September 06, 2022
Nigeria: MTN Nigeria Looks to Raise N23 Billion Through Commercial Paper
The transaction completes a broader debt-raising programme in which N150 billion will be sourced in all. Read more »
Nigeria: MTEF - Reps Panel Directs Minister to Sack FCCPC Director Over N5 Billion Extra-Budgetary Spending
FCCPC generated N4.021 billion in 2021 but remitted N1.3 billion to the Consolidated Revenue Fund while in the current fiscal cycle, it generated N3.661 billion but remitted N1.2… Read more »
Nigeria: Central Bank MPC Members Express Concern Over Nigeria's Rising Inflation Rate
Last month, the CBN monetary policy committee unanimously voted to increase the benchmark interest rate from 13 percent to 14 percent, to address the nation's rising inflation. Read more »
September 05, 2022
Nigeria: Naira Falls to Eight-Month Low As Dollar Rises
Naira closed at N434.75 per $1 on Monday, the weakest rate it has exchanged this year so far. Read more »
Nigeria: NMDPRA Contradicts NNPCL, Minister On Daily Petrol Consumption, Subsidy
NMDPRA also differs from finance minister on subsidy. Read more »
Nigeria: OPEC Agrees On Oil Production Cut
OPEC had last month agreed to raise oil output by 100,000 barrels per day. Read more »
Nigeria: Shell Investigating Oil Spill in Bayelsa - Official
"We are working with regulators and local community to investigate the reported incident." Read more »
Nigeria: Borno Fuel Marketers Begin Warning Strike
"We members of IPMAN have decided to embark on a three-day withdrawal of services at depots as warning action," an official says. Read more »
Nigeria: Death Toll Rises in Lagos Seven-Storey Building Collapse
A total of six bodies have been recovered from the building collapse in Lagos. Read more »
Chad: How Nigeria, Others Can Attract Industries to Troubled Lake Chad Basin
Job creation is vital to countering Boko Haram, and successful business practices in the region point the way. Read more »
Nigeria: Lagos Urban Development Commissioner Resigns a Day After Deadly Collapse
It is unclear if his resignation had anything to do with the seven-storey building which collapsed in the state on Sunday. Read more »
Nigeria: Gridlock - LASTMA Impounds 19 Vehicles for Illegal Parking
The agency says it had earlier impounded 20 vehicles for illegal parking. Read more »
Nigeria: Nigeria's Massive Oil Theft Scandal and Lack of Enlightened Self-Interest
We call on the Buhari administration to create as much of a legacy as is still possible, in the next couple of decisive months in which it remains in office, by taking a firmer… Read more »
September 04, 2022
Nigeria: Collapsed Building - Lagos Govt Orders Arrest of Developer, Construction Experts
The commissioner expressed worry over the increasing disregard for law and order by builders Read more »
Nigeria: Stowaway Discovered in Parked Nigerian Aircraft - Official
"During preflight inspection this morning, a stowaway was found in one of our aircraft parked at MMA2 Ikeja." Read more »
Nigeria: Many Trapped As Seven-Storey Building Collapses in Lagos
Six persons were trapped under the rubble of the collapsed building, an official said. Read more »
Nigeria: NNPC Insists 68 Million Litres of Petrol Supplied Across Nigeria Daily
The company says it imported 16.46 billion litres of petroleum between January and August 2022, translating to an average of 68 million litres per day. Read more »
September 02, 2022
Nigeria: Customs Generates N1.167trn in Seven Months - CG
The CG said the NCS is on course to meet the N2.267 trillion target at the end of the fiscal year. Read more »
September 01, 2022
Nigeria: Nigerian B2B Payment Startup, Duplo, Raises $4.3 Million in Seed Round
The startup said it raised a $1.3 million pre-seed investment in February, bringing the total funds raised to $5.6 million. Read more »
Nigeria: Okada Ban - Lagos Govt Say Defaulters Risk Three Years Imprisonment
An official said the riders could approach the government as a cooperative to get the approved buses. Read more »
Nigeria: Nigerian Workers Seek Review of National Housing Fund
"At my place of work, we heard some have benefited, but it seems they are those at the top of their career." Read more »
August 31, 2022
Nigeria: Lagos Govt Announces Traffic Diversion At Alakija - Ijora Causeway
The commissioner explained that alternative routes had been mapped out and would be repaired to enable seamless vehicular movement. Read more »
Nigeria: Nigeria's Energy Transition Plan - Osinbajo Departs for U.S.
Nigeria needs 410 billion dollars to deliver the Transition Plan by 2060. Read more »
Nigeria: #Under30EntrepreneursInNigeria - How Stitcher House of Fashion Came to Be - Jennifer
"A key factor to hold on to in business is consistency - regardless of the big-sale days, big wins, small-sale days, small wins and no-sale days, you have to deliver and not give… Read more »
Nigeria: Labour Party Unveils Rhodes-Vivour As Lagos Guber Candidate Presents Certificate of Return
The party warned Mr Awamaridi to stop parading himself as their governorship candidate Read more »