October 10, 2022
Nigeria: E-Payment Transactions Decline to N32.84trn On Network Glitches, Worsening Economic Downturn
Banks network malfunction, among other factors, contributed to N396.18billion or 1.19 per cent decline in Nigeria Inter-Bank Settlement Systems (NIBSS) Instant Payment Platform… Read more »
Nigeria: Subsidy Removal - Senators Disagree With Buhari, Insist On December 2023 As Deadline
Senators across political party lines have said the National Assembly would not pass the proposal on petrol subsidy removal as presented by President Muhammadu Buhari in order not… Read more »
Nigeria: Hope Rises for Oil Production As NNPC Winds Up Repair of 180,000 Bpd Tnp Line in Niger Delta
The Group General Manager of the National Petroleum Investment Management Services (NAPIMS), Mr Bala Wunti, at the weekend announced that the Nigerian National Petroleum Company… Read more »
October 08, 2022
Nigeria: Return to Classrooms Immediately, Court of Appeal Orders ASUU
The Court of Appeal, Abuja Division yesterday ordered striking members of the Academic Staff Union of Universities (ASUU), to end the nearly eight months strike they embarked upon… Read more »
Nigeria: Oil Subsidy Ends Next Year, It's Unsustainable - President
President Muhammadu Buhari yesterday, while presenting a record N20.51 trillion 2023 appropriation bill to a joint session of the National Assembly in Abuja, announced the… Read more »
Nigeria: Aisha Buhari to Speak on Encouraging Women to Save for Rainy Days
The wife of President Muhammadu Buhari, Mrs. Aisha is set to speak today on the need for women to imbibe the culture of saving for rainy days, particularly for themselves and their… Read more »
October 07, 2022
Nigeria: We"ll Use Technology to Tap Seabed Resources - Buhari
President Muhammadu Buhari has disclosed that Nigeria has strategic mineral resources in its seabed, which will be exploited through adequate deployment of technology. Read more »
Nigeria: New Nigerian Carrier, ValueJet, Announces Inaugural Flight
ValueJet has announced that it would open its booking portal and would start flight operations from Monday, October 10, 2022 with flights to Abuja, Port Harcourt, Asaba and Jos… Read more »
Nigeria: Despite Economic Hardship, Airfares Hike, Nigeria Records High Outbound Flights
Despite the outrageous fares that foreign airlines charge Nigerian passengers, coupled with the economic hardship in the country, Nigeria still records high outbound flights,… Read more »
Nigeria: Google Spends 20% of $1bn On African Projects, Begins First Cloud Region
One year after Google announced its five-year plan for African projects that would gulp $1 billion, the technology company has said that it had already spent over 20 per cent of… Read more »
Nigeria: How Illegal Export Line Connecting High Sea Was Undetected for Nine Years - NNPC
In a shocking revelation, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mallam Mele Kyari, has narrated how an illegal oil pipeline… Read more »
October 06, 2022
Nigeria: How Illegal Connecting Line From Export Terminal Into High Sea Was Discovered After Nine Years - NNPC
In a shocking revelation, the Group Managing Director of the Nigerian National Petroleum Company Limited (NNPC), Mallam Mele Kyari, has narrated how an illegal oil pipeline… Read more »
Nigeria: 2023 Budget Proposal May Be Adjusted Before Friday's Presentation to National Assembly - Presidency
The Presidency yesterday disclosed that the 2023 budget proposal was still open to alteration to accommodate inputs that may have been inadvertently omitted before its presentation… Read more »
Nigeria: Despite Pressure From World Powers, Opec Announces 2m Barrels Production Cut
The Organisation of Petroleum Exporting Countries (OPEC) and its oil-exporting allies known as OPEC+ yesterday announced a two million barrel per day cut in oil production. Read more »
Nigeria: WTO Cuts 2023 Global Trade Forecast Amid Looming Recession
The World Trade Organisation (WTO) yesterday projected a slowdown in global trade growth in 2023 as sharply higher energy, food prices and rising interest costs curb import demand. Read more »
Nigeria: Stakeholders Highlight Priority Areas That Will Disrupt, Deliver Economic Growth for Nigeria
Considering the fact that the playbook that drives economic growth and prosperity globally is undergoing some material disruption, where drivers of global economies are fast… Read more »
October 05, 2022
Nigeria: A Slaugter Slab for Teachers
One would think that all those who are educated in Nigeria have had time to reflect on the state of the country and think of solutions. But that has not always been the case. The… Read more »
Nigeria: Incessant Building Collapse in Nigeria... (I)
Regulating agencies should be alive to their responsibility Read more »
Nigeria: House Investigates Reoccurring National Grid Collapse
The House of Representatives has mandated its Committee on power to conduct investigation into the root causes of incessant national grid collapse in the country. Read more »
Nigeria: For Second Time in 45 Years, NNPCL Declares Profit, Rakes in N674bn After Tax Revenues
For the second time in its 45-year history, the Nigerian National Petroleum Company Limited (NNPCL) , formerly a corporation, yesterday declared a Profit After Tax (PAT) financial… Read more »
Nigeria: Trade Central to Poverty Eradication, National Productivity - Buhari
President Muhammadu Buhari yesterday said trade has remained critical to the country's economic growth, poverty eradication, building wealth as well as improving foreign reserves… Read more »
October 04, 2022
Nigeria: United Airlines Allegedly De-Boards Nigerian Passenger Over Complaint of Poor Aircraft Facility
A Nigerian passenger, Taylor Alfred Oladotun was allegedly de-boarded from a flight operated by United States mega carrier, United Airlines on Sunday because he complained about a… Read more »
Nigeria: Despite Global Volatility, Nigeria's Stock Market Appreciated By N4.15trn in Nine Months
The stock market of the Nigerian Exchange Limited (NGX) maintained its positive momentum in the first nine months of 2022, gaining N4.15 trillion to outshine global markets that… Read more »
Nigeria: OPEC Mulls Highest Cut in Two Years, May Reduce Oil Production By 1 Million Bpd
The Organisation of Petroleum Exporting Countries (OPEC) may cut oil production output by as much as 1 million barrels per day when they meet tomorrow, some delegates said… Read more »
Nigeria: Navy Confiscates 40m Litres of Stolen Crude Oil, Diesel, Kerosene in Niger Delta
The Nigeria Navy said it confiscated 18 million litres of stolen crude oil, 23.5 million litres of Automotive Gas Oil (AGO) also known as diesel and 6.2 million litres of Dual… Read more »