February 03, 2023
Nigeria: Abuja Building Collapse - Death Toll Rises As More People Are Rescued
Residents and passersby gathered as night fell on Thursday as they joined a team of emergency and aid workers who searched through the rubble looking for survivors. Read more »
Nigeria: Bauchi Labour Party's Presidential Campaign Director Joins PDP
The politician said he defected to the PDP to help the party's presidential candidate, Atiku Abubakar. Read more »
Nigeria: Governor Badaru Decries Scarcity of Naira Notes in Jigawa, Charges CBN to Act
Governor Badaru laments that scarcity of new Naira notes has almost crippled economic activities in Jigawa State. Read more »
Nigeria: Finance Minister 'Surprised' As Moody's Downgrades Nine Nigerian Banks
The downgrade of the nine lenders also affected their issuer ratings and the senior unsecured debt ratings. Read more »
February 02, 2023
Nigeria: One Dead, Many Rescued As Building Collapses in Abuja
Many people are still trapped in the structure that collapsed at Gwarinpa's 7th Avenue in Abuja. Read more »
Nigeria: NNPC, Daewoo Signs Agreement to Fix Kaduna Refinery
The last Turn Around Maintenance (TAM) on the refinery occurred about fifteen (15) years ago, an official said Read more »
Nigeria: CBN, Police, Other Agencies to Prosecute Sellers, Abusers of Naira
"The Naira is our legal tender and symbol of national pride. Therefore, let us respect it and handle it with care," CBN said. Read more »
Nigeria: Central Bank Directs Commercial Banks to Pay New Notes Over the Counter, Sets Limit
The bank stated that the new mode of payment is subject to a maximum daily payout limit of N20,000. Read more »
Nigeria: Fuel Scarcity Not Plan to Sabotage Election - Oil State Firm
"... these glitches started well early in 2022. It has nothing to do with this election period," the NNPC boss said. Read more »
Nigeria: Oil Prices Jump As OPEC Retains Monthly Output
The oil cartel urged all participating countries to adhere to the directives Read more »
February 01, 2023
Nigeria: Petrol Sells At N700 Per Litre in Akure Black Market, Not Available At Filling Stations
With petrol unavailable at the filling stations, taxi and Okada riders in Ondo State have turned to the black market for the product Read more »
Nigeria: NNPC Assures INEC of Petrol Supply During Elections
"We are always conscious of the necessity to provide support to INEC whenever elections take place," the NNPC boss said. Read more »
Nigeria: Naira Stable At Forex Markets Amid New Note Scarcity
Naira closed at N461.50 per $1 at the spot market on Tuesday, the same rate it traded in the previous session on Monday. Read more »
January 31, 2023
Nigeria: New Naira Notes - CBN Finds Hoarded N4m in Commercial Banks in Ogun Amidst Shortage
The CBN senior staffer who was obviously angry accused commercial banks of sabotaging the efforts of the CBN to make the new naira notes available. Read more »
February 01, 2023
Nigeria: Fuel Scarcity - 'Nobody Is Indispensable,' Nigeria's Military Chief Warns Oil Marketers
The NNPCL said the fuel distribution crisis was of a monumental proportion, which had taken a different dimension. Read more »
January 31, 2023
Nigeria: Inability to Access Credit Trapping Farmers in Poverty in Abuja Rural Communities
Smallholder farmers in Abuja rue lack of access to agricultural credit facilities and absence of government support. Read more »
Nigeria: Fuel Scarcity - INEC Meets NNPCL On Availability of Products for Election Logistics
INEC partners the NURTW and Marine Workers' Union of Nigeria (MWUN) to ease movement of materials and officials on election day Read more »
Nigeria: NNPC Takes Over Addax Petroleum's PSC Assets
The move followed the termination of the Production Sharing Contract (PSC) relationship between NNPC and Addax. Read more »
Nigeria: Banks Must Accept Old Naira Notes After 10 February Deadline - Emefiele
"The law, which says even after the old currency has lost its legal tender status, that we are mandated to collect these money, ..... And I stand with the House of Reps on this." Read more »
Nigeria: Banks Must Accept Old Naira Notes After 10 February Deadline - Emefiele
"The law, which says even after the old currency has lost its legal tender status, that we are mandated to collect these money, ..... And I stand with the House of Reps on this." Read more »
Africa: SpaceX Announces Nigerian Operation, First in Africa
Nigeria becomes first African nation to receive SpaceX Starlink service Read more »
Nigeria: Lagos Revenue Service Boss Bags Public Sector Icon Award
A statement Friday said that under Mr Subair's watch, Lagos revenue rose to N427bn from about N240bn. Read more »
January 30, 2023
Nigeria: Tinubu Campaigns in Akwa Ibom, Vows to Create Massive Employment for Nigerians
Mr Tinubu urged the people of the state to get their PVCs and vote for all APC candidates in the general elections. Read more »
Nigeria: We Have Old Naira Notes, What Do We Do With Them - Nigerians in Diaspora
Responding to Mr Udoh, Abike Dabira-Erewa, chairperson of Nigerians in Diaspora Commission (NIDCOM) asked, "do Nigerians in diaspora keep or spend Naira notes abroad? Am I missing… Read more »
Nigeria: UN Projects Nigeria's Economy to Grow by 3% in 2023
Commodity exporters in Africa will likely face weaker market conditions given the expected global economic slowdown, it said Read more »