Nigeria Misses Revenue Target On Low Oil Prices And Output
Nigeria could only collect about half of its budgeted revenues in the first five months of this year as low…
Category: Local
Naira weakens, Oil slips, Stocks flat
As the coronavirus menace dug its vicious talons deeper into Africa’s largest economy, the Central Bank of Nigeria wasted no…
Fed Govt Approves Fourth Evacuation Flight for Stranded Nigerians In US
The federal government has approved a fourth evacuation flight for stranded Nigerians in the United States. A statement issued Friday…
Nigeria’s Confusing Currency and IMF Loan
Humbled by crashing oil prices and the coronavirus pandemic, Nigeria appears to be heeding the International Monetary Fund’s advice by…
Nigeria Suspends Anti-Graft Chief -Attorney General’s Office
Nigeria has suspended its anti-corruption chief pending the conclusion of investigations, the attorney general’s office said on Friday, without elaborating.…
UK Visa Application Centre In Nigeria To Reopen Soon
The British high commission in Nigeria says work is ongoing to reopen visa application for intending travellers to the United…
NSC Targets Full Digitalisation Of Nigerian Ports By 2021
The Nigerian Shippers’ Council (NSC) has announced that it is perfecting plans to ensure that cargo clearing processes and all…
Manufacturers Association Of Nigeria Commends CBN’s Forex Unification, Seeks Protection
The Manufacturers Association of Nigeria (MAN) has expressed its support for the recent move by the Central Bank of Nigeria…
Nigerian National Petroleum Commision Increases Gas Supply As Pipeline Vandalism Rises
The Nigerian National Petroleum Corporation on Thursday announced an increase of 19.14 per cent in the average daily natural gas…
Nigeria: New Dawn At NPA
Eromosele Abiodun writes on the significance of appointing Akin Ricketts into the board of the Nigerian Ports Authority Stakeholders in the…
No Going Back On Petrol Subsidy Removal – Federal Government Of Nigeria
The Minister of State for Petroleum Resources, Timipre Sylva, said on Thursday that the Federal Government had reached a conclusion…
Nigeria: ‘Many Factories May Shutdown Over Outstanding Forex Obligations’
With the Central Bank of Nigeria (CBN) adjusting the foreign exchange rates in a move to have a uniform rate…
Nigeria’s Excess Crude Account Held $72.41 Million As Of July 7 – Finance Minister
Nigeria’s excess crude account held $72.41 million as of July 7, the country’s finance minister said on Thursday. Zainab Ahmed…
Place Visitors From Lagos, Abuja On 14-Day Isolation, Wike Tells Rivers Residents
Governor Nyesom Wike of Rivers State has advised residents to be wary of persons coming from states with high coronavirus…
Mixed Reactions As CBN Moves To Unify Exchange Rate
Lagos — With moves by the monetary authorities to unify the Naira foreign exchange (forex) rates gaining traction, economic analysts…
Nigeria’s Confirmed Coronavirus Cases Pass 30,000 -NCDC
Nigeria’s confirmed coronavirus cases passed 30,000 on Wednesday, the country’s disease control centre said, as the virus spreads in Africa’s…
Nigeria: Aviation Authority Suspends Skypower Express, 14 Aircraft For Violations
Ahead of the resumption of commercial domestic flights on Wednesday (today), operators in the aviation sector have introduced various mechanisms…
Nigeria: NCAA Denies Aero, Azman Air Approval
Aero Contractors, Azman Air and Max Air Limited have failed to meet the Nigeria Civil Aviation Authority’s approval to resume…
Nigeria Restarts Domestic Flights Amid Easing Coronavirus Restrictions
Nigeria resumed domestic flights on Wednesday after a hiatus of around three months as Africa’s most populous country relaxes restrictions…
Latest Nigerian Currency Devaluation Sows Confusion With Traders
Naira devalued by 5.5% against dollar, according to FMDQ data. Nigeria is seeking to unify its multiple exchange rates
Ghana Reopens Over 600 Nigerian Shops
The President of National Association of Nigerian Traders (NANTS), Dr. Ken Ukaoha, has said that over 600 shops belonging to…
Nigeria: Third Mainland Bridge: Fed, Lagos Govts Release 6 Months Traffic Plan
The Federal and Lagos State Governments, yesterday, rolled out traffic management plans for seamless execution during the partial closure of…
Nigeria’s Naira Eases Sharply On Official Market After Pressure To Unify FX Rate
Nigeria’s naira eased 5.5% on the official market on Tuesday, after the central bank sold dollars to lenders at a…
Nigeria: Speculators Remain In State Of Flux
The naira depreciated against the dollar at the Investors and Exporters (I&E) window on Monday, closing at N386.50 to a…
Vetiva Predicts Stability For Nigeria’s Naira In Near Term
Analysts at Vetiva Research have predicted that despite the downside risks affecting the exchange rate, various policy measures introduced by…
Nigeria: Meals Will No Longer Be Served On Local Flights
The Minister of Aviation, Hadi Sirika, has said that food will no longer be served on domestic flights when operations…
Nigeria: CBN Bows To Pressure, Devalues Naira Again
• ‘Timing coincidental, nothing to do with IMF, World Bank’ • Economists advocate currency, lifestyle audit • Moghalu, Sanusi, others…
Nigeria: Buhari Bars VIPs’ Aides From Airport Terminals
The President, Major General Muhammadu Buhari (retd.), has given an approval to the Federal Ministry of Aviation to stop all…
We May Propose Fresh Lockdown After Two Weeks, Says Task Force
The Presidential Task Force on COVID-19 on Monday lamented the increasing rate of COVID-19 cases among people in government, saying…
Nigeria: FG Constitutes COVID-19 Protocols Enforcement Team
The Federal Government on Monday said it had positioned enforcement teams within and outside airport terminals to enforce all safety…