July 09
Nigeria: Lagos Plans to Increase Its GDP From Real Estate to 20 Percent
GOVERNOR Babajide Sanwo-Olu of Lagos State has hinted that his administration is aiming at increasing the Gross Domestic Product, GDP contribution from the real estate sector 5-6… Read more »
Nigeria: Nigeria's Debt-to-GDP Within World Bank/IMF Ceiling - DMO
The Debt Management Office (DMO) said Nigeria's debt-to- Gross Domestic Product (GDP) ratio is within the specifications of the World Bank and International Monetary Fund (IMF) for… Read more »
July 08
Nigeria: How Sirika Ignored Warnings About Nigeria Air - Stakeholders
....Hail FG for finally terminating contract with Ethiopian Airlines Read more »
Nigeria: Why CBN Insists On Another Recapitalisation - Cardoso
The Central Bank of Nigeria, CBN, insisted weekend that further capitalisation of banks in the country was for the common good of the nation. Read more »
July 05
Nigeria: FG Increases Mining Rates, Decries Non-Remittance
The Federal Government has increased the rates and charges for all activities in the mining sector. Read more »
July 04
Nigeria: Reverse New Electricity Tariff, Its Killing People, Economy - NLC
Nigeria Labour Congress, NLC has demanded for the immediate reversal of the new electricity tariff which took effect on July 1, saying it is killing the people and the economy. Read more »
Nigeria: Our Economy Can Be Turned Around in Few Months - Dangote
President of the Dangote Group, Aliko Dangote, has said that Nigerian economy can be turned around in few months. Read more »
Nigeria: Many Feared Dead As Two-Storey Plaza Collapses in Amawbia Market
MANY people were feared dead when a two-storey plaza collapsed at Eke Amawbia market in Awka South local government area of Anambra State. Read more »
Nigeria: Tinubu Inaugurates Sokoto-Badagry Coastal Highway Construction August
President Bola Tinubu is scheduled to inaugurate the construction work of the 1000-km Sokoto-Badagry Coastal Highway in August. Read more »
July 03
Nigeria: CBN Warns Banks Against Rejecting Dirty/Mutilated Naira Notes
The Central Bank of Nigeria (CBN) has warned Deposit Money Bank (DMBs) against rejecting dirty and mutilated Naira banknotes from depositors. Read more »
Nigeria: Nigerian Governors Not Against Living Wage, Oyebanji Tells Workers
Ekiti State Governor, Mr Biodun Oyebanji has said that State Governors, under the aegis of the Nigerian Governors' Forum (NGF) are not against approval of a living wage for… Read more »
Nigeria: Governors' Interference in Minimum Wage Negotiation Unconstitutional - NLC
The National Labour Congress, NLC, the governors' interference in the national minimum wage negotiation is unconstitutional. Read more »
July 02
Nigeria: Man Partners FG, Stakeholders to Host Manufacturers' Summit Today
The Manufacturers Association of Nigeria (MAN) has concluded plans, in collaboration with the Presidency; Federal Ministry of Industry, Trade and Investment (FMITI); National… Read more »
Nigeria: Investors Gain N15.6trn in H1'24 Amid Monetary Policy Tightening
Despite the lull in economy and other challenges, investors on the Nigerian Exchange Limited, NGX gained over N15.6 trillion in the first half of the year, H1'24, a situation… Read more »
Nigeria: BPE to Fast-Track Nipp Sale, Says New D-G, Gbeleyi
The Bureau of Public Enterprises (BPE) said it will fast-track the sale of the National Integrated Power Projects (NIPPs) to provide much-needed power supply to the public. Read more »
Nigeria: Capital Importation Rises 210 Percent to $3.38 Bn
Capital importation into the country grew Quarter-on-Quarter (QoQ) by 210 percent to $3.38 billion in the first quarter of 2024 (Q1'24) from $1.09 billion in the fourth quarter of… Read more »
Nigeria: Rail Transport Revenue Rises 122 Percent to N2.11bn
Rail transport revenue grew by 122 percent, Year-on-Year, YoY to N2.11 billion in the first quarter of 2024 (Q1'24) from N949.94 million in the first quarter of 2023 (Q1'23). Read more »
Nigeria: Credit to Government Rises By 42 Percent to N28.4trn
Credit to the government rose by N8.4 trillion or 42 per cent, month-on-month to N28.4 trillion in May from N19.98 trillion in April. Read more »
Nigeria: Retail Sales Volume Down 50 Percent in 1yr - Supermarket Owners
At the backdrop of economic hardship in Nigeria, supermarket owners under the aegis of Retail Council of Nigeria (RCN) and National Association of Supermarket Operators of Nigeria… Read more »
Nigeria: Economic Crisis - Slump in Port Operations Puts 40,000 Jobs At Risk - - Investigation
A drastic drop in vessel calls into the nation's ports has plunged operations in the maritime sector into a major crisis as businesses continue to nosedive, following the forex… Read more »
Nigeria: Dangote Refinery - Urgent Need for a New Strategy
When Dangote Refinery, early this year, rolled out its diesel and supplied marketers at a substantially reduced price of N1,200, Nigerians chanted, " Bravo to Dangote". Read more »
Nigeria: Oil Communities Lament Quality of East-West Road
The Community Development Committees of Niger-Delta Oil and Gas Producing Areas (CDC-NDOGPA) and other stakeholders have expressed disappointment with the quality of construction… Read more »
July 01
Nigeria: No Explosion in Zungeru Power Plant - Adelabu
Minister of Power, Adebayo Adelabu has said that no explosion occurred at Zungeru power plant on Monday. Read more »
Nigeria: Nigeria No Longer Interested in Airline Partnership - Ethiopian Airlines
Ethiopian Airlines has announced that the Nigerian government is no longer interested in partnership aimed at establishing the proposed Nigeria Air project. Read more »
June 30
Nigeria: Vulnerable, Poor People Should Get Tax Exemption - Oyedele
The chairman of the Presidential Taskforce on Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele has proposed a tax exemption for poor, vulnerable people and believes the… Read more »