Nigeria: NPA Completes Perimeter Fencing, Rehabilitates Access Road At Tin-Can Port

To ensure security and enforcement of the International Ships and Ports Security (ISPS), code, the Nigerian Ports Authority (NPA), has completed concrete fencing of Tin-Can Island… Read more »

Nigeria: Inflationary Pressures, Dollar Hike Put Emerging Market Under Pressure in 2023

Euromonitor International, in its report, revealed that inflationary pressures in the emerging economies are expected to persist in 2023 as the high exchange rate of the US dollar,… Read more »

Nigeria: Naira Redesign - MAN Raises Alarm Over Impending Job Loss

The Manufacturers Association of Nigeria(MAN) has said, the redesign of Naira notes, among other factors, have negatively affected the economy and tends to worsen employment in the… Read more »

Nigeria: Amid Cash, Fuel Scarcity, Nigerians Pay More for Cooking Gas

The average price of cooking gas across Nigeria went up by 0.51 per cent in January compared to what it sold at in December last year, thus, adding to the new Naira scarcity… Read more »

Nigeria: NLC Issues 14-Day Ultimatum to Niger Dock to Recall Sacked Workers

The leadership of Nigeria Labour Congress (NLC) has issued 14-day ultimatum to the management of Niger Dock to recall sacked workers or face the wrath of the union. Read more »

Africa: Africa Oil Targets Earnings From Nigeria's OML 127, OML 130

Africa Oil Corp(AOC) is projecting multiple attractive development, appraisal and infrastructure-led exploration opportunities on both OML 127 and OML 130, which it said, presents… Read more »

Nigeria: SAN Leon Energy Reacts to NNPCL Take Over of OML 18

San Leon Energy Plc, an independent oil and gas production, development and exploration company focused on Nigeria, has reacted to recent speculation about the operation of the Oil… Read more »

Nigeria: Importers, Truckers Kick Over Extortion On Ports, Lagos Roads

Truck drivers and importers have raised the alarm over alleged multiple extortion from louts and area boys on port access road and Lagos state roads. Read more »

Nigeria: Nigeria's Gas Export Slumps to 1m Tonnes, Lower Than Algeria

Nigeria's gas export dropped to one million tonnes in January, representing 35 per cent decline year on year, and lower than export volumes by Algeria. Read more »

Nigeria: Oil Production Decline Shrinks Nigeria's Economic Growth

Oil theft coupled with deferred investment in Nigeria's oil industry has caused Nigeria's economy growth to slow to 3.52 per cent in the fourth quarter from 3.98 per cent a year… Read more »

Nigeria: Nigeria Air - Buhari Meets Ethiopian Airlines Board in Addis Ababa

President Muhammadu Buhari met with Ethiopian Airlines Board chairman, Girma Wake, in Addis Ababa on Sunday, during which they exchanged views on the operationalisation of Nigeria… Read more »

Nigeria: Passengers With Old Naira Notes Barred From Mass Transit Trains in Lagos

The Nigerian Railway Corporation(NRC) has barred passengers wishing to patronise the Narrow gaude, Lagos Mass Transit Train (LMTT) service from using old naira notes to purchase… Read more »

Nigeria: 10 States Drag Federal Govt to Court Over Naira Swap Policy

Ten states in the country have asked the Supreme Court to set aside the ban by President Muhammadu Buhari on use of the old N500 and N1,000 notes as legal tenders. Read more »

Nigeria: Call-Up System Crashes Cargo Haulage Cost in Lagos Ports By 65%

Truck Transit Parks Limited (TTP), a leading mobility technology company has significantly reduced the cost of moving cargo by 65per cent, providing significant cost savings to… Read more »

Nigeria: Naira Swap Policy - States Vow to Fight On Against Buhari's Decision

Some state governments have challenged President Muhammadu Buhari's decision to stick with the deadline for the naira swap policy, which he stated in yesterday's national… Read more »

Nigeria: As Naira Black Market Booms - CBN's Silence Throws Nigerians Into Confusion

The Central Bank of Nigeria's silence on its position in the Naira swap policy has thrown the country into confusion, as businesses and other users of the currency are at a loss on… Read more »

Nigeria: NNPC, Sahara Group Deliver 24-Hour Electricity to Ajoki Community in Edo

Socio-economic growth prospects in Ajoki community, Edo State, have soared following the delivery of uninterrupted power supply to the community by Enageed Resource Limited, a… Read more »

Nigeria: Niger Sues Federal Govt Over Naira Redesign As Rural Markets Close

The Niger State government has joined the list of state governments that have filed suits against the federal government on the naira redesign policy of the Central Bank of Nigeria… Read more »

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 »

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 »

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 »

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 »