Lagos Airport has outlived its usefulness, to be reconstructed with N14bn - FG

Nigeria’s air passenger traffic up by 2% in Q1 2019, as Lagos tops

A total of 3.5 million passengers passed through Nigerian airports in the first quarter of 2018 according to the Federal Airport Authority of Nigeria (FAAN).
Babatunde Fashola, Bayo Ojular, NERC, Shell Nigeria Exploration and Production Company

SNEPCo boss, Bayo Ojulari counters Fashola’s claim on power supply in Nigeria

Though @FMPWHng minister, @tundefashola said Nigerians are enjoying 24hrs power supply, #snepco boss Bayo Ojulari proves otherwise.
Energy Crisis, OPEC, Organisation of the Petroleum Exporting Countries, OPEC Members, Nigerian National Petroleum Corporation, Crude oil production, OPEC alliance under coordinated attack and Nigeria must brace up for it

OPEC moves to avoid energy crisis as some members countries face sanctions

@OPECSecretariat says it plans to prevent an energy crisis as a result of conflicts in some member states.
NNPC DSDP, Maikanti Baru, 132 companies jostle for NNPC’s Direct Sale and Purchase Term Contract

132 companies jostle for NNPC’s Direct Sale and Purchase Term Contract

@NNPCgroup has officially opened bids for 2019 DSDP to its local and International business partners.

Gombe and Kebbi Airports close for business over N732m debts

@FAAN_Official has reportedly shut down Gombe and Kebbi States Airports over gross indebtedness.
Canadian permanent residency

Applications for Canadian Permanent Residency hit 31,250, as minimum score drops again

The latest draw of Express Entry candidates who applied for the Canadian Permanent Residency, has taken the number of Invitations to Apply (ITAs) issued so far in 2019 to 31,250.
Tinubu and Fashola owe $1.43bn foreign debt not me - Governor Ambode

States’ IGR hits N1.16trn in 2018, as Lagos maintains first spot

The total Internally Generated Revenue (IGR) by all states in Nigeria hits N1.16tn in 2018. This is revealed is the full year IGR report released by NBS.
UN back AfDB's $10 billion desert to power initiative, African Development Bank, United Nations, António Guterres and Akinwumi Adesina

UN supports AfDB’s $10bn ‘Desert to Power’ initiative for Africa

The initiative by the African Development Bank (@AfDB_Group) to power millions of households in Africa has been backed by the United Nations (@UN). This is in a bid to ensure the success of the electricity project.
Computer Village

Tinubu’s daughter reacts to the protest in computer village

Mrs Folashade Tinubu-Ojo has urged the traders at Computer Village to cease all protests against the installation of traditional market leaders in the hub.
Nigeria, others raise over $17bn from bonds, says World Bank

Over $17bn raised from bonds by Nigeria and other African countries – World bank

The World Bank has reported that Nigeria, Kenya, Côte d’Ivoire, and other sub-Saharan African countries raised over $17 billion from bond issuances in 2018.
Mary Uduk

SEC raises concern over unclaimed dividends in Nigeria’s capital market

To checkmate the increasing unclaimed dividends in Nigeria's capital market, SEC has enjoined beneficiaries of deceased investors to claim their dividends.
CBN’s clean note policy, ABCON support CBN’s clean note policy, CBN takes proactive step by introducing Clean Notes Policy

ABCON backs CBN’s clean note policy, as CBN and banks trade blames

The plan by the Central Bank of Nigeria (@cenbank) to put an end to the circulation of dirty, mutilated and unfit naira notes have been supported by the Association of Bureaux De Change Operators of Nigeria (ABCON).
Chinese taking over Seafarers job in Nigeria, Dangote Refinery Lekki, Aliko Dangote

Chinese are taking over, as 300 Nigerians get sacked by Dangote Refinery

The Nigerian Merchant Navy Officers and Water Transport Senior Staff Association (NMNOWTSSA) and the Maritime Workers’ Union of Nigeria (MWUN) have disclosed that 300 Nigerians working on the Dangote Refinery have been sacked.
IMF advises Nigeria to keep inflation down, International Monetary Fund, Godwin Emefiele, Nigeria's External Reserves and Sovereign Wealth Fund: Why IMF can't be ignored

Nigeria must keep inflation down to maximise full potential – IMF

The Federal Government (@AsoRock) has been urged by the International Monetary Fund (@IMFNews) to keep inflation down.
Central Bank of Nigeria

CBN dismisses recession claims, declares $109.1bn transactions in FX market

The CBN has faulted the claim by Zamfara State Governor, Abdulaziz Yari, that Nigeria is heading for another recession by mid-2020.
Inflation rate

