July 06, 2023
Nigeria: Nigeria's U.S.$/Naira Rate Could Plummet to 1,000 Without Capital Injection
International investors will continue to wait in the wings for a capital injection from the Central Bank of Nigeria (CBN) to fund foreign exchange demand of around $1.5 billion. Read more »
Nigeria: Senate Condemns Concessioning of Abuja, Kano Airports By Buhari Administration
The Abuja and Kano International Airports were concessioned to Corporacion America Airports Consortium two weeks before the exit of former President Muhammadu Buhari from office in… Read more »
Nigeria: Lekki Deep Sea Port Promotes AfCFTA Gains, but Local Communities Seek Environmental Protection
The emergence of the deep seaport in Nigeria positions it on the path to acquiring the status of West Africa's trading hub. Read more »
Nigeria: Telecoms Investment in Nigeria Now $75.6bn - NCC
Mr Danbatta said as of May, active voice subscriptions in Nigeria reached 221.3 million, while internet subscriptions rose to 159.6 million. Read more »
July 05, 2023
Nigeria: Strike Looms As Doctors Issue 2 Week-Ultimatum
The doctors had on 17 May embarked on a five-day warning strike following the failure of the government to meet its demands. Read more »
Nigeria: Senate Steps Down Motion to Probe Failure of Refineries to Produce Oil
The Senate President, Godswill Akpabio, said the motion was stepped down until relevant ministers have been appointed by President Bola Tinubu. Read more »
Nigeria: Alton Hails NCC Boss for Adhering to Quality Regulation
Association of Licensed Telecoms Operators of Nigeria (ALTON) Chairman, Mr. Gbenga Adebayo applauds Umar Danbatta's exceptional leadership at NCC Read more »
Nigeria: Senate Probes Non-Completion of East-West Road to Summon Niger Delta
The Senate noted that despite spending huge fund on the project, such a critical national project, if abandoned, would bring untold hardship, neglect and exacerbate suffering and… Read more »
July 04, 2023
Nigeria: Fitch Places Ecobank Rating On Negative Watch As Naira Devaluation Weighs
Ecobank Nigeria is particularly susceptible on account of the elevated risk around the capital from its huge impaired loans that are denominated in foreign currency. Read more »
Nigeria: Nigeria's Average Passengers' Airfare Rise By 34.1% - NBS
According to the report, Kebbi State recorded the highest air transport fare (for specified routes, single journeys) in May with N80,000, followed by Bayelsa with N79,050, while… Read more »
July 03, 2023
Nigeria: Central Bank - the Demands of Reform and Needless Invasion of Privacy
The CBN's policy committee's relevance to the ongoing fight against rising domestic prices means it is no less important a target for reforms. Read more »
June 30, 2023
Nigeria: Building Collapses in Port Harcourt
The Rivers State Government is investigating the incident, says an official. Read more »
Nigeria: 11 People Killed in Benin Road Accident - FRSC
The FRSC is investigating the incident. Read more »
June 29, 2023
Nigeria: Nigerian Bank Introduces Humanoid Robot to Engage Customers
Another humanoid robot will be deployed in the Bank's next and second Digital Experience Centre, soon to be announced in the coming months. Read more »
Nigeria: How to Avoid More Deaths On Nigeria's Inland Waterways
On the waters between Niger and Kwara states, no fewer than 100 wedding guests, including a father and his four children, met their untimely death as their boat capsized. Read more »
Nigeria: Group Urges Tinubu to Investigate Crude Oil Swap Deals
Policy Alert says terminating the direct purchase contract alone was not enough and would amount to half-measure if the 'corrupt system underpinning the swaps was not investigated,… Read more »
June 28, 2023
Nigeria: UK to Partner Enugu Govt for Economic Benefits
"I am here to listen, learn, and understand more about your priority and that of your new government to explore areas of further collaboration." Read more »
Nigeria: Nigeria Tops Brazil, France, Others As Most Crypto-Savvy Country - Report
The researchers polled a representative sample of over 15,000 people across several countries, including Nigeria, between April and May. Read more »
Nigeria: Lone Man Repairs Highway in Ogun to Save Motorists From Gridlock
Journalists spotted Olanrewaju Adewuyi at his self-assigned public work on Tuesday on the Lagos-Abeokuta expressway. Read more »
Nigeria: Nigerian Energy Stocks Close in On Best Quarterly Performance in Nine Years
The NGXOILGAS, the index tracking the performance of that sector, has yielded 50.7 per cent since April as of Tuesday. Read more »
Nigeria: Naira Extends Gain At I&E Window
Naira extended gain at the official market to trade at N763.00 per $1 on Tuesday Read more »
June 27, 2023
Nigeria: Kano Governor Suspends 10,800 Civil Servants Employed By Ganduje
The suspended workers will not receive their salaries for June. Read more »
Nigeria: Controversy Trails 'Plans' to Increase Electricity Tariffs
The uncertainty surrounding the proposal has generated concerns among consumers and key institutions in the industry. Read more »
Nigeria: Sallah - High Fares Prevent Many Passengers From Travelling
"We charged N4,000 to Lagos in 2022 and we are carrying it now for N10,000 due to subsidy removal." Read more »
Nigeria: NNPCL's Secret Deal With OVH Leaves Workers Angry, Disillusioned
NNPC says it acquired OVH Energy, however, it now appears to workers of NNPC Retail that it was OVH Energy that did the acquisition. Read more »