December 22, 2022
Nigeria: House to Probe Alleged Loss of $2.4bn From Illegal Sale of 48 Million Barrels of Crude
The House of Representatives has resolved to constitute an Ad-hoc committee to investigate a whistle-blower's allegations of the illegal sale of 48 million barrels of Nigeria's… Read more »
Nigeria: 15 Years After, NUPRC Announces Bid for Seven Deep Offshore Oil Assets
Fifteen years after it last put up about 45 deep offshore assets for public bidding, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), yesterday announced that the… Read more »
Nigeria: History As Sanwo-Olu Completes Infrastructure Work On Lagos Blue Rail Line
History was made in Lagos State yesterday as at exactly 1:31pm Lagos State Governor, Babajide Sanwo-Olu formally stepped into the coach of the newly completed Lagos Blue Line and… Read more »
December 21, 2022
Nigeria: At 16.67%, Foreign Portfolio Investments in Stock Market Hits Over 9-Year Low
Amid 2023 political uncertainty and scarcity of foreign exchange, foreign portfolio investments in the Nigerian stock market dropped to 16.67 per cent in 11 months of 2022, the… Read more »
Nigeria: Report Highlights Port Logistics, Access to Finance As Factors Hindering Exports
For Nigeria to maximise recent reforms embarked upon by the federal government to increase the country's earnings from non-oil export, the government should improve port logistics,… Read more »
December 20, 2022
Nigeria: Buhari Transmits Finance Bill 2022 to House
President Muhammadu Buhari has transmitted Finance Bill, 2022 Read more »
Nigeria: Okupe Resigns As Labour Party Campaign DG
The Director General of Labour Party Campaign Council, Dr. Doyin Okupe, has announced his resignation from the party's campaign council over what he described as personal travails. Read more »
Nigeria: Govt Reaps $547m From 5G Spectrum Auction - Buhari
President Muhammadu Buhari has disclosed that auctioning of the 5G spectrum generated $547 million into federal government coffers. Read more »
Nigeria: Ship Owners Seek Ajegunle Residents' Relocation to Upgrade Apapa Port
President of the Ship Owners Association of Nigeria, Mkgeorge Oyung, yesterday called for the relocation of the residents of Ajegunle, a suburb in Lagos, with a view to enhancing… Read more »
Nigeria: 80% of African Start-Ups Have Funding Challenges - IFC
The World Bank's private investment arm, the International Finance Corp (IFC) has said that 80 per cent of African start-ups have funding challenges which the organisation can… Read more »
Nigeria: Airlines Call for Upgrade of Airport Infrastructure to Curb Flight Delays
Domestic carriers have called for the upgrade and expansion of airport infrastructure, attributing most of flight delays to inadequate facilities like limited spaces at the airport… Read more »
Nigeria: Nigeria's Oil Rigs Count Slumps 50% in Three Years
The latest Monthly Oil Market Report (MOMR) by Organisation of Petroleum Exporting Countries (OPEC) has revealed that Nigeria's oil rigs count fell from 16 to eight between 2019… Read more »
December 19, 2022
Nigeria: Obaseki, EU Strengthen Ties, Explore Investment Opportunities in Culture, Human Capacity Devt, Others
The Edo State Governor, Mr. Godwin Obaseki, has said his government is strengthening partnership with the European Union to sustain the gains recorded by his administration in… Read more »
Nigeria: Nigeria's Debt Service-to-Revenue Ratio At 83.0% Worrisome
Following the recent disclosure by the Debt Management Office (DMO) on Nigeria's Debt stance, analysts have stressed that Nigeria's debt is at the highest level and is worrisome at… Read more »
Africa: Visa to Invest $1bn in Africa to Accelerate Digital Transformation
Visa has pledged to invest $1 billion in Africa over the next five years to scale operations, deploy new innovative technologies, deepen collaboration with partners and advance… Read more »
Nigeria: NEDC Empowers 150 Youths to Bridge Nigeria's 8million Metering Gap
The North East Development Commission (NEDC) and MOMAS Group have partnered to empower 150 Nigerian youths in the North Eastern part in its bid to bridge the nation's metering gap… Read more »
December 17, 2022
Nigeria: Season of Honours for Tony Elumelu, United Bank Chairperson
Charles Ajunwa writes that the entrepreneurial and managerial acumen of the Chairman of United Bank for Africa and Heirs Holdings, Mr. Tony Elumelu, attract recognitions from… Read more »
December 16, 2022
Nigeria: Higher Food, Energy, Import Costs Drive Inflation to 21.47%
The Consumer Price Index (CPI) which measures the rate of change in prices of goods and commodities increased to 21.47 per cent year-on-year in November, compared to 15.40 per cent… Read more »
Nigeria: Nigeria, Kenya Missing From $150m Frontier Market Inflow - Analyst
An analyst at EFG Hermes Research has disclosed that Nigeria and Kenya are missing from the $150million frontier markets inflow in the last three weeks over the scarcity of foreign… Read more »
December 15, 2022
Nigeria: Court Refuses Motion Seeking to Stop CBN's Cash Withdrawal Limit
Justice Chizoba Oriji of a High Court of the Federal Capital Territory (FCT) in Maitama has refused to grant a motion seeking to stop the new cash withdrawal policy of the Central… Read more »
Nigeria: Bureau of Public Service Reforms Rates NPA As 'Platinum Level' Organisation
There was excitement in the Nigerian Ports Authority (NPA) following the classification of the agency by the Bureau of Public Service Reforms (BPSR) as a level 5 "Platinum Level"… Read more »
Nigeria: Police Debunk Report of Old Naira Notes Stashed in Barracks
The Benue State Police Command has refuted reports that old naira notes were discovered in a police barracks in Wadata, Makurdi, the state capital. Read more »
Nigeria: Senate Confirms Reappointment of Two CBN Deputy Govs for Second Term
The Senate yesterday confirmed the reappointment for second and final terms in office, Mrs. Aisha Ahmad and Mr. Edward Lametek Adamu that were nominated by President Muhammadu… Read more »
Nigeria: Oloyede - JAMB Remitted U.S.$111 Million to Govt in Six Years
The Registrar of the Joint Admission and Matriculation Board (JAMB), Prof Ishaq Oloyede, yesterday disclosed that the board remitted no less than N50 billion to the federal… Read more »
Nigeria: Biden Announces $350m to Facilitate Digital Transformation in Nigeria, Others
President Joe Biden of the United States of America has announced the commitment of $350 million to facilitate digital transformation in Africa. Read more »