October 27, 2022
Nigeria: Insecurity Halts Flow of Investment From Mexico to Nigeria - Envoy
Nigerian ambassador to Mexico, Ambassador Adejare Bello, has disclosed that Mexican investors are willing to invest heavily in Nigeria's economy but for the prevailing security… Read more »
Nigeria: Concessioning - Federal Govt Names Preferred, Reserve Bidders for Abuja, Lagos, Kano Airports
The Federal Ministry of Aviation has announced the Corporacion America Airports Consortium as the preferred bidder for the Nnamdi Azikiwe International Airport (NAIA), Abuja, while… Read more »
Nigeria: Nigeria Loses $600m to Under Reporting of Gas Flaring
Nigeria is losing $600 million due to under reporting of gas flaring every year even as they tasked operators in the oil and gas sector to fully implement the mechanism put in… Read more »
October 26, 2022
Nigeria: Naira Gets New Face As Current Notes Go Out of Circulation January
In an effort to rein in inflation and take control of money supply in the country, the Central Bank of Nigeria (CBN) said it will begin a mop up of the current Naira notes in the… Read more »
October 25, 2022
Nigeria: One-Third of Global Economy in Recession - Emefiele
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has said that about one-third of the world's economy is currently in recession due to the damaging effects of… Read more »
Nigeria: How NCC Convinced State Governments to Work On 70% Broadband Target
At the one-day Broadband Technical Awareness Forum (TAF) for Governors organised by the Nigerian Communications Commission (NCC) on Thursday October 20, 2022, at the Transcorp… Read more »
Nigeria: MTN to Invest N65m in Nigerian Startups Via Grants
MTN is set to invest in Nigerian owned businesses through a campaign - 'MTN Pulse BlowMyHustle', aimed at empowering Nigerian youths involved in scalable businesses. Read more »
October 24, 2022
Nigeria: Moody's B3 Downgrade - Nigeria May Struggle to Secure Foreign Loans
Nigeria may struggle to secure foreign loans to implement its 2023 national budget, following Moody's downgrade of the country's rating from B2 to B3, LEADERSHIP has learnt. Read more »
Nigeria: Nigeria, Belgium Strengthen Ties On Nigeria, Belgium Strengthen Ties On Trade, Investment, Investment
Nigeria and the Kingdom of Belgium have mapped out ways to strengthen the existing bilateral relations between both countries especially to boost trade and investment. Read more »
October 21, 2022
Nigeria: NNPC Restructures As 3 Directors, 2 Others Become Vice Presidents
The Nigerian National Petroleum Company (NNPC) Limited has been restructured to accommodate five vice presidents required to drive the performance of the oil firm, LEADERSHIP has… Read more »
Nigeria: Kogi Receives First Allocation As Oil-Producing State
Kogi State Governor Yahaya Bello has announced that for the first time in the history of Nigeria, Kogi, a north central state is officially listed and recognised as an oil… Read more »
Nigeria: Security, Economy Top Tinubu's Manifesto, President Muhammadu Buhari Unveils 80-Page Action
Presidential candidate of the ruling All Progressives Congress (APC), Asiwaju Bola Ahmed Tinubu, has given a hint at his manifesto, with national security, economy, education, oil… Read more »
Nigeria: Airline Operators Lament Bad Treatment of Nigerian Carriers Abroad
Airline Operators of Nigeria (AON), has lamented the bad treatment of Nigerian Airlines by foreign countries in contravention of the Bilateral Air Services Agreement. Read more »
Nigeria: Electricity Generation - President Muhammadu Buhari Recommits to Germany, Siemens Partnership
Nigeria remains dedicated to the partnership with Siemens and the German Government to improve electricity generation in the country, President Muhammadu Buhari pledged yesterday… Read more »
October 20, 2022
Nigeria: Bailout - Federal Govt Reviews CBN's Plan to Begin Deduction From States
In a move to explore how to provide further financial succour for States regarding repayment of the Federal Government's Budget Support Facility, the National Economic Council… Read more »
Nigeria: CBN, AMCON Announce Sale of Polaris Bank
The Central Bank of Nigeria (CBN) and the Asset Management Corporation of Nigeria (AMCON) have formally announced the completion of a Share Purchase Agreement (SPA) for the… Read more »
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 »