October 18, 2022
West Africa: Buhari Calls For Investment In STI To Drive Industrialisation In West Africa
Nigeria and other West African countries need more investment in Science Technology and Innovation (STI) to drive the industrialisation process in the region, President Muhammadu… Read more »
Nigeria: No Plan To Privatise Nigeria's Transmission Firm - Govt
The ministry of power has said there is no plan to sell the Transmission Company of Nigeria (TCN), urging the public to disregard any statement regarding a 'non-existing' plan to… Read more »
Nigeria: FAO Calls For Increased Investments In Agriculture, Resilient Agrifood Systems
The Food and Agriculture Organisation (FAO) has urged governments across the globe to prioritise increased investments into the agricultural sector and resilient agrifood systems. Read more »
Nigeria: Higher Food, Commodity Prices Push Inflation Further To 20.77 Percent
The Consumer Price Index (CPI) which measures the rate of change in prices of goods rose to 20.77 per cent in September 2022, compared to the 20.52 per cent recorded in August… Read more »
Nigeria: More Trouble For Nigeria As NLNG Declares Force Majeure On 22mtpa Plant Over Flood-Related Disruptions
Nigeria may be facing additional revenue challenges and gas shortage as the Liquefied Natural Gas (NLNG) Limited has declared force majeure on its 22 million tons per annum (mtpa)… Read more »
October 17, 2022
Nigeria: Ending Flooding Nightmare in Katsina
For residents of flood-prone communities in Katsina State, it is respite all the way as the major intervention work by the state government in collaboration with the World Bank,… Read more »
Nigeria: Installation of Tartan Tracks at Lagos National Stadium Begins
The Federal Government's bid to restore the National Stadium, Surulere, Lagos to its old glory has received a major boost with the commencement of the installation of the tartan… Read more »
Nigeria: To Bridge Budget Deficit, Govt Raised N2.44 Trillion Via Bonds in 9 Months
The federal government in nine months of 2022 raised a sum of N2.44 trillion through the FGN bond market to finance N6.26trillion 2022 budget deficit, the Debt Management Office… Read more »
October 16, 2022
Nigeria: Removing Mining From Exclusive List Will Lead to Agitation - Saraki
The Minister of State for Mines and Steel Development, Senator Gbemisola Saraki, yesterday cautioned against the removal of mining from the exclusive list in the Constitution,… Read more »
Nigeria: MTN, Airtel Hike in Data Tariffs Unsettles Subscribers
FINANCE Read more »
Nigeria: Lessons From Kogi's Hardline Posture On Dangote's Obajana Cement Factory
Although the federal government on Friday ordered the immediate reopening of the Obajana Cement factory shut on the order of the Kogi State Government, the spat between the state… Read more »
October 14, 2022
Nigeria: Thousands of Jobs At Risk As Kogi Orders Dangote Cement to Shutdown Within 48 Hours
Kogi State government has directed the Dangote Group to ensure its cement factory at Obajana is shut down within the next 48 hours in honour of the State House of Assembly which… Read more »
Nigeria: Nigeria Has Not Approached Us for Debt Restructuring, Says World Bank President
The President of the World Bank Group, Mr. David Malpass, yesterday disclosed that Nigeria was yet to approach the bank for debt restructuring. Read more »
Nigeria: Nigeria, Four Others Gets $250m Economic Boost From EBID
The Board of Directors of the ECOWAS Bank for Investment and Development (EBID) has approved a total of $250 million for five member states of Nigeria, Burkina Faso, Ghana, Senegal… Read more »
Nigeria: Aviation Experts Applauds LASGs Plan to Build Lekki Airport
Aviation industry experts under the aegis of Aviation Safety Round Table Initiative (ART) have said they welcome the decision of the Lagos State government to build a second… Read more »
Nigeria: Nigeria Trapped By Elite Consensus Built Around Rent-Taking, Says Oxford Economist
An economic expert has described Nigeria as a loser in the gamble on development among nations because of its elite consensus built around rent-taking from the proceeds of crude… Read more »
Nigeria: Despite Revenue Growth, States' Fiscal Performance Still Unsatisfactory - Report
The fiscal performance of the 36 states of the federation failed to improve to an appreciable level despite a relative boost in revenue earnings, according to BudgIT, a non-profit… Read more »
Nigeria: Despite Lucrative Aviation Market, Nigerian Airports Among Highest Revenue Losers in Africa
Nigerian aviation expert and international consultant, Nick Fadugba has said Nigerian airports lose out from the highest revenue routes in Africa, disclosing that no Nigerian… Read more »
October 13, 2022
Nigeria: Dangote's 650,000bpd Refinery 97 Percent Completed, Says NMDPRA
The 650,000 barrels per day Dangote refinery in Lagos is now 97 percent complete, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), said yesterday. Read more »
Nigeria: Nigeria Seeks Debt Restructuring From IMF, World Bank
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed yesterday disclosed that the Nigerian government was in talks with the International Monetary Fund (IMF)… Read more »
Nigeria: Nigeria's Oil Production to Get Boost As Shell Resumes Export At 400,000bpd Forcados Terminal Month End
After months of under-production and heavy dip in foreign exchange earnings from oil export due to crude theft and vandalism, Nigeria's oil production is set to rise again as Shell… Read more »
October 12, 2022
Nigeria: Shell to Resume Crude Oil Export At 400,000bpd Forcados Terminal By End of October
Hope for Nigeria to add 500,000 barrels per day (bpd) of crude oil to its output by the end of November, has risen as Shell Petroleum Development Company Limited (SPDC) has… Read more »
Nigeria: Obasanjo, Experts Task Elites On Reversing Nigerianisation of Poverty
Nigeria's economic, political and academic elites were, yesterday, challenged to rise up to the duty of elite bargain and consensus that could have growth and development as its… Read more »
Nigeria: Marketers Express Frustrations As Govt Dilly-Dallies With Petrol Subsidy Removal
Petroleum products marketers in Nigeria have for the umpteenth time expressed frustrations and concern over the federal government's continuous delay in the removal of petrol… Read more »
Nigeria: IMF Foresees Easing in Nigeria's Inflation, Seeks Stronger Fiscal, Monetary Policies Harmonisation
The International Monetary Fund (IMF) has predicted that Nigeria's consumer price index (CPI) which measures inflation in the country would commence deceleration before the end of… Read more »