October 13, 2022
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 »
October 11, 2022
Nigeria: Oil Theft - Tompolo's Firm, Navy Set Seized Oil Bunkering Vessel Ablaze
Operatives of the Nigerian Navy and Tantita Security Services, a firm operated by Chief Government Ekpemupolo (alias Tompolo) last night set ablaze an illegal oil bunkering vessel… Read more »
Nigeria: Nigeria to Take Final Investment Decision On $25bn Gas Pipeline Next Year - NNPC
The Nigerian National Petroleum Company Limited (NNPC), along with its partners could take a Final Investment Decision (FID) on the $25 billion Nigeria-Morocco gas pipeline in… Read more »
October 10, 2022
Nigeria: 'Nigeria Requires Strong Fiscal, Monetary Policies to Overcome Its Challenges'
The Regional Head, Financial Markets in Africa and the Middle East, Standard Chartered Bank, Mark Price and Head, Financial Markets Nigeria & Rates & Credit West Africa,… Read more »
Nigeria: Emerging Business Leaders From North, Matching the Tech Unicorns of the South
Contrary to widespread perception that the north is not strong in business, there is a new crop of business leaders ready to replace the likes of Aliko Dangote and Abdulsamad… Read more »
Nigeria: E-Payment Transactions Decline to N32.84trn On Network Glitches, Worsening Economic Downturn
Banks network malfunction, among other factors, contributed to N396.18billion or 1.19 per cent decline in Nigeria Inter-Bank Settlement Systems (NIBSS) Instant Payment Platform… Read more »
Nigeria: Subsidy Removal - Senators Disagree With Buhari, Insist On December 2023 As Deadline
Senators across political party lines have said the National Assembly would not pass the proposal on petrol subsidy removal as presented by President Muhammadu Buhari in order not… Read more »
Nigeria: Hope Rises for Oil Production As NNPC Winds Up Repair of 180,000 Bpd Tnp Line in Niger Delta
The Group General Manager of the National Petroleum Investment Management Services (NAPIMS), Mr Bala Wunti, at the weekend announced that the Nigerian National Petroleum Company… Read more »
October 08, 2022
Nigeria: Return to Classrooms Immediately, Court of Appeal Orders ASUU
The Court of Appeal, Abuja Division yesterday ordered striking members of the Academic Staff Union of Universities (ASUU), to end the nearly eight months strike they embarked upon… Read more »
Nigeria: Oil Subsidy Ends Next Year, It's Unsustainable - President
President Muhammadu Buhari yesterday, while presenting a record N20.51 trillion 2023 appropriation bill to a joint session of the National Assembly in Abuja, announced the… Read more »
Nigeria: Aisha Buhari to Speak on Encouraging Women to Save for Rainy Days
The wife of President Muhammadu Buhari, Mrs. Aisha is set to speak today on the need for women to imbibe the culture of saving for rainy days, particularly for themselves and their… Read more »
October 07, 2022
Nigeria: We"ll Use Technology to Tap Seabed Resources - Buhari
President Muhammadu Buhari has disclosed that Nigeria has strategic mineral resources in its seabed, which will be exploited through adequate deployment of technology. Read more »
Nigeria: New Nigerian Carrier, ValueJet, Announces Inaugural Flight
ValueJet has announced that it would open its booking portal and would start flight operations from Monday, October 10, 2022 with flights to Abuja, Port Harcourt, Asaba and Jos… Read more »
Nigeria: Despite Economic Hardship, Airfares Hike, Nigeria Records High Outbound Flights
Despite the outrageous fares that foreign airlines charge Nigerian passengers, coupled with the economic hardship in the country, Nigeria still records high outbound flights,… Read more »
Nigeria: Google Spends 20% of $1bn On African Projects, Begins First Cloud Region
One year after Google announced its five-year plan for African projects that would gulp $1 billion, the technology company has said that it had already spent over 20 per cent of… Read more »
Nigeria: How Illegal Export Line Connecting High Sea Was Undetected for Nine Years - NNPC
In a shocking revelation, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mallam Mele Kyari, has narrated how an illegal oil pipeline… Read more »
October 06, 2022
Nigeria: How Illegal Connecting Line From Export Terminal Into High Sea Was Discovered After Nine Years - NNPC
In a shocking revelation, the Group Managing Director of the Nigerian National Petroleum Company Limited (NNPC), Mallam Mele Kyari, has narrated how an illegal oil pipeline… Read more »
Nigeria: 2023 Budget Proposal May Be Adjusted Before Friday's Presentation to National Assembly - Presidency
The Presidency yesterday disclosed that the 2023 budget proposal was still open to alteration to accommodate inputs that may have been inadvertently omitted before its presentation… Read more »
Nigeria: Despite Pressure From World Powers, Opec Announces 2m Barrels Production Cut
The Organisation of Petroleum Exporting Countries (OPEC) and its oil-exporting allies known as OPEC+ yesterday announced a two million barrel per day cut in oil production. Read more »
Nigeria: WTO Cuts 2023 Global Trade Forecast Amid Looming Recession
The World Trade Organisation (WTO) yesterday projected a slowdown in global trade growth in 2023 as sharply higher energy, food prices and rising interest costs curb import demand. Read more »
Nigeria: Stakeholders Highlight Priority Areas That Will Disrupt, Deliver Economic Growth for Nigeria
Considering the fact that the playbook that drives economic growth and prosperity globally is undergoing some material disruption, where drivers of global economies are fast… Read more »