June 04, 2023
Nigeria: Fuel Subsidy - Nigeria Electricity Workers to Embark On Nationwide Strike
"Please note that withdrawal of Services nationwide commences from 0.00 hours of Wednesday, June 7, 2023," the statement said. Read more »
June 02, 2023
Nigeria: Subsidy Regime Ended in February 2022 - NNPCL
"That means by law, the subsidy regime was gone by 17 February 2022. But of course, the government can always decide to spend on its citizens, in the manner that it wants," an… Read more »
Nigeria: How Capital Market Will Aid Nigeria's Infrastructural Development - SEC DG
"I have a lot of hope in our economy. Right now if you do the GDP ranking, Nigeria is about number 30, but I am very confident that if we get our infrastructure right, our ranking… Read more »
June 01, 2023
Nigeria: Fuel Subsidy - Reps Ask Govt to Mitigate Effects of Subsidy Removal
The lawmakers asked the federal government to, among other things, purchase natural gas-powered buses to mitigate transport fare hike. Read more »
Nigeria: How Fuel Subsidy Removal Will Reduce Borrowing - Expert
"We are faced with a very tricky situation; if we continue with the subsidy, it has the potential to pull down the economy completely the way it is going," Mr Yusuf said. Read more »
Nigeria: Fuel Subsidy Not Budgeted for in 2023 - Kyari Tells APC
"There was subsidy in 2022 but in 2023, not a single naira was provided for the purpose of financing the subsidy." Read more »
Nigeria: Why Subsidy Removal Must Not Deepen Poverty - Amnesty International
"Many are concerned that they will be unable to meet the costs of education, food and healthcare," the organisation said. Read more »
Nigeria: Scorecard - Increased Revenue, Huge Debt Burden, Higher Child Mortality Reflect Wike's Performance As Rivers Governor
The unemployment rate also rose slightly in Rivers under Nyesom Wike's administration. Read more »
Nigeria: Central Bank Dismiss Reports of Naira Devaluation
The apex bank described reports of devaluation as "falsehoods" Read more »
Nigeria: Nigerian Breweries Mulls Acquisition of Distell Wines & Spirits Nigeria
The company got an approach from Heineken Beverages to buy the 80 per cent shareholding in Distell Wines & Spirits Nigeria Limited Read more »
Nigeria: Fuel Subsidy - After Meeting Tinubu's Delegation, NLC Insists On Price Reversal
"This is an ambush and runs against the spirit and principles of social dialogue...," the labour union said. Read more »
Nigeria: Investigation - the Real Owners of Nigeria's Polaris Bank Revealed
This months-long investigation reveals the full cast of characters to which the Central Bank of Nigeria and AMCON sold Polaris Bank. Read more »
May 31, 2023
Nigeria: State Oil Firm Increases Fuel Price
"The company sincerely regrets any inconvenience this development may have caused," the statement said. Read more »
Nigeria: Aircraft Carrying Jigawa Pilgrims Makes Emergency Landing in Kano After Lightning Strike
the aircraft windscreen was hit by lightning. Read more »
Nigeria: Nigerians Lament As Motorists Hike Transport Fares Amid Fuel Scarcity
Transport fares increased significantly across the country as motorists scrambled to get petrol amid scarcity. Read more »
May 30, 2023
Nigeria: Nigeria's Dollar Bonds Surge After Tinubu's Plan to Unify Exchange Rates, Scrap Subsidies
Eurobonds, which have 2047 as their maturity, had risen 3.9 per cent to 67.1 cents on the dollar as of 12:30 p.m. in London. Read more »
Nigeria: Expert Warns Petrol Marketers Against Hoarding
"It is risky for any marketer to attempt to hoard the product...," the professor said. Read more »
Nigeria: Fuel Queues - Nigerian Regulatory Agency Warns Against Panic Buying
"We, therefore, call on Nigerians to remain calm and resist the urge to stockpile as it poses a significant safety hazard," an official said. Read more »
Nigeria: NNPC Speaks On Subsidy Removal, Cautions Against Panic Buying
"Subsidy has been a major challenge for NNPC's continuous operations." Read more »
May 29, 2023
Nigeria: UK, U.S., Saudi Arabia Envoys, Others in Bilateral Meetings With Tinubu, Pledge Support
The envoys also presented letters to Mr Tinubu, who was inaugurated earlier on Monday. Read more »
Nigeria: Fuel Queues Resurface as President Tinubu Announces Subsidy Removal
Fuel queues returned to Nigerian cities Monday as many motorists scrambled to get petroleum products hours after President Bola Tinubu announced that the government will put an end… Read more »
Nigeria: Catalysing Nigeria's Industrial Development Through Decentralised Off-Grid Systems
As the energy transition draws nearer each day, rural electrification, coupled with productive energy use, has the potential to spark an Industrial Revolution in Nigeria Read more »
Nigeria: Revenue Increased, Debt Worsened, Out-of-School Children High While Emmanuel Governed Akwa Ibom
Akwa Ibom is one of Nigeria's oil-producing states. Read more »
Nigeria: Scorecard - How Nigeria's Agriculture Sector Fared Under Buhari
Although some progress was recorded under the agric sector in the past eight years, this still does not reflect in the state of food availability, accessibility and affordability… Read more »
Nigeria: Ganduje Leaves Kano With N241 Billion Debt
In his speech, Mr Ganduje said that his administration collected N1.2 trillion in the last eight years Read more »