October 13, 2023
Nigeria: 11 Vehicles Burnt in Petrol Tanker Explosion in Lagos
Lagos fire agency says no lives were lost and no "injuries recorded as occupants escaped unhurt." Read more »
October 12, 2023
Nigeria: Lagos Begins Removal of Illegally Parked, Abandoned Trailers Off Apapa-Oshodi Expressway
The enforcement team which was led by LASTMA boss, Bolaji Oreagba, immediately removed over 18 trailers. Read more »
Nigeria: Oil Theft - Military Destroys 53 Illegal Refining Sites, Arrests 19 Suspects
The military says troops destroyed illegal refining sites and have sustained momentum against crude oil theft in the Niger Delta region. Read more »
Nigeria: Eight Years After, CBN Restores 43 Items Restricted From Forex Window
"As part of its responsibility to ensure price stability, the CBN will boost liquidity in the Nigerian Foreign Exchange Market by interventions from time to time," the CBN said. Read more »
Africa: Experts Speak On Energy Transaction Costs in Africa
"Financing costs can be at least two to three times higher than in Europe and North America. As a result, projects remain on the drawing board, and energy costs rise for Africa's… Read more »
Nigeria: Blue Rail - Lagos Govt Suspends Passengers' Operations
Passenger operations of the Blue Metro rail will be suspended on Saturday and Sunday to switch to electricity. Read more »
Nigeria: State Govts Have No Power to Ban Mining Activities - Minister
The minister disclosed this at the 8th edition of the annual Nigeria Mining Week in Abuja. Read more »
October 11, 2023
Nigeria: Naira Hits New Low At Parallel Market, Strengthens At Official Market
Naira extended losses at the unofficial market on Wednesday to trade at N1,030 per $1. Read more »
Nigeria: Seplat Seeks to Complete $1.3 Billion Exxonmobil Asset Purchase Deal - CEO
The acquisition is key to actualising the most ambitious move ever by Seplat, which is both listed in London and Lagos, to scale output Read more »
Nigeria: Only Competent Contractors Will Handle Road Projects - Minister
Works Minister, David Umahi, say contractors are allowed to use asphalt to construct the roads in the country with certain conditions attached to ensure a quality job. Read more »
October 10, 2023
Nigeria: Senate Launches Probe Into Crude Oil Theft, Tasks Five Committees
The Senate resolved to invstigate the oil theft in the Niger Delta following adoption of a motion at plenary on Tuesday on 'Urgent need to investigate incessant and nefarious acts… Read more »
Nigeria: Reps to Probe Use of Dollar, Other Foreign Currencies As Legal Tender in Nigeria
The lawmakers also said there is a need for the CBN to tackle the depreciation of the naira while clamping down on the domestic use of dollars. Read more »
Nigeria: IMF Downgrades Nigeria's Economic Growth Projection
The IMF said global headline inflation is expected to steadily decline from its peak of 8.7 per cent in 2022 (annual average) to 6.9 per cent in 2023 Read more »
Nigeria: Nigeria Spent N4 Trillion in 2022 on Petrol Subsidy - Official
According to an official, in 2022, the Nigerian government expended more than N4 trillion on PMS subsidy. Read more »
Nigeria: Senate Laments N10bn Loss By Nigerian Ginger Farmers, Seeks Intervention of NEMA, NCDC, Others
The outbreak of a disease called funģi pathogens in southern Kaduna State is affecting the production of ginger in the area. Read more »
Nigeria: Senate Moves to Return Control of National Social Investment Programme to Presidency
The NSIP was created in 2016 by the administration of former President Muhammadu Buhari while the National Social Programme Agency Act was enacted this year to address… Read more »
Nigeria: Nigerian National Petroleum Company Limited Now Sole Importer of Petrol - Official
"We are the only company importing premium motor spirit (PMS) into the country," an official said. Read more »
Nigeria: Nigerian Regulators, Oil Marketers to End Petrol Distribution Challenges
"So, NNPC has assured of supply and also the marketers have expressed their concerns about the availability of foreign exchange to also import and sell at the price," Mr Ahmed… Read more »
October 09, 2023
Nigeria: Nigeria to Become Net Exporter of Petrol - NNPCL
"Today, we export 100 per cent of our productions, no resource-dependent country does this and that is why we must deliver on our mandate," an official noted. Read more »
Nigeria: Govt to Rehire Retired Healthcare Workers to Combat Brain Drain
This is part of efforts to mitigate the mass exodus of health workers to developed countries, which has led to an acute shortage of health professionals in the nation's health… Read more »
Nigeria: Tinubu Swells Media Team As Economy Bites Harder
The president, on Monday, appointed five more persons to the Presidential Advisory Media Team, bringing the total number of such appointments to at least 11. Read more »
Nigeria: Nigeria Govt Not Paying Subsidy On Petrol - NNPCL
"No subsidy whatsoever. We are recovering our full cost from the products that we import. We sell to the market and we understand why the marketers are unable to import," an… Read more »
Nigeria: 4 Die, 3 Injured in Lagos-Ibadan Expressway Accident
FRSC says a bus rammed into a truck at a bend in the "Kara" axis of the expressway. Read more »
Nigeria: #Under30EntrepreneursinNigeria - How 'Rattanitems By Abbie' Was Born - Abbie
One thing I really wished I had known before starting my entrepreneurial journey is: 'Things are never going to play out exactly how I planned them.' Read more »
Nigeria: Lagos Reopens Ladipo, Oyingbo Markets, Others Shut Over Environmental Issues
Lagos State government sealed off Ladipo, Oyingbo, Alamutu Ologede, and Ile Epo markets over violation of environmental laws. Read more »