January 03, 2023
Nigeria: Nigeria's Agricultural Sector Surged By 18.33% in Three Quarters of 2022
Despite incidents that shaped the nation's agricultural sector, the food sector witnessed significant growth that ushered fresh hope for farmers in 2023. Read more »
Nigeria: 27 Days to Retirement of Old Naira Notes, Central Bank Urged to Intensify Awareness
Barely 27 days to the deadline issued by the Central Bank of Nigeria (CBN) for the return of the old N200, N500, and N1, 000 banknotes following the currency redesign programme,… Read more »
Nigeria: TUC Laments Sufferings, Hardship in Nigeria
The Trade Union Congress (TUC) has said Nigerians have been facing severe hardship with the hyper-inflation in the country. Read more »
December 30, 2022
Nigeria: Stakeholders - Nigerian Airlines Need Local Mro in 2023 to Improve Capacity, Reduce Expenditure
With the dawn of a new year in the next 48 hours, aircraft engineers in the Nigerian aviation industry have said the greatest gift that could be given to domestic carriers is to… Read more »
Nigeria: 31-Year-Old Nigerian Iyin Aboyeji On Billionaires' Lane With Elon Musk, Others
Chido Nwangwu writes that Nigerian born US based IyinAboyeji is listed as one of the 62 global business founders that have established two unicorns Read more »
Nigeria: Govt Urged to Initiate Reforms to Boost Power Sector, Implement PIA in 2023
The Centre for the Promotion of Private Enterprise (CPPE) has called on the federal government to commence economic reforms that would consolidate the power sector reform and… Read more »
Nigeria: Edo State Governor Links Unemployment, Poverty to Nation's Import-Dependency
The Edo State Governor, Mr. Godwin Obaseki, has attributed the worsening unemployment and poverty in the country to bad economic policies by leaders and the nation's over… Read more »
December 29, 2022
Nigeria: ASUU Strike - Lawmakers Knock Osodeke Over Allegation of Deception Against Gbajabiamila
The House of Representatives has frowned at the claim by the President of the Academic Staff Union of Universities (ASUU), Prof. Emmanuel Osodeke that the Speaker, Hon. Femi… Read more »
Nigeria: Power Sector Now Worse Than I Left It in 2020, Says Former TCN CEO
In a major outburst yesterday, an erstwhile Managing Director/Chief Executive Officer of the Transmission Company of Nigeria (TCN), Dr Usman Mohammed, yesterday maintained that… Read more »
Nigeria: How Telecom Impacted Nigerian Economy in 2022
Emma Okonji writes about the impact of telecom services on the Nigerian economy in 2022, despite the many challenges it faced. Read more »
Nigeria: Inflation, Low Oil Production Bane of Nigeria's Economy in 2022
Ugo Aliogo examines the effect of inflation and low oil production on the Nigerian economy, among other developmental issues that shaped the year 2022 Read more »
December 28, 2022
Nigeria: House Passes 2023 Budget, Raises Figure to N21.82trn
The House of Representatives on Wednesday passed the 2023 appropriation bill, raising the N20.51 trillion budget presented by President Muhammadu Buhari to N21.82 trillion. Read more »
Nigeria: Senate Approves Buhari's Fresh N819.54bn Domestic Loan Request for Capital Projects
The Senate on Wednesday approved President Muhammadu Buhari's request of N819.54bn domestic loan meant to fix the infrastructure destroyed by floods across the country. Read more »
December 29, 2022
Nigeria: Old Naira Notes - Senate Asks Central Bank to Shift Deadline to June 30
Following the redesigning of the N200, N500 and N1,000 banknotes, the Senate in a unanimous resolution yesterday urged the Central Bank of Nigeria (CBN) to extend the deadline for… Read more »
December 28, 2022
Nigeria: Economist Intelligence Unit Predicts Official Naira Rate to N470/$ End of 2023
The Economist Intelligence Unit (EIU), has predicted that the value of the naira will continue to depreciate, gradually falling to an official rate of N470 to $1 by the end of… Read more »
Nigeria: Return of Chinese, India's Appetite for Nigerian Crude Key to Oil Price Stability in 2023 - Report
The return of Chinese and Indian appetite for Nigeria's and other West African countries' crude oil grades could to some extent play a critical role in determining the price of the… Read more »
Nigeria: Fitch Predicts Slow Economic Growth for Nigeria in 2023, to Rise to 3.3% in 2024
The Nigerian economy will continue to slump in 2023 due to activities leading to the general elections next year, but would likely pick in 2024, with growth rising to 3.3 per cent,… Read more »
Nigeria: Mass Exodus of Workers Hit Niger State Health Sector
A mass exodus of personnel has been reported in the Niger State health sector. Read more »
Nigeria: Lack of Funds, Technology, Bane of Nigeria's Research, Devt, Innovation, Says Oyelaran-Oyeyinka
The Senior Special Adviser to the President on Industrialization, African Development Bank, Prof. Oyebanji Oyelaran-Oyeyinka has expressed concern about the country's weak… Read more »
December 27, 2022
Nigeria: We"ll Increase Salary of Civil Servants in 2023 - Govt
The federal government has raised the hope of public and civil servants as it has promised to make a pronouncement soon on salary increase to cushion the effect of the high… Read more »
December 24, 2022
Nigeria: Oil Spills - Shell Set to Pay $16M Compensation to Niger Delta Farmers
Shell Petroleum Development Company (SPDC) yesterday announced that it would pay €15 million to farmers in three Niger Delta communities as compensation for damages to their… Read more »
December 27, 2022
Nigeria: Nigeria Underproduced 2022 Crude Oil Projection By 263 Million Barrels in 11 Months
-Data show country barely drilled 60% of 1.88 million bpd budget benchmark Read more »
Nigeria: Traders Seek Urgent Govt Intervention On Road Infrastructure
The Association of Progressive Traders (APT) of Nigeria, has called on the federal government to urgently intervene on the state of the road infrastructure around the trade fair… Read more »
Nigeria: Lekki Port to Commence Full Commercial Operation to Q1 2023
The Managing Director, Lekki Port LFTZ Enterprise Limited (LPLEL), Mr. Du Ruogang, has announced that the $1.5 billion newly completed Lekki Deep Sea Port is ready for official… Read more »
Nigeria: 2022 - Underwhelming Year for Nigeria's Oil, Gas Industry
Marked by huge challenges, the outgoing year was one in which the oil and gas industry in Nigeria failed to impress on all fronts... well, almost. Read more »