March 21, 2023
Nigeria: Shell Reports Sharp Fall in Nigeria Oil Spills After Shutdown
Shell reported a sharp fall in oil spilled as a result of sabotage in Nigeria's oil-rich Delta in 2022 reflecting closure of operations for six months in the wake of attacks. Read more »
Nigeria: Nigeria's LNG Output Still Weak Despite Europe's Thirst for Spot Supplies - Report
Heavy flooding, upstream gas supply issues and pipeline vandalism have left the six-train Nigeria LNG (NLNG) facility on Bonny Island producing far below capacity since last year,… Read more »
Nigeria: Oil Price Steadies After 5% Loss, Lowest in Over 15 Months
Oil prices steadied at the weekend after dropping to near 15-month lows earlier in the session, supported by reports that top producers Saudi Arabia and Russia met to discuss ways… Read more »
Nigeria: Nigeria's Oil Rigs Count Stagnates, Despite February Crude Production Growth
Despite adding about 48,000 barrels per day in February, Nigeria's oil rigs count stagnated at 13 during the month, THISDAY analysis of the latest data released by the Organisation… Read more »
March 20, 2023
Nigeria: Expert Challenges Minister Over Claims of 12.99 Million Cyberattacks in Four Days
The claim by the Minister of Communications and Digital Economy, Dr. Isa Pantami, that Nigeria recorded 12.99 million cyberattacks in four days during the presidential election,… Read more »
Nigeria: Report - Nigeria's Ginger, Shea Butter Have Significant Global Market Potential
A new report has identified Nigerian-grown ginger and shea butter as potential Geographical Indications (GIs) products, which could immensely contribute towards realising the… Read more »
March 19, 2023
Africa: UK Earmarks £10m for Energy Solution in Sub - Saharan Africa
The United Kingdom has earmarked a £10 million grant for innovators in Sub-Saharan Africa, South Africa and South East Asia to address the energy situation in the benefitting… Read more »
March 17, 2023
Nigeria: Experts Raise Concern Over Foreign Airlines' Inability to Repatriate Funds From Nigeria
Besides charging Nigerian air travellers exorbitant fares, aviation experts have raised concern over foreign airlines' inability to repatriate trapped funds in Nigeria, insisting… Read more »
March 16, 2023
Nigeria: No Economic Development Without Vibrant, Successful SMEs Sector - Buhari
President Muhammadu Buhari has declared that for any economy to grow and create jobs, an equally vibrant and successful small and medium enterprise sector is also needed. Read more »
March 17, 2023
Nigeria: Dana Air Takes Delivery of Aircraft From Maintenance, Introduces New Rate
Dana Air has taken delivery of some of its aircraft from maintenance facility. Read more »
March 16, 2023
Nigeria: Hope Rises for Nigeria As Shell Lifts Force Majeure On 250,000bpd Bonny Export Terminal
The Shell Petroleum Development Company of Nigeria Limited (SPDC) said it has lifted the force majeure on its 250,000 barrels per day (bpd) Bonny export terminal with effect from… Read more »
March 15, 2023
Nigeria: Govt Delays Its First Census in 17 Years
Nigeria's 2023 population and housing census earlier scheduled for end of this month has been shifted to May, 2023. Read more »
Nigeria: OPEC Confirms Nigeria's 1.3 Million Bpd February Crude Oil Output
·Moody's places six US banks on potential rating downgrades Read more »
Nigeria: Banks Begin Dispensing of Old N500, N1, 000 Notes Via ATMs, Over-the-Counter
Following a Central Bank of Nigeria (CBN) directive on Monday that the old N500 and N1, 000 remain legal tender in line with a Supreme Court ruling, banks have started dispensing… Read more »
March 14, 2023
Nigeria: Osinbajo Launches $600m Programme for Young Nigerians in Technology, Creative Sectors
Vice President Yemi Osinbajo, SAN on Tuesday launched a $600 million programme for young Nigerians in the technology and creative sectors with a call on African governments and the… Read more »
March 13, 2023
Nigeria: NLC Gives Govt 7-Day Ultimatum to End Currency Drought or Face National Strike
Organised labour under the auspices of the Nigeria Labour Congress (NLC) has given the federal government one week ultimatum to resolve the issues causing the prolonged scarcity of… Read more »
Nigeria: Nigeria's Signature Bank - We Have No Affiliation With Collapsed New York Financial Institution
Nigeria's Signature Bank Limited on Monday clarified that it does not have any affiliation with Signature Bank, New York, that was shut down by United States financial regulators… Read more »
Nigeria: As Nigeria Struggles With Crude Theft, Saudi Aramco Posts Record $161bn Profits
Saudi Aramco yesterday announced record profits of $161 billion from its 2022 operations as the largely state-owned oil company cashed in on a tumultuous year in energy markets… Read more »
March 12, 2023
Nigeria: Lagos Train Accident - Bus Driver Apologises, Begs for Forgiveness
After currying blame for the incident that led to the bus-train collision at the PWD by Shogunle railway line, on the Agege Motor road, Lagos on Thursday, driver of Lagos State… Read more »
Nigeria: Nigeria's Annual Trade Volume Rises to Near Pre-Covid Level
The 169 per cent year-on-year increase in trade surplus recorded by the federal government for 2022 has almost put Nigeria's annual trade volume at the positive threshold of the… Read more »
March 11, 2023
Nigeria: Train Accident - Sanwo-Olu Pays Condolence Visits to Deceased Families
Lagos State Governor, Mr. Babajide Sanwo-Olu, yesterday paid condolence visit to families of the Lagos State Government staff, who were involved in the train accident that claimed… Read more »
March 10, 2023
Nigeria: Naira Redesign - CBN Urged to Address Technology Fundamentals to Reduce Impact of Nigerians
The Central Bank of Nigeria (CBN) has been advised to implement adequate national technology backbone and other fundamental measures to alleviate the adverse impact of the Naira… Read more »
March 09, 2023
Nigeria: Yet Another Pipeline Explosion
The Rumuekpe tragedy is one too many Read more »
March 08, 2023
Nigeria: Adjusting to Reality of Cashless Economy
James Emejo writes that the CBN's cashless policy bolstered by the recent redesigning of the Naira may have come to stay, ushering in a new dawn for electronic payment in the… Read more »
March 07, 2023
Nigeria: Shell CEO Says Cutting Oil and Gas Production 'Not Healthy'
Shell Plc's new boss, Wael Sawan, has said that cutting oil and gas output would be bad for consumers, echoing a pivot by other major producers toward fossil fuels and energy… Read more »