March 27, 2023
Nigeria: Naira Weakens At Official Market
Naira declined to N461.50 on the spot market on Monday Read more »
Nigeria: 'There Is Huge Interest From American Companies in Nigeria, but...' - U.S. Ambassador
It (Nigeria) is inherently attractive because of just the size of the market. I mean no one wants to be outside of Nigeria because it is just too tempting a place but I think that… Read more »
West Africa: WAEC Suspends Manual Process of Result Confirmation
In 2022, WAEC launched a digital platform where candidates can also recover burnt, lost, and damaged certificates online. Read more »
March 22, 2023
Nigeria: FEC Approves U.S.$984.7 Million for Maintenance of NRC Equipment
FEC also approved N5 billion for the provision of accommodation to staff of National Drug Law Enforcement Agency (NDLEA). Read more »
March 20, 2023
Nigeria: Nigerian Economy - the Case for Additional Reforms, By Uddin Ifeanyi
If we are to attract the investment needed to meet the sundry economic goals we have set ourselves, reforms to the laws have to be implemented in tandem with reforms to our… Read more »
March 16, 2023
Nigeria: Supreme Court Affirms Hembe As Benue Labour Party's Governorship Candidate
Benjamin Iorlumum had filed his appeal at the Supreme Court to challenge the nomination of Mr Hembe as the Labour Party's governorship candidate in Benue State. Read more »
Nigeria: Mixed Reactions Trail Central Banks Directive As Banks Struggle to Meet Customers' Demands
The CBN policy caused widespread chaos across the nation, as frustrated Nigerians staged protests amid poor banking operations. Read more »
Nigeria: Shell Resumes Crude Oil Export Operations At Bonny Terminal
The force majeure was declared on March 3, 2022 Read more »
Nigeria: NCC Urges Telcos to Adopt Renewable Energy to Minimise Cost
The commission urged telcos to focus on green and sustainable power solutions required for the connectivity of IoT devices and network optimisation Read more »
March 15, 2023
Nigeria: Fuel Subsidy Removal - No Plan for Palliatives Yet for Nigerians - Govt
Under the federal government's 2022 to 2023 Medium-Term Expenditure Framework, a proposal of N3.3trillion was only made for fuel subsidy between January and June 2023. Read more »
Nigeria: Hookah-Smoking Viral Image Not Abiodun Oyefusi, Labour Party's Deputy Governorship Candidate in Lagos
Recently, an image of a lady smoking hookah went viral with the claim she is the running mate of Gbadebo Rhodes-Vivour, the governorship candidate of the Labour Party (LP) in Lagos… Read more »
Nigeria: Naira Redesign Implementation Failure and Its Consequences
There is the fundamental lesson of whether our institutions in Nigeria have been hijacked and subverted from serving the Nigerian people and our economy to serving personal and… Read more »
Nigeria: FEC Approves N15bn for Road Linking 2nd Niger Bridge, Ꞓ3.7m for Power
The federal government said the completion of the road would help achieve the dream of inaugurating the bridge before 29 May. Read more »
Nigeria: Marginal Field - NUPRC to Ease Funding Challenges for Awardees
"It is to provide platforms for strategic partnership/alliance between the awardees and the service providers..." Read more »
Nigeria: Nigeria's Inflation Hits 21.91% Amid Cash Crunch
Inflation rose to 21.91 per cent in February compared to 21.82 per cent in January Read more »
Nigeria: Nigeria Recorded 12.9 Million Cyber Attacks During Presidential, NASS Elections - Minister
Threats to public websites and portals averaged around 1.5 million daily but the figure skyrocketed to 6.9 million on Presidential Election Day, the minister said. Read more »
March 14, 2023
Nigeria: Nigerian Banks Raise Foreign Exchange School Fees Request Time, Cut BTA, DTA
A notice from First bank, seen by PREMIUM TIMES Tuesday, attributed the new development to a "limited supply of FX." Read more »
Nigeria: Nigeria Labour Congress to Embark On Seven Days Warning Strike
The union also expressed outrage at the "surreptitious increase in electricity tariff without notice and without improvement in the quality of service." Read more »
March 13, 2023
Nigeria: Central Bank Reverses Order on Old Banknotes
The CBN said it gave the directive at a Bankers' Committee meeting held on Sunday. Read more »
Nigeria: Though Nigerians Are Suffering, They Support Buhari's Naira Policy - Presidency
The federal government and the Central Bank of Nigeria (CBN) have defended the naira redesign policy, describing it as a move towards a cashless system and an effort to fight crime… Read more »
Nigeria: Naira Redesign - Buhari Disowns Emefiele, Malami Over Supreme Court Judgement
President Buhari says he did not direct Messrs Emefiele and Malami to disregard the order if the Supreme Court Read more »
Nigeria: Naira Scarcity - While Nigerians Suffer, Buhari Remains Non-Committal to Obeying Supreme Court Ruling
Instead, Mr Buhari said he did not "instruct the Attorney General and the CBN Governor to disobey any court orders involving the government and other parties. Read more »
Nigeria: It Is Illegal to Reject Old Naira Notes - Lagos Governor
Mr Sanwo-Olu urges business owners and government agencies to accept the old naira notes in accordance with the court ruling. Read more »
March 12, 2023
Nigeria: Company Blames Insufficient Power Allocation for Unstable Electricity Supply
Mr Muhammed apologised to electricity consumers for the inconveniences caused by the load shedding. Read more »
March 10, 2023
Nigeria: Nigerians Lament As Traders, Motorists Reject Old Naira Notes
Despite lamenting the ripple effect of the cash crunch on their businesses, traders refused to accept the old Naira notes from customers. Read more »