October 16, 2023
Nigeria: Central Bank Chief May Abandon Anchor Borrowers, eNaira, Currency Redesign
New governor of the Central Bank of Nigeria, Olayemi Cardoso, may have opted out of some key development finance projects of his predecessor, Godwin Emefiele, a move that will halt… Read more »
Nigeria: USAID Mobilises N188 Billion for Nigerian Agribusinesses in 7 States
T he United States Agency for International Development (USAID), has mobilised N188 billion in private debt and equity financing to support agribusiness across Nigerian seven… Read more »
October 13, 2023
Nigeria: IMF Discusses Debt With Creditors As Nigeria Considers Restructuring
With the Nigerian government ruminating over the idea of debt restructuring, the International Monetary Fund (IMF) has said, it is in discussion with creditors on finding… Read more »
Nigeria: Minister Demands Timely Completion of Akk Gas Pipeline Project
The minister of state Petroleum Resources (Gas), Ekperikpe Ekpo, has charged contractors handling the 614 kilometer Ajaokuta, Kaduna, Kano (AKK) gas pipelines project not to… Read more »
October 12, 2023
Nigeria: Fire Outbreak As Residents Scoop Fuel From Fallen Tanker in Lagos
A fire outbreak has occurred around Otedola Bridge in Ojodu-Berger area of Lagos on Thursday evening following scooping of petrol from a fallen petrol tanker by residents. Read more »
October 13, 2023
Nigeria: 8 Years After, Central Bank Opens Forex Border to 43 Banned Items
The Central Bank of Nigeria (CBN) has lifted the ban on 43 food and non-food items previously restricted from accessing foreign exchange from the official window, a move that would… Read more »
October 12, 2023
Africa: Africa's Total Exports to Hit $1trn By 2035 - Standard Chartered
Standard Chartered report has revealed that Africa's total exports are expected to hit close to $1 trillion by 2035. Read more »
Nigeria: Federal Govt Warns State Govts Against Interference in Mining Activities
The minister of solid minerals development, Dele Alake, yesterday declared that state governors have no legal authority to ban or regulate mining activities in their states without… Read more »
Nigeria: Sanwo-Olu Writes Assembly, Seeks Reordering of 2023 Budget
Governor Babajide Sanwo-Olu has written to the Lagos State House of Assembly seeking reordering of the sum of N234.669 billion from the 2023 budget of N1.768 trillion. Read more »
Nigeria: Building Collapse - Dangote Cement Urges Builders to Use Quality Materials
Group managing director, Dangote Cement Plc, Mr. Arvind Pathak, has tasked professional builders in the country to prioritize the use of quality materials in building projects as a… Read more »
October 11, 2023
Africa: Nigeria Rises to 4th in Africa's Trade Rankings
The latest Africa Trade Barometer has revealed that Nigeria has moved up four positions from eighth to forth in the country rankings. Read more »
October 10, 2023
Nigeria: Nigeria Requires $25bn Investment to Achieve 4m Barrels Daily Oil Production
A reconstructed energy transition agenda and annual investment of about $25 billion would help address Nigeria's energy woes and support the country's efforts to realise 4 million… Read more »
October 09, 2023
Nigeria: U.S.$114 Billion National Debt - Stakeholders Frown at Excessive Borrowing
Stakeholders have called for more discipline to curb excessive borrowing at all levels of government, especially in the face of the mounting national debt now in the excess of… Read more »
October 07, 2023
Nigeria: Federal Govt to Launch U.S.$617 Million Investment in Digital, Creative Enterprises
Determined to deliver on the promise to create millions of jobs in the technology space, President Bola Ahmed Tinubu's administration has proposed November 2023 to launch the… Read more »
October 06, 2023
Nigeria: Ghost Workers - Reps Urge Fderal Govt to Conduct Forensic Staff Audit
The House of Representatives has urged the Federal Government through the Office of the Secretary to the Government of the Federation to carry out a forensic audit of its staff to… Read more »
Nigeria: NNPCL 80% Ready for IPO - Kyari
The group chief executive officer( GCEO) of the Nigerian National Petroleum Company Limited, (NNPCL), Mele Kyari said, the company is 80 percent ready for an Initial Public… Read more »
Nigeria: DMO Raises N742.557bn for Construction of 4,000km Roads, Bridges
The Debt Management Office (DMO) has helped the federal government to raise and deploy N742.557 billion to the rehabilitation and construction of 4,000 kilometres of road projects… Read more »
Nigeria: Subsidy Removal - Marketers Demand Emergency Palliative to Ease Petrol Import
The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) has called on the Federal Government to set up "emergency palliative measure" that would enable oil marketers to… Read more »
October 05, 2023
Nigeria: World Bank Tasks Nigeria, Others On Stability, Job Creation
The World Bank has said rising instability, weak growth in Nigeria and the rest of West Africa, and lingering uncertainty in the global economy are dragging down growth prospects… Read more »
October 04, 2023
Nigeria: UK, U.S. Seek Partnership With Nigeria to Develop Marine, Blue Economy
The British and the United States governments have both expressed their willingness and readiness to partner the Nigerian Government towards developing the newly created Marine and… Read more »
October 02, 2023
Nigeria: 2 Pregnant Women, 15 Others Killed in Rivers Pipeline Explosion
Two pregnant women and 15 others were killed following a pipeline explosion due to the activities of illegal refining of crude oil at Rumucholu village in Ibaa community of Emoha… Read more »
Nigeria: Labour Unions Suspend Strike for 30 Days
In a significant development, the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have decided to suspend their planned indefinite nationwide strike, scheduled to… Read more »
October 01, 2023
West Africa: Akufo-Addo Calls for Entrenchment of Democratic Accountability Amid Coups
The President of Ghana, Nana Akufo-Addo has said democracy in West Africa is in danger as evident in the recent military takeovers in the sub-region, and urged all to work harder… Read more »
October 02, 2023
Nigeria: 60 Days to Go... Heat Turns on MDs of Warri, Port Harcourt Refineries Over Deadline
The managing director of Port Harcourt Refining Company Limited (PHRC) Engr Ibrahim Onoja, and the acting managing director of Warri Refining and Petrochemical Company (WRPC), Mrs… Read more »
October 01, 2023
Nigeria: Labour Rejects Tinubu's N25,000 New Wage for Low Level Workers
The Organised Labour has firmly rejected President Bola Tinubu's proposed N25,000 provisional wage increase aimed at mitigating the impact of the recent removal of petrol subsidy. Read more »