December 28, 2023
Nigeria: Nigerian Firm Plans First-Ever Gas Supply Deal to South Africa
"We'd probably very early in the year close out another segment of the market, an off-take for South Africa," David Ige, the CEO of the Lagos-based energy firm, said. Read more »
Nigeria: Union Bank Controversy - CBN Investigator Rejects Request of Titan Trust Bank Investors
Tunde Lemo and the two major investors in Titan Trust Bank and Union Bank had requested to delay their appearance before the Special Investigator. Read more »
December 27, 2023
Nigeria: 2024 Budget - Running Costs of Finance, Budget, Trade Ministries to Surge By N2 Trillion
The Federal Ministry of Finance alone will spend expend N8.5 trillion on overheads, 15.8 per cent more than the N7.34 trillion budgeted for it a year ago Read more »
Nigeria: Your Money Is Safe in Banks, CBN Assures Depositors
The CBN advised bank customers to proceed with their banking transactions as usual, as there was no cause for concern. Read more »
December 26, 2023
Nigeria: Nigerian Air Force Destroys Six Illegal Oil Refining Sites in Rivers
The operation was carried out on 23 December, according to an official. Read more »
Nigeria: CBN Investigator Summons Tunde Lemo, Two Others Over Controversial Acquisition of Union Bank
Tunde Lemo and two other shareholders of the bank have been directed to appear before investigators on Thursday in Abuja Read more »
December 25, 2023
Nigeria: Nigeria Govt to Spend N23.1 Billion On Airport Rehabilitation in 2024
About 37 per cent of the N63.3 billion allocated to the Ministry of Aviation and Aerospace Development will be spent on the rehabilitation of the country's dilapidated airport… Read more »
Nigeria: Abuja-Keffi Road Accident - FRSC Reveals Cause, Says No Life Lost
The crash on the Abuja-Keffi road occurred on 22 December at about 10 a.m. Read more »
December 23, 2023
Nigeria: CBN Lifts Ban On Cryptocurrency Transactions
Ex-CBN Governor, Godwin Emefiele, had announced restriction on cryptocurrency transactions due to the money laundering and terrorism risks they posed. Read more »
December 21, 2023
Nigeria: Tinubu Appoints New Directors Into Agencies in Aviation Ministry
The new appointments came a week after the removal of all the ministry's directors amidst an ongoing effort to revamp the country's aviation sector Read more »
Nigeria: Nigeria Unemployment Rate Hit 4.2% in Q2 2023 - NBS
The bureau said this in its Nigeria Labour Force Survey (NLFS) report for Q2 2023 released on Thursday. Read more »
December 22, 2023
Nigeria: Ex-Central Bank Head Accused of Stashing Billions in Foreign Banks
The CBN Special Investigator recommends the prosecution of Mr Emefiele and at least 13 others, including his deputy governors, for alleged gross financial offences. Read more »
Nigeria: British Court Dismisses P&ID $11 Billion Damages Against Nigeria
P&ID had little or nothing to show as track record of work executed in the gas sector to merit a project of that scale. Read more »
December 21, 2023
Nigeria: Reps Launch Fresh Probe of Nigeria Air Despite Bribery Allegation Against Former Panel
Mr Sirika had in June accused the former chairman of the House Committee on Aviation, of demanding five per cent shares of the national carrier from him. Read more »
Nigeria: Kaduna 2024 Budget Will Correct Mistakes of Last Eight Years - Rabiu-Bako
According to Mr Rabiu-Bako, the 2024 budget proposal by Governor Uba Sani is a refreshing change for the people of Kaduna State. Read more »
Nigeria: Governor Lawal Presents 423 Billion Naira 'Rescue Budget'
The budget was presented by the governor on Thursday at the Chamber of the State House of Assembly Complex, Gusau. Read more »
Nigeria: Nigerian Govt Announces 'Mechanical Completion' of Port Harcourt Refinery
Nigeria owns four refineries with two located in Port Harcourt and one each in Warri and Kaduna. But for many years, the refineries have been moribund despite… Read more »
Nigeria: Nigeria's Public Debt Hit N87 Trillion in Q3 2023
The figure shows a 0.61 percent increase from the June 2023 figure of N87.38 trillion Read more »
December 20, 2023
Nigeria: How NNPC Plans to Revolutionise Nigeria's Power Supply, Industries - Kyari
Mr Kyari said gas would be used to bring revolution in Nigeria in the next two to three years, assuring that progress was already being made on the initiatives to bring gas to the… Read more »
Nigeria: Over 1,000 Nigerians Stranded in UK - IOM
Many of the Nigerians are unable to return home because they lack the means to come back, while others are ashamed, he added. Read more »
December 19, 2023
Nigeria: Reps Fix Date for Passage of Nigeria's 2024 Budget
The Speaker, Abbas Tajudeen, said all committees must submit their reports to the appropriations committee by 6 p.m. on Tuesday. Read more »
December 20, 2023
Nigeria: Why We're Finding It Difficult to End Oil Theft in Niger Delta - Nigerian Military
Oil theft and its negative impact on the country's economy have been a source of concern to the Nigerian government over the years. Read more »
Nigeria: Investment Fraudster Bags 75 Years in Prison for Swindling Investors Over N1 Billion
Amos Olaniyan swindled investors in his phoney "Crime Alert Security Network" over one billion naira Read more »
Nigeria: Traders Protest Alleged Plan to Demolish Complex in Lagos Computer Village
The aggrieved traders appealed to the Lagos State Governor, Babajide Sanwo-Olu, and the IGP, Kayode Egbetokun, to intervene. Read more »
December 19, 2023
Nigeria: TotalEnergies to Invest $6 Billion in Nigeria in Coming Years
Nigeria contributes 8 to 10 per cent of TotalEnergies' global output and is home to more than 18 per cent of its overall investments. Read more »