October 24, 2023
Nigeria: Nigeria Wins U.S.$11 Billion P&ID Case in UK Court
Justice Robin Knowles of the Commercial Courts of England and Wales has ruled in favour of Nigeria and quashed the enforcement of the $11 billion arbitration award in favour of… Read more »
Nigeria: Subsidy Removal, Exchange Rate Unification Have Achieved Desired Objectives - Tinubu
Amidst the inflationary impact of the removal of petrol subsidy, President Bola Tinubu has indicated that the measure has achieved desired objectives. Read more »
Nigeria: Forex Pressure - $10bn Inflow Coming in Weeks-Finance Minister
Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun yesterday said that the economy will receive $10 billion in foreign exchange inflows in the next few… Read more »
Nigeria: Consider Ondo Ex-Militants for Pipeline Contracts - Niger Delta Group
Former militants in Ondo State, under the aegis of Niger Delta Coastline Vanguard, NDCV, yesterday, called for the review of the policy on the decentralisation of the pipeline… Read more »
Nigeria: Fuel Price Rises 226.75% to N626.21 Per Litre - Report
The price of Premium Motor Spirit, otherwise known as petrol increased year-on-year, YoY, by 226.75 per cent to N626.21 per litre in September 2023, from N191.65 per litre,… Read more »
Nigeria: Uganda Airlines Commences Direct Flight to Lagos, Gets Kano Abuja Routes
Uganda Airlines has commenced direct connectivity to Lagos from Entebbe International Airport with three weekly flights to Lagos. Read more »
Nigeria: Nigeria Records 33.58% Reduction in Fuel Consumption, Says NMDPRA Boss
The Chief Executive Officer of Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, Farouk Ahmed, yesterday, said that industry deregulation has actually seen… Read more »
October 23, 2023
Nigeria: Foreign Illegal Miners to Blame for Banditry in Nigeria - Dele Alake
inister of Solid Minerals, Dele Alake said foreign illegal miners are to blame for the spate of banditry in Nigeria. Read more »
Nigeria: High Cost of Borrowing - Govt Targets Domestic Market to Fund N9.05trn Budget Deficit
The apparent high cost of borrowing internationally, following the massive fall in the value of the naira, may have forced the federal government to reverse its borrowing plan to… Read more »
October 20, 2023
Nigeria: Govt, Labour's Deal Under Threat, NLC Accuses Lalong of Violation
A nationwide strike looms as the agreement between the Federal Government and Nigeria Labour Congress, NLC, on the implementation of measures to cushion the effects of petrol… Read more »
October 19, 2023
Nigeria: Diesel Suppliers, Generator Dealers Sabotaging Power Supply - Ex-Minister, Nnaji
A former Minister of Power, Prof. Barth Nnaji, has alleged that diesel suppliers and generator dealers are sabotaging efforts for Nigerians to enjoy regular power supply. Read more »
October 18, 2023
Nigeria: $1.1 Billion Malabu Oil Fraud - Judge Berates EFCC Over Delay in Trial of Adoke, Others
Trial Justice Idris Kutigi of a High Court of the Federal Capital Territory sitting at Jabi, on Wednesday, slammed the Economic and Financial Crimes Commission, EFCC, over its… Read more »
Africa: Energy Transition Should Be Just, Fair to Nigeria, Africa - Obasanjo
Former President Olusegun Obasanjo, yesterday, urged the developed economies to work towards making energy transition process just and fair to Nigeria and other African countries. Read more »
October 16, 2023
Nigeria: Tinubu Secures U.S.$1.5 Billion Zero-Interest World Bank Loan
The second Federal Executive Council (FEC) meeting took up the issues of the economy as the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun announced… Read more »
October 15, 2023
Nigeria: Borno Govt Backs Residents Protest Over Evacuation of Railway Coaches
The Borno state Government under the leadership of governor Babagana Zulum has threw more weight behind streets protest by residents of Goidamgari and Railway Terminus general area… Read more »
October 14, 2023
Nigeria: Oil Pipeline Contracts - Uneasy Calm As Niger-Delta Stakeholders Renew Resource Control Agitation
·Youths point a finger at North, South-West cabal Read more »
October 13, 2023
Nigeria: Nigeria's Rig Count Rises 61% to 29 As Investors Respond to Pia, Others - NUPRC
Nigeria's rig count, an index of measuring upstream activities in the oil and gas industry, rose, Year-on-Year, YoY, by 61.1 per cent to 29 in September 2023, from 18, recorded in… Read more »
Nigeria: Shettima to Investors - We'll Supply Your Power Needs With No Strings Attached
Vice President Kashim Shettima, yesterday, assured investors in the country of the determination of the President Bola Tinubu-led administration to ensure adequate power supply… Read more »
Nigeria: Apapa Gridlock - Lagos Govt Evacuates Abandoned Trucks
....Impounds 18 for indiscriminate parking Read more »
October 12, 2023
Nigeria: Inflation - Protect Poor People From High Energy Prices, IMF Tells Govt
lLists measures to leverage untapped tax potential to raise revenuelCalls for expenditure cuts or reprioritizationlAnalysts in divergent views on IMF's recommendations Read more »
October 11, 2023
Nigeria: IMF Raises Alarm Over Rising Inflation
The International Monetary Fund, IMF, has raised alarm over the negative effects of high inflation on consumption of goods and services in the country, even as it downgraded its… Read more »
October 10, 2023
Nigeria: eNaira No Threat to Financial Stability - CBN
The Central Bank of Nigeria (CBN) has assured that the e-Naira, its digital currency, poses no threat to financial stability in the country. Read more »
Nigeria: IMF Denigrates Nigeria's Economic Growth
The International Monetary Fund has downgraded Nigeria's economic growth by 0.3 percentage points to 2.9 per cent for 2023 as a result of lower production in oil and gas. Read more »
Nigeria: Japa - Residents Live in Cemetery, Streets As Rents Soar in Canada
Many people are experiencing homelessness as housing prices and rents have increased in Canada's real estate markets. Read more »
Nigeria: Impede Oversight, Others Endanger Nigeria's Aviation Sector Devt - Ojikutu
A former Military Commandant at the Murtala Muhammed International Airport, MMIA, Group Capt. John Ojikutu, has raised significant concerns about the lack of oversight,… Read more »