April 12, 2023
Nigeria: Despite Court Order, AMCON Denies Arik Air Founder, Arumemi-Ikhide Entry to Company's Premises
The Asset Management Corporation of Nigeria (AMCON) yesterday denied the Founder and Chairman of Arik Air Limited, Joseph Arumemi-Ikhide access to the company's head office at the… Read more »
April 11, 2023
Nigeria: Buhari Approves Free Trade Zone Status for Ekiti Knowledge Zone
President Muhammadu Buhari has approved the request of the Minister of Industry, Trade and Investment, Adeniyi Adebayo, seeking a free zone status for Ekiti Knowledge Zone. Read more »
Nigeria: IMF, World Bank Urge Nigeria to Provide Targeted Financing to SMEs
The President of the World Bank Group, David Malpass and Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva stressed the need for policy makers in… Read more »
Nigeria: Benin Port Project - Edo Govt, NPA, BPE, ICRC, Others Complete Request for Qualification Exercise
To fast-track the development of the Benin Port Project, the project delivery team has completed the Request for Qualification (RFQ), which sets actions in motion to accelerate the… Read more »
Nigeria: Nigeria Can Earn Over $2.7bn Annually From Cashew Production - Group
The President, National Cashew Association of Nigeria (NCAN), Mr. Joseph Ajanaku, has stated that Nigeria could earn over $2.7 billion on annual basis by increasing its production… Read more »
Nigeria: Govt Returns to Coal Exploration Despite 2060 Carbon Emissions Pledge
Despite its net-zero carbon emissions pledge by 2060, the federal government has signalled the return of coal mining in the country, with the putting up for sale of five coal… Read more »
Nigeria: Activists Accuse Shell of Causing Delay in Oil Spill Lawsuits in London
Shell Plc is attempting to shield itself from scrutiny over pollution in Nigeria's oil-producing Niger Delta, lawyers representing more than 13,000 Nigerians have argued at a… Read more »
April 10, 2023
Nigeria: Govt, Two Others Sign Agreement for Reconcessioning of Lagos Trade Fair Complex
The Bureau of Public Enterprises (BPE) has signed a tripartite agreement with Portman Freight Services Limited and Lagos International Trade Fair Complex (LITFC) to lease a portion… Read more »
Nigeria: With 89 Expected Assets, Nigeria to Top Africa's Upcoming Oil, Gas Projects By 2027
With 89 assets under construction, spanning the upstream, midstream and downstream of the oil and gas sector in Africa, Nigeria will between 2023 and 2027 top the continent's… Read more »
Nigeria: Govt to Support Imo State University of Agriculture With Grants, Farm Equipment
The Minister, Federal Ministry of Agriculture and Rural Development, Dr. Mohammad Mahmood Abubakar, has pledged to support the Imo State University of Agriculture and Environmental… Read more »
April 07, 2023
Nigeria: How Foreign Airlines Partly Repatriated $802m 'Trapped Funds' From Nigeria
Despite claims in some quarters that foreign airlines may soon shutdown operation in Nigeria as a result of 'trapped funds,' it has emerged that that many of the airlines have… Read more »
Nigeria: Govt Laments Only 30% of Women in Technology Industries
The federal government has expressed dissatisfaction over the poor number of women in innovation and technology, lamenting that only 30 per cent of the technological space are… Read more »
Nigeria: Only Investment in Human Capital Can Bring Development to Nigeria - Obi
*Says his commitment to societal development remains unchanged Read more »
Nigeria: Nigeria's Growth Recovery Still Fragile As Oil Production Remains Subdued - World Bank
The World Bank yesterday declared that Nigeria's 2.8 per cent projected growth recovery for 2023 was still fragile as oil production remains subdued, despite rallying to over 1.6… Read more »
Nigeria: Kyari to IOCs - If You Walk Away, We Will Stay to Explore Our Resources
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mallam Mele Kyari, yesterday told International Oil Companies (IOCs) that Nigeria would… Read more »
Nigeria: Emefiele-Led CBN As Pillar of Nigeria's Economic Diversification Drive
Mohamed El-Erian, who served as chair of President Barrack Obama's Global Development Council, highlighted challenges that confront central banks globally in his book titled "The… Read more »
Nigeria: $800m World Bank Support - NECA Urges Govt to Prioritise Fixing Refineries Above Sharing Palliatives
The Nigeria Employers' Consultative Association (NECA) has called on the federal government to prioritise fixing the country's comatose refineries instead of the proposed sharing… Read more »
April 06, 2023
Nigeria: Dangote, Rabiu, Adenuga, Make Forbes Billionaires' List
Forbes has listed three Nigerians, Aliko Dangote, Abdul Samad Rabiu, and Mike Adenuga among the billionaire businessman and philanthropists rating in the Forbes billionaires list… Read more »
Nigeria: Peter Obi Under Pressure to Leave Nigeria, Says Labour Party
Labour Party, yesterday, raised the alarm over the continued pressure from concerned Nigerians and family members of its presidential candidate in the February 25 presidential… Read more »
April 05, 2023
Nigeria: Unions Threatens to Resume Strike in Imo State
Organised labour under the auspices of the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC ) warned that its members may be forced to resume the suspended strike in Imo… Read more »
April 04, 2023
Nigeria: NCDMB Performs Groundbreaking for Construction of $7.04bn Pipe Manufacturing Plant in Bayelsa
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Mr. Simbi Wabote has performed the groundbreaking ceremony of a $7.04 billion pipe… Read more »
Nigeria: NMDPRA Moves to Regularise About 1,000 Unlicensed Petroleum Retail Outlets
In a review of its method of clamping down on illegal filling stations operating in Nigeria, which it put at about 1,000, the Nigerian Midstream and Downstream Petroleum Regulatory… Read more »
Nigeria: Nigeria Under-Produces OPEC's Crude Oil Quota By 30.6m Barrels in Two Months
Nigeria, Africa's biggest crude producer, drilled 30.6 million less barrels of oil in January and February compared to the quota allocated to the country by the Organisation of… Read more »
April 03, 2023
Nigeria: Nigeria's Oil Production Was OPEC's Biggest Increase in March - Reuters Survey
Nigeria's crude oil production for March 2023 edged up to about 1.6 million barrels per day (mbpd), with the country recording the biggest Organisation of Petroleum Exporting… Read more »
April 02, 2023
Nigeria: Olu of Warri Lauds Sahara Group for Ajoki's 24-Hour Power Supply
The Olu of Warri, Ogiame Atuwatse III, has commended leading energy and infrastructure conglomerate, Sahara Group, for accelerating sustainable development in Ajoki community in… Read more »