December 15, 2022
Nigeria: Naira Slips Against Dollar At Official, Black Markets
Naira weakened by 0.94 per cent to N450.58. Read more »
December 14, 2022
Nigeria: Senate Asks Central Bank to Reconsider Cash Withdrawal Policy
The CBN, in a memo in November, announced a limit on cash withdrawal made by individuals and organisations with effect from 9 January, 2023. Read more »
Nigeria: Governor Adeleke Suspends Mining Activities in Osun
Governor Adeleke says none of the mining companies operating in the state for the past 25 years has paid any dividends to the state. Read more »
December 13, 2022
Nigeria: Fuel Scarcity - Reps Ask NMDPRC, SSS to Clamp Down On Fuel Stations Selling Above Regulated Price
Nigeria's lingering fuel scarcity became worse in recent weeks as several filling stations failed to sell the product while others sold above the regulated price. Read more »
Nigeria: Atiku in Plateau - Promises to Restore Peace, Improve Economic Activities
Atiku was in Jos to woo voters during the next year's presidential election. Read more »
Nigeria: Governor Adeleke Imposes Derivation Tax On Mining Companies in Osun, Warns Illegal Miners
Governor Ademola Adeleke says gold mining companies will pay 13 per cent of their profits into the state coffers. Read more »
Nigeria: Tax Credit - NNPC's N1.6trn Quest to Fix Nigerian Roads
Like any other responsible corporate citizen, the NNPC prioritizes road infrastructure as part of its Corporate Social Responsibility (CSR) Projects Read more »
Nigeria: Plateau Civil Servants Embark On Five-Day Warning Strike
The workers said they have not been paid for three months. Read more »
December 12, 2022
Nigeria: Nigerian Stocks Near 10-Week High As Investors Stake Hope On Banks
The all-share index rose by 10.3 basis points to 48,899.1, while market capitalisation closed higher at N26.6 trillion. Read more »
December 11, 2022
Nigeria: Nigeria Is 10th Country With Most Internet Freedom in the World - Report
Internet users in a record number of countries have faced arrest and physical attacks for their posts over the past year, the report says. Read more »
December 09, 2022
Nigeria: Nigerian Regulators, Oil Marketers Agree to End Prolonged Fuel Scarcity After SSS Threat
An official says procurement has been made for suppliers of petroleum products until next year after the election. Read more »
Nigeria: The CBN Currency Plan - Deepen Distrust, Cause Disaffection
The CBN has decided, you can't take more than N20,000 out of your own money from your own bank account in one day. In a country in which the majority of Nigerians have no bank… Read more »
Nigeria: Tax Credit - NNPC Says N621 Billion Spent On 21 Roads - to Inject N1 Trillion in Second Phase
NNPC says it has funded the reconstruction of 21 roads across the country at N621.24 billion. Read more »
Nigeria: Three Russian Companies, Eight Others Bid for Ajaokuta Steel Plant - - Minister
The government says it will no longer be possible for it to revive the steelworks before the Buhari administration leaves office next year. Read more »
December 08, 2022
Nigeria: Nigeria Oil Firm Gets Ultimatum to End Fuel Shortages
Nigeria's secret police has threatened nationwide operations to end the crisis that has lasted months. Read more »
Nigeria: SSS Gives NNPCL, Marketers, Others 48 Hours to End Fuel Scarcity Across the Country
The SSS says it will provide security for the seamless distribution of the product across the country. Read more »
Nigeria: Dantata's MRS Gave NNPC $300 Million to Acquire Chevron Asset - to Receive Over Four-Year Oil Supply in Return
NNPC will pay back over four and a half years by supplying MRS 8,000 barrels of oil per day throughout the contract duration. Read more »
Nigeria: CBN Has Retrieved Over N1 Trillion After Redesigning Naira Notes - Emefiele
The governor of the central bank says banks hold nearly a trillion naira too. Read more »
Nigeria: No Turning Back On Cashless Policy, Emefiele Says After Meeting Buhari
The central bank governor says limits may be amended but the policy will go forward. Read more »
Nigeria: Court Clears Firm from Alleged N3.5 Billion Paris Loan Scam
When the EFCC concluded its investigation, GCA Energy Limited and its officials were not charged. Read more »
Nigeria: China Accounts for 66% Debt-Service Payments By Nigeria - World Bank
Nigeria's debt owed to China accounts for 83.57 percent of its total bilateral debt as of June 30, 2022, totalling $3.9 billion. Read more »
Nigeria: Brisk Business Returns to Famous Maiduguri Fish Market Despite Challenges
Fishing was one of the hardest hit businesses at the peak of the Boko Haram insurgency, but the merchants said things are gradually returning to normal. Read more »
December 07, 2022
Nigeria: Nigeria's Oil Production Rises to 1.6 Million Bpd As Theft Reduces - NNPC
The NNPC says it has managed to force down the rate of theft, but says problems remain. Read more »
Nigeria: Airtel Nigeria Emerges Sole Bidder in Second 5G Licensing Round
Airtel applied alongside Standard Network & Connections Limited, but only Airtel made the initial payment required. Read more »
Nigeria: Senate Threatens to Cut Budgets of Over 100 MDAs for Ignoring Summons
The MDAs have repeatedly failed to appear before the Senate Public Accounts Committee to respond to queries raised in the Auditor General's report. Read more »