December 26, 2022
Nigeria: Why Emefiele Must Go - Now!
Mr Emefiele is clearly past his "best before date" as governor of the Central Bank of Nigeria. Read more »
December 28, 2022
Nigeria: Salary Increase - We'll Make Pronouncements in New Year - Ngige
The rising price of consumer goods and a record high inflation prompted Nigerian workers to demand better pay. Read more »
December 27, 2022
Nigeria: Afreximbank Gets Internal Approval to Acquire Stake in Geregu Power
Geregu Power, controlled by the business tycoon Femi Otedola, is a 435 megawatt thermal power plant located in Ajaokuta, Kogi State. Read more »
December 23, 2022
Nigeria: Shell to Pay U.S.$16 Million to Nigerian Farmers Over Oil Damage
A Dutch Court in 2021 ordered the international company to pay the claimants compensation over the oil spills that took place in the villages between 2004 and 2007. Read more »
December 26, 2022
Nigeria: Aiteo Loses Again to Shell in London Court
The long-running case concerns a debt allegedly owed by Aiteo to Shell and several other claimants. Read more »
December 23, 2022
Nigeria: Nigerian Govt to Sell Five Electricity Companies to Fund 2023 Budget
The government said the sale will take place in the first quarter of 2023 and the proceeds will be used to fund the 2023 budget. Read more »
December 22, 2022
Nigeria: We Are Partnering With 15 Firms to Deliver Key Energy Projects - NCDMB
The projects cover modular refining, gas distribution, power generation and manufacturing. Read more »
Nigeria: 'Problems' in Buhari's 2023 Budget Stalls Passage
Lawmakers cannot pass the budget because it "came with some problems" that were discovered by the National Assembly Committees on Appropriations. Read more »
Nigeria: Naira Redesigning - CBN Deputy Gov Briefs Reps, Says 500 Million New Notes Ordered
The CBN official says she does not know the total value of money printed. Read more »
Nigeria: High Voltage Causes 10 Deaths in Zaria
A community leader in Zaria said the power fluctuations virtually affected all houses in the three communities. Read more »
Nigeria: Buhari's Port Harcourt-Maiduguri Rail Promise Dashed
President Muhammadu Buhari had last March performed the groundbreaking ceremony to commence the reconstruction of the rail line. Read more »
December 21, 2022
Nigeria: Nigerian Govt Approves N3.4 Billion to Restore Electricity to Maiduguri
Maiduguri got disconnected from the national grid due to the activities of Boko Haram insurgent, an official said. Read more »
Nigeria: Central Bank Amends Cash Withdrawal Policy, Raises Weekly Limits
The upward review comes after the National Assembly asked the bank to considerably adjust the withdrawal limits in response to public outcry on the policy. Read more »
Nigeria: NLC Demands Reversal of Privatisation of Electricity Sector, Rejects Water Bill
The trade union said since the power sector was handed over to private operators, no significant improvement has been recorded. Read more »
December 20, 2022
Nigeria: Withdrawal Limit - Again, Emefiele Fails to Appear Before Reps, Says He's On Official Assignment Abroad
Mr Emefiele, who was billed to appear before the lower chamber on Tuesday (today) to explain the withdrawal policy, has been asked to honour the invitation on Thursday. Read more »
Nigeria: Court Rejects SSS' Request for Arrest Warrant Against CBN Governor Emefiele
The judge criticised the SSS for attempting to use the court as a cover for an irregular move to arrest the CBN governor Emefiele Read more »
December 19, 2022
Ghana: Ghana Suspends Payment On Eurobond, Other Foreign Debt As Economic Crisis Worsens
The country suspended payments on its Eurobond, commercial term loans, and on most of its bilateral debt, a week after a $3 billion agreement with the International Monetary Fund… Read more »
Nigeria: Peter Obi Speaks On Killing of Labour Party House of Assembly Candidate
The victim was killed when gunmen invaded his house. Read more »
Nigeria: Nigeria Exchange Set for Startup Boom As SEC Approves Listing Rules for Tech Board
The technology board is a specialised platform for technology-based companies to list and raise capital on The Exchange. Read more »
Nigeria: Why Hitching Currency Redesign to CBN's Cashless Policy Isn't As Smart As It Sounds
Our currency has been debased by and inflation is rampant because of the Central Bank's unwillingness and/or inability to aim for and maintain stable prices. Read more »
December 17, 2022
Nigeria: Why You Should Invest in Nigeria, President Buhari Tells Corporate America
"It is therefore, imperative that I reiterate at the outset, the comparative advantages that exist within Nigeria's economy," President Buhari says. Read more »
Nigeria: Shell Completes Acquisition of Nigerian Solar Firm Daystar Power
First announced in late September, the deal, having scaled regulatory hurdles, is the latest phase of Shell's march towards providing clean energy via carbon emissions. Read more »
December 16, 2022
Nigeria: World Bank Lowers Nigeria's Growth Forecast to 3.1 Percent
The World Bank says the revision is due to slow economic growth in the third quarter, and due to a weak performance in critical areas of the economy. Read more »
December 15, 2022
Nigeria: Fuel Scarcity - Petroleum Marketers in Ogun Threaten to Shut Down Outlets Over SSS Threat
IPMAN accuses the security agency of choosing the "path of dishonour" by threatening to go after its members. Read more »
Nigeria: Nigeria Inflation Rises for 10th Straight Month to 21.47%
The inflation fails to cool as energy prices continue to rise. Read more »