January 22
Nigeria: Oil Marketers Await $20bn Dangote Refinery On Lifting Modalities
Oil marketers said they are waiting for the $20 billion Dangote Refinery to present modalities, drafted to guide the lifting of its petroleum products. Read more »
January 21
Nigeria: Months After Fuel Subsidy Removal in Nigeria - So Far, How Good?
In the run-up to the 2023 general elections, one of the hotly debated issues was the removal of fuel subsidy. Presidential candidates vowed to remove upon assuming office.… Read more »
January 22
Nigeria: Central Bank Still Short of Forex to Clear Backlog - Fitch
Fitch, one of the leading global credit rating agencies, has said that the Central Bank of Nigeria (CBN) still lacks sufficient foreign exchange (forex) to clear the backlog of… Read more »
Nigeria: Sanwo-Olu Approves Pay Rise for Pensioners
Governor Babajide Sanwo-Olu of Lagos State has approved a pay rise for state pensioners tagged "consequential adjustment in pensions" in line with the subsisting national minimum… Read more »
Nigeria: Lagos Shuts Oke-Afa, Katangua Markets
The Lagos State Government has sealed Oke-Afa Market, Isolo Market, and Katangua Market in Abule Egba for violations of waste disposal regulations and for various unhygienic… Read more »
January 18
Nigeria: Rising Inflation - NECA Urges Govt's Intervention in Forex Market
Nigeria Employers' Consultative Association, NECA, has called on the federal government to entrench and sustain productive foreign exchange, FX, management through adequate… Read more »
Nigeria: 50% of Nigerians Have No Access to Electricity - Mele Kyari
Chief Executive Officer of the Nigeria National Petroleum Company, NNPC, Limited, Mr. Mele Kyari, yesterday, noted that for Nigeria to prosper and develop, it must bridge the… Read more »
Nigeria: 'Illegal Miners' Explosives Caused Ibadan Blast'
Following the explosion that rocked major parts of Ibadan, on Tuesday, one of the survivors, Alhaji Mohammed Musa, who lives close to the epicentre, said it was foreigners, who… Read more »
Nigeria: 700 Lagos Buildings Sealed in 2023 for Flouting Laws
THE Lagos State Physical Planning Permit Authority, LASPPPA, yesterday, disclosed that the 700 buildings sealed in 2023 for flouting the relevant state's laws. Read more »
Nigeria: FEC Expresses Worry Over Rising Cost of Goods
·Deliberates on improving business environment Read more »
January 16
Nigeria: 'Govt to Provide Electricity to People in Unserved, Underserved Communities'
The Minister of Power, Chief Adebayo Adelabu, has vowed that the Federal Government will provide electricity to unserved and underserved communities in Nigeria. Read more »
Nigeria: Many Dead After Boating Incident In Niger State
An undisclosed number of persons have been confirmed dead in a boat mishap which occurred in Borgu Local Government area of Niger State, yesterday. Read more »
Nigeria: Brain Drain and Funding Challenges in Nigeria's Health Sector
Over the years, Nigeria has dealt with a profound crisis plaguing its healthcare system, exacerbated by the alarming rate of brain drain among its highly-skilled medical… Read more »
Nigeria: President Tinubu Reassures on Mass Exodus of Young Professionals
President Bola Tinubu has asked Nigerians not to be worried about the mass exodus of young professionals to other countries. Read more »
January 15
Nigeria: Economy - Nigerians Patronise Locally-Made Clothes to Cut Cost
Nigerians no longer care about what people say or do as far as whatever strategy they adopt can solve major and minor problems thereby reducing costs. Read more »
Nigeria: Manufacturing Sector Threatened As CRR Rises 45.5% to N13.81 Trillion
As more multinational companies exit Nigeria over exchange rate volatility, economists and other Investment analysts fear that more businesses may face similar fate as the amount… Read more »
Nigeria: How We Delivered Govt's Privatisation Agenda for 7 Years - Ex-BPE Boss
The immediate past Director-General of the Bureau of Public Enterprises, BPE, Mr. Alex Okoh, has given insight into how the bureau conducted the Federal Government privatization… Read more »
Nigeria: Dangote, Bua, Banks and Economic Chaos
"You burn down the house to roast the pig(s). It was the only way mankind always roasted the pig(s)." Saul Bellow, 1915-2005. Read more »
January 11
Nigeria: African Continental Free Trade Agreement Can Create GDP of $500bn By 2035 - Moghalu
A former deputy governor of the Central Bank of Nigeria CBN, Kingsley Moghalu said the African Continental Free Trade Agreement can create an additional GDP of almost $500 billion… Read more »
January 10
Nigeria: NNPC Allocates Four Crude Oil Cargoes to $20bn Dangote Refinery
NNPC Ltd., has scheduled to supply four crude oil cargoes, (four million barrels), under its February programme to the $20 billion Dangote refinery. Read more »
Nigeria: Cadbury Nigeria to Sell 402m Shares Over Inability to Pay $7.7m Debt
Cadbury Nigeria has offered to swap its $7.7 million (N7.03 billion) debt owed to Cadbury Schweppes Overseas Limited for more equity. Read more »
January 09
Nigeria: Cadbury Nigeria to Sell 402m Shares Over $7.7m Debt
Cadbury Nigeria has offered to swap its $7.7 million (N7.03 billion) debt owed to Cadbury Schweppes Overseas Limited for more equity. Read more »
Nigeria: Fears Over Nigeria's Budget 2024 As Bonny Light Price Drops to $76.19 Per Barrel
THERE were fresh fears over the successful implementation of Nigeria's 2024 budget as the price of Bonny Light dropped to $76.19 per barrel in the global market. Read more »
January 08
Nigeria: Army Destroys 233 Illegal Refineries in Four South-South States
The 6 Division, Nigerian Army, Port Harcourt, destroyed 233 illegal refineries during "Operation Still Waters 3" in four states in 2023. Read more »
Nigeria: Dangote Refinery Set for Production, Receives 6th Batch of 1m Crude Oil Barrels January 8
Dangote Refinery appears set to commence production of refined petroleum products with the receipt of the sixth batch of barrels of crude supplied by the Nigeria National Petroleum… Read more »