February 09, 2023
Nigeria: Nigeria's Domain Name Maintains Steady Growth, Reached 183,792 in December 2022
The latest statistics released by the Nigeria Internet Registration Association (NiRA), the body responsible for managing Nigeria's country code Top Level Domain (ccTLD), showed a… Read more »
Nigeria: Ways and Means - IMF Urges CBN to Stop Full Financing of Govt's Fiscal Deficits
The International Monetary Fund (IMF) has urged the Central Bank of Nigeria (CBN) to go beyond recent increases in the policy rate to implement additional actions, including fully… Read more »
Nigeria: Govt Blames Profiteers for Hike in Fuel Price
The federal government yesterday formally reacted to the increase in the price of petroleum products across the country and heaped the blame on the rush by petroleum marketers to… Read more »
Nigeria: CBN Directs Banks, Others to Guard Against Terrorism-Related Transactions
The Central Bank of Nigeria (CBN) has directed commercial banks, other financial institutions(OFIs) under its regulation and payment service providers to search through their… Read more »
Nigeria: Fuel Smuggling Won't Stop Until Nigeria Deals With Arbitrage - Kyari
Group Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mallam Mele Kyari, on Tuesday maintained that the massive smuggling of petrol outside Nigeria's… Read more »
Nigeria: NLC Will Lead Struggle Against Hardship Biting Nigerians - Ajaero
Newly elected president of the Nigeria Labour Congress (NLC), Mr. Joe Ajaero has pledged to reawaken the spirit of the labour movement to become the true champions of the Nigerian… Read more »
February 08, 2023
Nigeria: Supreme Court Temporarily Halts Govt From Banning Old Naira Notes
Adjourns till February 15 Read more »
Nigeria: Five Lagos Communities to Enjoy Solar Energy Soon
No fewer than 12,500 residents in five communities at the Epe axis in Lagos State would benefit from solar mini energy project embarked upon by the Lagos State Government; A4&T… Read more »
Nigeria: New Minimum Wage Possible Before May 2024 - Govt
The federal government has assured Nigerian workers that it would set in motion the process that would lead to the approval a new minimum wage to be implemented on or before May… Read more »
February 07, 2023
Nigeria: House Moves to Unravel Alleged 48m Barrels of Crude Oil Theft
Udora Orizu writes that members of the House of Representatives are putting relevant stakeholders on their toes, as they commence investigation into whistle-blower's allegation of… Read more »
February 06, 2023
Nigeria: $4.6m Debt - Lionstone Offshore Denies Indebtedness, Alleges False Representations
The Chairman and Chief Executive Officer of Lionstone Offshore Services Limited, Mr. Amaechi Ndili, has denied owing Hercules Offshore Nigeria Limited to the tune of $4.6 million. Read more »
February 07, 2023
Nigeria: Expected Nigeria's Oil Production Rebound Falters As OPEC Output Falls in January
Nigeria's oil production which began rebounding in November and December last year after a prolonged lull, stayed stagnant in January this year, a Reuters survey of activities in… Read more »
Nigeria: Outlook for Nigeria's Upstream Oil, Gas Sector Positive for 2023 - Report
Nigeria's oil and gas industry experienced historic crises throughout 2022 as the sector struggled with severe crude thefts and pipeline vandalism constraining output, but will do… Read more »
February 06, 2023
Nigeria: Manufacturing, Agriculture Record Fastest Increase in Production Cost in January - Report
The Purchase Manager Index (PMI) report of the Stanbic IBTC Plc showed that operational conditions in the Nigerian economy has resulted in the fastest input cost for operators in… Read more »
Nigeria: Niger Delta Elders Write Monguno Over Govt's Panel On Oil Theft
* Say Nigeria loses $1.9bn monthly Read more »
Nigeria: Analysts Express Concern Over Double-Dight Inflation On Investment
Analysts during the weekend x-rayed the state of Nigeria's double-digit inflation rate on investment in 2023, urging investors to utilize other opportunities in a tough business… Read more »
Nigeria: Govt Considering Fiscal Incentives to Boost Private Sector Investment in Education - Ahmed
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has said the federal government is currently working to create fiscal incentives to encourage private… Read more »
February 04, 2023
Nigeria: Financial Inclusion, Youth and the Future of Banking
The COVID-19 pandemic may have disrupted global systems across trade, finance, health, and education, over the last three years, but for financial inclusion, it was a significant… Read more »
February 03, 2023
Nigeria: NNPC - Lingering Fuel Scarcity Not Deliberate Attempt to Influence, Scuttle Elections
*Kyari insists there's no fuel shortage, only distribution issues Read more »
Nigeria: CBN Authorises Over-the-Counter Payment of New Naira Notes
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday directed deposit money banks (DMBs) to commence payment of the redesigned naira notes over the… Read more »
Nigeria: FAAN Moves to Make Nigeria Major Player in Cargo Freighting
Chinedu Eze Read more »
Nigeria: Govt, Daewoo Sign Deal for Maintenance of Kaduna Refinery for $740million
*NNPC says Port Harcourt refinery 64% completed Read more »
Nigeria: Thousands of Nigerians Join Landmark Lawsuit Against Shell in UK
More than 13,500 Nigerians joined their communities in a lawsuit against Shell Plc before a landmark UK trial that could have far-reaching implications for parent-company… Read more »
February 02, 2023
Nigeria: 2 Dead, Scores Trapped As Commercial Complex Collapses in Abuja
Two persons were feared dead while over 50 people were trapped when a two-storey commercial complex under construction, collapsed Thursday in Gwarinpa District of the FCT. Read more »
Nigeria: Digital Economy Sector Most Successful in Diversification of Nigeria's Economy - Buhari
President Muhammadu Buhari has declared that the digital economy sector has been the most successful in the diversification of the nation's economy, saving the federal government… Read more »