December 20, 2023
Nigeria: Group Denies Plan to Liquidate Businesses, Inducts 72 New Members
The President of the Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN), Mr. Chimezie Victor Ihekweazu, has denied insinuation that his group is out to… Read more »
Nigeria: NNPC, TotalEnergies Sign MOU On Methane Detection Technology Deployment
The Nigerian National Petroleum Company (NNPC) Ltd has signed a Memorandum of Understanding (MoU) with TotalEnergies for the adoption and deployment of a methane detection… Read more »
Nigeria: CBN Insists Building $1trn Economy Requires Strengthening of Nigerian Banks
The Central Bank of Nigeria (CBN) has disclosed that the proposed bank recapitalisation is needed as a fuel for the government's $1 trillion economy ambition and a sustainable… Read more »
December 19, 2023
Nigeria: Firstbank Warns SMEs Against Loan Sharks
First Bank of Nigeria has urged small and micro business holders against sourcing funding from loan sharks and overstretching themselves financially to avoid stress and financial… Read more »
Nigeria: MTN Nigeria Raises N72.1 Billion Via CP
MTN Nigeria Communications (MTNN), said it has raised N72.1 billion through its 266-day commercial paper (CP). Read more »
Nigeria: Varsity Workers Differ On Centralised Payment System
The Senior Staff Association of Nigerian Universities (SSANU) has appealed to the government to consider the use of an improved version of University Peculiar Personnel and Payroll… Read more »
Nigeria: UBA Secures $175m AfDB Loan to Support Private Sector, Infrastructure Development
Towards enhancing its support to the private sector and financing of infrastructure development in Africa's largest economy, Nigeria, the United Bank for Africa (UBA) has received… Read more »
December 18, 2023
Nigeria: Petroleum Ministry's 2024 Budget Cannot Meet Nigerians' Expectations - Lawmakers
The Joint National Assembly Committee on Petroleum Resources (Upstream, Downstream, Gas) has expressed disappointment over the 2024 budget of the Ministry of Petroleum Resources,… Read more »
December 19, 2023
Nigeria: Shettima Woos Investors, Says Tinubu Administration Focused On Growing Energy Sector
Vice President Kashim Shettima has urged investors, both domestic and international, to avail themselves of the new opportunities created by power deficit and federal government's… Read more »
December 18, 2023
Nigeria: Why Onion Prices Will Increase Before Year End - - Kano Farmers
Onion farmers in Kano State are sounding the alarm as they anticipate a significant spike in onion prices this year, attributing the increase to the exorbitant cost of fuel… Read more »
Nigeria: Indigenous Oil Producers Seek Review of PIA
The Independent Petroleum Producers Group (IPPG), has called for review of critical aspects of the Petroleum Industry Act (PIA) to strengthen the regulatory framework and… Read more »
Nigeria: Govt Pledges Support to Private Investment in Sports
Federal government has pledged to support private investments in sports. Read more »
Nigeria: Subsidy Removal - Bayelsa Residents Waiting Endlessly for Federal Govt Palliatives
Unlike other states of the federation where the N2bn palliative fund as well as food items received from the federal government were already disbursed to citizens to cushion the… Read more »
December 15, 2023
Nigeria: I Will Make Nigeria Import, Export Hub - President Tinubu
President Tinubu has disclosed plans by his administration to turn Nigeria into a hub of export and import activities. Read more »
December 13, 2023
Nigeria: Federal Government Spends N600bn On Electricity Subsidy in 2023
Federal government has spent over N600 billion to subsidise electricity in 2023 alone, as forex unification and the high inflationary pressures in pushed cost-reflective tariffs to… Read more »
December 10, 2023
Nigeria: UK Court Awards £20m to Nigeria in P&ID Case Victory
In a major development in the long-running legal battle between Process & Industrial Developments Limited (P&ID) and the Nigerian government, a UK court has awarded Nigeria… Read more »
December 06, 2023
Nigeria: P&G Pulls Back From Nigeria, Argentina's Markets in Restructuring Move
Nigerian consumers will soon see fewer Procter & Gamble (P&G) products on shelves, as the American multinational consumer goods company announced a limited market portfolio… Read more »
Nigeria: Nigeria, Kuwait Strengthen Aviation Ties, Sign Bilateral Air Agreement
Nigeria and the State of Kuwait have strengthened their aviation ties through the signing of Bilateral Air Service Agreement (BASA). Read more »
Nigeria: ASUU Laments Exodus of Lecturers From Public Varsities
Academic Staff Union of Universities (ASUU) has raised the alarm over the mass resignation of lecturers from Nigeria's universities. Read more »
Nigeria: Nigeria to Revoke 33 Unused Oil Licences - NUPRC
The federal government is planning to revoke unused oil exploration leases that companies were granted but have not been able to carry out any exploration activities on them. Read more »
December 05, 2023
Nigeria: COP28 - Nigeria's Gas Flare Monetisation Targets 50 Percent Carbon Emission Reduction - NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed plans to reduce Nigeria's Carbon emission by as much as seven million tonnes of CO2 emission per year… Read more »
Nigeria: COP28 - Several Nations Promise to Shut Coal Powered Plants
Several nations vowed at COP28 in Dubai, to phase out coal plants which are identified as contributing so much to global warming. Read more »
December 03, 2023
Nigeria: 2024 Budget Lacks Transparency in Project Selection - Sen Nwoko
The senator representing Delta North, Ned Nwoko, has said the 2024 budget presented by President Bola Tinubu last week lacks transparency in selection of projects to be executed. Read more »
December 01, 2023
Nigeria: South African Billionaire's Son Buys Nigeria's Largest Beverage Can Maker
In a move that signals confidence in Nigeria's economic recovery, Jonathan Oppenheimer, son of South African billionaire, Nicky Oppenheimer, has acquired full ownership of GZ… Read more »
Nigeria: National Assembly May Pass 2024 Budget December 19
There are strong indications that the National Assembly (NASS) may pass the 2024 Appropriation Bill of N27.5 trillion on December 19, 2023. Read more »