May 25, 2023
Nigeria: Adeyemi - Only Sound Pro-Business Policies Can Revitalise Nigeria's Ailing Economy
The Executive Chairperson of Still Earth Holdings, Oyindamola Adeyemi, has urged the incoming administration to as a matter of urgency, formulate and implement sound pro-business… Read more »
May 24, 2023
Nigeria: Border Closure Aimed At Stimulating Local Consumption - President Buhari
President Muhammadu Buhari, yesterday insisted that his 2019 closure of the country's land borders was due to his administration's conscious efforts to encourage Nigerians to eat… Read more »
Nigeria: Apapa and Ajeromi Residents in Disarray Over Collapse of Ijora Bridge
Residents of Apapa and Ajeromi were left reeling when a vital Ijoba bridge connecting their town to the outside world collapsed, plunging the residents into a nightmarish commuting… Read more »
Nigeria: 'Investment in Fintech Will Deepen Financial Inclusion, Eradicate Poverty'
The Managing Director/Chief Executive, Tangerine General Insurance, Mr. Mayowa Adeduro, has said the adoption of Financial Technology fintech remained a critical tool for financial… Read more »
May 23, 2023
Nigeria: Africa's Refining Industry On Path to Recovery in 2023 - Report
The reopening of some refineries in Africa and the gradual commissioning of new facilities will mark the recovery of the continent's downstream industry in 2023, according to… Read more »
Nigeria: With Dangote Refinery, Nigeria Would Have Excess Refined Petroleum for Export - Buhari
History was made yesterday as President Muhammadu Buhari inaugurated the first indigenous refinery in Nigeria, the $18.5 billion Dangote Petroleum Refinery, in Ibeju-Lekki, Lagos.… Read more »
Nigeria: Petrol Prices Jump By 47 Percent, Diesel 28.6 Percent in One Year
The price of petrol, arguably Nigeria's most consumed fuel, increased by a whopping 47.18 per cent on a year-on-year basis between April 2022 and April 2023, new data from the… Read more »
May 22, 2023
Nigeria: Seplat Drags Justice Ekwo Before NJC for Unethical, Abuse of Judicial Power
Two weeks after Seplat Energy Plc accused Justice Inyang Ekwo of Federal High Court in Abuja of bias and asked the Chief Judge of the court, Justice John Tsoho, to transfer all… Read more »
Nigeria: Lagos, Kebbi Records Highest, Lowest Entrants As 11,350 Write Teachers' Qualifying Exams
Over 11,350 candidates at the weekend participated in the first batch of Teachers Registration Council of Nigeria (TRCN) Professional Qualifying Examination, (PQE)across the… Read more »
May 21, 2023
Nigeria: World Bank Advises Govt, States to Stop Payment of Petrol Subsidy
The Country Director of the World Bank, Shubham Chaudhuri, has asked the federal and state governments to consider the financial implications that a continuous fuel subsidy regime… Read more »
Nigeria: Govt Signs Memorandum of Understanding With Doctors to End Warning Strike
The federal government has entered into a Memorandum of Understanding (MoU) with the Nigeria Medical Association (NMA) and the Nigerian Association of Resident Doctors (NARD) to… Read more »
May 19, 2023
Nigeria: Troops Destroy 38 Illegal Refining Sites in Niger Delta
The Defence Headquarters (DHQ) yesterday said troops destroyed 38 Illegal refining sites in the Niger Delta region. Read more »
Nigeria: Wabote Seeks Double-Digit Oil Contribution to GDP, NNPC to Supply 300,000 Bpd to Dangote Refinery
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Mr Simbi Wabote, yesterday argued that the oil and gas industry could return to… Read more »
Nigeria: Dangote Refinery Will Provide Succour, Turbo-Charge Nigeria's Economy - NECA
The Nigeria Employers' Consultative Forum (NECA) has declared that the Dangote Refinery would turbo-charge the engine of the Nigerian economy, unstrap the strings holding its… Read more »
May 18, 2023
Nigeria: New Operational Technology Threat Puts Organisations At High Risk - Report
Microsoft, on Tuesday, released its latest Cyber Signals Report at a virtual press conference, where it exposed how a new cyber threat is putting organisations and technology teams… Read more »
May 15, 2023
Nigeria: Malami, 36 States' AGs, NBA to Agree On New Remuneration for Lawyers
Worried by the harsh economic environment in the country, the Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami (SAN), on Monday, inaugurated the… Read more »
Nigeria: Nigeria's Inflation Rises to 22.22%
The Consumer Price Index (CPI), which measures the rate of change in goods and commodities, rose to 22.22 per cent in April compared to 22.04 per cent in the preceding month, the… Read more »
May 16, 2023
Nigeria: $1.3bn Zungeru Hydroelectric Plant Completed, Ready for Inauguration - Govt
The Minister of Power, Abubakar Aliyu, has revealed that the 700 megawatts Zungeru Hydroelectric power project has been completed, stressing that the facility will be able to send… Read more »
Nigeria: Nigeria's N12.1trn 2023 Budget Deficit May Widen As Oil Production Shrinks By 58m Barrels in Four Months
Nigeria's already high budget deficit of N12.1 trillion may widen in 2023, following the country's underproduction of crude oil to the tune of 58 million barrels in the first four… Read more »
Nigeria: NNPC's Renewed Fight Against Oil Theft
Emmanuel Addeh writes that the results of recent renewed effort by the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, and activities… Read more »
May 15, 2023
Nigeria: Data Encryption From Ransomware Reaches Highest Level in 4 Years - Report
Sophos, a global leader in innovation and delivery of cybersecurity-as-a-service, has released its annual report tagged, "State of Ransomware 2023," which revealed that hackers… Read more »
Nigeria: CBN Doubles Down in Fight Against Spiraling Inflation
The Central Bank of Nigeria (CBN) has reiterated its commitment to continue to take steps to control the country's spiraling inflation which rose to 22.04 per cent in April. Read more »
May 14, 2023
Nigeria: From Oil to Aviation... How Auwalu Rano Invested Billions of Naira in Airline Business
Business diversification is one of the buzzwords financial analysts throw around these days. The word itself means a lot but it is not something that many corporate organisations… Read more »
Nigeria: Sharia Law Won't Be Incorporated Into Traffic Regulations - FRSC
The Federal Road Safety Corps (FRSC) has said that Sharia law will not be introduced in the enforcement of traffic regulations. Read more »
Nigeria: Nigeria Not Seeking Another U.S.$800 Million World Bank Loan, FG Clarifies
The federal government has clarified that it was not seeking another $800 million loan from the World Bank to cushion the impact of the impending removal of petroleum subsidy on… Read more »