February 12
Nigeria: Stock Watch - Mutual Benefits, UBA, Ecobank Top Stocks Pick This Week
This is not a buy, sell or hold recommendation but a stock investment guide. Read more »
February 13
Nigeria: Naira Hits New Low At Official Market
Naira fell to N1,534 at the official market on Monday, hitting a new record low in the segment. Read more »
February 12
Nigeria: More Local Manufacturers as Multinational Pharmaceutical Firms Exit Nigeria, National Drug Control Says
NAFDAC however said though the local manufacturing companies are not replacing global giant drugmakers exiting the country, they are signs of progress for Nigeria. Read more »
February 11
Nigeria: President Tinubu - Nigerians Are Starving, By Toyin Falola
I am not privy to what Femi Gbajabiamiala, your savvy chief of Staff, is telling you. There is hunger in the land. Messages have been sent to Aso Rock through the back door. So bad… Read more »
Nigeria: Lagos Residents Groan As Cost of Condoms Increases By 200 Percent
"Female condoms are available but more expensive than male condoms. Ten pieces of Fc2 vaginal condom go for over N4,200 now, before it was around N2,000". Read more »
Nigeria: Minimum Wage - APC Chieftain Warns FG to Avoid 'Arbitrary' Increment
Mr Okechukwu urged the NLC and TUC to reconsider their planned strike action and instead key into the federal government's one million housing scheme. Read more »
February 12
West Africa: Editorial - Ecowas and the Burden of the Sahelian Contagion
PREMIUM TIMES believes that the message in all of this for ECOWAS is: good governance and an economy that works for all are the guardrails of any democracy. Read more »
February 10
Nigeria: Pay Us Our January Salaries, Nigerian Federal Workers Lament
Owoeye Ilesanmi, who is a staff of the National Orientation Agency (NOA), said that in addition to the delay in payment of January salary, the Federal Government has reneged on the… Read more »
February 11
Nigeria: Obituary - Herbert Wigwe, the Visionary Who Co-Built Nigeria's Biggest Lender
At GTB, he allied with long-time friend and business partner Aigboje Aig-Imoukhuede, also an executive director at the bank at that time, both of whom together made a bid to buy… Read more »
February 10
Nigeria: TotalEnergies to Exit Nigerian Onshore Oil Business
The firm said it wants to divest its share of Shell Petroleum Development Company of Nigeria Limited (SPDC) Read more »
February 08
Nigeria: How the Lack of Trust Stifles Nigeria's Economic Potential
The journey to rebuilding trust will not be easy. It requires sustained effort, unwavering commitment, and a willingness to confront uncomfortable realities. Read more »
February 09
Nigeria: Power Supply - Nigerian Govt Sets Up Committee to Resolve Gas Shortage
"If we are serious about the economic development of the country, we need to solve the problem of gas supply today. We should look at the possibility of mandating the gas suppliers… Read more »
Africa: Why American, European Companies Need to Invest in Africa's Mining Sector - Interview - with Tom Sheehy
US Institute of Peace expert, Tom Sheehy, sheds light on mining challenges and opportunities in Africa. Read more »
February 08
Nigeria: NNPC, CBN Review Decision On Management of Oil Revenue
The CBN has provided enhanced digital platforms for all transactions and has established specific limits to manage NNPCL transactions, the statement said. Read more »
Nigeria: No Increase in Petrol Pump Price - NNPC
"NNPC Ltd urges Nigerians to disregard unfounded rumours and assures them that there are no plans for an upward review of the PMS price," NNPCL said. Read more »
Nigeria: Breaking - Worsening Economy: NLC, TUC Talk Tough, Issue Fresh Ultimatum
In its statement, the NLC said it was concerned about the "non-implementation of the 16-point agreement reached with the Federal Government on October 2, 2023." Read more »
Nigeria: What Is Driving Nigeria's Stock Market Boom?
The all-share index, which indicates the general market movement of stocks on the NGX, has hit several record levels since the middle of last year. Read more »
February 06
Nigeria: Protest Rattles Tinubu Administration, Orders Given On Food Prices
"The government is very concerned about what Nigerians are going through, especially what happened in Minna yesterday. Read more »
Nigeria: Enugu Residents Bemoan High Cost, Scarcity of Drinking Water
The Enugu State Governor, Peter Mbah, last November, inaugurated water schemes in Enugu, and declared an end to water scarcity in the state. Read more »
Nigeria: Bonga Oil Spill - Niger Delta Communities Protest in Abuja Over $3.6bn Shell Award
Some members of the Niger Delta communities affected by the 2011 Bonga oil spill staged a protest at the Federal Ministry of Justice in Abuja, demanding the enforcement of the… Read more »
February 05
Nigeria: Gov Lawal Says Zamfara's Economy Is Mainly Agrarian As He Distributes Agric Inputs in Six More LGAs
Speaking during distribution of the inputs in Kauran Namoda, Mr Lawal expressed confidence that the recently inaugurated Askarawan Zamfara ( Zamfara Community Protection Guards)… Read more »
Nigeria: We Inherited $7 Billion Unpaid FX - Cardoso
Mr Cardoso said the infractions observed included some entities not having valid import documents, and that in some cases, even entities that did not exist were captured. Read more »
Nigeria: CBN Uncovers $2.4 Billion False Forex Claim Pressuring Naira - Cardoso
The CBN hired Deloitte to investigate the forex claims in order to get a true picture things, Cardoso said. Read more »
February 04
Nigeria: Darkness in Major Cities As Nigeria's Electricity Grid Collapses
"Be rest assured that we are working with the relevant stakeholders to restore power as soon as the grid is stabilized," a power distribution company said. Read more »
February 03
Nigeria: No Plans to Convert $30bn Domiciliary Deposits to Naira - CBN
Describing these allegations as completely false, the CBN asserts that the intention behind such reports is to instigate panic within the foreign exchange market Read more »