January 21, 2023
Nigeria: Banks Load New Notes On ATMs As CBN Intensify Monitoring Exercise
Banks have commenced loading of new Naira notes in their respective Automated Teller Machines(ATMs) as the Central Bank of Nigeria(CBN) intensified monitoring of banks to ensure… Read more »
Nigeria: No Approval for Increase in Petrol Price - Federal Govt
President Muhammadu Buhari has not approved any increase in the price of petrol, the minister of state for petroleum resources, Chief Timipre Sylva, said yesterday. Read more »
Nigeria: AfDB Tips Senegal, Mozambique Ahead of Nigeria in Gas Investment
The African Development Bank(AfDB) has seen countries like Senegal and Mozambique growing their economies ahead of Nigeria in 2023 following revenue from gas investments. Read more »
Nigeria: Will Obi's Labour Be Fruitful in 2023?
Audacious, promising and seemingly unstoppable in salvaging citizens from the crumbling old system that has kept Nigeria in the backwaters of underdevelopment, the former governor… Read more »
January 20, 2023
Nigeria: NNPCL Now Sells Petrol At N194/Litre As Scarcity Bites Harder
The Nigerian National Petroleum Company (NNPC) Limited yesterday increased the pump price of Premium Motor Spirit (PMS) at its filling stations to N194 per litre from N179 per… Read more »
January 19, 2023
Nigeria: Nigeria Boosts Opec's Oil Production Output in December
Nigeria played a crucial role to ensure Organisation of the Petroleum Exporting Countries(OPEC) recorded increased oil production in December 2022. Read more »
January 17, 2023
Nigeria: New Oil Bid Round to Advance Energy Security, Sustainability - NUPRC
The commission chief executive(CCE) of the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, has said, the 2022/23 mini bid exercise officially flagged off… Read more »
January 16, 2023
Nigeria: 21 Die, 95 Injured in Bauchi, Plateau Road Accidents
Five people have reportedly lost their lives while 12 people were injured in a fatal crash that occurred at Kili village in Darazo local government, Darazo - Kari Federal Highway,… Read more »
January 05, 2023
Nigeria: Another Fuel Scarcity Imminent As NUPENG Threatens Nationwide Strike
The respite from the long queues at petrol stations across the country following improved product supply may be short-lived as the Petroleum Tanker Drivers Branch of National Union… Read more »
Nigeria: EU Offers U.S.$3.4 Million Solar Grid Facility for Thousands of Nigerian Beneficiaries
The European Union(EU) has given approval for a $3.4 million working capital facility under the ElectriFI Country Window for Nigeria for Okra Solar to use solar mesh-grids to… Read more »
Nigeria: Environmentalist Seeks Adoption of Renewable Energy
An environmental expert, Mr Gafar Odubote, has tasked Nigerians on adaptation and adoption of renewable energy to address climate change effects. Read more »
Nigeria: Alteration of 2023 Budget - Federal Govt At Crossroads, Says Debt Profile May Hit N72 Trillion
The federal government is worried about the nation's rising debt stock, which the director-general of Debt Management Office, Ms Patience Oniha, says would hit about N72 trillion… Read more »
Nigeria: After 4 Years, Federal Govt Inaugurates New NDDC Board
Federal government has inaugurated the governing board of the Niger Delta Development Commission (NDDC). This is the first time in four years that the commission will have a… Read more »
January 04, 2023
Nigeria: Increasing Assault On Health Workers
It is becoming commonplace for hospitals and healthcare facilities in Nigeria to paste warnings to patients and their relatives on the rights of doctors and nurses to carry out… Read more »
Nigeria: Economists Flay Further Borrowing As President Buhari Signs U.S.$45 Billion Budget
With a daunting N67.7trillion debt profile facing the country, economists have flayed plans by the federal government to borrow a fresh N10.78 trillion to finance the deficit in… Read more »
December 30, 2022
Nigeria: Nigeria Ranks 11th of 20 Countries With Largest Oil Reserves
Nigeria has ranked 11th position on a top-20 list of countries with largest proven oil reserves, a publication by Insider Monkey has shown. Read more »
December 29, 2022
Nigeria: Experts Offer Solutions to Forex Scarcity, Declining MSMEs Sector
Finance and economic experts have advised the federal government on ways to fix forex scarcity and declining Micro, Small and Medium Enterprises (MSMEs) in the country. Read more »
Nigeria: Masari, Tambuwal Sign N289 Billion, N189 Billion 2023 Budgets Into Law
Katsina State Governor Aminu Ballo Masari yesterday signed into law the 2023 budget bill of N289.6 billion. Read more »
Nigeria: Amid Rising Deficit, Debts - NASS Increases 2023 Budget By N1.3trn
Both chambers of the National Assembly yesterday increased the 2023 budget size from N20.51 trillion presented to them by President Muhammadu Buhari on October 7, 2022 to N21.82… Read more »
Nigeria: The Sad Tale of Federal Roads in Niger State
The year 2022 was marred with deaths caused by road accidents due to bad roads in Niger State. Read more »
December 28, 2022
Nigeria: FCTA Crushes 1,292 Motorcycles, Demolishes 3,197 Illegal Structures in 2 Weeks
The Federal Capital Territory Administration (FCTA) has said its task team on city sanitation has removed a total of 3,197 shanties and illegal structures and crushed 1,292… Read more »
Nigeria: Naira Redesign - ATMs Still Dispensing Old Notes 13 Days After Rollout
Thirteen days after the release of the newly redesigned N200, N500 and N1,000 notes and with 34 days before the old notes will no longer be legal tender in the country, Automated… Read more »
December 27, 2022
Nigeria: Nigeria and 12 Most Advanced African Countries' List
That Nigeria is missing from a list of most advanced countries in Africa sums up an age-long tale of failing to maximise our potentialities. And the blame for this spans… Read more »
Nigeria: Govt Grants Local Shipowners Zero Import Duty On New Vessels
The federal government has exempted local shipowners from paying import duty on brand new vessels. Read more »
December 23, 2022
Nigeria: Cash Withdrawal Limit, Naira Redesign Not Political - CBN
The Central Bank of Nigeria (CBN) governor, Godwin Emefiele, has given assurance that the recent policy of the bank, including the cash withdrawal limit and the redesigning of… Read more »