September 08, 2022
Nigeria: Nigeria May Begin Supply of More Gas to Europe By March 2023, Says Sylva
Nigeria will be able to send more Liquefied Natural Gas (LNG) to Europe by next winter, Minister of State , Petroleum, Timipre Sylva said on Wednesday at the Gastech conference in… Read more »
Nigeria: Local Oil Refiners Seek CBN, NNPC's Intervention to Address Funding, Feedstock Challenge
Indigenous oil refiners under the aegis of Oil Refiners Association of Nigeria (CORAN) have appealed to the Central Bank of Nigeria (CBN) to create crude refinery intervention fund… Read more »
September 07, 2022
Nigeria: Spiraling Debts As Fiscal Woes for Next Administration
Nume Ekeghe and James Emejo writes on the country's controversial public debt stock that has been on the increase since 2015 and its lack of impact on key macroeconomic indicators Read more »
September 06, 2022
Nigeria: Renewed Fight Against Crude Oil Theft Has Denied Criminals N30bn Stolen Products - Navy
The Nigerian Navy's renewed fight against crude oil theft through the ongoing Operation Dakatar Da Barawo has denied criminals over N30 billion stolen products from illegal… Read more »
Nigeria: Banks' Total Asset Grew By 22.07 Percent to N65trn in June - CBN
The Deputy Governor, Financial System Stability Directorate of the Central Bank of Nigeria (CBN), Mrs. Aisha Ahmad and the Deputy Governor, Economic Policy Directorate, CBN, Dr.… Read more »
Nigeria: Nigeria, Ghana, Others Fintech Sales to Surge to $30.3bn By 2025 - Mckinsey
Africa's financial-technology company revenue may soar to $30.3 billion by 2025, eight times higher than in 2020, as a growing, young and under-banked population gets more access… Read more »
Nigeria: Manufacturing Declines As Economy Witnessed Highest Inflationary Pressure in August - Report
Economic activities in the manufacturing sector of the Nigerian economy experienced a fall in output levels in August as the productivity of the Nigerian private sector reduced… Read more »
Nigeria: Again, Nigeria Loses 7.56m Barrels of Crude Oil to Shut-Ins, Facilities' Failures, Others
The Nigerian economy continued to bleed from shut-in of crude oil production as a result of vandalism, workers' strikes, depreciating upstream infrastructure as well as force… Read more »
September 05, 2022
Nigeria: Nigeria's Average Daily Petrol Supply Is 68 Million Litres, NNPC Clarifies
In response to the alleged inflation of petrol imports and consumption in Nigeria, the Nigerian National Petroleum Company (NNPC) Limited has insisted that average petrol supply in… Read more »
Nigeria: Why PIA Implementation Will Reduce Revenues to States, Local Govts By 15% - Kachikwu
A former Minister of State, Petroleum Resources, Dr. Ibe Kachikwu, has urged Nigerians to prepare for the immediate impact of the implementation of the Petroleum Industry Act… Read more »
Nigeria: Nigeria to Reap Billions of Dollars From Creditors in Debt-for-Climate Swap Proposal - Osinbajo
The Vice President, Prof. Yemi Osinbajo has disclosed that Nigeria would reap a huge debt relief from some creditors running into billions of United States dollars when the… Read more »
Nigeria: As Nigeria's Economic Woes Persist, Stock Market Depreciates By N1.69trn in 3 Months
As Nigeria continue to grapple with economic challenges, the equities market has maintained a downward slide with investors' wealth dwinddling by a whopping N1.69 trillion in just… Read more »
September 04, 2022
Nigeria: Nigeria to Reap Billions of Dollars From Creditors in Debt-for-Climate Swap Offer - Osinbajo
Vice President Yemi Osinbajo has disclosed that Nigeria will reap a huge debt relief from some creditors running into billions of US dollars when the nation's idea for a… Read more »
Nigeria: Technology Key to Curbing Corruption, Illicit Financial Flows - ICPC
The Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanoye, (SAN), has identified the deployment of technology as… Read more »
September 02, 2022
Nigeria: Nigeria's Total Debt Profile Now N41.60trn, Says DMO
The Director-General of the Debt Management Office (DMO), Mrs. Patience Oniha yesterday confirmed that Nigeria's total debt profile as at March, 2022 stood at N41.60 trillion. Read more »
Nigeria: U.S. Launches $48.8m Investment in Education
United States has launched a $48.8 million investment in Nigeria's education. Read more »
Nigeria: World Bank, Katsina to Construct 800kms of Rural Roads
The Katsina State Government in collaboration with the World Bank has announced plan to construct and upgrade 800 kilometers of rural roads under the state's Rural Access and… Read more »
Nigeria: Osinbajo Meets World Bank President in Washington, Seeks Support to End Petrol Subsidy, Others
The World Bank Group President, David Malpass yesterday met with Vice President, Prof.Yemi Osinbajo as part of efforts to seek the multilateral institution's support to end petrol… Read more »
Nigeria: NNPCL's Total Outstanding Petrol Subsidy Debt Hits N1.04trn, N448.7bn Deducted in July
With total spending on the controversial petrol subsidy now exceeding oil revenue, the Nigerian National Petroleum Company (NNPCL) outstanding debt on what it terms under-recovery… Read more »
Nigeria: NCAA Insists On Safety, Moves to Stabilise Airline Operations Amid Mounting Challenges
As Nigerian airlines continue to suffer economic decline, as a result of growing challenges emanating from high price of aviation fuel, naira depreciation, high cost of maintenance… Read more »
September 01, 2022
Nigeria: Govt Misses Oil Revenue Target, Generated N799.10bn in Q1 - Central Bank
The Central Bank of Nigeria (CBN) yesterday disclosed that the country generated a total of N799.10 billion in crude oil sales in the first quarter of the year (Q1 2022). Read more »
Nigeria: Emirates Airlines Restores Lagos Flight Operations
Emirates Airlines has announced that it would restore its flight operations to Lagos from September 11, 2022. Read more »
Nigeria: Geometric Power Says, It Suffers N100m Monthly Energy Theft
The Aba Power Limited (APL), a subsidiary of Geometric Power has cried out that it has been losing over N100 million monthly to 14 communities in Obingwa Local Government Area of… Read more »
August 30, 2022
Nigeria: State Varsity Pro-Chancellors Descend On ASUU Over Osodeke's Comment
The Committee of Pro-Chancellors of State-owned Universities (COPSUN) yesterday frowned at a recent remark by the President of the Academic Staff Union of Universities (ASUU),… Read more »
Nigeria: Consumer Rights Group Kicks Against Proposed Sale of NIPP/NDPHC Power Plants
The Nigeria Consumer Protection Network (NCPN) yesterday argued that the proposed sale of the five National Integrated Power Projects (NIPP) assets by the Bureau of Public… Read more »