April 19
Nigeria: Dangote Refinery Explores U.S. for Crude Shipment, Expecting Third Stock
The 650,000 barrels per day Dangote Petroleum Refinery has been able to ramp up production leveraging on cheaper crude imports from the United States, a report has said. Read more »
April 18
Nigeria: Boat Tragedy - Wake-Up Call for Safety, Accountability in Nollywood
A Nollywood crew including the actor, Junior Pope Odonwodo and a make-up artiste, died last week in a terrible, terrible accident when their boat capsized on the way to a film… Read more »
Nigeria: Tariff Increase to Worsen Economic Instability - Private Sector
Says Nigeria ranked third on highest electricity cost Read more »
Nigeria: Make Staff Housing Your Project, FCT Workers Beg Wike
Workers of the Federal Capital Territory (FCT), under the Joint Unions Action Committee (JUAC), have appealed to the FCT Minister, Nyesom Wike, to make staff housing one of his… Read more »
Nigeria: Access Bank to Reward 15,786 Customers in Diamond Xtra Season 16 Promo
The management of Access Bank has set aside N200 million in cash and three SUVs to reward 15,786 customers in its Season 16 DiamondXtra campaign. Read more »
Nigeria: Monetary Tightening Freezes Commercial Banks N17.3trn
As CBN lowers banks' loan-to-deposit ratio to 50% Read more »
Nigeria: NESG Reappoints Board Directors
The Nigerian Economic Summit Group (NESG) yesterday held its Annual General Meeting (AGM) where it reappointed its board of directors. Read more »
Nigeria: Reps Urges SEC, Frc to Reconcile Alleged Unremitted Funds
The House of Representative Public Accounts Committee has mandated the Securities and Exchange Commission (SEC) and the Fiscal Responsibility Commission (FRC) to amicably settle… Read more »
Nigeria: NPA Secures $700m Facility From Citibank to Rehabilitate Apapa, Tin-Can Ports
The Nigerian Ports Authority (NPA) has secured about $700million loan from Citibank for the rehabilitation of Apapa and Tin-Can Island Ports in Lagos. Read more »
Nigeria: A Case for Effective Electronic Medical Records Culture in Nigeria
The relevance of electronic medical records in Nigeria cannot be over-emphasized. However, implementing a functional and effective EMR system requires a collaborative and… Read more »
Nigeria: BDCS Now Buying Dollar At N980 - - Abcon President
The Association of Bureau De Change Operators of Nigeria (ABCON) said the Bureau De Change (BDC) operators were buying dollars at N980/$ at the open market and selling at N1,020/$. Read more »
Nigeria: FMBN Commences Recapitalisation Exercise
The Managing Director of the Federal Mortgage Bank of Nigeria (FMBN), Shehu Usman Osidi, has disclosed that the bank has commenced recapitalisation exercise to boost efficiency in… Read more »
Nigeria: IMF Sees Nigeria's Inflation Dropping to 26.3 Percent This Year
The International Monetary Fund (IMF) has said Nigeria's inflation rate will drop to 26.3% in 2024, noting that the country's economy will equally grow by 3.3% this year. Read more »
April 17
Nigeria: Equities Market Posts Biggest Loss in April As Investors Lose N1.1trn
The Nigerian Exchange (NGX) market capitalisation recorded the biggest loss in the month of April with investors losing N1.1trn. Read more »
Nigeria: Tough Time to Be Entrepreneur in Nigeria
The Manufacturers Association of Nigeria (MAN) told us last month that 767 companies folded up in 2023, with 335 others distressed and obviously in danger of going down too. If the… Read more »
Nigeria: Fidelity Bank Grows Profit to N99.5bn in Fy 2023
Fidelity Bank Plc. has released its 2023 full year Audited Financial Statements, reporting a profit after tax of N99.5 billion representing a 112.9% annual growth. Read more »
Nigeria: NAFDAC Bans Selling, Use of Dex Luxury Soap in Yobe
The National Agency for Food and Drug Administration Control (NAFDAC) has banned the selling and use of Dex Luxury Bar Soap due to the presence of the chemical, butylphenyl… Read more »
Nigeria: Dangote Crashes Diesel Price to N1,000/Litre
Dangote Refinery has crashed diesel price to N1,000 per litre, the Dangote Group disclosed this in a statement on Tuesday. Read more »
Nigeria: Rehabilitating Lagos-Kano Highway - A National Priority
Nigeria's spending has been increasing exponentially, yet its effectiveness is constantly in dispute, whether in hard infrastructure, power, education, or any area of public… Read more »
Nigeria: Tinubu Inaugurates Single Window Project, Targets N2.7tr Revenue
President Bola Tinubu yesterday inaugurated the steering committee for the Single Window Project, saying the initiative is expected to yield an annual economic benefit of around… Read more »
Nigeria: Illegal Operation - NCAA Begins Re-Evaluation of 100 Private Jets
Private jet operators have been given 72 hours to submit relevant documents for re-evaluation by the Nigeria Civil Aviation Authority (NCAA). Read more »
West Africa: Nigeria's Fx Reserves Dip By Over $2bn in One Month, Lowest in 6 Years
Nigeria's foreign exchange (FX) reserve has plunged by approximately $2.16 billion in 29 days, amidst the Central Bank of Nigeria's (CBN) robust efforts to stabilise the naira. Read more »
West Africa: Nigeria Can Grow Annual GDP By 12 Percent - Nipps DG
The Director General of the National Institute for Policy and Strategic Studies (NIPPS), Prof. Ayo Omotayo, said the Nigerian economic growth rate can average 12 percent annually… Read more »
Nigeria: Gunmen Kill Driver, Abduct 16 On Abuja-Lokoja Road
Gunmen have shot dead a bus driver and abducted his 16 passengers near Chikara village on the Abuja-Lokoja highway. Read more »
Nigeria: Naira Appreciation Will Impact Inflation Between Three to Six Months - - Teriba
The chief executive of Economic Associates, EA, Dr Ayo Teriba, has said the recent Naira appreciation will impact the country's inflation between three to six months. Read more »