August 19, 2022
Nigeria: CBN Announces USSD Code for eNaira Transactions, As Subscription Hits 840,000
The Central Bank of Nigeria (CBN) has unveiled a new short code for subscribers of its digital currency, eNaira to make financial transactions on the platform. The aim is to… Read more »
Nigeria: Lagos Airport Records Low Passenger Turnout As Return Tickets Hit N250,000
Passengers are shunning air travels while companies, organisation and Associations are reverting to online meetings instead of physical meetings and traveling due to the increase… Read more »
August 18, 2022
Nigeria: Inflation - CBN Returns Interest On Intervention Programmes to 9 Percent
The Central Bank of Nigeria (CBN) has returned the interest rate on all its interventions back to nine per cent - from five per cent a circular that was released by the apex bank… Read more »
Nigeria: Inflation - Federal Govt Bans Foreigners From Buying Food Commodities At Farm Gates
The federal government has set up an inter-ministerial standing committee to oversee the implementation of a memo on the "Promotion of Agri-Business in Nigeria through Right Farm… Read more »
Nigeria: Sanwo-Olu Vows to Test Run Lagos Blue Rail Line Trains in December
Lagos State Governor Babajide Sanwo-Olu on Wednesday restated his administration's commitment to the timely delivery of infrastructure needed for economic prosperity of the state,… Read more »
Nigeria: Emirates Suspends Flights to Nigeria Over Trapped Funds
Emirates Airline, On Thursday, announced the suspension of all flights in and out of Nigeria due to unpaid $85million trapped in the country and unavailability of foreign exchange. Read more »
August 17, 2022
Nigeria: TCN Begs Electricity Workers to Shelve Planned Strike
The Transmission Company of Nigeria (TCN) has appealed to electricity workers to suspend their proposed strike over "staff welfare". Read more »
August 16, 2022
Nigeria: Lagos Records 16 Night Accidents in 8 Months, 97 Deaths - FRSC
Lagos Sector Commander, Federal Road Safety Corps (FRSC), Mr Olusegun Ogungbemide, said on Monday that the agency's records indicated that 416 accidents occurred in eight months… Read more »
Nigeria: Darkness Looms As Electricity Workers Embark On Strike Tomorrow
The nation's electricity supply crisis could worsen from tomorrow as the organised labour has directed workers in the power sector to down tools and commence an indefinite strike… Read more »
Nigeria: Interest Rates Hike Likely As Inflation Hits 19.64 Percent
With the latest increase in the nation's inflation rate, the expectation is that the Monetary Policy Committee of the Central Bank of Nigeria (CBN) would most likely announce a… Read more »
Nigeria: Army, EFCC Arrest 120 Suspected Oil Thieves in Port Harcourt
Operatives of the Economic and Financial Crimes Commission (EFCC) and have arrested 120 suspects for illegal oil bunkering in a joint operation with personnel of the 6 Division… Read more »
August 12, 2022
Nigeria: U.S Experts in Nigeria to Boost Aba Power Project
A team of electricity experts from the United States has arrived Nigeria to start work as the technical partner of Aba Power Limited, a member of Geometric Power Limited founded by… Read more »
Nigeria: 12 States Owing Workers' Salaries - Survey
At least 12 states out of the 36 in the country are owing civil servants not less than one month salary as of July 2022 with some owing up to six months while some workers are yet… Read more »
August 11, 2022
Nigeria: A-Z Petroleum Seeks Recovery of N30bn Subsidy Debt From Federal Govt
A-Z Petroleum Products Ltd yesterday urged the House of Representatives to help in recovering N30 billion liabilities due to it from the Ministry of Finance, Budget and National… Read more »
August 10, 2022
Nigeria: Toll Collection Fueling Traffic On Apapa, Tin-Can Port Access Road - Shippers' Council
The Nigerian Shippers' Council (NSC) yesterday said physical toll collection by agents of the Lagos State government was fuelling traffic gridlock on the port access road. Read more »
August 09, 2022
Nigeria: Firstbank Reopens Abuja Headquarters
First Bank Limited has reopened its headquarters (Coomassie House) located at the Central Business District, Abuja. Read more »
August 10, 2022
Nigeria: Nigerian Govt Chasing Shadows On Crude Oil Theft - Siasia
Chairman of the Nigerian Young Professionals Forum (NYPF) and convener of Niger Delta Young Professionals, Mr Moses Siloko Siasia, has affirmed that the Nigerian government was… Read more »
August 08, 2022
Nigeria: Regulator Rejects Buhari's Approval of Seplat/Exxonmobil Acquisition Deal
The Upstream regulator, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has rejected President Muhammadu Buhari's approval of Seplat's purchase of ExxonMobil's asset. Read more »
August 10, 2022
Nigeria: Kyari, Others to Appraise Progress of Nigeria's Energy Transition
The group chief executive officer of the Nigerian National Petroleum Company (NNPC) Limited, Mallam Mele Kyari, and the minister of State for Petroleum Resources, Chief Timipre… Read more »
Africa: 9 Out of 10 Africans Likely to Use Made-in-Africa Tech Solutions - Report
A new report that includes the surveyed opinions of 4,500 Africans from Kenya, Nigeria and Ghana has revealed that the recent wave of technology innovation coming out of Africa is… Read more »
August 08, 2022
Nigeria: Forex Scarcity Dampens Foreign Portfolio Investment Inflows
As the foreign exchange market continues to experience illiquidity amidst scarcity of the greenback at the official windows, foreign investors have continued to pull out of the… Read more »
August 02, 2022
Nigeria: No Resumption Date for Abuja-Kaduna Train Service - Minister
The Minister of Transportation, Mua'zu Jaji Sambo, has said that there is no date yet for the resumption of the Abuja-Kaduna train service, which was suspended after the terrorists… Read more »
July 28, 2022
Nigeria: 4 Work-Free Days for Workers Misconstrued - Lagos Govt
Lagos State government yesterday said the four days- work free days for its workers to obtain their Permanent Voters Cards (PVC) has been misconstrued. Read more »
July 27, 2022
Nigeria: Nigeria Air Set Take Off As Federal Govt Approves Lease of 3 Aircraft
The federal government has approved the lease of three aircraft for initial operations of the proposed national carrier, Nigeria Air. Read more »
Nigeria: No Immediate Solutions to Current Aviation Fuel Crisis - Sirika
The minister of Aviation, Hadi Sirika said there are no immediate solutions to the crises rocking Nigeria's aviation sector because the variables impacting the crises in the… Read more »