March 06
Nigeria: Tinubu Signs Executive Orders to Revamp Oil, Gas Sector
The order will include the Introduction of incentives to stimulate non-associated gas projects, midstream developments, and deepwater ventures. Read more »
Nigeria: Nigerian Lawmakers to Meet Tinubu Over Rising Insecurity
During the meeting, the lawmakers will present a summary of the reports and resolutions of the National Assembly on insecurity since the 8th and 9th assemblies as recommendations… Read more »
March 05
Nigeria: Nigeria Records $30bn Foreign Direct Investment in Nine Months - Tinubu
Mr Tinubu says Nigeria has attracted unprecedented opportunities to reset the course and build a new and sustainable economy away from the rent-seeking and the waste that was once… Read more »
Nigeria: Binance Discontinues Naira Services
Nigeria is recognised as one of the largest cryptocurrency markets globally. Read more »
Ghana: Bank of Ghana Suspends GTB, Firstbank's Forex Licences
The Bank of Ghana on Monday announced the suspension of the Foreign Exchange Trading Licences of Guaranty Trust Bank Ghana Limited (GTB) and FBNBank Ghana Limited (FBN). Read more »
Nigeria: Oyo Health Workers Begin Seven-Day Warning Strike
According to Mr Ajani, the strike will involve laboratory scientists, physiotherapists, dental technologists, dental therapists, medical social workers, radiographers,… Read more »
March 04
Nigeria: Market Capitalisation Gains N1.86 Trillion As Transcorp Power Lists On Ngx
Transcorp Power earlier listed 7.5 billion shares by introduction at N240.00 per share, amounting to N1.8 trillion on the main board of the NGX. Read more »
March 05
Nigeria: Centra Bank's Missing $4.5 Billion and Need to Reset the Anti-Graft War
The lack of Nigeria's seriousness in the fight against corruption is epitomised by the EFCC's revival this January, of the N772 billion fraud cases of 13 former governors, who left… Read more »
March 04
Nigeria: Fibre Cuts, Telecoms Infrastructure Vandalism, the Cost You and I Have to Pay, By Mohammed Abiodun
Damage to fibre optic cables have become a major challenge for telecommunications companies in Nigeria. Often times, these cuts are the acts of saboteurs, construction companies or… Read more »
March 02
Nigeria: Nigeria's Forex Crisis Adds MTN to Growing List of Financially Distressed Companies
"Most of the naira weakness will affect 2024, more than 2023, and it will take some time for MTN to recoup cost pressure from the consumer given regulatory restrictions in… Read more »
Nigeria: Withheld Salaries - Stop Treating Us Like ASUU, We Never Went On Strike - - Conua Tells Tinubu
CONUA however aligned with ASUU in the call for reinstatement of the universities' dissolved governing councils, saying Mr Tinubu's action violates the Universities Autonomy Act,… Read more »
March 01
Nigeria: Tinubu Appoints New Management for FGN Power Company
The president anticipates that with the full constitution of the management team, the FGN Power Company Limited will work assiduously to realize the core objectives of the… Read more »
Nigeria: Tinubu Appoints New Executive Directors for TCN
The president expects that the appointees will commit themselves wholly to realising the innovative and expansive energy vision of his administration. Read more »
Nigeria: Central Bank Revokes Operating Licenses of Thousands of Forex Bureaus
The Central Bank of Nigeria (CBN) has revoked the operational licences of 4,173 Bureaux De Change operators in the country. Read more »
February 29
Nigeria: South-East Nominee for Membership of CBN Board Rejects Tinubu's Appointment
Urum Eke, a consultant to the World Bank and other international financial institutions, rejected his nomination to avoid conflict of interest. Read more »
Nigeria: Kaduna Govt Speaks On Road Blockage By Protesters
Residents of Gonin Gora blocked the Abuja-Kaduna highway following an attack on the community by bandits. Read more »
March 01
Nigeria: Govt Hands Binance $10 Billion Fine
The Nigerian government's retribution claim is coming months after Binance pleaded guilty and agreed to pay $4.3 billion to settle criminal money laundering charges levied by the… Read more »
February 29
Nigeria: Nigerian Govt Offsets $120 Million Debt to Gas Companies
"The arrears gas producers are owed as of last year was about $ 1.3 billion. But between October 2023 and the end of January, the government has paid over $120 million to offset… Read more »
March 01
Nigeria: Tinubu Commissions Lagos Red Line Train Project
"There are a total of 6 lines that we have on our Lagos rail mass transit system when fully developed. We have started preliminary works on the next rail projects - the green line… Read more »
February 29
Nigeria: Seplat Rakes in Record N885 Billion Income Amid Foreign Currency Gains
"Our revenue exceeded $1bn, and while costs increased, our proactive approach meant we generated more than $260m of free cash flow in the year," said CEO Roger Brown. Read more »
Nigeria: Tinubu to Send 'Emergency Fiscal Bill' to National Assembly - - FIRS Chairman
The FIRS chief said the bill aims to provide clarity on the fiscal direction of the president amid the current economic hardship the country is grappling with. Read more »
Nigeria: MTN Suffers Outage in Nigeria, Gives Reason
"We apologise for the inconvenience and ask for your patience and understanding as the team works to restore full service as soon as possible." Read more »
West Africa: Failed Sanctions and Need for Ecowas to Reinvent Itself
ECOWAS urgently needs to reinvent itself, especially having set what can be characterised as a wrong precedent Read more »
Nigeria: NNPC, Opec Pledge Collaboration to Attract Investments
Both parties pledged to attract investments and boost production Read more »
February 28
Nigeria: Inside Details of How Nigerian Govt Detained Binance Executives
One of the two detained Binance executives is an American, while the other is British-Pakistani. Read more »