October 20, 2022
Nigeria: AfDB, FCMB Sign $50m Line of Credit Agreement for SMEs
The African Development Bank has signed a $50 million Line of Credit Agreement with Nigeria's First City Monument Bank (FCMB) to support access to finance for small and… Read more »
Nigeria: Fuel Scarcity Lingers in Abuja Despite 146 Truckloads Delivery
The petrol scarcity in Abuja the federal capital territory, and its environs is biting harder despite assurances from both the Nigerian National Petroleum Company (NNPC) Limited… Read more »
October 19, 2022
Nigeria: Nigeria Not Planning to Restructure Debt - Finance Minister
The minister of finance, budget and national planning, Zainab Ahmed, has said Nigeria was not planning to restructure its debt, contradicting her earlier claim that the government… Read more »
Nigeria: Scale of Oil Theft Has Significantly Reduced - Kyari
The group chief executive officer of the Nigeria National Petroleum Company (NNPC) Limited, Mele Kyari yesterday said cooperation with security agencies has significantly reduced… Read more »
October 18, 2022
Nigeria: Pantami, Danbatta to Lead Discourse As Nigeria Targets 120,000km Fibre Deployment
The minister of Communications and Digital Economy, Professor Isa Pantami, the Executive Vice Chairman of the Nigerian Communications Commission, Professor Umar Danbatta, and state… Read more »
Nigeria: Liquid Steel Production - Iron, Steel Workers Fault Kaduna Govt Over Claims
The federal government has been advised to be wary of the deceptive declaration by the managing director, Kaduna Mining Development Company Limited, Dr. Mohammed Sani, claiming… Read more »
October 16, 2022
Nigeria: CBN Begins Grassroot eNaira Adoption With 7,740 Agent Points
Central Bank of Nigeria (CBN) has begun an inclusive campaign for grassroot adoption of its digital currency, eNaira. Read more »
Nigeria: Climate Change - Federal Govt Targets Sustainable Funding to Drive Smart Agriculture
As Nigeria gets set to participate in the 27th session of the United Nations Framework Convention on Climate Change (UNFCCC) in Egypt, the federal government has said that it is… Read more »
October 14, 2022
Nigeria: Governor Diri Approves N450 Million for Bayelsa Flood Victims
Bayelsa State Governor Douye Diri has approved an initial sum of N450 million for the relocation of persons displaced by the flood across the state to higher grounds and for the… Read more »
October 13, 2022
Nigeria: Why Ethiopia Airline Emerged Successful Bidder for Nigeria Air - Federal Govt
The federal government has explained that Ethiopian airline was chosen ahead of others as successful bidder to manage its new national carrier - Nigeria air, in order to open air… Read more »
October 12, 2022
Nigeria: 146 Petroleum Tankers Arrive Abuja As Lokoja Flood Recedes
The fuel queues being experienced in the Federal Capital Territory (FCT) Abuja and its environs is set to disappear as about 146 petroleum trucks have arrived Abuja following the… Read more »
Nigeria: Save Oil Revenues, IMF Urges Nigerian Govt
With the country still grappling with revenue challenges despite the boom in the global crude oil price in recent times, the Nigerian government has been urged to save up on oil… Read more »
Nigeria: Expect More Flooding in North Central, South East, Nimet Warns
Nigeria Meteorological Agency (NiMet) has said states in the North Central and South East in Nigeria should brace up for more flooding. Read more »
Nigeria: Nigeria Customs Service Yet to Make Cargo Scanners Operational, Continues 100% Physical Examination
Despite the acquisition and deployment of scanners to the Apapa, Tin-Can Island, Lagos and Onne seaports Port Harcourt, by the federal government to speed up cargo inspection and… Read more »
Nigeria: IMF Backs CBN's Stance of Raising Interest Rates
With the resolve of the Central Bank of Nigeria (CBN) to continue on its hawkish stance and hike benchmark interest rate as long as inflation remains high in the country, the… Read more »
Nigeria: Nigeria Has Potential to Become World Leader in Digital Economy - Osinbajo
Vice President Yemi Osinbajo, SAN, has said Nigeria has the requisite talents, creativity and acumen to become a world leader in the digital economy. Read more »
October 11, 2022
Nigeria: Nigeria's Inflation to Average 19 Percent in 2022, Says IMF
The International Monetary Fund (IMF) is projecting that Nigeria's inflation will moderate to an average of 19 per cent by the end of this year and further drop to 17 per cent by… Read more »
Nigeria: Flooding - IMF Seeks Social Assistance for Farmers to Curb Food Insecurity
With many farmlands under water due to the flooding in Benue, Kogi, Anambra and some other states in the country, the International Monetary Fund has warned that the country could… Read more »
October 10, 2022
Nigeria: Don't Borrow From Us to Fund Forex, Auctions, CBN Warns Banks, Others
The Central Bank of Nigeria (CBN) has warned commercial banks as well as authorised dealers to desist from accessing its discount windows to fund foreign exchange as well as… Read more »
October 09, 2022
Nigeria: Abuja-Kaduna Train Service Remain Suspended - Minister
The Minister of Transportation, Engr Mu'azu Sambo, has said that the Abuja-Kaduna train service will remain suspended until the federal government install security measures to… Read more »
Nigeria: Airpeace Resumes Johannesburg Operation
After suspending its Johannesburg route due to hike in Jet A1 and scarcity of foreign exchange, Air Peace airline, on Saturday, announced resumption of the route. Read more »
Nigeria: 30 Missing in Anambra Boat Mishap
Governor Charles Soludo yesterday ordered search after about 30 persons were said to be missing in a boat mishap that occurred at Umunnankwo community in the riverine Ogbaru local… Read more »
October 08, 2022
Nigeria: Call Off Strike Within 7 Days, Appeal Court Orders ASUU
The Court of Appeal, Abuja Division, has ordered the Academic Staff Union of Universities (ASUU) to immediately call of the on-going industrial action. Read more »
October 06, 2022
Nigeria: U.S.$1 Billion - Google Builds Cloud Interconnect Sites in Lagos, 3 Others
Google has started expanding its network through the Equiano subsea cable and is building Dedicated Cloud Interconnect sites in Johannesburg, Cape Town, Lagos and Nairobi as part… Read more »
Nigeria: Libya Accepts to Transport Nigeria's Gas to Europe
The Libyan government of National Unity has offered to transport Nigerian gas to Europe through its territory. Read more »