Nigeria’s inflation expected to maintain double digit in the next one year

Nigeria's inflation rate which has dropped for three consecutive months in 2019 is expected to moderate around the double-digit for the next one year.
House of Reps member canvasses for fuel subsidy removal

House of Reps member canvasses for fuel subsidy removal

Weeks after the International Monetary Fund (@IMFNews) advised the Nigerian Government to remove the subsidy on Premium Motor Spirit, the Chairman, House of Representatives Committee on Petroleum (Downstream), Joseph Akinlaja has thrown his weight behind the decision.
2019 Appropriation Bill

UPDATE: Senate passes 2019 budget, raises budget bill

The National Assembly (@NGRSenate) has passed the 2019 Appropriation Bill. The N8.9 trillion budget was passed some minutes ago during its plenary session headed by Senate President, Bukola Saraki.
Force Majeure

Nigeria’s crude oil export suffers due to force majeure declared by Shell, others

Nigerian Crude oil exports is suffering an interruption as a result of the force majeure declared on the Bonny Light and Amenam by Shell and Total.
Minimum capital for microfinance banks

Update: CBN approves private sector participation as cash transit firms

Central Bank of Nigeria (CBN) has approved the revised guidelines for private sector participation as Cash In Transit firm or as Cash Processing firm.
Nigeria-China loan deal

Rotimi Amaechi accuses Chinese firm of breaching railway contract

The Minister of Transportation (@MinTransportNG), Rotimi Amaechi (@ChibuikeAmaechi), has accused the China Civil Engineering Construction Corporation of breaching a railway contract after the delivery date passed without delivery of the ordered coaches.
Nigeria's total Population now 201m amidst high unemployment rate

Nigeria’s Population now 201 million amidst high unemployment

Nigeria's population has risen to 201 million in 2019. This was revealed in the latest State of World Population Report released by the United Nations Population Fund (UNFPA).

What can be done to overcome the unemployment crises in Nigeria?

National  Bureau of Statistics (NBS) has revealed that Nigeria’s official unemployment rate remain unchanged at 23.1% as at Q3 2018 from initial figures communicated in December 2018.
Minimum wage implementation: NLC and State governors set for another struggle

Minimum wage implementation: NLC and State Governors set for another struggle

It has almost been two weeks since the Nigeria Labour Congress (NLC) won its struggle for the upward review of minimum wage from N18,000 to N30,000.
Loom Money Nigeria

SEC reveals plan to deploy 10-year Capital Market Master Plan

The Securities and Exchange Commission (SEC) is planning to align its 10-year Capital Market Master Plan with current economic realities. See how it intends to do that.

NNPC will export natural gas to Europe, as European refinery closures favour Nigeria

The GMD of Nigerian National Petroleum Corporation (@NNPCgroup), @DrMKBaru, has revealed that the NNPC intends to export natural gas to European countries through the proposed Nigeria-Morocco gas pipeline.

NIPOST now set to deliver 2000 outlets for proposed NIRSAL MFB

In a bid to deepen financial inclusion in Nigeria, NIPOST is set to deliver over 2000 outlets for the proposed NIRSAL Microfinance Bank (NMFB).
States' Unemployment Data

South-South states record worst unemployment rate in Nigeria

The National Bureau of Statistics (NBS), on Friday, released the much-anticipated unemployment figures for states in Nigeria. 
Latest PMI shows Nigeria's manufaturing sector expands yet again

Latest PMI shows Nigeria’s manufaturing sector expands yet again in April

The latest manufacturing Purchasing Managers’ Index (PMI) shows that Nigeria’s manufacturing sector expanded for the 25th consecutive months. This is revealed in the PMI Survey...
Nigerian National Petroleum Commission, Liquefied Petroleum Gas

Edo State to house Nigeria’s largest cooking gas storage

Edo State (@EdoStateGovt) is set to house the largest Liquefied Petroleum Gas and Propane storage/dispensing facility in Nigeria, courtesy of @NNPCgroup


Billionaires club: The current owners of MTN who need to sell for you to...

If you are one of those very active social media enthusiasts on WhatsApp, Twitter or Facebook, then you must have come across the image...

MTN Nigeria has signed a N200 billion loan deal that effectively shuts out any...

MTN Nigeria's debuted on the Nigerian Stock Exchange by listing over 20 billion shares at N90 per share. Since then the stock has gained 20%, increasing its market cap by over N360 billion to N2.2 trillion.
CBN begins process for proposed Payments System Vision 2030

CBN begins process for the proposed Payments System Vision 2030

The Central Bank of Nigeria (CBN) has begun the process of developing the Payment System Vision 2030 strategy, which will define the strategic agenda for the Nigerian Payments System for the next ten years.