April 06, 2023
Nigeria: Passengers Swim to Safety As Boat Capsizes in Bayelsa
No life was lost in the incident, says an official of the Maritime Workers Union of Nigeria. Read more »
Africa: AfDB Appoints New Vice President
The new appointee is a seasoned senior executive with close to 31 years of experience Read more »
Nigeria: Forbes Names Three Nigerians Among World's Billionaires
Messrs. Dangote, Rabiu and Adenuga are the only three Nigerians on the Forbes list. Read more »
April 05, 2023
Nigeria: Fuel Subsidy - Nigerian Govt Secures $800 Million World Bank Facility
The finance minister said the $800 million is the first tranche of palliatives to be disbursed through cash transfers to about 50 million Nigerians, who belong to the most… Read more »
April 06, 2023
Nigeria: Peter Obi, Labour Party Say 'Religious War' Audio Is 'Fake Doctored', Threaten Legal Action
"As part of the grand design, they are circulating a fake doctored audio call. At no time throughout the campaign did Mr Peter Obi ever say, think or even imply that the 2023… Read more »
April 05, 2023
Nigeria: Nigeria's Unemployment Rate Projected to Hit 40.6% - KPMG
"We estimate that this rate has increased to 37.7percent in 2022 and will rise further to 40.6percent in 2023", the report said. Read more »
Nigeria: Nigeria's Manufacturing Sector Shrinks in March As Cash Scarcity Bites
Widespread reports by firms indicated that customers were unable to commit to spending in the face of the cash crunch Read more »
April 04, 2023
Nigeria: Chinese Bank Approved to Finance Kaduna-Kano Rail Project
The Senate said China Development Bank (CDB) has taken over the financing of the project following the withdrawal of the China Exim Bank. Read more »
Nigeria: Naira Scarcity - Emefiele Committed Crime Against Humanity, Says Soyinka
"Emefiele has committed a crime against humanity, over and beyond even any electoral mago mago (foul play)," Mr Soyinka said. Read more »
Nigeria: NNPCL Denies Paying N20bn to 'Ghost' Consultants
The NNPCL asked the online platform to retract the said publication. Read more »
Nigeria: Naira Plunges to New Low At Official Window
Naira plunged to N463.50 per $1 on Monday, the lowest known level it has recorded at the official market so far. Read more »
April 03, 2023
Nigeria: NSIA's 2022 Audited Financial Report Shows 10th Straight Year of Positive Earnings
The financial performance underscores the resilience of the NSIA's investment strategy and the quality of its earnings, notwithstanding the challenging macroeconomic environment Read more »
Nigeria: Explainer - How to Spot Deepfake Audio Clips Blended By Artificial Intelligence Tools
Some Nigerian disinformation experts have deployed audio-based deepfake technology to fake sensitive conversations of political figures, stirring controversies. Read more »
April 02, 2023
Nigeria: NSIA's Annual Profit Plunges By 33% As Revenue Dwindles
Total income for 2022 diminished by 28.1 per cent to N154.9 billion Read more »
Nigeria: Nigeria's Investment Agency Troubled As Buhari Appointee Suffers Competence Crisis
The commission that is responsible for driving desperately needed investments in Africa's largest economy is riddled with troubles as Ms Umar and the staff are at loggerheads. Read more »
March 30, 2023
Nigeria: Global Economy's 'Speed Limit' Set to Fall to Three-Decade Low - World Bank
"For developing economies, the decline will be equally steep from 6 per cent a year between 2000 and 2010 to 4 per cent a year over the remainder of this decade," the report said. Read more »
March 29, 2023
Nigeria: Govt Approves U.S.$52 Million for Free Internet Facilities in Airports, Markets
The government also said 43 higher institutions of learning in the country would be linked to the Internet facility. Read more »
Nigeria: Women in Agriculture - My Struggle With Land, Funding, Other Issues - Samantha Okoligbo
Samantha Okoligbo, a young farmer, speaks about her struggles as a woman in the agricultural sector in Nigeria. Read more »
Nigeria: Zenith Bank's Gross Earnings Rises By 24% to N945.5 Billion in 2022
In 2023, the Group intends to expand its frontiers as it also reorganises into a holding company structure, adding new verticals to its businesses and growing in all its chosen… Read more »
Nigeria: Women in Agriculture - My Struggle With Land, Funding, Other Issues - Samanptha Okoligbo
Samanptha Okoligb, a young farmer, speaks about her struggles as a woman in the agricultural sector in Nigeria. Read more »
Nigeria: NLC, TUC Extend Ultimatum to CBN to End Cash Crunch
The two organisations had earlier threatened to picket all branches of the CBN beginning from 29 March. Read more »
March 28, 2023
Nigeria: Subsidy Removal Will Push Fuel Prices to N750 Per Litre - Marketers
Government's strategy must be issue-based and not confrontational, an expert said. Read more »
Nigeria: Oil Exploration Begins in Nasarawa
Mr Buhari said the new oil discovery aligned with the ongoing campaigns to explore crude oil and gas in the nation's Frontier Basins. Read more »
Nigeria: Reps Approve Change of Lender for $973 Million Kaduna-Zaria-Kano Rail Line
The lawmakers adopted a motion replacing the China Exim Bank with China Development Bank as the financier of the rail line. Read more »
Nigeria: Again, Senate Extends Implementation of 2022 Budget
The National Assembly extended the implementation of the 2022 Appropriation Act from 31 December 2022 to 31 March 2023. Read more »