April 19, 2023
Nigeria: China Denies Funding Terrorists to Access Nigerian Mineral Reserves
The Chinese government has denied funding terrorist groups in parts of Nigeria to secure access to mineral reserves. Read more »
April 18, 2023
Nigeria: Subsidy Removal Is Best Economic Decision to Reduce Nigeria's Debt - LCCI
The Lagos Chamber of Commerce and Industry (LCCI) says the Federal Government's planned petrol subsidy removal remains one of the best economic decisions that will reduce Nigeria's… Read more »
Nigeria: Flight Disruptions As Aviation Unions Begin 2-Day Warning Strike
Flight operations were yesterday disrupted across the country, following the two-day strike embarked upon by unions in the aviation sector to protest what they described as… Read more »
Nigeria: Global Energy Demand to Increase By 23% to 2045 - OPEC
The Organisation of Petroleum Exporting Countries (OPEC) says global primary energy demand is forecast to increase by 23 per cent in the period to 2045, which necessitates… Read more »
April 16, 2023
Nigeria: Opposition Leader Odinga Urges Hague Court to Investigate Killing of Protesters
Kenyan opposition leader Raila Odinga has called for the intervention of the International Criminal Court (ICC) over the alleged "killing and maiming" of his supporters by the… Read more »
April 17, 2023
Nigeria: Funding Squeeze to Undermine Development in Nigeria, Others - IMF
The International Monetary Fund, IMF, has said that Nigeria and many other Sub-Saharan African countries may be facing funding squeeze that would undermine its development in the… Read more »
Nigeria: How World Bank Creates Debt Burden in Nigeria
"$800 million at best is equivalent to about N360 billion and when you divide this by the targeted 10 million households, that amounts to approximately N36,000. What significant or… Read more »
Nigeria: Fuel Subsidy - IMF Reluctant to Interfere With Nigeria's Decision
THE International Monetary Fund, IMF, has expressed disapproval of subsidy policies for certain commodities in Nigeria, Kenya and other countries in Sub-Saharan Africa, giving… Read more »
April 16, 2023
Nigeria: Kebbi' - S Governor Elect, a Testimony to Hard Work - NLC
The NLC on Sunday in Abuja described the victory of Dr Nasiru Idris as governor-elect in Kebbi as a testimony to hard work, commitment, humility and philanthropy. Read more »
Sudan: Saudi Plane Hit By Gunfire As Army, Paramilitaries Clash in Sudan
A passenger plane preparing to take off from Sudan for Saudi Arabia caught fire on Saturday as deadly fighting between the army and paramilitaries broke out in Khartoum, the… Read more »
April 14, 2023
Nigeria: World Bank Lists Challenges for Nigeria's Incoming Govt
Against the backdrop of the imminent assumption of office, the World Bank Group, WBG, has given a long list of challenges that need to be addressed in the immediate term by the new… Read more »
Nigeria: No Local Refining, No Subsidy Removal, NUPENG Warns
Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has warned the Federal Government not to contemplate the removal of the subsidy on petrol without local refining… Read more »
Nigeria: 2 Million Nigerians Benefited From 2022 Poverty, Growth Strategy Projects - Govt
No fewer than two million vulnerable Nigerians, across the country, have benefited from projects implemented under the Federal Government's National Poverty Reduction with Growth… Read more »
April 12, 2023
Nigeria: IMF Explains Debt Crises in Nigeria, Other Low-Income Countries, Makes Recommendations
Amidst rising public debts and debt servicing burdens amongst low-income countries, including Nigeria, the International Monetary Fund, and IMF, has given general clues on what is… Read more »
April 13, 2023
Nigeria: IMF, World Bank Discuss Debt Sustainability, Restructuring Challenges
The Global Sovereign Debt Roundtable (GSDR), on Wednesday discussed debt sustainability and debt restructuring challenges and ways to address them. Read more »
Nigeria: Nigeria, Others in G-24 Call for Reforms in World Bank Supports Systems
The intergovernmental group of twenty-four (G-24) on international monetary affairs and development has expressed their concerns over some of the measures undertaken by the World… Read more »
Nigeria: 7 Rescued As 7-Storey Building Collapses in Banana Island
A seven-storey building under construction caved in yesterday, at First Avenue, Banana Island, Ikoyi, Lagos. Read more »
April 12, 2023
Nigeria: Why Debt Burden Will Worsen for Nigeria, Other Low Income Countries - IMF
The global economic slowdown projected by the International Monetary Fund, IMF, in the short to medium term is expected to mount pressures on developing and low income countries… Read more »
Nigeria: Oke-Ogun Residents Laud Makinde Over 2.65 Ebedi Community Road Construction
The Landlords and Landladies Association of Ebedi Community Phase 11, in Iseyin Local Government, yesterday, lauded the gesture of Governor Seyi Makinde, for approving the… Read more »
Nigeria: Oil Market - Nigeria, Russia Account for 440,000 Bpd Drop in Output - Report
The Organisation of Petroleum Exporting Countries, OPEC, and its allies popularly known as OPEC+, recorded a drop of 440,000 barrels per day, bpd oil output in March 2023, due to… Read more »
Nigeria: IMF Sees Decline in Nigeria's Economic Growth in 2024 to 3 Percent
At the backdrop of the in-coming new regime in Nigeria, the International Monetary Fund, IMF, has indicated that the country's economic growth will see further slowdown to 3.0… Read more »
April 11, 2023
Nigeria: Foreign Trade - Nigeria's Outbound Cargo Volume Remains Weak
Nigeria's hope of witnessing export-driven economic growth through air cargo remains a far cry, as the sector's share of total trade volume appears abysmal. Read more »
April 10, 2023
Nigeria: Dangote Has Given Nigeria New Height, Global Reputation - Buhari
President Muhammadu Buhari on Monday greeted leading businessman and philanthropist, Aliko Dangote, as he marks his 66th birthday, wishing him a long, healthy life and a joyful… Read more »
Nigeria: UK Places Nigeria On Red List of Countries That Should Not Be Considered for Health Workers' Recruitment
The United Kingdom has put Nigeria on the red list of countries that should not be actively considered for recruitment by health and social care employers. Read more »
Nigeria: Nigeria's Oil Production Drops 2 Percent to 1.517million Bpd
Nigeria's oil production dropped month-on-month, MoM, by 2 per cent to 1.517 million barrels per day, bpd in March 2023, from 1.547 million bpd recorded in the preceding month of… Read more »