January 20, 2023
Nigeria: Climate Investment - Nigeria, China, Others May Lose U.S.$377 Billion GDP Growth
Failure to invest the bare minimum needed to withstand projected climate damage could cost China, Nigeria and other emerging markets a whooping $377 billion in climate damages and… Read more »
Nigeria: Airlines - Retarded By Obsolete Airport Infrastructure
Nigerian domestic carriers are set to bring in new aircraft, increase their fleet, but the challenge they face is that airport facilities are not expanding to accommodate more… Read more »
Nigeria: Naira Redesign - CBN May Increase Money Supply to Boost Availability of New Banknotes
The Central Bank of Nigeria (CBN) yesterday said it would take appropriate measures where necessary to increase money supply in order to boost the availability of the redesigned… Read more »
Nigeria: Govt Revoked 3,400 Mining Licences in One Year
The federal government has disclosed that 3,400 mining licenses were revoked within one year with a promise to revoke other unutilised mining titles in 2023. Read more »
January 19, 2023
Nigeria: CBN Steps Up Nationwide Awareness Campaign On Naira Redesign Project
The Central Bank of Nigeria (CBN) yesterday continued with its nationwide sensitisation and public enlightenment exercise on its naira redesign project as the January 31, 2023… Read more »
Nigeria: At WEF, Okonjo-Iweala Says Future of Trade Is 'Digital, Green and Inclusive'
The World Trade Organisation (WTO) and others have warned that deglobalisation would negatively impact the world and especially emerging economies. Read more »
Nigeria: Emefiele Appeals Against Summon in $53m Judgement Debt Suit
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has appealed against the judgment of a Federal High Court, Abuja, which compelled him to appear before the… Read more »
January 18, 2023
Nigeria: $53m Debt - Emefiele Appeals Against Summons
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has appealed against the judgment of a Federal High Court, Abuja, which compelled him to appear before the… Read more »
January 19, 2023
Nigeria: Weak Responses to Cybersecurity, Obsolete Computing Resources, Others Will Heighten Cyber Threats in 2023 - Report
The latest report released by Cyber Security Experts Association of Nigeria (CSEAN), has forecasted increase in cyber threats in 2023 in Nigeria, which is an election year. Read more »
January 18, 2023
Nigeria: AfCFTA - Govt Calls for Trade Liberalization, Inter-Regional Synergy to Reap Benefits
President Muhammadu Buhari, has called for trade liberalization and deepening in inter-regional synergy to reap the benefits of the African Continental Free Trade Agreement… Read more »
Nigeria: Addressing Food Crisis Will Boost Jobs, Health, Climate Goals - Report
A new report has established that early mover countries could accelerate the food systems transformation, boost job opportunities as well as meet targets on health and climate. Read more »
Nigeria: Despite Liquidity Squeeze, CBN Raises N4.74trn From Treasury Bills in 2022
Despite liquidity squeeze in the economy, the Central Bank of Nigeria (CBN) raised a total of N4.74trillion via Nigerian Treasury Bills (NTB) in 2022, representing a decline of… Read more »
Nigeria: Cash Withdrawal Limit - Banks Suspend Transactions Via Naira Credit, Prepaid Cards
In compliance with the Central Bank of Nigeria's (CBN) currency redesign and cash withdrawal policy that limited withdrawals across all channels to N500,000 weekly, banks have… Read more »
Nigeria: Nigeria Has Enough External Reserves to Withstand Global Recession, Shocks - Govt
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, yesterday admitted that although the projected global economic recession for 2023 appeared inevitable,… Read more »
January 17, 2023
Nigeria: Seven Deep Offshore Mini-Bid Winners to Be Announced in Next Four Months - NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday announced that in the next four months, winners of the mini-bid for deep offshore licensing round would be… Read more »
Nigeria: With Enterprising Young People, Nigeria Won't Lag Behind in Technology - Osinbajo
The Vice President, Prof. Yemi Osinbajo has declared that with the rapid growth of innovation and technology recorded globally over the years, there are more exciting new frontiers… Read more »
Nigeria: Nigeria's Projected Crude Oil Production Short By 283m Barrels, $24.5bn Revenue in 2022
Nigeria's crude oil production when put side by side its expected output of 1.88 million barrels per day in 2022, was short by a whopping 283 million barrels, amounting to roughly… Read more »
January 16, 2023
Nigeria: Increased Spending, Energy, Production Costs Drive Inflation to 21.34%
The Consumer Price Index (CPI) which measures the rate of change in prices of goods and commodities increased by 5.72 per cent to 21.34 per cent year on year in December compared… Read more »
Nigeria: NGX to Review 2022 Market Performance, Provide 2023 Outlook
The Nigerian Exchange Limited (NGX) has said that it will host the 2022 Market Recap and 2023 Outlook event Wednesday, January 25, 2023. Read more »
Africa: Rabiu Becomes Fourth Richest Man in Africa
Founder/Chairman, BUA Group, Abdul Samad Rabiu has claimed the title of Africa's fourth-richest man, displacing Egypt's richest person, Nassef Sawiris. This is coming months after… Read more »
Nigeria: How Govt Spent $14.37bn to Service World Bank, Other Debts in 8 Years
Amid fears that debt services and payments is constituting a major threat to Nigeria's economy, it has emerged that the federal government spent a whooping $14.37billion in eight… Read more »
Africa: Kyari Foresees Sustained Rise in Oil Demand With Economic Growth in Africa, Reopening in China
*Says Nigeria planning output hike to feed revamped refineries Read more »
January 15, 2023
Nigeria: Oil Theft - Investigative Panel Vows to Expose Perpetrators
The Chairman of the Special Investigative Panel on Crude Oil Theft/Losses, Maj Gen Barry Ndiomu (rtd), has said that the panel will not be afraid to identify and expose those… Read more »
January 14, 2023
Nigeria: Again, Retirees Protest in Niger State
For the seventh time in a spate of six months scores of retirees have protested in Minna, the Niger State capital, asking the state government to pay their pensions and gratuities… Read more »
January 06, 2023
Nigeria: NGO Seeks Free Internet Access to Maximise Benefits of Education Technology in Nigeria
A non-governmental organisation based in Kwara State, Brain Builders Youth Development Initiative (BBYDI), has said free internet access remained a strategy to enhance and maximize… Read more »