September 06, 2022
Nigeria: Banks' Total Asset Grew By 22.07 Percent to N65trn in June - CBN
The Deputy Governor, Financial System Stability Directorate of the Central Bank of Nigeria (CBN), Mrs. Aisha Ahmad and the Deputy Governor, Economic Policy Directorate, CBN, Dr.… Read more »
Nigeria: Nigeria, Ghana, Others Fintech Sales to Surge to $30.3bn By 2025 - Mckinsey
Africa's financial-technology company revenue may soar to $30.3 billion by 2025, eight times higher than in 2020, as a growing, young and under-banked population gets more access… Read more »
Nigeria: Govt Ties Nigeria's Developmental Challenges to Weak Public Service
The federal government said yesterday that many of Nigeria's developmental challenges could be traced to suboptimal performance by the country's public service. Read more »
Nigeria: Jonathan Congratulates Ruto As Supreme Court Confirms Him Kenya's President-Elect
Former President Dr. Goodluck Ebele Jonathan yesterday congratulated Kenya's president-elect, Mr. William Ruto on his emergence as the winner of Kenya's August 9, 2022,… Read more »
Nigeria: Manufacturing Declines As Economy Witnessed Highest Inflationary Pressure in August - Report
Economic activities in the manufacturing sector of the Nigerian economy experienced a fall in output levels in August as the productivity of the Nigerian private sector reduced… Read more »
Nigeria: Again, Nigeria Loses 7.56m Barrels of Crude Oil to Shut-Ins, Facilities' Failures, Others
The Nigerian economy continued to bleed from shut-in of crude oil production as a result of vandalism, workers' strikes, depreciating upstream infrastructure as well as force… Read more »
September 05, 2022
Nigeria: 14 Years Old Ajaokuta Steel Dispute Finally Resolved - Govt
The Attorney General of the Federation (AGF) and Minister of Justice, Mr Abubakar Malami, yesterday disclosed that the federal government has finally resolved the long-standing… Read more »
Nigeria: September Heralds Dawn of Nigeria's Freedom From APC Stranglehold - Atiku
Ahead of the official commencement of the 2023 general election campaign by political parties this month, the presidential candidate of Peoples Democratic Party (PDP), Atiku… Read more »
Nigeria: Nigeria's Average Daily Petrol Supply Is 68 Million Litres, NNPC Clarifies
In response to the alleged inflation of petrol imports and consumption in Nigeria, the Nigerian National Petroleum Company (NNPC) Limited has insisted that average petrol supply in… Read more »
Nigeria: Why PIA Implementation Will Reduce Revenues to States, Local Govts By 15% - Kachikwu
A former Minister of State, Petroleum Resources, Dr. Ibe Kachikwu, has urged Nigerians to prepare for the immediate impact of the implementation of the Petroleum Industry Act… Read more »
Nigeria: Again, Falana Faults Lagos Parking Fee, Insists Agency Lacks Legal Power to Collect Levy
Human rights lawyer, Mr. Femi Falana has cautioned the Lagos State government not to usurp the powers conferred on local governments to fix and collect parking fees in the state,… Read more »
Nigeria: Obi Will Remove Nigeria's 'Stone of Corruption' Off Our Necks, Says Okonkwo
Nigeria's evil barriers to her development, corruption and woeful leadership would cease to torment her citizens if Peter Obi emerges as the President of the country next year. Read more »
Nigeria: Nigeria to Reap Billions of Dollars From Creditors in Debt-for-Climate Swap Proposal - Osinbajo
The Vice President, Prof. Yemi Osinbajo has disclosed that Nigeria would reap a huge debt relief from some creditors running into billions of United States dollars when the… Read more »
Nigeria: As Nigeria's Economic Woes Persist, Stock Market Depreciates By N1.69trn in 3 Months
As Nigeria continue to grapple with economic challenges, the equities market has maintained a downward slide with investors' wealth dwinddling by a whopping N1.69 trillion in just… Read more »
September 04, 2022
Nigeria: Nigeria to Reap Billions of Dollars From Creditors in Debt-for-Climate Swap Offer - Osinbajo
Vice President Yemi Osinbajo has disclosed that Nigeria will reap a huge debt relief from some creditors running into billions of US dollars when the nation's idea for a… Read more »
Nigeria: Technology Key to Curbing Corruption, Illicit Financial Flows - ICPC
The Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanoye, (SAN), has identified the deployment of technology as… Read more »
September 02, 2022
Nigeria: Nigeria's Total Debt Profile Now N41.60trn, Says DMO
The Director-General of the Debt Management Office (DMO), Mrs. Patience Oniha yesterday confirmed that Nigeria's total debt profile as at March, 2022 stood at N41.60 trillion. Read more »
Nigeria: U.S. Launches $48.8m Investment in Education
United States has launched a $48.8 million investment in Nigeria's education. Read more »
Nigeria: World Bank, Katsina to Construct 800kms of Rural Roads
The Katsina State Government in collaboration with the World Bank has announced plan to construct and upgrade 800 kilometers of rural roads under the state's Rural Access and… Read more »
Nigeria: Osinbajo Meets World Bank President in Washington, Seeks Support to End Petrol Subsidy, Others
The World Bank Group President, David Malpass yesterday met with Vice President, Prof.Yemi Osinbajo as part of efforts to seek the multilateral institution's support to end petrol… Read more »
Nigeria: Estimated Number of Out-of-School Children in Nigeria Now 20m - UNESCO
As the new academic year commences soon, the United Nations Educational, Scientific and Cultural Organisation (UNESCO) has put the number of out-of-school children in Nigeria at 20… Read more »
Nigeria: 2023 - Declare Your Assets, CSOs Tell Tinubu, Atiku, Obi, Kwankwaso, Others
Ahead of the 2023 general election, a coalition of civil society organisations (CSOs) has called on the various presidential candidates, including Mr. Bola Tinubu of the All… Read more »
Nigeria: NNPCL's Total Outstanding Petrol Subsidy Debt Hits N1.04trn, N448.7bn Deducted in July
With total spending on the controversial petrol subsidy now exceeding oil revenue, the Nigerian National Petroleum Company (NNPCL) outstanding debt on what it terms under-recovery… Read more »
Nigeria: NCAA Insists On Safety, Moves to Stabilise Airline Operations Amid Mounting Challenges
As Nigerian airlines continue to suffer economic decline, as a result of growing challenges emanating from high price of aviation fuel, naira depreciation, high cost of maintenance… Read more »
Nigeria: N11.9bn Stolen From Kwara Between 2011 and 2019, Forensic Audit Reveals
A forensic audit company hired by the Kwara State Government yesterday disclosed that about N11.9 billion of public funds were allegedly carted away from the treasury of the state… Read more »