June 14, 2023
Nigeria: Oil Palm Sector Struggling As Demands Surge
Over half a century ago, Nigeria was a world leader in oil palm production, but its status has since changed due to neglect of the sector and extreme weather events Read more »
Nigeria: Tinubu Signs Data Protection Bill Into Law
The Nigeria Data Protection Act 2023 provides a legal framework for protecting personal information and the practice of data protection in Nigeria. Read more »
Nigeria: Nigeria's Telecom Access Gaps Drop By 53%
Access gaps refer to the cluster of communities or grouped areas in different parts of the country that are bereft of access to telecom services Read more »
Nigeria: Nigeria Grants Licences for New Oil Export Terminals
They are the first set of licences to establish crude oil terminals, sealed and granted by the NMDPRA. Read more »
Nigeria: 103 Die As Boat Capsizes in Kwara
"Our village people went to a wedding ceremony in another village called Gboti and the boat carried about 270 people, and almost 110 people were lost." Read more »
Nigeria: Subsidy Removal and Its Discontents
The sudden but predicted removal of fuel subsidy has sparked some fireworks and a lot of incoherence about the Nigerian economy and its sociopolitical currents. In the matter of… Read more »
June 13, 2023
Nigeria: Stocks Hit 15-Year High On Suspension of Central Bank Governor
Year to date, the index has returned 13.5 per cent. Read more »
Nigeria: TotalEnergies Announces Oil, Gas Discovery Offshore Nigeria
OML 102 is operated by TotalEnergies EP Nigeria with a 40 per cent interest, alongside partner NNPC Ltd with the remaining 60 per cent Read more »
Nigeria: Nigeria's Dollar Bonds Jump 5-Month High After Emefiele's Suspension
Of the Eurobonds of emerging markets on Monday, Nigeria's bonds recorded the sharpest rise. Read more »
June 12, 2023
Africa: African Union, Others Meet to Address Illicit Financial Flows in Extractive Industry
The conference is organised in line with African Union Decisions and Instruments adopted by African Heads of State and Government. Read more »
Nigeria: Nigerian Regulatory Agency Accuses Exxonmobil of Oil Theft
"My response to your inquiry is that all operations of the NNPC/MPN Joint entire are carried out in full compliance with the law," a spokesperson for ExxonMobil said. Read more »
Nigeria: How Aviation Industry Can Support Climate Action
Although not delineated, Nigeria's transport sector, according to the NDC document, accounts for 21 per cent of GHG emissions within Nigeria's energy sector in 2018. Read more »
June 10, 2023
Nigeria: My Concerns About Detention of Emefiele By SSS - Agbakoba
Mr Agbakoba, a former president of NBA, says Mr Emefiele's suspension as CBN governor was unsurprising, but his detention by SSS was. Read more »
June 11, 2023
Nigeria: Prospecting Nigeria's Free Trade Zone Under Tinubu Administration
"Tinubu's presidency will be a new dawn as we hope that the scheme will be used to speedily drive national growth." Read more »
June 09, 2023
Nigeria: 'Daily Trust' and the Controversy Over the Naira's Value
In truth, devaluation has not solved any problem in Nigeria as far as I know. Read more »
June 12, 2023
Nigeria: Nigeria Air - Sirika Accuses Ex-Lawmaker of Demanding Bribe
"I said to him at that time, Honourable, a bidding process has taken place, and some people won. So, I think you should go to those people and ask for the 5 per cent," the former… Read more »
Nigeria: Subsidy Removal - Trust Me, Your Sacrifice Won't Be in Vain, Tinubu Tells Nigerians
Mr Tinubu said the decision to remove the petrol subsidy "is one decision we must bear to save our country from going under..." Read more »
Nigeria: Yes to Subsidy Removal, but Tinubu Should Go the Whole Hog
The truth is: it is not going to be easy economically henceforth for the average Nigerian. The new order will stoke inflation, currently at 22 per cent. Read more »
June 11, 2023
Nigeria: CPPE Proposes Measures to Mitigate Effects of Subsidy Removal
The think tank advised that gross monthly salaries of N200,000 and below should be exempted from payment of Personal Income Tax (PAYE) Read more »
Nigeria: As Fuel Subsidy Goes, Nigerian Govt Must Cut Cost of Governance
Fuel subsidy is popular with ordinary Nigerians who regard it as a rare benefit of the country's oil wealth. Read more »
June 09, 2023
Nigeria: Telecom Sector Contributes N2.508 Trillion to Nigeria's GDP
Figures released by the National Bureau of Statistics (NBS) showed that the sector recorded a 4.3 per cent increase from its performance in the last quarter of 2022 when it… Read more »
Nigeria: Nigeria's Refineries Would've Been Working If Subsidy Was Removed in 2011 - Federal Lawmaker
"It's shameful that after over 60 years of exploration we can't refine fuel." Read more »
Nigeria: 5G - NCC Wants Control Over Mining, Usage of Data
According to him, as we embrace the transformative potential of 5G, we must also prioritise safety concerns. Read more »
Nigeria: Nigeria Plans to Surpass OPEC Oil Quota - Official
"In recent times, there has been increase in the volume of crude oil production and decrease in oil theft." Read more »
Nigeria: Naira Hits New Low At Official Market
Naira plunged to a new record low on the spot market, trading at N469.50 per $1 on Thursday. Read more »