November 01, 2022
Nigeria: IEA - Renewable Energy Investment Needs to Triple, Hit $1.3trn By 2030 to Realise 2050 Goals
Investment in renewables must more than triple to $1.3 trillion annually by 2030 if the world is to reach net-zero emissions by 2050, the International Energy Agency (IEA) has said… Read more »
October 27, 2022
Nigeria: Tambuwal - NESG Helped Nigeria From Economic Drift
The National Economic Summit Group (NESG) has assisted the Nigerian economy in stemming its further drift into economic doldrums, the Chairman of the Nigeria Governors' Forum (NGF)… Read more »
Nigeria: In Ambush of Vote Buyers, Ransom Takers, CBN Voids Naira Notes By End of January
In an apparent move to tackle vote-buying and control the amount of money in circulation, the Central Bank of Nigeria (CBN) yesterday announced a redesign of the currency in the… Read more »
Nigeria: Restructuring - NNPC Changes NAPIMS to NUIS
In continuation of its ongoing restructuring and consolidation, the Nigerian National Petroleum Company (NNPC) Limited has changed the National Petroleum Investment Management… Read more »
Nigeria: MTN to Invest Over N65 Million in Nigerian Startups Through Grants
MTN is set to invest in Nigerian owned businesses through a campaign tagged: 'MTN PulseBlowMyHustle', which aims to economically empower Nigerian youths involved in scalable… Read more »
Nigeria: Govt Is Tackling Growing Inflationary Pressure, Says Finance Minister
The Minister of Finance, Budget and National Planning, Zainab Ahmed, yesterday said that mechanisms have been put in place to tackle the growing inflation in Nigeria. Read more »
Nigeria: Currency Depreciations Risk Intensifying Food, Energy Crisis in Nigeria, Other Developing Economies - World Bank
The shrinking value of the currencies of most developing economies like Nigeria, is driving up food and fuel prices in ways that could deepen the food and energy crises that many… Read more »
Nigeria: Telecom Professionals Optimistic Startups Act Will Boost ICT, Fintech Growth
Telecom professionals under the aegis of the Association of Telecommunications Professionals of Nigeria (ATPN) have expressed happiness over the Startups bill that was recently… Read more »
Nigeria: 30 Years of Consistent Investment Required to Control Flood Menace - Govt
The federal government has declared that it would take 30 years of consistent investment for the flood menace to be controlled in Nigeria. Read more »
October 26, 2022
Nigeria: eNaira Recorded N8bn Transactions in One Year - Emefiele
The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele yesterday disclosed that the country's digital currency, the eNaira recorded a total of N8 billion transactions in… Read more »
Nigeria: Transparency Crucial for Nigeria to Maximise Benefits From Oil & Gas - IMF
The International Monetary Fund (IMF) has insisted that for Nigeria to benefit from the oil and gas sector with the newly restructured Nigerian National Petroleum Company (NNPC),… Read more »
Nigeria: Foreign, Domestic Investors' Stake in Stock Market Down 33.94% On Global Economic Headwinds
Influenced by global and domestic challenges, domestic and foreign investors reduced their portfolios in the Nigerian equities market by 33.94 per cent in September to N81.90… Read more »
October 25, 2022
Nigeria: Brain Drain - 10,296 Nigerian Doctors Practice in UK, NMA Laments
The Nigerian Medical Association (NMA), has regretted that the menace of brain drain has been killing the country's health sector, revealing that about 10,296 doctors now practice… Read more »
October 24, 2022
Africa: IFC - Nigeria to Get $70bn Share of $1trn Climate Change Investment Opportunity in Africa
The International Finance Corporation (IFC), an arm of the World Bank Group, has disclosed that Nigeria would get about seven per cent share of the $1 trillion climate change… Read more »
Nigeria: AfDB Plans $1.5bn Green Facility to Meet Demand for Funds to Develop Clean Energy
The African Development Bank (AfDB) is setting up a $1.5 billion green finance facility to help meet surging demand for money to develop clean energy and defend infrastructure… Read more »
October 21, 2022
Nigeria: Relief As Shell Resumes Crude Oil Export At 400,000bpd Forcados Terminal
Hope for the addition of 500,000 barrels per day (bpd) of crude oil to Nigeria's daily output by the end of November to earn more revenue to finance the 2023 budget, has risen as… Read more »
October 20, 2022
Nigeria: NCC Directs MTN, Airtel to Reverse Hike in Telecom Tariff
The Nigerian Communications Commission (NCC) has ordered MTN and Airtel to immediately reverse the hike in their data tariff plan which they implemented on their respective… Read more »
Nigeria: Nigeria's Fuel Consumption Will Decline When There's No Incentive for Excess Use - Kyari
Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mallam Mele Kyari has said that the current petrol consumption in the country will decline when… Read more »
Nigeria: How Pinnacle's $1bn Offshore Subsea Petroleum Terminal Will Address Govt's N5bn Daily Loss in Apapa
The federal government's revenue is about to receive a major boost as Nigeria's first offshore subsea bi-directional petroleum products intake and offtake terminal built by… Read more »
Nigeria: Mobile Payments Surge As Cheque Transactions Slide From 10.8m to 4.5m in 5 Years - Report
The State of Enterprise (SOE) Report 2022 has revealed that financial transactions on mobile payment system grew by 5,455 per cent in Nigeria between 2017 and 2021, while cheque… Read more »
Nigeria: AfDB, FCMB Sign $50m Agreement to Enhance Access to Finance for SMEs
The African Development Bank (AfDB) has signed a $50 million Line of Credit Agreement with First City Monument Bank (FCMB) to support access to finance for Small and Medium-sized… Read more »
October 18, 2022
West Africa: Buhari Calls For Investment In STI To Drive Industrialisation In West Africa
Nigeria and other West African countries need more investment in Science Technology and Innovation (STI) to drive the industrialisation process in the region, President Muhammadu… Read more »
Nigeria: No Plan To Privatise Nigeria's Transmission Firm - Govt
The ministry of power has said there is no plan to sell the Transmission Company of Nigeria (TCN), urging the public to disregard any statement regarding a 'non-existing' plan to… Read more »
Nigeria: FAO Calls For Increased Investments In Agriculture, Resilient Agrifood Systems
The Food and Agriculture Organisation (FAO) has urged governments across the globe to prioritise increased investments into the agricultural sector and resilient agrifood systems. Read more »
Nigeria: Higher Food, Commodity Prices Push Inflation Further To 20.77 Percent
The Consumer Price Index (CPI) which measures the rate of change in prices of goods rose to 20.77 per cent in September 2022, compared to the 20.52 per cent recorded in August… Read more »