October 05, 2022
Nigeria: A Slaugter Slab for Teachers
One would think that all those who are educated in Nigeria have had time to reflect on the state of the country and think of solutions. But that has not always been the case. The… Read more »
Nigeria: Incessant Building Collapse in Nigeria... (I)
Regulating agencies should be alive to their responsibility Read more »
Nigeria: House Investigates Reoccurring National Grid Collapse
The House of Representatives has mandated its Committee on power to conduct investigation into the root causes of incessant national grid collapse in the country. Read more »
Nigeria: For Second Time in 45 Years, NNPCL Declares Profit, Rakes in N674bn After Tax Revenues
For the second time in its 45-year history, the Nigerian National Petroleum Company Limited (NNPCL) , formerly a corporation, yesterday declared a Profit After Tax (PAT) financial… Read more »
Nigeria: Trade Central to Poverty Eradication, National Productivity - Buhari
President Muhammadu Buhari yesterday said trade has remained critical to the country's economic growth, poverty eradication, building wealth as well as improving foreign reserves… Read more »
October 04, 2022
Nigeria: United Airlines Allegedly De-Boards Nigerian Passenger Over Complaint of Poor Aircraft Facility
A Nigerian passenger, Taylor Alfred Oladotun was allegedly de-boarded from a flight operated by United States mega carrier, United Airlines on Sunday because he complained about a… Read more »
Nigeria: Despite Global Volatility, Nigeria's Stock Market Appreciated By N4.15trn in Nine Months
The stock market of the Nigerian Exchange Limited (NGX) maintained its positive momentum in the first nine months of 2022, gaining N4.15 trillion to outshine global markets that… Read more »
Nigeria: OPEC Mulls Highest Cut in Two Years, May Reduce Oil Production By 1 Million Bpd
The Organisation of Petroleum Exporting Countries (OPEC) may cut oil production output by as much as 1 million barrels per day when they meet tomorrow, some delegates said… Read more »
Nigeria: Navy Confiscates 40m Litres of Stolen Crude Oil, Diesel, Kerosene in Niger Delta
The Nigeria Navy said it confiscated 18 million litres of stolen crude oil, 23.5 million litres of Automotive Gas Oil (AGO) also known as diesel and 6.2 million litres of Dual… Read more »
Nigeria: N120bn CBN Intervention - Experts Seek Focus On Local Meter Manufacturing
Various stakeholders in the Nigerian power sector have lauded the intervention of the Central Bank of Nigeria (CBN) over its recent N120 billion intervention to close the wide… Read more »
October 02, 2022
Nigeria: Oil Mogul Mohammed Indimi in Debt Scandal
Billionaire businessman and Chairman Oriental Energy is well known as an oil magnate. He is known also for living a kingly life: driving expensive cars, globetrotting in private… Read more »
October 03, 2022
Nigeria: Major Oil Marketers Hail NNPCL's Acquisition of Top Downstream Company, OVH Energy Marketing
The Major Oil Marketers Association of Nigeria (MOMAN), an umbrella body of the largest downstream oil and gas companies in the country, has congratulated the Nigerian National… Read more »
September 30, 2022
Nigeria: Fidelity Bank, SMEDAN Sign MOU to Bridge $158.1bn SMEs Financing Gap
Fidelity Bank Plc and Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have signed a Memorandum of Understanding (MoU) to bridge $158.1billion Small and Medium… Read more »
Nigeria: NLNG Alerts Govt, Stakeholders On Export of Cooking Gas By Some Local Producers Despite in-Country Shortages
The Nigeria Liquefied Natural Gas (NLNG) Limited has drawn the attention of the federal government and other stakeholders to the export of Liquefied Petroleum Gas (LPG) commonly… Read more »
Nigeria: Next Administration Must Declare Emergency in Nigeria's Power Sector, Says Century CEO
Chief Executive Officer of Century Power Generation Limited, Dr Chukwueloka Umeh, yesterday said that the next administration in Nigeria must from its first day in office declare a… Read more »
Nigeria: NACCIMA Hails CBN's Resolve to Fight Inflation, Expresses Concern About High Cost of Fund
The National Association of Chambers of Commerce, Industries, Mines and Agriculture (NACCIMA) has tasked the Central Bank of Nigeria (CBN) to carry the organised private sector… Read more »
September 29, 2022
Nigeria: NNPCL Denies Disrespecting Senate, Disowns Offensive Letter With Panel
The Nigerian National Petroleum Company Limited (NNPCL) has disowned a letter allegedly written by it to the Senate Committee on Finance. Read more »
Nigeria: LPG Penetration - Govt, Indian Oil Firm, Others to Collaborate On Deployment of 20m Gas Cylinders Nationwide
The Nigerian National Petroleum Company Limited (NNPCL) and the Indian Oil Company (IOC) are in talks that may see the deployment of about 20 million gas cylinders to enhance the… Read more »
Nigeria: Shell Steps Up Fossil Fuels Divestment, Acquires Nigerian Firm in First African Renewables Deal
Royal Dutch Shell is set to purchase African solar provider, Daystar Power, as it expands its global renewables footprint and seek to work towards its carbon emission reduction… Read more »
Nigeria: N3.7trn Out of N9trn Intervention Funds Recovered, N5trn Not Due - CBN
The Central Bank of Nigeria (CBN) yesterday clarified that out of the N9 trillion interventions it had disbursed in critical sectors of the economy, about N3.7 trillion had so far… Read more »
September 28, 2022
Nigeria: Dilapidated Roads - House Urges Govt to Introduce Weigh-Bridge
To correct the incidences of dilapidated roads across Nigeria, the Chairman of House of Representatives Committee on Federal Road Maintenance Agency (FERMA), Hon. Femi Bamisile,… Read more »
Nigeria: NUPRC Begins Probe Into Nigeria's Oil Production Underperformance, Says Issues Deeper Than Oil Theft
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) last night said it was commencing a probe into Nigeria's perpetual crude oil underperformance, stressing that the… Read more »
September 27, 2022
Nigeria: CBN Raises MPR to 15.5%
The Central Bank of Nigeria (CBN) Tuesday raised the Monetary Policy Rate (MPR) by 150 basis points to 15.5 per cent from 14 per cent. Read more »
Nigeria: Shell's Nigerian Operations May Decline As Incoming CEO Set to Rev Up Renewables Drive
Shell's incoming Chief Executive, Wael Sawan, is set to accelerate the group's drive to build its renewable energy business, including through a possible "transformative" clean… Read more »
September 26, 2022
Nigeria: Flood - HYPPADEC Distributes Relief Materials to 113 Affected Communities, Tasks Govt On Sensitisation
The Hydroelectric Power Producing Areas Development Commission (HYPPADEC) has distributed relief materials worth millions of naira to victims of flood disaster in the 10 affected… Read more »