February 08
Nigeria: Customs Set to Surpass N5 TRN Revenue Target
THE Comptroller-General of the Nigerian Customs Service (NCS), Adewale Adeniyi, has told the National Assembly that the Service will surpass its revenue target of N5.079 trillion… Read more »
Nigeria: Electronic Transmission of Election Results in Sight As Bill Scales Second Reading
The House of Representatives yesterday passed for second reading a bill to amend the 2022 Electoral Act by making electronic transmission of results mandatory. Read more »
February 06
Nigeria: Increase in School, Medical Tourism Putting Pressure On Naira - CBN Governor
The Governor of the Central Bank of Nigeria (CBN), Dr Olayemi Cardoso has said that the increase in exchange rate between the naira and dollar is due to the increase in Nigerian… Read more »
February 05
Nigeria: National Grid Restored After Partial Disturbance - TCN
The Transmission Company of Nigeria (TCN) says the national grid has been fully restored after a partial disturbance at about 11:21 a. m. on Sunday. Read more »
Nigeria: CBN and Cardoso's Bid to Restore Stability, Sanity in Financial System
The mandate of the Central Bank of Nigeria, CBN, is derived from the 1958 Act of Parliament that established the Bank. The Act has been amended six times since then to respond to… Read more »
February 04
Nigeria: Breaking - Nigeria Records First System Collapse in 2024
Despite promises, the Transmission Company of Nigeria (TCN) recorded its first electricity system collapse in 2024. Read more »
Nigeria: Blackout - Power Grid Begins Recovery After First Collapse in 2024
National power grid has begun a slow recovery after the first collapse of the year left cities and villages without public power supply across the country. Read more »
February 02
Nigeria: One in Five Workers Suffer Violence, Harassment - ILO
The International Labour Organisation, ILO, has revealed that more than one in five people in employment have experienced violence and harassment globally. Read more »
Nigeria: Govt Fails to Secure $10bn Annual Funding for Energy Transition - Report
Nigeria is falling short of the $10 billion annual target for achieving net-zero carbon emission by 2060, a report by the Natural Resources Governance Institute, NRGI, and BudgIT… Read more »
February 01
Nigeria: Govt Failing to Raise $10bn Annual Funding for Energy Transition - Report
Nigeria is falling short of the $10 billion annual target for achieving net-zero carbon emission by 2060, a report by the Natural Resources Governance Institute, NRGI, and BudgIT… Read more »
Nigeria: Over 30 Feared Dead As Tanker Explodes in Imo Forest
Over 30 bodies were said to have burnt to ashes after a tanker suspected to be used by oil bunkers exploded in the forest of Obitti, Ohaji/Egbema Local Government Area of Imo… Read more »
Nigeria: NNPC Ltd to Petrol Tanker Owners - Tough Times Will End Soon
Abuja-The Group CEO of the Nigerian National Petroleum Company Limited, Mr. Mele Kyari, has assured transport owners that the challenging business environment in haulage of… Read more »
Nigeria: Nigeria's Inflation Rate to Drop to 23% in 2024, 15.5% in 2025 - IMF
The International Monetary Fund (IMF) has predicted a decline in Nigeria's inflation rate to 23 percent in 2024 and 15.5 percent in 2025. Read more »
January 29
Nigeria: $20bn Dangote Refinery to Import Crude Oil From United States
The $20 billion Dangote Refinery has concluded plans to import crude oil from the United States in the coming months. Read more »
January 30
Nigeria: Ship-Owners Challenge Govt Over Cabotage, Trade Policy
The Nigeria Ship-Owners Association, NISA, has challenged the Federal Government to stop granting waivers to foreign ship owners operating in the Cabotage area to demonstrate its… Read more »
January 29
Nigeria: Forex Crises, High Import Duty Depress Vehicle, Other Imports
Amidst sustained depreciation of the Naira, Nigeria's motor vehicle imports recorded a massive 32 per cent decline in 2023 with total imports through the Nigerian ports at 132,293… Read more »
Nigeria: Nigerians Go for Used Disposable Plastics As Economy Bites Harder
Wonders, they say, shall never cease, as Nigerians resort to the use of unimaginable things to survive, as the current state of the economy continues. Read more »
Nigeria: Govt Inaugurates Minimum Wage Committee Tomorrow
The Federal Government will tomorrow inaugurate a tripartite committee to negotiate a new minimum wage for workers nationwide. Read more »
Nigeria: How Regular MPC Meetings Can Stem Rising Inflation - Rewane
Foremost economist, Bismarck Rewane, has said the Monetary Policy Committee, MPC, of the Central Bank of Nigeria, CBN, must meet more than four times annually to stem rising… Read more »
January 28
Nigeria: Amidst Insecurity, Rising Inflation We'll Forge Ahead - Mohammed Idris Assures Nigerians
The Minister of Information and National Orientation, Mohammed Idris has expressed optimism that despite the economic and insecurity challenges facing the country, Nigeria will… Read more »
January 25
Nigeria: Nigeria's Economy in 'Stabilisation Phase', Says CBN
The Central Bank of Nigeria (CBN) says the stage in Nigeria's economic transformation roadmap shows the country is currently in the stabilisation phase. Read more »
January 24
Nigeria: Mainstream Takes Over $1.3bn Zungeru Power Plant
Mainstream Energy Solution today took over the $1.3 billion Zungeru Hydro Power Plant, after winning the bid for the plant in a competitive bidding process. Read more »
Nigeria: Victims of Nasarawa Air Strike Still Awaiting Justice One Year On - Amnesty International
One year after the air strike that killed 40 people in Rukubi in Doma area of Nasarawa State, Amnesty International Nigeria has said neither justice nor accountability had been… Read more »
Nigeria: CBN Vows to Deal With Forex Abuses, Infractions - Insists Naira Undervalued
The Central Bank of Nigeria, CBN, has vowed to deal with abuses and infractions in the foreign exchange, (Forex) market. Read more »
January 23
Nigeria: Abia Govt Begins Remodeling of Major Markets, Ends Touting, Multiple Taxation
...To revamp moribund companies Read more »