Nigeria: CBN's New Cashless Policy Counterproductive for Petty Trading - Metuh

Former national publicity secretary of Peoples Democratic Party (PDP) Chief Olisa Metuh has said the new cashless policy by the Central Bank of Nigeria (CBN) is counter productive… Read more »

Nigeria: Amid Fuel Scarcity, Customs Intercepts 85,300 Litres of Petrol

The Nigeria Customs Service (NCS), on Thursday, said it intercepted 85,300 litres of Premium Motor Spirit (PMS), also known as petrol in Ogun State. Read more »

Nigeria: Osinbajo Woos Vietnamese Investors, Says Nigeria Natural Investment Destination

Vice president Yemi Osinbajo, has spent the second day of his official visit to Vietnam asserting the view that for foreign investors and businesses looking at Africa, Nigeria is… Read more »

Nigeria: Abuja-Kaduna Train Resumes Amid Low Passenger Traffic

The Abuja-Kaduna train operations resumed yesterday amidst low passenger traffic as fear of insecurity continued to mar the operations on the route. Read more »

Nigeria: SERAP Sues Federal Govt Over Spending of Ecological Funds

Socio-Economic Rights and Accountability Project (SERAP) has urged a Federal High Court in Lagos to compel President Muhammadu Buhari to investigate the spending of Ecological Fund… Read more »

Nigeria: Debt Crisis - Moderate New Borrowings, Shore Up Non-Oil Revenue, Dmo Charges Federal Govt

The director-general of the Debt Management Office (DMO), Ms Patience Oniha, has stressed the need for Nigeria to operate an efficient tax administration to tackle revenue… Read more »

Nigeria: IPMAN Blames Scarcity, Increase in Fuel Price On Federal Govt

As the effect of petroleum scarcity bites harder nationwide, the Ogun State branch of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has disassociated itself… Read more »

Nigeria: Akwa Ibom Residents Plan Protest As Construction Site Collapses, Buries 1

Angry residents of Urua Ekpa community in Itu local government area of Akwa Ibom State have started mobilisation for a mass protest in connection with the death of one Marvelous, a… Read more »

Nigeria: Sahara Foundation Empowers African Social Entrepreneurs With Seed Funding

Sahara Foundation has announced the award of $5,000 each as seed funding to African social innovators who have successfully completed its 2022 Sahara Impact Fund (SIF) Fellowship… Read more »

Nigeria: Despite Nigeria's Export Boost, OPEC's Output Drops By 710,000bpd in November

The Organisation of the Petroleum Exporting Countries (OPEC), oil output fell in November, led by top exporter, Saudi Arabia and other Gulf members, after the wider OPEC+ alliance… Read more »

Nigeria: 'Why Fuel Scarcity Persists'

The Nigerian National Petroleum Company Limited (NNPC) has blamed the fuel queues in Lagos, Abuja and other states on some ongoing construction projects which has caused diversion… Read more »

Nigeria: Port Operator Assures Workers of Job Security Over Acquisition

The Tin-Can Island Container Terminal (TICT), on Monday, assured workers that it has no plans to embark on any retrenchment exercise despite the acquisition of the African… Read more »

Nigeria: SEC to Continue Enforcement Against Ponzi Schemes

The Securities and Exchange Commission (SEC), has assured the investing public that it will continue to deploy its enforcement mechanisms including collaboration with other… Read more »

Nigeria: Govt Says NIN Compulsory for Business Registration

The federal government has disclosed that, without the National Identification Number(NIN ), Nigerians would no longer be able to register businesses. Read more »

Nigeria: Buhari Seeks Legalisation of Social Investment Programme

President Muhammadu Buhari Tuesday sought for legalisation and institutionalisation of the Social Investment Programme in Nigeria (NSIP). Read more »

Nigeria: CBN Pays N81 Billion RT200 Rebate As Repatriated Funds Rise to U.S.$4.98 Billion

Nine months into the launch of the RT200 FX programme, the Central Bank of Nigeria(CBN) said, the volume of foreign exchange inflow into the country has risen by 56.3 per cent in… Read more »

Nigeria: Jaiz Bank Relocates Head Office

A non-interest bank in Nigeria, Jaiz Bank has announced the relocation of its head office to its own building, Jaiz Bank House, Area 3, Garki, Abuja. Read more »

Nigeria: 5 Months After Suspending Operations, Aero Resumes December 5

Five months after suspending its operation over financial crisis, Aero Contractor, is set to relaunch commercial flight operations on Monday, December 5th, 2022. Read more »

Africa: Africa Needs $190bn Annual Investment to Meet Energy Demand

The head, Capital Projects, Egbin Power Plc, Seyi Sobogun, has said, Africa will require about $190billion worth of investments annually between 2026 and 2030 to meet its energy… Read more »

Nigeria: UK, Nigeria Trade Volume Hits £5.5bn

The United Kingdom has announced that total trade in goods and services (exports plus imports) between it and Nigeria currently stands at £5.5billion as both sides confirmed… Read more »

Nigeria: Abuja-Kaduna Rail Well-Secured - Minister

The minister Of Transportation, Mu'azu Jaji Sambo has said that the security features on the Abuja-Kaduna train will guarantee maximum safety of passengers. Read more »

Nigeria: $89bn Illicit Funds Taken Out Annually Through Anonymous Companies

Anonymous companies in Europe have been helping corrupt individuals to rob African nations of nearly $89 billion annually through illicit financial flows as civil organisations… Read more »

Nigeria: Educating Rural Nigeria On the Redesigned Naira

On November 23, 2022, President Muhammadu Buhari officially launched the new redesigned N1000, N500 and N200 notes. The Central Bank of Nigeria on October 26 made the announcement… Read more »

Nigeria: The Damning Statistics On Poverty in Nigeria

The National Bureau of Statistics recently disclosed what most of us already knew- 133 million Nigerians are poor. Read more »

Nigeria: Out-of-School-Children - Communal Violence, Child Labour Behind Rising Numbers

In spite of federal and state laws protecting the rights of children and making their enrolment compulsory in some states, the number of out-of-school children in Nigeria keeps… Read more »