September 05, 2022
Nigeria: Why PIA Implementation Will Reduce Revenues to States, Local Govts By 15% - Kachikwu
A former Minister of State, Petroleum Resources, Dr. Ibe Kachikwu, has urged Nigerians to prepare for the immediate impact of the implementation of the Petroleum Industry Act… Read more »
Nigeria: Nigeria to Reap Billions of Dollars From Creditors in Debt-for-Climate Swap Proposal - Osinbajo
The Vice President, Prof. Yemi Osinbajo has disclosed that Nigeria would reap a huge debt relief from some creditors running into billions of United States dollars when the… Read more »
Nigeria: As Nigeria's Economic Woes Persist, Stock Market Depreciates By N1.69trn in 3 Months
As Nigeria continue to grapple with economic challenges, the equities market has maintained a downward slide with investors' wealth dwinddling by a whopping N1.69 trillion in just… Read more »
September 04, 2022
Nigeria: Nigeria to Reap Billions of Dollars From Creditors in Debt-for-Climate Swap Offer - Osinbajo
Vice President Yemi Osinbajo has disclosed that Nigeria will reap a huge debt relief from some creditors running into billions of US dollars when the nation's idea for a… Read more »
Nigeria: Technology Key to Curbing Corruption, Illicit Financial Flows - ICPC
The Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanoye, (SAN), has identified the deployment of technology as… Read more »
September 02, 2022
Nigeria: Nigeria's Total Debt Profile Now N41.60trn, Says DMO
The Director-General of the Debt Management Office (DMO), Mrs. Patience Oniha yesterday confirmed that Nigeria's total debt profile as at March, 2022 stood at N41.60 trillion. Read more »
Nigeria: U.S. Launches $48.8m Investment in Education
United States has launched a $48.8 million investment in Nigeria's education. Read more »
Nigeria: World Bank, Katsina to Construct 800kms of Rural Roads
The Katsina State Government in collaboration with the World Bank has announced plan to construct and upgrade 800 kilometers of rural roads under the state's Rural Access and… Read more »
Nigeria: Osinbajo Meets World Bank President in Washington, Seeks Support to End Petrol Subsidy, Others
The World Bank Group President, David Malpass yesterday met with Vice President, Prof.Yemi Osinbajo as part of efforts to seek the multilateral institution's support to end petrol… Read more »
Nigeria: NNPCL's Total Outstanding Petrol Subsidy Debt Hits N1.04trn, N448.7bn Deducted in July
With total spending on the controversial petrol subsidy now exceeding oil revenue, the Nigerian National Petroleum Company (NNPCL) outstanding debt on what it terms under-recovery… Read more »
Nigeria: NCAA Insists On Safety, Moves to Stabilise Airline Operations Amid Mounting Challenges
As Nigerian airlines continue to suffer economic decline, as a result of growing challenges emanating from high price of aviation fuel, naira depreciation, high cost of maintenance… Read more »
September 01, 2022
Nigeria: Govt Misses Oil Revenue Target, Generated N799.10bn in Q1 - Central Bank
The Central Bank of Nigeria (CBN) yesterday disclosed that the country generated a total of N799.10 billion in crude oil sales in the first quarter of the year (Q1 2022). Read more »
Nigeria: Emirates Airlines Restores Lagos Flight Operations
Emirates Airlines has announced that it would restore its flight operations to Lagos from September 11, 2022. Read more »
Nigeria: Geometric Power Says, It Suffers N100m Monthly Energy Theft
The Aba Power Limited (APL), a subsidiary of Geometric Power has cried out that it has been losing over N100 million monthly to 14 communities in Obingwa Local Government Area of… Read more »
August 30, 2022
Nigeria: State Varsity Pro-Chancellors Descend On ASUU Over Osodeke's Comment
The Committee of Pro-Chancellors of State-owned Universities (COPSUN) yesterday frowned at a recent remark by the President of the Academic Staff Union of Universities (ASUU),… Read more »
Nigeria: Consumer Rights Group Kicks Against Proposed Sale of NIPP/NDPHC Power Plants
The Nigeria Consumer Protection Network (NCPN) yesterday argued that the proposed sale of the five National Integrated Power Projects (NIPP) assets by the Bureau of Public… Read more »
Nigeria: NLNG Restates Commitment to Nigerian Content in Its Operations
The Nigeria Liquefied Natural Gas (NLNG) Limited has reiterated its commitment to ensuring that Nigerians benefit maximally from all its operations by going beyond mere compliance… Read more »
Nigeria: Yuguda - Ponzi Schemes Are Cancers to Capital Markets
The Director General, Securities and Exchange Commission, Mr. Lamido Yuguda reveal how the commission is fighting to rid the capital market of Ponzi schemes. Kayode Tokede captures… Read more »
Nigeria: Nigeria's Naval Chief Disputes NNPCL, Petroleum Ministry's Oil Theft Figures
Nigeria's Chief of Naval Staff (CNS), Vice Admiral Awwal Gambo, yesterday disputed oil theft figures from the Nigerian National Petroleum Company Limited (NNPCL) and the ministry… Read more »
August 29, 2022
Nigeria: IMF Team Visits Nigeria, Partners FRC On Establishing Fiscal Monitoring Framework
An International Monetary Fund (IMF) capacity development mission has visited Nigeria in a strategic move to support the Fiscal Responsibility Commission (FRC) in establishing a… Read more »
Nigeria: NBET, Turkish Agency Seal Deal to Boost Commercial Transactions, Investments in Nigeria's Power Sector
The Nigerian Bulk Electricity Trading Plc (NBET) and Energy Exchange Instabul (EXIST), a Turkish agency, have signed an agreement on cooperation to help Nigeria improve commercial… Read more »
Nigeria: Reviving Oil Palm As Major Foreign Exchange Earner
The ban of crude palm oil and its derivatives exports by Indonesia, the world's largest supplier of the commodity, should be music to the ears of investors in that line of business… Read more »
Nigeria: Akwa Ibom Ex-Militants Threaten to Shut Down Oil Production Over Pipeline Contract
Ex-militants from Akwa Ibom State have threatened to shut down oil production in the state if the federal government refuses to revoke the N48 billion annual pipeline surveillance… Read more »
Nigeria: Brazil, Nigeria Trade Relations Recorded $281bn Export Earnings in 2021, Says Ambassador
The Brazil and Nigeria trade relations recorded $280.81 billion in export earnings in 2021. Read more »
Nigeria: House Uncovers How Nigeria's Foreign Missions Engage in Extra Budgetary Spending
The House of Representatives Committee on Public Accounts has commenced investigations into how Nigeria's foreign mission engage in extra budgetary spending and refuse to remit… Read more »