October 17, 2022
Nigeria: Buhari At Ministerial Performance Retreat, Says Nigeria Air To Take Off In December
Mr Buhari says the establishment of the National Carrier is at 91 per cent completion. Read more »
Nigeria: Nigeria Inflation Hits 17-Year High Of 20.8% Amid Soaring Food Prices
The Consumer Price Index (CPI) report released by the NBS showed that inflation rose by 20.8% in September, the highest rate since 2005, up from 20.52% recorded in the previous… Read more »
October 16, 2022
Nigeria: Geregu Power Sets Post-Listing Compliance Standard
Geregu Power Plant, which recently listed on the Nigerian Exchange, posts N39bn nine-months revenue, N13bn profit before tax. Read more »
Nigeria: Oil Theft - Tompolo Uncovers Another Illegal Pipeline in Delta
The latest discovery comes less than one week after at least 58 illegal oil pipelines were discovered by Tompolo in Delta and Bayelsa States where crude oil was being stolen. Read more »
Nigeria: First Aircraft Lands As Ekiti Opens New Airport
The first aircraft, ATR 42 Nigeria Air Force plane, landed at the airport's runway at exactly 10.20 a.m Read more »
October 15, 2022
Nigeria: 2023 Nigerian Budget - Women Affairs Ministry Gets Nearly 50% Cut
The ministry's total budget for 2023 is N17.1 billion, nearly 50 per cent lower than its 2022 budget of N35.749 billion. Read more »
Africa: IMF Raises Concerns About Food Security in Nigeria, Other Sub-Saharan African Countries
The IMF says food insecurity should be policy priority for African governments. Read more »
October 14, 2022
Nigeria: Nigeria Begins Collection of Charges On Helicopters Landing On Oil Platforms
"Our mandate is to collect helicopter landing charges for IOCs and LOCs on all the platforms, oil rigs, airstrips, aerodromes, helipads, among others." Read more »
Nigeria: Orji Kalu Criticises 2023 Budget, Says 'Nigeria Is At War'
"We are not doing anything. We are just a consuming nation." Read more »
October 13, 2022
Nigeria: Nigeria's Eurobonds Retreat After Govt's Plan to Restructure Debts
Investors respond with concerns about Nigeria instruments after the government indicated it might be struggling to meet its repayment obligations. Read more »
October 09, 2022
Nigeria: Developmental Spending Falls As Nigeria's Budget Hits Record U.S.$47.3 Billion
The government proposes less budget for developmental projects in 2023 as this year, while other subheads get big increases. Read more »
October 12, 2022
Nigeria: Teachers in Ebonyi LGA Yet to Receive August Salary
"We are doing everything possible to ensure that whatever might have led to such a delay in payment is addressed." Read more »
Nigeria: How We Acquired Obajana Cement Factory - Dangote Group
The group insists it owns the cement plant 100 per cent, and denies claims by the Kogi State government. Read more »
Nigeria: Senate Queries FCT Authorities for Late Submission of 2022 Budget
The Senate also ordered the FCT to present its 2023 budget proposal by next week or risk zero allocation for the fiscal year. Read more »
Nigeria: Motorists Groan As Fuel Scarcity Bites Harder in Katsina
Many motorists in Katsina spent several hours at filling stations trying to get petrol for their vehicles. Read more »
October 11, 2022
Nigeria: Lagos Gets Govt's Approval to Construct Lekki Airport
The Airport is to be constructed around the Lekki Free Zone Read more »
Nigeria: IMF Predicts Slower Growth for Nigerian Economy
The Fund also projected the global economy's growth to slow from 6.0 per cent in 2021 to 3.2 per cent in 2022 and 2.7 percent in 2023. Read more »
Nigeria: Nigerian Startup Stears Raises $3.3 Million From Serena Williams' Firm, Others
The round was led by MaC Venture Capital with the participation of Melo 7 Tech Partners, Omidyar Group's Luminate Fund, Cascador, and Hoaq Club. Read more »
Nigeria: Geregu Power Sees 46 Percent Jump in Annual Profit As Turnover Nears N71 Billion
Geregu Power, controlled by the business tycoon Femi Otedola, had assets totalling N114.8 billion in value as of the end of the review period. Read more »
October 10, 2022
Nigeria: How We Discovered Over 58 Illegal Oil Points in Bayelsa, Delta - Tompolo
Oil theft, illegal refineries in the region, and its negative impact on the country's economy have been a source of concern to the Nigerian government. Read more »
Nigeria: N41.6 Trillion Debt - Kebbi Governor Defends Nigerian Govt's Borrowing
Governor Bagudu said the level of Nigeria's indebtedness should not be a reason for people to be hopeless about the country. Read more »
October 09, 2022
Nigeria: Nigeria to Complete Digitisation of Passport Processing By December - Official
The Minister of Interior, Rauf Aregbesola, has said that the full digitisation of Nigerian passport processes would be completed by December. Read more »
October 08, 2022
Nigeria: ASUU Strike - Nigerian Govt Directs Labour Offials in States to Ensure Compliance With Court Ruling
The Minister of Labour and Employment, Chris Ngige, says labour controllers across the states of the federation are monitoring schools to ensure compliance with the ruling of the… Read more »
October 07, 2022
Nigeria: Naira See Another Big Fall Against Dollar
Naira fell to an all-time low against the U.S. dollar on Friday, depreciating 0.58 per cent at the official market. The currency had a Read more »
Nigeria: Dangote Cement Says 'Several Staff Harmed' During Kogi Factory Invasion
The Kogi government sealed the plant, formerly owned by the state government, on the allegation that it was improperly acquired by Dangote Industries Limited two decades ago. Read more »