Nigeria: African Airlines May Record $638m Loss in 2022, $213m in 2023

The International Air Transport Association (IATA) has announced that African carriers are expected to post a loss of $638 million in 2022, narrowing to a loss of $213 million in… Read more »

Nigeria: How Technology Can Impact Oil, Gas Trading - Expert

Given the newly inaugurated Petroleum Industry Act (PIA), local oil and gas traders/operators have been advised to leverage technology if they truly desire to join the global oil… Read more »

Nigeria: More Boost for Nigeria As Oil Production Rises to 1.6mbpd

Nigeria is speedily recovering from the months of under-production with oil production at 1.59 million barrels per day as of yesterday, according to the Nigerian National Petroleum… Read more »

Nigeria: Nigerian Content in Oil, Gas Industry Hits 54% in 2022

Mid-way into a 10-year Strategic Road Map for enhanced indigenous participation and utilisation of local assets in oil and gas operations, industry regulator Nigerian Content… Read more »

Nigeria: Navy Denies Indicting NNPC On Oil Theft Figures, Says Both Bodies Working to Curb Menace

The Nigerian Navy (NN) has denied accusing the Nigerian National Petroleum Company Limited (NNPC) of insincerity and exaggeration of oil theft figures as reported in a national… Read more »

Nigeria: Buhari Directs Aviation Agencies to Reorganise, Adapt Newly Signed Civil Aviation Act

President Muhammadu Buhari yesterday directed the Minister of Aviation, Hadi Sirika to reorganise agencies under his watch to conform with the new Civil Aviation Act recently… Read more »

Nigeria: Natural Gas Will Remain Major Energy Source in Next 30 Years

The Managing Director, Nigeria Liquefied Natural Gas (NLNG), Philip Mshelbila, has said that natural gas will remain a key energy source to the world in the next 20 to 30 years,… Read more »

Nigeria: Buhari Directs Aviation Ministry to Reorganise, Conform With Newly Signed Civil Aviation Act

President Muhammadu Buhari has directed the Ministry of Aviation to reorganize the agencies under its watch to conform with the new Civil Aviation Act recently signed into law. Read more »

Nigeria: 'Integration of Lekki Port With LFZ'll Change Nigeria's Economic Fortunes'

The Chief Executive Officer, Lagos Free Zone, Mr. Dinesh Rathi has expressed confidence that the integration of Lekki Port with Lagos Free Zone would be a major catalyst to… Read more »

Nigeria: Zenith Wins 'Bank of the Year Nigeria' in the Banker's Awards

Zenith Bank Plc has emerged as 'Bank of the Year in Nigeria' in The Banker's Bank of the year awards 2022. The award, which was announced by The Banker Magazine, Financial Times… Read more »

Nigeria: CBN Offered N7.33trn Treasury Bills in Six Months

The Central Bank of Nigeria (CBN) yesterday said it offered treasury bills amounting to N7.33 trillion in the first half of the year (H1 2022) while total public subscriptions… Read more »

Nigeria: With Poverty, Education, Health in Focus, Presidential Hopefuls Mull Solutions At Arise Town Hall

It was a battle of ideas, yesterday, at the third in a series town hall meeting, organised by the Arise News Channel and its partners, where three of the leading presidential… Read more »

Nigeria: Zulum's Visit Triggers Installation of Solar System At Maiduguri Hospital

Less than 24 hours after a surprise visit by Borno State Governor, Prof. Babagana Umara Zulum, a solar system as an alternative source of power, has been installed at the Umaru… Read more »

Nigeria: 59% of Nigerian E-Banking Customers Have Been Victim to Fraud - Report

A survey carried out by Agusto&Co has revealed that 59 per cent of bank customers sampled indicated that they have fallen victim to fraud. Read more »

Nigeria: $1.4bn Investment in Northern Hydrocarbons to Yield $6bn Revenue in 20 Years - NNPC

The $1.4 billion external project finance agreement jointly arranged by the Standard Chartered Bank, UK, and United Bank for Africa for Northern Hydrocarbon Funding Limited, would… Read more »

Nigeria: Black Market Operators Make Brisk Business As Petrol Scarcity Lingers in Lagos, Others

The current nationwide scarcity of petrol which has been on for over a month has put black marketers in a profitable mode as they are now making brisk business by cashing in on the… Read more »

Nigeria: Nigeria Urged to Leverage On Demographic Dividends to Build Wealth, Economy

An international journalist and author of several history books, Prof. Howard French, has urged Nigeria to seize the opportunity of its demographic dividend to build wealth, invest… Read more »

Nigeria: Digital Economy - CITN Urges Decisive Step to Curb Tax Leakage

The Chartered Institute of Taxation of Nigeria (CITN) has called for in-depth review of various taxing strategies for the digital economy. Read more »

Nigeria: Bridging Digital Divide and Internet for All

Some 2.7 billion people will be connected by 2025. Read more »

Nigeria: Banks' Consumer Loans Up 31% to N2.55 Trillion on Rising Inflation

On the back of rising inflation rate in Nigeria, banks' consumer loans rose by 31 per cent or N615.82 billion in one month to N2.55trillion in July 2022 from N1.93trillion in June… Read more »

Nigeria: In Face of Oil Theft, CBN's RT200 Initiative Records $4.987bn Inflow

The Central Bank of Nigeria's (CBN) RT200 (Race to $200 billion forex inflows), which is an initiative that aims to boost non-oil exports has recorded $4.987 billion forex inflows… Read more »

Nigeria: Kogi, China Partner On $60m Smart Security Architecture to Tackle Insecurity

To tackle insecurity, especially within its borders, the Kogi State government has signed a Memorandum of Understanding with Chinese investors for the provision of high technology… Read more »

Nigeria: 'Our Top Priority Is, Digitalising Lagos' Judiciary'

At a population of slightly over 20 million, Lagos State is unarguably the most populous city and the third largest economy in Africa, in addition to being quite cosmopolitan and… Read more »

Nigeria: Inflation - Diesel Prices Rise By 215%, Gas 70.6 %, Petrol 17% in One Year

Nigerians continued to grapple with growing energy prices caused by the challenges in the global oil and gas industry, the Russia-Ukraine war as well as local distortions in… Read more »

Nigeria: Nigeria Earned $741.48bn From Oil, Gas Sales in 21 Years - NEITI

The Nigeria Extractive Industries Transparency Initiative ((NEITI) has said that the country earned N741.48 billion from oil and gas sales between 1999 and 2020, a period of 21… Read more »