February 09, 2023
Nigeria: UN Raises Concerns Over Fuel, Naira Scarcity, Violence On Nigerian Elections
The United Nations (UN) System in Nigeria has expressed concerns over possible adverse effects of the lingering fuel scarcity, the difficulties imposed on Nigerians by the Naira… Read more »
Nigeria: Renewed Confidence in Aviation Sector Raises Local Airlines Participation - NCAA
The director general, Nigerian Civil Aviation Authority (NCAA), Captain Musa Nuhu, disclosed that increased confidence in the nation's aviation sector has made new airlines come… Read more »
Nigeria: Abuja Light Rail Project
The multi-billion-naira Abuja Rail Mass Transit project appears to have been abandoned. It's sad that such a legacy project is gradually rotting away after being commissioned by… Read more »
February 08, 2023
Nigeria: IMF Recommends More Fiscal, Monetary Tightening for Nigeria
The International Monetary Fund (IMF) has underscored near-term downside risks arising from Nigeria's elevated inflation, high debt-servicing costs, external sector pressures, and… Read more »
February 07, 2023
Nigeria: Currency Swap - Kola Abiola Berates APC for Imposing Hardship On Nigerians
The presidential candidate of the Peoples Redemption Party (PRP), Mr. Kola Abiola, has faulted the All Progressives Congress (APC)-led administration for imposing untold hardship… Read more »
Nigeria: 3 Days to Go - Cash Crunch Worsens, Banks Defy CBN On N20,000 OTC Payment
The cash crunch in the country worsened yesterday barely three days to the February 10 extended deadline for cash swap, as mammoth crowds continued to swamp banking halls and… Read more »
February 06, 2023
Nigeria: Court Stops Buhari, CBN, Others From Suspending Currency Swap Policy
An High Court of the Federal Capital Territory (FCT), on Monday, restrained President Muhammadu Buhari, Central Bank of Nigeria (CBN), the Governor of CBN and 27 commercial banks… Read more »
Nigeria: Fuel Scarcity Subsides As NNPC Evacuates 450.92m Litres in 1 Week
The Nigerian National Petroleum Company (NNPC) Limited has said that an average of 64.42 million liters of premium motor spirit (PMS) were evacuated on a daily basis between… Read more »
February 03, 2023
Nigeria: Nigeria Spent 41% of 2022 Revenue On Debt Service - Finance Minister
The federal government spent 41 per cent of the revenue generated in 2022 to service its N44.06 trillion debt, the Minister of Finance, Budget and National Planning, Zainab Ahmed… Read more »
Nigeria: NLC Elects New Leaders Feb 7
All is now set for the Nigeria Labour Congress (NLC) to elect new leaders to pilot its affairs for the next four years. Read more »
Nigeria: Naira Swap - Pains Will Soon Be Over, Federal Govt Assures Nigerians
Federal government has said the pains being experienced by Nigerians in their bid to swap the old naira for the re-designed ones is regrettable and transient but necessary for the… Read more »
February 02, 2023
Nigeria: Fragile Borders Fueling Terrorism, Economic Sabotage, Illicit Flow of Arms - Buhari
Nigeria and her neighbours must place higher premium on the effective policing of borders, as the fragile nature of entry points into various countries enhance terrorism, economic… Read more »
Nigeria: Naira Swap - Bank Chiefs Challenge CBN On Quantity of New Notes
The cash crunch that hit most banks in the country since Monday, January 30, 2023 continued yesterday as banks said they have not been getting enough cash from the Central Bank of… Read more »
January 31, 2023
Nigeria: Naira Swap - No Nigerian Will Lose Money - Emefiele
Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has assured that no Nigerian would lose his or her money to the Naira swap policy of the government. Read more »
February 01, 2023
Nigeria: INEC Worries Over Worsening Fuel Crisis Ahead of Polls
Just 24 days to the 2023 presidential elections, the Independent National Electoral Commission (INEC) yesterday shared the same concerns raised by the National Union of Road… Read more »
January 31, 2023
Nigeria: Currency Swap Deadline - CBN Seeks Enlightenment for Rural Communities
Officials of the Central Bank of Nigeria (CBN) have asked traders at Yola town market to take the message of the federal government's extension of the return of old naira notes to… Read more »
Nigeria: IMF Reviews Nigeria's Growth Upwards to 3.2 %
The International Monetary Fund (IMF) in its latest World Economic Outlook update for January, released last night, has reviewed upwards growth projections for Nigeria in 2023 from… Read more »
Nigeria: Lagos Consumers Protest Ikeja Electric Threat to Withdraw Pre-Paid Meters
A group of entrepreneurs and customers of Ikeja Electric Plc in Lagos State have sent a Save Our Sour (SOS) to the minister for power of the firm's threat to withdraw pre-paid… Read more »
Nigeria: Emir of Kano Hails Buhari for Extending Naira Swap Deadline
The Emir of Kano, Alhaji Aminu Ado Bayero, has commended President Muhammadu Buhari for the 10 days extension of the naira swap deadline and his administration's execution of… Read more »
Nigeria: Bankers, Syndicates Accused of Selling New Naira Notes
Department of State Services (DSS) has intercepted bank officials among the syndicates, who specialise in trading in the new naira notes around the country. Read more »
January 30, 2023
Nigeria: State House Will Lead Nigeria's Energy Transition Plan - Gambari
Chief of Staff to the President, Professor Ibrahim Gambari has declared that the State House will lead the way in keying into the global shift towards renewable energy choices by… Read more »
Nigeria: Lekki Port to Facilitate Trade Volume, Increases GDP Growth
Promoter of the Lekki Deep Sea Port, Lekki Port LFTZ Enterprise has stated that the Lekki Port will revolutionise maritime activities in Nigeria, noting that, with the… Read more »
Nigeria: Nigeria Data Protection Market Value Hits N5.5 Billion - Minister
Minister of Communications and Digital Economy, Prof. Isa Ibrahim Pantami has disclosed that the market value of Nigeria Data Protection Bureau (NDPB) in the digital economy sector… Read more »
Nigeria: Airlines Struggle for Survival Under Current Foreign Exchange Rate
United Nigeria Airline (UNA) has disclosed that local airline operators can no longer survive at the regular commercial foreign exchange rate in the country. Read more »
Nigeria: Money Market - Cutting Dollar Spending With Afrigo, Nigeria's Domestic Card
Last week, the Central Bank of Nigeria(CBN), in collaboration with the Nigeria Inter Bank Settlement System (NIBSS) unveiled Afrigo Pay, Nigeria's own domestic card, putting a… Read more »