December 06, 2023
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 »
November 24, 2023
Nigeria: Federal Govt, World Bank Launch $750m Business Reforms Fund for States
The federal government in collaboration with the World Bank has come up with another fiscal reform programme called "State Action on Business Enabling Reforms (SABER)" which will… Read more »
Nigeria: Nigeria Not Losing Crude Volume From Egina Facility - TotalEnergies
Oil major TotalEnergies has denied reports that massive spill had occurred in its 200,000 barrels a day Egina facility. Read more »
November 23, 2023
Nigeria: Tobacco Industry Rating Jumps From 53 to 60 Points in 2023 - Report
A new report on the state of the tobacco industry interference in Nigeria has revealed a marked increase in the industry's meddling in public health policies, in particular,… Read more »
November 21, 2023
Nigeria: $1.6 Billion Foreign Airlines' Fund Trapped in Nigeria, Others - IATA
The International Air Transport Association (IATA), on Monday, said $1.68 billion belonging to foreign airlines are currently trapped in Africa. Read more »
November 20, 2023
Nigeria: ENI Suspends World Bank Arbitration in Nigeria's OPL 245 Dispute
Italy's oil giants, Eni, has suspended arbitration regarding an oilfield dispute with the Nigerian government, buying time to discuss a conversion of the licence from prospecting… Read more »
Nigeria: 25 Years After, Govt May Restore Controversial Malabu Oil Well
In a bid to ramp up Nigeria's oil production output, for the first time in 25 years the federal government is now ready to benefit from what is considered one of the juiciest oil… Read more »
November 19, 2023
Nigeria: Emirates Airline to Resume Soon - Aviation Minister
The minister of Aviation and Aerospace Development, Mr. Festus Keyamo has said Emirates Airline will resume operations in Nigeria soonest. Read more »
Nigeria: Navy Intercepts 127 Bags of Narcotics, Petroleum Products On Lagos Waters
The Nigerian Navy has intercepted 127 bags of cannabis sativa worth N254 million and drums of Automotive Gas Oil (AGO), worth several millions of naira. Read more »
November 17, 2023
Nigeria: Presidency, Obi Differ On Federal Govt's Spending, Hardship
As the presidential candidate of the Labour Party (LP) in the February 25 election, Peter Obi, picked holes in the economic policies of President Bola Ahmed Tinubu, the Presidency… Read more »
November 16, 2023
Nigeria: Nigeria Must End Reliance on Borrowing - Finance Minister
The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, has said the country cannot rely on borrowing to fund the 2024 budget. Read more »
Nigeria: Relief As Labour Leaders Suspend Indefinite Strike
After a meeting with the national security adviser (NSA), Malam Nuhu Ribadu, the Nigeria Labour Congress (NLC) and Trade Union Congress of Nigeria (TUC) have suspended the two-day… Read more »
November 15, 2023
Nigeria: CBN Ways and Means Fuelled Inflation, Weakened Naira - Sanusi
Former governor of the Central Bank of Nigeria, Muhammad Sanusi II, has said the apex bank's lending to the federal government under the administration of former President… Read more »
November 14, 2023
Nigeria: Tinubu Secures Multi-Billion Dollar in Infrastructure Funding From Islamic Bank
President Bola Tinubu, on Monday night, in Mecca, Saudi Arabia, advanced negotiations concerning a multi-billion dollar infrastructure finance facility from the Islamic Development… Read more »
Nigeria: Assault On Ajaero - Despite Court Order, Labour Begins Indefinite Strike
Despite a court order restraining the organised labour from embarking on any form of strike, the Nigeria Labour Congress (NLC) and the Trade Union Congress of Nigeria (TUC) have… Read more »
November 13, 2023
Nigeria: Senate Scrutinises MDAs 2024-2026 Fiscal, Expenditure Framework
The Senate has said that a genuine and deliberate collaboration between the legislature and the executive arms of government could produce a robust fiscal policy that would… Read more »
November 12, 2023
Nigeria: Declare Close Relatives, Connections With Politically Exposed Persons, Central Bank Tells Staff
The Central Bank of Nigeria (CBN) has issued a directive requiring its staff to declare 'close relatives' employed by the bank and disclose any connections to Politically Exposed… Read more »
November 11, 2023
Nigeria: President Tinubu Woos Saudi Investors
President Bola Tinubu has assured potential investors that their investments are safe in Nigeria. Read more »
November 10, 2023
Nigeria: Nigeria, Saudi Arabia Sign MOU for Oil, Gas Sector Cooperation
The Federal Government of Nigeria and the Government of the Kingdom of Saudi Arabia has signed a Memorandum of Understanding (MoU) to establish a robust framework for collaboration… Read more »