February 09, 2023
Nigeria: Otedola's Brothers Acquire 7.7mn Shares Worth N1.7bn in Geregu Power
The share acquisition puts the two brothers in a good position to become directors on the company's board, currently chaired by Femi Otedola. Read more »
Nigeria: More Troubles As Banks Suspend Operations After Violent Protests in Ogun
Banks came under attack in Abeokuta as protesters targetted Automated Teller Machines. Read more »
Nigeria: How Accurate Are Kwankwaso's Claims About Nigeria's Oil Production?
Mr Kwankwaso, a former minister of defence, expressed concern about how crude oil theft in Nigeria is undermining production and consequently affecting the country's revenue… Read more »
February 08, 2023
Nigeria: IMF Urges Nigerian Govt to Remove Fuel Subsidy By Mid-2023
The IMF urged the Nigerian authorities to remove fuel subsidies by mid-2023, and to increase well-targeted social spending. Read more »
Nigeria: Nigeria Air Will Fly Soon, Minister Insists Three Months to Exit
Many Nigerians have criticised the Muhammadu Buhari administration for seeking to start a new national carrier after the former national carrier, Nigeria Airways, collapsed largely… Read more »
Nigeria: Fuel/Naira Scarcity - Sanwo-Olu Announces 50% Discount On State-Owned Buses
The governor also announced that food banks will be created to serve vulnerable citizens in the state Read more »
Nigeria: Don't Stop Using Your Old Naira Notes, Tinubu Will Reverse Policy If Elected - El-Rufai
Mr El-Rufai told his audience to continue transacting with the old naira notes. Read more »
Nigeria: Fuel Tanker Explodes On Ore-Benin Expressway in Ondo State
The explosion was the second in the area in nine days as a kerosene tanker also burst into flames there on 31 January, roasting its driver. Read more »
Nigeria: Fuel Scarcity Across Nigeria to Reduce From Next Week - Officials
The NNPCL also promised that there will be an improvement in the supply of petroleum products across the country. Read more »
Nigeria: Naira Redesign - Extend Timeframe for Policy Implementation, NGF Tells Buhari
The governors made their positions known in a statement signed by the Sokoto State Governor and Chairperson of the NGF, Aminu Tambuwal. Read more »
Nigeria: New Naira Notes - CBN Pledges to Assist INEC
Mr Emefiele said that the CBN had always been supportive of INEC in whatever way possible to ensure that it delivered on its mandate of ensuring hitch-free elections. Read more »
February 07, 2023
Nigeria: Nigeria Could Become Africa's Biggest Oil Refinery By 2025 - Report
Nigeria is the market to watch this year not only because of the opening of the Dangote refinery but because of its upcoming change of administration, an expert said. Read more »
February 06, 2023
Nigeria: 2023 - Atiku in Benue, Promises to Tackle Insecurity, Promote Agriculture If Elected
The former Vice President said he would unite Fulani and Tivs. Read more »
February 07, 2023
Nigeria: Nigerian Billionaire Offers Ardova's Shareholders N16.9bn in Move to Take Company Private
If the transaction goes through, Ardova will be delisted from the Nigerian Exchange. Read more »
February 06, 2023
Nigeria: Bank Official Arrested Over Alleged Hoarding of New Naira Notes
EFCC says the branch of the bank in Abuja refused to load its Automated Teller Machines (ATMs) despite having N29 million of the redesigned Naira notes in its vaults. Read more »
Nigeria: Court Orders CBN to Stick to 10 February Validity Date for Old Naira Notes
The court ordered President Buhari and the CBN to ensure the enforcement of the 10 February deadline for the old currency notes. Read more »
Nigeria: Naira Redesign, Fuel Scarcity Could Escalate Tension Ahead of Polls - World Bank
The world bank said the Nigerian authorities should consider allowing for a longer implementation period, well beyond February 10. Read more »
Nigeria: Standard & Poors Revises Nigeria's Outlook
"The outlook revision reflects our view that Nigeria's debt servicing capacity has weakened due to high fiscal deficits and increased external pressures," it said. Read more »
Nigeria: Naira Redesign - Nigerians Grapple With Hardship As PoS Transaction Charges Jump 400%
As the scarcity of the new Naira notes stifle economic activities, PoS operators raised charges on transactions by 400 per cent. Read more »
Nigeria: Japa: Citizens' Mass Exodus - a Reality Check for Nigeria
Nonetheless, cynics, especially medical practitioners, say the worst is yet to come. Read more »
February 05, 2023
Nigeria: Stallion Nigeria Refutes Claim of Alleged Debt to GTB, Says Matter Pending in Court
The company said the matter is still in court Read more »
Nigeria: Naira Redesign - Peter Obi Urges Nigerians to Be Patient With CBN
Mr Obi made the appeal in a tweet on Sunday morning. Read more »
February 04, 2023
Nigeria: Actress Simi Gold Arrested for Allegedly Selling New Naira Notes
The 31-year-old actress was arrested after the video of her spraying and stepping on the newly redesigned Naira notes at a party surfaced online. Read more »
February 03, 2023
Nigeria: Ibom Air to Begin Commercial Flight to Seven African Countries
Ibom Air, which launched its maiden flight in June 2019, is rated as one of the most successful airlines in Nigeria. Read more »
February 04, 2023
Nigeria: Inside Details of Terrorism Charges State Security Filed against Reserve Bank Governor
The documents provide, for the first time, the missing details of the terrorism financing allegation which the SSS levelled against Mr Emefiele. Read more »