November 01, 2022
Nigeria: Anti-Graft Agency Raids Black Market Forex Offices As Naira Falls Rapidly
Naira plunged rapidly between Monday and Tuesday to more than 840 in Abuja a week after the the Central Bank of Nigeria said it will replace higher notes. Read more »
Nigeria: China Harbour Completes Construction of Lekki Deep Sea Port
China Harbour hands over Lekki Deep Sea Port, FG to announce date for official commissioning. Project 100% completed, says Wu Di, Vice President, China Harbour Engineering Company Read more »
October 31, 2022
Nigeria: Alleged Budget Padding - Court to Hear Retired Civil Servant's Suit Against Ministry, Budget Office
A retired staff member of the Budget Office of the Federation, Bilkisu Sannusi, accused the Director-General of the Budget Office, Ben Akabueze of abuse of power. Read more »
Nigeria: Billed to Attend Mining Event to Show Abuja Is Safe, Buhari Jets Out to UK
The president travelled to the United Kingdom for a "routine medical checkup" and will spend about two weeks, his media office said on Monday, just days after he returned from… Read more »
Nigeria: In Lagos, Commercial Bus Drivers Down Tools - Motorcyclists Make Brisk Business
"Drivers and commuters have had a brimful of extortion and harassment from the motor park management and caretaker committee thugs popularly known as Agbero." Read more »
Nigeria: Dangote Cement Sales Rise to 20.8 Metric Tons, Firm Embraces Alternative Fuel
Dangote Cement is Africa's leading cement producer with nearly 51.6Mta capacity across Africa. Read more »
Nigeria: 11 People Killed in Enugu-Port Harcourt Highway Accident - FRSC
Most of the victims were burnt to death, according to the FRSC. Read more »
Nigeria: Why Emefiele Doesn't Need to Inform Finance Minister Before Changing Naira Notes - Moghalu
The CBN Governor, Godwin Emefiele, on Wednesday, said the bank arrived at the decision to redesign N100, N200, N500 and N1000 denominations following a request from the federal… Read more »
October 30, 2022
Nigeria: Ganduje Unveils 100 Luxury Buses for Intra-City Transportation
This is the pilot stage of the intra- city transportation system with 100 high-capacity buses and 50 taxis. Read more »
Nigeria: Buhari Declares Support for Central Bank's Move to Redesign, Replace Naira Notes
President Buhari said reasons given to him by the CBN convinced him that the economy stood to benefit from the policy. Read more »
Nigeria: NNPCL, Akwa Ibom Govt Sign Agreement to Establish Logistics Hub
An official described the project as a game changer not just for the oil and gas industry, but for the nation's economy. Read more »
Nigeria: SAPZs - Solution Whose Time Has Come, By Wole Olaoye
Don't give up on the rural areas as Nigeria's food basket yet. Help is on the way. That is the message of the recent launch of the Special Agro-Processing Zone initiative led by… Read more »
October 28, 2022
Nigeria: IMF Urges Caution On CBN's Plan to Replace Naira
The bank says it is ready to help Nigeria if needed, according to Bloomberg. Read more »
Nigeria: Wheat, Ethanol Top List of U.S. Agric Exports to Nigeria in 2021
Nigeria spent $710.25 million on agricultural products from the U.S., and of that total, wheat alone gulped $503.63 million. Read more »
October 27, 2022
Nigeria: Nigerian Health Workers List Conditions to Halt Brain Drain
The NANNM official said with a population of between 160 million to 200 million, Nigeria now has a ratio of one nurse to about 1,160 patients instead of an average of one nurse to… Read more »
Nigeria: Nigeria Taps South Korea's Daewoo to Fix Kaduna Refinery
The Federal Executive Council last year approved the award of the contract for the rehabilitation of Warri and Kaduna Refineries at the combined total sum of $1.5 billion. Read more »
Nigeria: Seplat's 9-Month Profit Jumps 144 Percent to N34 Billion Amid Oil Price Boom
Seplat says in a separate document seen by PREMIUM TIMES it will pay an interim dividend of US2.5 cents per share to stockholders. Read more »
Nigeria: Why We're Replacing Naira Notes - CBN
The Economic and Financial Crimes Commission, EFCC, applauded the move by the CBN to redesign and reissue higher denominations of the currency. Read more »
Nigeria: Nigerian Govt Announces Preferred Bidders for Abuja, Lagos Airports
The government says Port Harcourt International Airport did not receive any proposals as of the deadline closed." Read more »
Nigeria: Edo Records 113 Deaths From Road Crashes in Nine Months - FRSC
About 477 persons sustained various degrees of injuries, according to the agency. Read more »
Nigeria: Brain Drain - Like Doctors, Nigerian Nurses Are Also Migrating, Many to UK
The UK is the most preferred destination for migrating Nigerian health workers. Read more »
October 26, 2022
Nigeria: Brain Drain - Nigerian Medical Council Denies Signing Bilateral Agreement With UK Govt
MDCN is the agency with the mandate to register and regulate the medical profession in Nigeria. Read more »
Nigeria: Why We're Exceeding Borrowing Plan to Fund Budget - Finance Minister
The minister said as of August, the federal government borrowed N5.33 trillion, which is N430.82 billion above the limit for the month, to finance the 2022 budget. Read more »
Nigeria: Nigeria's Central Bank to Launch New Naira Designs December
"Although global best practice is for central banks to redesign, produce and circulate new local legal tender every 5-8 years, the Naira has not been redesigned in the last 20… Read more »
Nigeria: Central Bank Redesigns 200, 500, 1000 Naira Notes
The bank says the notes were redesigned following a request from the federal government. Read more »