October 30, 2023
Nigeria: Taraba Boat Mishap - 15 Bodies Recovered, Others Missing
Fifteen bodies have been recovered and many more are feared missing as a boat carrying over 100 passengers capsized mid-water at Benue River on Saturday. Read more »
October 28, 2023
Nigeria: Kano Governor Presents U.S.$444 Million Budget to Assembly
Kano State Governor Abba Kabir Yusuf yesterday presented his maiden budget of N350 billion for 2024 to the State House of Assembly. Read more »
October 27, 2023
Nigeria: Experts Say De-Dollarising Economy Will Halt Naira Free Fall
Amid rising free fall of the Naira both at the official Nigerian Foreign Exchange Market (NAFEM) and the unofficial market, financial experts have called on the Central Bank of… Read more »
October 25, 2023
Nigeria: Govt's New Policy to Ease Tax Burden On Poor Nigerians - Oyedele
The Presidential Committee on Tax Reforms and Fiscal Policy has proposed a substantial reduction in Nigeria's extensive list of taxes and levies, which currently surpasses 60,… Read more »
Nigeria: Senate Investigates N11.35trn Spent On Moribund Refineries
The Senate has commenced investigation of all the contracts awarded for the rehabilitation of Worri, Port Harcourt and Kaduna refineries where N11.35 trillion was spent in 13… Read more »
October 24, 2023
Nigeria: Nigerians Are Getting Poorer By the Day
What the continuing and relentless drop in Naira value means is that all citizens are getting poorer by the day. Whether you are rich or poor, you are getting poorer. Read more »
October 20, 2023
Nigeria: Rights Group Tasks NNPC On Oil Sector Repositioning
A human rights group, Coalition for Good Governance and Open Leadership in Nigeria has urged the management of the Nigerian National Petroleum Corporation (NNPC) to support… Read more »
October 18, 2023
Nigeria: Ogun to Take Over Lagos-Ota-Abeokuta Road Project
Ogun State government has declared its readiness to take over the construction of the Lagos-Ota-Abeokuta Road from the federal government and transform it into a world-class… Read more »
Nigeria: Federal Govt Pays N135bn Electricity Subsidy to Stop Tariff Hike
The federal government paid a total of N135.23 billion to subsidise electricity consumption in the second quarter of 2023, the Nigerian Electricity Regulatory Commission (NERC) has… Read more »
October 17, 2023
Nigeria: Tinubu Urged to Position Nigeria to Tackle Climate, Debt Crises
A group, Africa Network for Environment and Economic Justice (ANEEJ), has said that despite a report that Nigeria and 10 other Economic Community of West African States (ECOWAS)… Read more »
October 16, 2023
Nigeria: Central Bank Chief May Abandon Anchor Borrowers, eNaira, Currency Redesign
New governor of the Central Bank of Nigeria, Olayemi Cardoso, may have opted out of some key development finance projects of his predecessor, Godwin Emefiele, a move that will halt… Read more »
Nigeria: USAID Mobilises N188 Billion for Nigerian Agribusinesses in 7 States
T he United States Agency for International Development (USAID), has mobilised N188 billion in private debt and equity financing to support agribusiness across Nigerian seven… Read more »
October 13, 2023
Nigeria: IMF Discusses Debt With Creditors As Nigeria Considers Restructuring
With the Nigerian government ruminating over the idea of debt restructuring, the International Monetary Fund (IMF) has said, it is in discussion with creditors on finding… Read more »
Nigeria: Minister Demands Timely Completion of Akk Gas Pipeline Project
The minister of state Petroleum Resources (Gas), Ekperikpe Ekpo, has charged contractors handling the 614 kilometer Ajaokuta, Kaduna, Kano (AKK) gas pipelines project not to… Read more »
October 12, 2023
Nigeria: Fire Outbreak As Residents Scoop Fuel From Fallen Tanker in Lagos
A fire outbreak has occurred around Otedola Bridge in Ojodu-Berger area of Lagos on Thursday evening following scooping of petrol from a fallen petrol tanker by residents. Read more »
October 13, 2023
Nigeria: 8 Years After, Central Bank Opens Forex Border to 43 Banned Items
The Central Bank of Nigeria (CBN) has lifted the ban on 43 food and non-food items previously restricted from accessing foreign exchange from the official window, a move that would… Read more »
October 12, 2023
Africa: Africa's Total Exports to Hit $1trn By 2035 - Standard Chartered
Standard Chartered report has revealed that Africa's total exports are expected to hit close to $1 trillion by 2035. Read more »
Nigeria: Federal Govt Warns State Govts Against Interference in Mining Activities
The minister of solid minerals development, Dele Alake, yesterday declared that state governors have no legal authority to ban or regulate mining activities in their states without… Read more »
Nigeria: Sanwo-Olu Writes Assembly, Seeks Reordering of 2023 Budget
Governor Babajide Sanwo-Olu has written to the Lagos State House of Assembly seeking reordering of the sum of N234.669 billion from the 2023 budget of N1.768 trillion. Read more »
Nigeria: Building Collapse - Dangote Cement Urges Builders to Use Quality Materials
Group managing director, Dangote Cement Plc, Mr. Arvind Pathak, has tasked professional builders in the country to prioritize the use of quality materials in building projects as a… Read more »
October 11, 2023
Africa: Nigeria Rises to 4th in Africa's Trade Rankings
The latest Africa Trade Barometer has revealed that Nigeria has moved up four positions from eighth to forth in the country rankings. Read more »
October 10, 2023
Nigeria: Nigeria Requires $25bn Investment to Achieve 4m Barrels Daily Oil Production
A reconstructed energy transition agenda and annual investment of about $25 billion would help address Nigeria's energy woes and support the country's efforts to realise 4 million… Read more »
October 09, 2023
Nigeria: U.S.$114 Billion National Debt - Stakeholders Frown at Excessive Borrowing
Stakeholders have called for more discipline to curb excessive borrowing at all levels of government, especially in the face of the mounting national debt now in the excess of… Read more »
October 07, 2023
Nigeria: Federal Govt to Launch U.S.$617 Million Investment in Digital, Creative Enterprises
Determined to deliver on the promise to create millions of jobs in the technology space, President Bola Ahmed Tinubu's administration has proposed November 2023 to launch the… Read more »
October 06, 2023
Nigeria: Ghost Workers - Reps Urge Fderal Govt to Conduct Forensic Staff Audit
The House of Representatives has urged the Federal Government through the Office of the Secretary to the Government of the Federation to carry out a forensic audit of its staff to… Read more »