At least 113 killed in attacks in central Nigeria -local official
LAGOS (Reuters) – The death toll in weekend attacks in the central Nigerian state of Plateau has risen to 113, a local official said on Monday, in a region where clashes between…
US Treasury’s Adeyemo urges Nigeria to work on stable currency, fight corruption
WASHINGTON (Reuters) – U.S. Deputy Treasury Secretary Wally Adeyemo on Monday urged Nigeria to work to stabilize its currency and fight corruption to unlock what he called the “unrealized opportunity” of Africa’s…
World Bank to help fund 1,000 mini solar power grids in Nigeria
ABUJA (Reuters) – The World Bank is aiming to help fund construction of 1,000 mini solar power grids in Africa’s biggest economy Nigeria in partnership with the government and private sector, the…
Nigeria turns to natural gas for fuel as petrol prices rise after subsidy removal
By MacDonald Dzirutwe LAGOS (Reuters) – Nigeria is turning to gas as an alternative fuel after it scrapped a popular but costly subsidy on petrol that has seen pump prices rise sharply,…
Nigeria opts for small rate hike at first meeting after Emefiele’s suspension
By Chijioke Ohuocha ABUJA (Reuters) -Nigeria’s central bank raised its main lending rate by a smaller-than-expected 25 basis points on Tuesday, saying it preferred a moderate increase to anchor inflation expectations while…
MSCI keeps eye on Nigeria market classification after recent FX changes
NEW YORK (Reuters) – MSCI will continue to consult with financial market participants on a potential reclassification of Nigeria to standalone market from frontier market after recent changes to foreign exchange trading,…
Binance issues cease and desist notice to “Binance Nigeria Limited”
(Reuters) – Binance has issued a cease and desist order to “Binance Nigeria Limited”, Binance CEO Changpeng Zhao said in a tweet on Sunday, calling the Nigerian company a “scammer entity”. Earlier…
Nigeria boat capsize death toll rises to more than 100
By Ahmed Kingimi MAIDUGURI, Nigeria (Reuters) – The death toll from an overloaded boat that capsized in a remote part of Nigeria’s north central region has risen to more than 100, police…
Nigeria GDP growth slows ahead of interest rate announcement
By Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s annual economic growth rate slowed to 2.3% in the first quarter, data showed on Wednesday, hurt by a government plan to swap old banknotes for…
Nigeria inflation quickens in April as food prices surge
By Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s annual inflation rose to 22.22% in April from 22.04% the previous month, as the price of food continued to rise, the National Bureau of Statistics…
Tight security as Nigeria presidential election result challenged
By Camillus Eboh ABUJA (Reuters) – Police blocked roads in the centre of Nigeria’s capital on Monday as judges started hearing opposition petitions disputing president-elect Bola Tinubu’s victory in February’s presidential election.…
Nigeria begins hearing presidential election challenge next week
ABUJA (Reuters) – Nigeria’s election tribunal will on Monday start hearing opposition petitions challenging president-elect Bola Tinubu’s victory in the disputed February presidential vote, court records showed on Friday. Tinubu, from the…
Nigeria tops list of countries withholding airline funds, IATA says
LAGOS (Reuters) – Nigeria is withholding $743 million in revenue earned by international carriers operating in the country, the highest amount owed by any nation, a spokesperson for the global airlines industry…
Dulles CBP Intercepts Another Marijuana Load Bound for Nigeria
STERLING, Va. – Three months after U.S. Customs and Border Protection officers seized more than 10 pounds of marijuana in a Nigeria-bound passenger’s baggage, officers at Washington Dulles International Airport intercepted another…
Blast kills at least 50 in north central Nigeria -officials
By Ardo Hazzad BAUCHI, Nigeria (Reuters) – Dozens of cattle herders and bystanders were killed and several injured by a suspected bomb blast in Nigeria’s north central region, a state government official…
Exclusive-Equinor joins Western oil firms’ retreat from Nigeria -sources
By Ron Bousso LONDON (Reuters) – Norway’s Equinor has launched the sale of its stake in an offshore Nigerian oilfield, joining a retreat by Western energy firms from the West African country…
Nigeria tax receipts rise 56% in 2022 – revenue service
ABUJA (Reuters) – Nigeria’s tax receipts rose 56% in 2022 to 10 trillion naira ($22 billion), its highest collection on record, the head of the country’s revenue service said on Monday. Africa’s…
Meta’s Oversight Board restores Nigeria church attack video on Instagram
By MacDonald Dzirutwe ABUJA (Reuters) – Meta’s Oversight Board on Wednesday overturned a decision to remove a video that was shared on Instagram showing the gruesome aftermath of an attack on a…
Pentagon calls for investigation into Reuters report of Nigeria child killings
WASHINGTON (Reuters) – The U.S. military on Tuesday called on Nigeria to conduct an independent investigation of allegations in a Reuters report that the Nigerian army killed children in its fight against…
IMF cuts Nigeria 2022 growth forecast to 3%
By Anait Miridzhanian ABUJA (Reuters) -The International Monetary Fund has revised Nigeria’s 2022 real GDP growth forecast down to 3% from 3.4% earlier, citing weak oil production and the adverse effects of…
Canada, Nigeria target oil and gas methane emissions with new laws
By Kate Abnett and Valerie Volcovici SHARM EL SHEIKH (Reuters) – Oil and gas producers Canada and Nigeria have become the latest countries to tackle the potent greenhouse gas methane with laws…
U.S. orders non-emergency government employees to depart Abuja, Nigeria
(Reuters) -The United States on Thursday ordered non-emergency U.S. government employees and family members of government employees to depart Abuja, Nigeria, citing a heightened risk of terrorist attacks. The order was announced…
U.S. authorises departure of non-emergency staff from Nigeria
LAGOS (Reuters) – The U.S. State Department on Tuesday authorised the departure of non-emergency U.S. government employees and their families from Nigeria due to a heightened risk of terrorist attacks in the…
Nigeria would consider China’s C919 plane for new airline
MONTREAL (Reuters) – Nigeria would consider buying China’s newly-certified C919 passenger jet as it grows the country’s fledgling carrier Nigeria Air to 30 planes by around 2025, Aviation Minister Hadi Sirika said…
Japan’s Daikin to build air conditioners in Nigeria in renewed push
TOKYO (Reuters) -Japan’s Daikin Industries Ltd will begin assembling air conditioners in Nigeria as it renews a push into Africa that had been delayed by the COVID-19 pandemic, a regional head said…
Nigeria hikes rate to highest level to head off inflation
By MacDonald Dzirutwe LAGOS (Reuters) – Nigeria’s central bank on Tuesday hiked its main lending rate by 150 basis points to 15.50%, its highest level yet and more than forecast, forging ahead…
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