August 11
Nigeria: NLC Demands Apology From Nigerian Government, Police for Raid On Secretariat
NLC said "the response of the government to our queries will determine what our next line of action will be in the coming days." Read more »
Nigeria: CBN Disqualifies Six Àbanks in Bids in Retail Dutch Auction
The disqualified bids, which included $279 million from six banks, were rejected due to various compliance failures, including late submissions and invalid forms. Read more »
August 09
Nigeria: CBN and the Road to One Trillion Dollars
The resilience of the Nigerian economy in the first half of 2024 is obvious. The economy recorded a growth rate of 2.98 per cent in the first quarter, up from 2.31 per cent during… Read more »
Nigeria: Navy Rescues 59 People From Drowning, Loses Officer
The Nigerian Navy says its Forward Operating Base (FOB) Bonny, has rescued 59 people from a dredging vessel, MV AMBIKA 4, working at Opobo field near Opobo River. Read more »
Nigeria: We Never Accused NNPC of Not Supplying Us Crude - Dangote Refinery
The company said its concern has always been NUPRC's reluctance to enforce the domestic crude supply obligation and ensure that it receives its full crude requirement from NNPC and… Read more »
August 08
Nigeria: Many Injured, Six Vehicles Destroyed in Lagos Gas Explosion
Though no casualties were recorded, two adult males are said to have been severely burnt and rushed to the Lagos State Teaching Hospital (LASUTH) for treatment. Read more »
Nigeria: Unpaid $2.4bn 'Invalid' Fx Forwards Could Cripple Nigerian Companies - NACCIMA
In February, the CBN announced that a Deloitte audit found $2.4 billion of the $7 billion FX claims invalid. Read more »
Nigeria: 20 Die As Boat Explodes in Nigeria's Waterways
Police have confirmed the incident. Read more »
August 07
Nigeria: Senate Probes $1.5bn Spent On Port Harcourt Refinery Rehabilitation
The NNPC Managing Director speaks on allegations of sabotaging domestic refinery. Read more »
August 08
Nigeria: Senate Panel Raises Concerns Over State of Nation's Refineries
NNPCL threatened to reveal identities of suppliers of adulterated fuel across the country. Read more »
August 07
Nigeria: 26 Banks Qualify in CBN's $876m Fx Auction
The sale conducted on Tuesday highlights the Central Bank's commitment to stabilising the foreign exchange market and ensuring effective price discovery Read more »
Nigeria: Lawmakers Clarify Monthly Salaries, Remain Committed to 50% Pay Cut
"We wish to clarify that the actual monthly salary for members is N600,000, after deductions for advances such as housing, which are paid at the commencement of the tenure." Read more »
Nigeria: Taraba Government Suspends Two Officials for Alleged Job Racketeering
The two suspended officers allegedly issued fake appointment letters under the preceding administration. Read more »
Nigeria: Fitch Downgrades Dangote Industries As GCR Affirms Group's Ratings
The latest review of the creditworthiness of the corporation saw Fitch lower its National Long-Term Rating to 'B+(nga)' from 'AA(nga)' and placed the ratings of the group on rating… Read more »
August 06
Nigeria: CBN Approves Unity, Providus Banks' Merger
The CBN said the intervention aims to strengthen Nigeria's financial system and prevent potential systemic risks. Read more »
Nigeria: Gov Eno Gets N519billion As Revenue in First Half of 2024 - Report
Although the state FAAC revenue almost doubled, from N132.9 billion in the first quarter to N241.5 billion in the second quarter, its IGR dipped by over a half, from N22 billion in… Read more »
August 05
Nigeria: Stop Obeying IPOB's Sit-At-Home Order, Enugu Govt Tells Federal Workers
"Enugu is not under siege and it is not fair because their actions are giving the state a bad image." Read more »
Nigeria: Akpabio Accuses Ogoni People of Stalling East-West Road Project
'Akpabio is the problem of the Niger Delta,' an Ogoni leader said. Read more »
Nigeria: Again, Nigeria's Electricity Grid Collapses
The grid collapsed around 2:55 p.m. on Monday, with generation dropping to zero. Read more »
August 02
Nigeria: #endbadgovernance - Abuja Protesters Speak On What Could Take Them Off the Streets
Some of the Abuja protesters told PREMIUM TIMES they could vacate the street if the president addressed them. Read more »
Nigeria: Coca-Cola Nigeria Misled Consumers On Product Changes - Fccpc
FCCPC's investigation revealed that Coca-Cola and NBC had repeatedly violated the Federal Competition and Consumer Protection Act (FCCPA) Read more »
Nigeria: Why Bayelsa Currently Has No Electricity Supply - TCN
TCN said that presently, Yenagoa Metropolis and the entire Bayelsa are still without power supply. Read more »
Nigeria: #EndBadGovernance - Lagos Records Violence-Free Demonstrations As Protesters Recount Tales of Hardship
One of the protesters, Mojola Bankole, who described herself as a widow and breadwinner of her house, expressed frustration over Nigeria's failing economy. Read more »
August 01
Nigeria: Old Mutual in Nigeria Announces Change of Name to Emple
Central to emPLE's purpose is empowering people by providing innovative financial solutions that enhance their freedom, security, and prosperity. Read more »
Nigeria: #endbadgovernance - No Protests in Ekiti As Banks, Markets Open for Business
The state government had met with various interest groups including monarchs, student leaders, market women, artisans, drivers' unions and the security agencies with the goal of… Read more »