March 16, 2023
Nigeria: Hope Rises for Nigeria As Shell Lifts Force Majeure On 250,000bpd Bonny Export Terminal
The Shell Petroleum Development Company of Nigeria Limited (SPDC) said it has lifted the force majeure on its 250,000 barrels per day (bpd) Bonny export terminal with effect from… Read more »
March 15, 2023
Nigeria: Govt Delays Its First Census in 17 Years
Nigeria's 2023 population and housing census earlier scheduled for end of this month has been shifted to May, 2023. Read more »
Nigeria: OPEC Confirms Nigeria's 1.3 Million Bpd February Crude Oil Output
·Moody's places six US banks on potential rating downgrades Read more »
Nigeria: Banks Begin Dispensing of Old N500, N1, 000 Notes Via ATMs, Over-the-Counter
Following a Central Bank of Nigeria (CBN) directive on Monday that the old N500 and N1, 000 remain legal tender in line with a Supreme Court ruling, banks have started dispensing… Read more »
March 14, 2023
Nigeria: Osinbajo Launches $600m Programme for Young Nigerians in Technology, Creative Sectors
Vice President Yemi Osinbajo, SAN on Tuesday launched a $600 million programme for young Nigerians in the technology and creative sectors with a call on African governments and the… Read more »
March 13, 2023
Nigeria: NLC Gives Govt 7-Day Ultimatum to End Currency Drought or Face National Strike
Organised labour under the auspices of the Nigeria Labour Congress (NLC) has given the federal government one week ultimatum to resolve the issues causing the prolonged scarcity of… Read more »
Nigeria: Nigeria's Signature Bank - We Have No Affiliation With Collapsed New York Financial Institution
Nigeria's Signature Bank Limited on Monday clarified that it does not have any affiliation with Signature Bank, New York, that was shut down by United States financial regulators… Read more »
Nigeria: As Nigeria Struggles With Crude Theft, Saudi Aramco Posts Record $161bn Profits
Saudi Aramco yesterday announced record profits of $161 billion from its 2022 operations as the largely state-owned oil company cashed in on a tumultuous year in energy markets… Read more »
March 12, 2023
Nigeria: Lagos Train Accident - Bus Driver Apologises, Begs for Forgiveness
After currying blame for the incident that led to the bus-train collision at the PWD by Shogunle railway line, on the Agege Motor road, Lagos on Thursday, driver of Lagos State… Read more »
Nigeria: Nigeria's Annual Trade Volume Rises to Near Pre-Covid Level
The 169 per cent year-on-year increase in trade surplus recorded by the federal government for 2022 has almost put Nigeria's annual trade volume at the positive threshold of the… Read more »
March 11, 2023
Nigeria: Train Accident - Sanwo-Olu Pays Condolence Visits to Deceased Families
Lagos State Governor, Mr. Babajide Sanwo-Olu, yesterday paid condolence visit to families of the Lagos State Government staff, who were involved in the train accident that claimed… Read more »
March 10, 2023
Nigeria: Naira Redesign - CBN Urged to Address Technology Fundamentals to Reduce Impact of Nigerians
The Central Bank of Nigeria (CBN) has been advised to implement adequate national technology backbone and other fundamental measures to alleviate the adverse impact of the Naira… Read more »
March 09, 2023
Nigeria: Yet Another Pipeline Explosion
The Rumuekpe tragedy is one too many Read more »
March 08, 2023
Nigeria: Adjusting to Reality of Cashless Economy
James Emejo writes that the CBN's cashless policy bolstered by the recent redesigning of the Naira may have come to stay, ushering in a new dawn for electronic payment in the… Read more »
March 07, 2023
Nigeria: Shell CEO Says Cutting Oil and Gas Production 'Not Healthy'
Shell Plc's new boss, Wael Sawan, has said that cutting oil and gas output would be bad for consumers, echoing a pivot by other major producers toward fossil fuels and energy… Read more »
March 06, 2023
Nigeria: Millions of Out-of-School Children Are in Poverty-Stricken, Conflict-Ridden Areas, Says Group
A civil society organisation, Brain Builders Youth Development Initiative (BBYDI) has said that millions of children in Nigeria who are out of school are mostly children living in… Read more »
Nigeria: $176bn Revenue At Risk As Huawei Moves to Sue Govt in London Over $304m e-Customs Project
Huawei Technologies, one of the Special Purpose Vehicle (SPV) partners in the disputed $304 million e-Customs project, would next month sue the Nigerian government in London, over… Read more »
March 03, 2023
Nigeria: Abia Lawmaker Writes Ikpeazu, Seeks Explanation On N27.4 Billion World Bank Funds for Aba Roads
After months of haranguing over the alleged misappropriation of the N27.4 billion World Bank funds, a member of the Abia State House of Assembly, Hon. Obinna Ichita, has formally… Read more »
Nigeria: Trade Balance Declines From U.S. $50 Million to U.S.$$20 Million
The modest gains in oil production was unable to lift Nigeria's trade balance as the country's balance of trade position has reversed from surplus to deficit. Read more »
Nigeria: Buhari Directs Power Ministry, Relevant Agencies to Make Affordable Electricity Available to Nigerians
President Muhammadu Buhari yesterday gave a presidential order to the Ministry of Power and other relevant agencies to ensure that Nigerians have access to affordable electricity. Read more »
Nigeria: NLC Condemns Planned Concession of Airports, Supports National Carrier
President of the Nigeria Labour Congress (NLC), Comrade Joseph Ajaero has said the body is fully in support of the national carrier project, while condemning federal government's… Read more »
March 01, 2023
Nigeria: Analysts Predict End to Cash Crunch After the General Elections
Analysts have predicted that the nationwide cash crunch following the Central Bank of Nigeria (CBN) naira redesign policy would subside post presidential and national assembly… Read more »
February 28, 2023
Nigeria: Tougher Times for Nigerians As Kerosene Price Rises By 163%, Petrol By 54%
There appears to be no respite for Nigeria's poor and vulnerable whose main source of cooking fuel is kerosene, with the price of the product rising by a whopping 163 per cent… Read more »
February 27, 2023
Nigeria: Why Nigeria's Oil Sector Will See Significant Growth in 2023 - Anderson
*Predicts devaluation of the naira to close gap between black market, official rates Read more »
February 23, 2023
Nigeria: NLC Directs Workers Nationwide to Vote for Obi, Labour Party Candidates On Saturday
-Rivers AA guber candidate, campaign organisation endorse Obi Read more »