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 »

Nigeria: 'Cash Policy Is Aimed At Driving Financial Security, Transparency'

Following the Central Bank of Nigeria (CBN)'s latest over-the-counter cash policy for individuals and corporate entities, a cross section of Nigerians especially economic analysts… Read more »

Nigeria: How PenCom Advanced Nigeria's Pension Industry in 2022

The National Pension Commission (PenCom) is the apex regulator of the pension industry in Nigeria. In executing its mandate, PenCom is responsible for effectively regulating and… Read more »

Nigeria: 2022 - a Year of Shocks, Threats, Risks for Manufacturers

Year 2022 would be remembered by operators of Nigerian manufacturing sector as a year marked by shocks, risk and turbulence. Read more »

Nigeria: As Fuel Scarcity Bites, Air Fares Jump 97%, Bus Prices Rise 45% in One Year

With petrol scarcity biting hard and aviation fuel prices skyrocketing, Nigerians paid as much as 97 per cent more to fly locally, while the fare paid by citizens for bus transport… Read more »

Nigeria: Atala's OML46 - Senate Asks NUPRC to Reallocate Licence to Hardy Oil, Others

The Senate yesterday faulted the revocation of Atala Marginal Oil Field (OML 46) in February 2020, by the defunct Department of Petroleum Resources (DPR), now Nigerian Upstream… Read more »

Nigeria: N20.51trn 2023 Budget Suffers Setback As National Assembly Adjourns Until Next Wednesday

The final consideration and passage of the N20.51 trillion 2023 budget suffered a setback in both the Senate and the House of Representatives chambers on Thursday. Read more »

Nigeria: Flood Disaster - Buhari Seeks National Assembly's Approval for N819.5bn Supplementary Budget

President Muhammadu Buhari has transmitted to the National Assembly, a supplementary budget totalling N819.5 billion for the 2022 fiscal year. Read more »

Nigeria: We Can No Longer Deliver $1.96bn Eastern Railway Corridor By May - Govt

The federal government has disclosed that Its initial promise to complete the narrow gauge Eastern railway corridor before the end of the President Muhammadu Buhari's… Read more »

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 »

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 »

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 »

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 »