October 20, 2023
Nigeria: Nigeria's Sluggish Economic Growth to Grind On Through 2023 - PWC
"The marginal growth in GDP by 2.5% in Q2 2023 from 2.3% in Q1 2023 was caused by the lingering effect of the cash crunch," PwC said. Read more »
Nigeria: Nigeria, Others to Get £150 Billion for Infrastructure By 2027 - EU
The Global Gateway initiative is crafted to enhance connectivity, promote sustainable development, and strengthen economic ties between the EU and its partner countries, including… Read more »
Nigeria: How to Reset Nigeria's Economy - Lamido Sanusi
"In the short term, the most effective measure to offset the removal of fuel subsidies is cash transfers." Read more »
Nigeria: 75 Die in 353 Lagos Road Accidents in Eight Months - FRSC
The Lagos FRSC official said that 603 others sustained different degrees of injury, some with permanent disabilities in the same period under review. Read more »
Nigeria: Nigeria's Dollar Woes Leave Record N452 Billion Forex Loss Across Big Consumer Goods Companies
The highest exchange loss, N123.8 billion, was posted by consumer goods powerhouse Nestle Nigeria, which also saw the sharpest deterioration year on year. Read more »
Nigeria: Rowdiness, Stampede As 17,000 Nigerian Workers Struggle to Enrol in IPPIS
When PREMIUM TIMES visited the Public Service Institute where the exercise took place on Thursday, many of them were seen struggling to complete the verification about a week… Read more »
October 19, 2023
Nigeria: Otedola's Geregu Power Reports 13% Jump in Nine-Month Profit Amid Soaring Impairment Loss
Mr Otedola, previously Nigeria's third-richest person and a multisector investor with interests in maritime, banking and oil & gas, holds the company's controlling stake. Read more »
Nigeria: 18% Tax-to-GDP Ratio - We Won't Increase Taxes, Adedeji Assures Companies
A statement by his Special Adviser on Media and Communication, Dare Adekanmbi, quoted the FIRS chairman as saying that the invited companies and those willing to voluntarily carry… Read more »
Nigeria: Ex-Minister of Power Reveals Cabal Sabotaging Stable Power Supply in Nigeria
Diesel and petrol suppliers and generator dealers continue to make brim businesses as power supply remains epileptic in Nigeria. Read more »
October 18, 2023
Nigeria: Naira Hits Record Low At Official Market
The Naira hit a record low at the official market on Tuesday to exchange at N848.12 per $1 Read more »
Nigeria: 2024 Budget - We're Committed to January-December Budget Cycle - Reps Committee
The prospect of the January to December budget cycle seems dim because President Bola Tinubu has yet to send the MTEF and the FSP to the National Assembly for consideration. Read more »
Nigeria: Rural Farmers in Abuja Count Losses Amid Poor Mobile Telephony
Many rural dwellers including farmers on the fringes of Nigeria's capital city, Abuja, are paying steep prices as Nigeria's booming digital economy leaves them behind. Read more »
October 17, 2023
Nigeria: Law Reform Commission Workers Protest Sacking of 12 Colleagues
The protesting workers shut offices and grounded operations at the law reform commission's headquarters in Abuja on Tuesday. Read more »
Nigeria: Nigerian Govt Paid N135 Billion for Electricity Subsidy in Q2 2023 - Report
To sustain power sector operations, the commission said it recognises the significance of enhancing market remittances and is providing DisCos with revenue-boosting initiatives. Read more »
Nigeria: FEC Approves Implementation of Agreement With Labour Unions
The unions will now suspend their strike by 30 days, with parties to the agreement committing "to henceforth abide by the dictates of Social dialogue in all our future… Read more »
October 16, 2023
Nigeria: Lagos Reopens Ladipo Market
The Lagos State Government says business activities would commence at the popular Ladipo marker, a spare parts market, after its recent closure for various environmental… Read more »
Nigeria: Cabinet Approves Sub-Committees for Industrial Revitalisation, Free Trade Zone
Industry Minister, Doris Uzoka-Anite, said that the sub-committees would come up with a roadmap toward the full revival of the economy in line with the president's eight-point… Read more »
Nigeria: Govt Proposes U.S.$34 Billion Budget for 2024
FEC also approved the use of concrete for road projects across the country including those of new ones, depending on the level of completion. Read more »
Nigeria: Inflation Hits 26.72% As Food Prices Rise
Food inflation rate in September quickened to 30.64 per cent. Read more »
Nigeria: Why Cargo Haulage On Lagos-Ibadan Rail Was Stalled for Two Years
Former President Muhammadu Buhari inaugurated the 157-kilometresLagos-Ibadan rail on 10 June 2021 for passenger services and to ease cargo evacuation from Apapa port. Read more »
October 15, 2023
Nigeria: NDLEA Seizes $4.8m, CFA57 Million Suspected Fake Currencies On Lokoja-Abuja Highway
NDLEA said on Sunday in Abuja that the suspected counterfeit notes were seized from a commercial bus travelling from Lagos to Kano on Tuesday Read more »
Nigeria: Borno Residents Protest Removal of Train Coaches By Railway Agency
The protesters in Maiduguri, Borno State, carried placards asking the NRC not to move the train coaches to any other state. Read more »
Nigeria: Train Coaches Not Stolen in Borno - Railway Commission
The Nigerian Railway Corporation (NRC) said in a statement that the report of stolen coaches in Maiduguri, Borno State, was erroneous. Read more »
October 14, 2023
Nigeria: Nigerian Govt Targets 2 Million Bpd Oil Output
"I want to assure you, we've just been here for a few weeks. I've been here for less than two months. I assure you that by the end of the year, there will be a visible difference… Read more »
October 13, 2023
Nigeria: Shell Admits Crude Oil Spill From Peremabiri Flow Station in Bayelsa
Shell says an investigation into crude oil from Peremabiri flow station in Bayelsa to unravel the cause and volume of oil discharged is underway. Read more »