November 03, 2023
Nigeria: Dangote Refinery Begins Test Run with Domestic Crude
The Nigerian National Petroleum Company Limited (NNPC) will supply the new 650,000 barrel-per-day Dangote oil refinery with up to six million barrels of crude oil in December, to… Read more »
October 30, 2023
Nigeria: 15-Point Agreement - NLC Wants Minister of Labour Excluded From Today's Meeting With Govt
Nigeria Labour Congress (NLC) has threatened to boycott today's meeting with the federal government, meant to review the 15-point memorandum of understanding (MoU) it had signed… Read more »
October 29, 2023
Nigeria: NUPRC Moves to Enforce Domestic Crude Oil Supply Obligation to Feed Emerging Refineries
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday said it was taking all necessary steps within the provisions of the Petroleum Industry Act (2021) to ensure… Read more »
October 27, 2023
Nigeria: Govt Moves to Securitise Nigerian Liquefied Natural Gas Dividends for $7bn Cash
As part of efforts to boost foreign currency liquidity in the economy and strengthen foreign exchange (FX), the federal government has concluded plan to securitise about $7 billion… Read more »
October 26, 2023
Nigeria: House to Investigate N7tn Interventions in Power Sector Since Privatisation
The House of Representatives, yesterday, resolved to investigate all the financial interventions, which amounted to over N7 trillion, in the power sector since its privatisation to… Read more »
October 20, 2023
Nigeria: Govt, EU Sign N728 Billion Agreements to Boost Education, Energy, Transport, Others
The federal government and the European Union (EU) yesterday signed a €900 million (about N728 billion) financial package to advance Nigeria's green, resilient digital… Read more »
October 19, 2023
Nigeria: FIRS Issues 2-Week Ultimatum for Remittance of FIRS Embarks On Compliance Evaluation
The Federal Inland Revenue Service (FIRS) has issued a 14-day ultimatum to all taxable persons or tax agents who have made deductions of Value Added Tax (VAT) or Witholding Tax… Read more »
October 15, 2023
Nigeria: NNPC Jettisons Oil Swap Deals, Pays Cash for Fuel Imports
The Nigerian National Petroleum Company Limited (NNPC) has begun buying petrol via cash tenders, rather than oil swaps, for the first time in nearly a decade, four sources familiar… Read more »
October 14, 2023
Nigeria: Senate Promises Legislations On Energy Transition Financing
The Chairman of the Senate Committee on Ecology and Climate Change, Senator Seriake Dickson, has expressed the readiness of the National Assembly to support any new legislation or… Read more »
October 13, 2023
Nigeria: CBN Lifts Forex Restrictions On Importation of Rice, Cement, Palm Oil, 40 Other Items
The Central Bank of Nigeria (CBN) yesterday, declared that importers of 43 items previously restricted from accessing foreign exchange (FX) at the official window are now allowed… Read more »
October 09, 2023
Nigeria: Tinubu Unveils Ambitious Plan to Create 500,000 Jobs As Ajaokuta Rolling Mill Nears Completion
President Bola Tinubu has declared that with the hitherto abandoned Ajaokuta Steel Complex now nearing completion, the project would have the capacity to employ 500,000 Nigerians… Read more »
Nigeria: Abuse of Nigerian Workers By Foreigners
Labour laws must be respected at all times Read more »
October 05, 2023
Nigeria: Nigeria Must Break Shackles of Over-Reliance On Oil, Harness Non-Oil Potential for Export - Shettima
Vice President Kashim Shettima, yesterday said the country must take urgent steps to drastically reduce its over-dependence on oil and focus more on harnessing the untapped… Read more »
Nigeria: World Bank Cuts Nigeria's 2023 Economic Growth Projection to 2.9%
Citing currency pressure, insecurity, and other challenges, the World Bank Group yesterday, revised its economic growth outlook for Nigeria in 2023, to 2.9 percent, lower than its… Read more »
Nigeria: Niger Bans Export of Liquefied Petroleum Gas, Nigeria Impacted
Niger has banned all exports of liquefied petroleum gas (LPG) until further notice, the government said in a statement on Tuesday, a decision that will impact Nigeria which gets… Read more »
October 04, 2023
Nigeria: Optimising Nigeria's Blue Economy Potentials Through Hydrography
Given that the Blue Economy is centered on trade and actions around large bodies of water ranging from rivers to oceans, Chiemelie Ezeobi writes on the import of hydrography in… Read more »
October 03, 2023
Nigeria: Nigeria's First Privately-Owned 100mw Solar PV Module Assembly Factory Takes Off in Lagos
All On, a Shell-funded impact investment company, and Auxano Solar Nigeria Limited have brought to operation Nigeria's biggest fully-automated 100 Megawatts (MW) Solar Photovoltaic… Read more »
October 02, 2023
Nigeria: Okonjo-Iweala Challenges South-East Governors On Regional Economy
The Director-General of the World Trade Centre, WTC , Dr Ngozi Okonjo-Iweala, on Thursday challenged the governors of the South-East geo-political region to eschew bitterness among… Read more »
Nigeria: Oil Communities Call for Forensic Audit of Niger Delta Ministry, Seek Increased Funding for NDDC
Oil bearing communities in the Niger Delta region have called on President Bola Ahmed Tinubu, to institute a forensic team to audit activities of the Niger Delta Affairs Ministry… Read more »
October 01, 2023
Nigeria: Years of Lost Economic Opportunities
Nigeria's history, especially since independence in 1960, has been characterised by years of missed opportunities and the attendant shock on the economy. Read more »
Nigeria: Cardoso Swings Into Action After Sterling Performance At Screening
Given the slant of most of the reviews of the sterling performance of Dr. Olayemi Cardoso at the screening by the Senate last week, there is no doubt that the new Governor of the… Read more »
September 29, 2023
Nigeria: NEC Urges Labour to Shelve Planned Strike, NUPENG Threatens to Halt Fuel Supply
As the clock ticks towards October 3, the date Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) have scheduled to commence a nationwide indefinite strike, the federal… Read more »
September 25, 2023
Nigeria: NLC Insists On Indefinite Strike, Says Govt Had Enough Time to Resolve Dispute
Barring any last minute breakthrough in discussions between the federal government and labour over relief measures following government's removal of fuel subsidy, Nigeria Labour… Read more »
September 22, 2023
Nigeria: Naira Falls Further to N995/$ On Parallel Mkt, Edun Blames $6.8bn Backlog for Currency's Woes
The naira declined further on the parallel market arm of the foreign exchange (FX) market to N995 to a dollar, weaker than the N990 to a dollar it closed the previous day. Read more »
September 21, 2023
North Africa: Tales of Sorrow, Tears and Blood
It says so much about our country that the government as well as our citizens appear oblivious to the monumental human misery in Morocco and Libya. Given the magnitude of the… Read more »