February 15, 2023
Nigeria: OPEC Confirms Nigeria's Oil Output Grew By Just 23,000 Bpd in Jan
-Oil prices fall after US crude reserve release Read more »
Nigeria: Energy Demand in Nigeria, Others to Increase By 35 Percent in 20 Years - Kyari
The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC), Mallam Mele Kyari has projected that energy demand in Nigeria and other African… Read more »
Nigeria: Harnessing Nigeria's Science, Technology and Innovation Potential
Given the critical role of Science, Technology and Innovation in all facets of human endeavour as well as its importance to the transformation of the Nigerian economy from a… Read more »
Nigeria: Mobile Transfers Peaked Highest in January With 108 Million Transactions
The month of January 2023 recorded the highest number of mobile money transactions since its inception at 108 million, numbers released by the Nigeria Inter-Bank Settlement System… Read more »
Nigeria: Nigeria Eyes £14bn in UK Trade Scheme for Developing Countries
The Executive Director/Chief Executive, Nigerian Export Promotion Council (NEPC), Dr. Ezra Yakusak has said that the Developing Countries Trade Scheme (DCTS) recently unveiled by… Read more »
February 14, 2023
West Africa: Govt Pledges Improved Trade Relations With ECOWAS States
The federal government has reiterated its commitment to the elimination of bottlenecks and promotion of efficient operations at the Seme-Krake border to enhance trade and economic… Read more »
Nigeria: Does the Supreme Court Have Original Jurisdiction Over Naira Deadline Case?
The epic battle over the retention or ban of old Naira currency notes in the 200, 500 and 1,000 denominations shifted to the Supreme Court last week, when the Attorneys-General of… Read more »
February 12, 2023
Nigeria: In Kebbi, Tinubu Promises to Boost Agriculture, Revive Argungu Fishing Festival
*Former Lagos gov will stop brain drain, medical tourism, says APC Read more »
February 09, 2023
Nigeria: Sterling Bank Denies Stashing N258m New Naira Notes In Vault
Sterling Bank yesterday denied claims made by the Independent Corrupt Practices Commission (ICPC) that it stashed N258 million of the newly redesigned naira notes in its vault at… Read more »
Nigeria: Nigeria's Domain Name Maintains Steady Growth, Reached 183,792 in December 2022
The latest statistics released by the Nigeria Internet Registration Association (NiRA), the body responsible for managing Nigeria's country code Top Level Domain (ccTLD), showed a… Read more »
Nigeria: Ways and Means - IMF Urges CBN to Stop Full Financing of Govt's Fiscal Deficits
The International Monetary Fund (IMF) has urged the Central Bank of Nigeria (CBN) to go beyond recent increases in the policy rate to implement additional actions, including fully… Read more »
Nigeria: Govt Blames Profiteers for Hike in Fuel Price
The federal government yesterday formally reacted to the increase in the price of petroleum products across the country and heaped the blame on the rush by petroleum marketers to… Read more »
Nigeria: CBN Directs Banks, Others to Guard Against Terrorism-Related Transactions
The Central Bank of Nigeria (CBN) has directed commercial banks, other financial institutions(OFIs) under its regulation and payment service providers to search through their… Read more »
Nigeria: Fuel Smuggling Won't Stop Until Nigeria Deals With Arbitrage - Kyari
Group Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mallam Mele Kyari, on Tuesday maintained that the massive smuggling of petrol outside Nigeria's… Read more »
Nigeria: NLC Will Lead Struggle Against Hardship Biting Nigerians - Ajaero
Newly elected president of the Nigeria Labour Congress (NLC), Mr. Joe Ajaero has pledged to reawaken the spirit of the labour movement to become the true champions of the Nigerian… Read more »
February 08, 2023
Nigeria: Supreme Court Temporarily Halts Govt From Banning Old Naira Notes
Adjourns till February 15 Read more »
Nigeria: Five Lagos Communities to Enjoy Solar Energy Soon
No fewer than 12,500 residents in five communities at the Epe axis in Lagos State would benefit from solar mini energy project embarked upon by the Lagos State Government; A4&T… Read more »
Nigeria: New Minimum Wage Possible Before May 2024 - Govt
The federal government has assured Nigerian workers that it would set in motion the process that would lead to the approval a new minimum wage to be implemented on or before May… Read more »
February 07, 2023
Nigeria: House Moves to Unravel Alleged 48m Barrels of Crude Oil Theft
Udora Orizu writes that members of the House of Representatives are putting relevant stakeholders on their toes, as they commence investigation into whistle-blower's allegation of… Read more »
February 06, 2023
Nigeria: $4.6m Debt - Lionstone Offshore Denies Indebtedness, Alleges False Representations
The Chairman and Chief Executive Officer of Lionstone Offshore Services Limited, Mr. Amaechi Ndili, has denied owing Hercules Offshore Nigeria Limited to the tune of $4.6 million. Read more »
February 07, 2023
Nigeria: Expected Nigeria's Oil Production Rebound Falters As OPEC Output Falls in January
Nigeria's oil production which began rebounding in November and December last year after a prolonged lull, stayed stagnant in January this year, a Reuters survey of activities in… Read more »
Nigeria: Outlook for Nigeria's Upstream Oil, Gas Sector Positive for 2023 - Report
Nigeria's oil and gas industry experienced historic crises throughout 2022 as the sector struggled with severe crude thefts and pipeline vandalism constraining output, but will do… Read more »
February 06, 2023
Nigeria: Manufacturing, Agriculture Record Fastest Increase in Production Cost in January - Report
The Purchase Manager Index (PMI) report of the Stanbic IBTC Plc showed that operational conditions in the Nigerian economy has resulted in the fastest input cost for operators in… Read more »
Nigeria: Niger Delta Elders Write Monguno Over Govt's Panel On Oil Theft
* Say Nigeria loses $1.9bn monthly Read more »
Nigeria: Analysts Express Concern Over Double-Dight Inflation On Investment
Analysts during the weekend x-rayed the state of Nigeria's double-digit inflation rate on investment in 2023, urging investors to utilize other opportunities in a tough business… Read more »