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Nigeria

Binance executives remain in detention after Nigeria court appearance, families say

March 20, 2024
Binance executives remain in detention after nigeria court appearance, families say - photo licensed by shore news network.

LAGOS (Reuters) – Two executives from Binance, the world’s largest cryptocurrency exchange, will remain in detention for at least two more weeks in Nigeria after …

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At least 113 killed in attacks in central Nigeria -local official

December 25, 2023

LAGOS (Reuters) – The death toll in weekend attacks in the central Nigerian state of Plateau has risen to 113, a local official said on …

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Nigeria Q3 growth steady at about 2.5% as oil sector contraction slows

November 24, 2023November 24, 2023
Nigeria q3 growth steady at about 2. 5% as oil sector contraction slows - photo licensed by shore news network.

By Chijioke Ohuocha ABUJA (Reuters) -Nigeria’s economy grew by 2.54% in the third quarter, largely steady from the 2.51% in the second quarter, data showed …

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Nigeria central bank postpones next week’s policy meeting

September 21, 2023
Nigeria central bank postpones next week's policy meeting - photo licensed by shore news network.

ABUJA (Reuters) – Nigeria’s central bank said on Thursday that it had delayed an interest rate meeting that had been planned for next week and …

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US Treasury’s Adeyemo urges Nigeria to work on stable currency, fight corruption

September 18, 2023September 18, 2023
Us treasury's adeyemo urges nigeria to work on stable currency, fight corruption - photo licensed by shore news network.

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 …

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World Bank to help fund 1,000 mini solar power grids in Nigeria

August 5, 2023
World bank to help fund 1,000 mini solar power grids in nigeria - photo licensed by shore news network.

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 …

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Nigeria turns to natural gas for fuel as petrol prices rise after subsidy removal

August 3, 2023
Nigeria turns to natural gas for fuel as petrol prices rise after subsidy removal - photo licensed by shore news network.

By MacDonald Dzirutwe LAGOS (Reuters) – Nigeria is turning to gas as an alternative fuel after it scrapped a popular but costly subsidy on petrol …

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Nigeria opts for small rate hike at first meeting after Emefiele’s suspension

July 25, 2023
Nigeria opts for small rate hike at first meeting after emefiele's suspension - photo licensed by shore news network.

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 …

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MSCI keeps eye on Nigeria market classification after recent FX changes

June 22, 2023
Msci keeps eye on nigeria market classification after recent fx changes - photo licensed by shore news network.

NEW YORK (Reuters) – MSCI will continue to consult with financial market participants on a potential reclassification of Nigeria to standalone market from frontier market …

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Binance issues cease and desist notice to “Binance Nigeria Limited”

June 18, 2023
Binance issues cease and desist notice to "binance nigeria limited" - photo licensed by shore news network.

(Reuters) – Binance has issued a cease and desist order to “Binance Nigeria Limited”, Binance CEO Changpeng Zhao said in a tweet on Sunday, calling …

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Nigeria boat capsize death toll rises to more than 100

June 14, 2023

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 …

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Nigeria GDP growth slows ahead of interest rate announcement

May 24, 2023
Nigeria gdp growth slows ahead of interest rate announcement - photo licensed by shore news network.

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 …

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Nigeria inflation quickens in April as food prices surge

May 15, 2023
Nigeria inflation quickens in april as food prices surge - photo licensed by shore news network.

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 …

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Tight security as Nigeria presidential election result challenged

May 8, 2023
Tight security as nigeria presidential election result challenged - photo licensed by shore news network.

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 …

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Nigeria begins hearing presidential election challenge next week

May 5, 2023
Nigeria begins hearing presidential election challenge next week - photo licensed by shore news network.

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 …

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Nigeria tops list of countries withholding airline funds, IATA says

March 16, 2023
Nigeria tops list of countries withholding airline funds, iata says - photo licensed by shore news network.

LAGOS (Reuters) – Nigeria is withholding $743 million in revenue earned by international carriers operating in the country, the highest amount owed by any nation, …

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Dulles CBP Intercepts Another Marijuana Load Bound for Nigeria

January 25, 2023
Dulles cbp intercepts another marijuana load bound for nigeria - photo licensed by shore news network.

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 …

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Blast kills at least 50 in north central Nigeria -officials

January 25, 2023

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 …

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Exclusive-Equinor joins Western oil firms’ retreat from Nigeria -sources

January 25, 2023
Exclusive-equinor joins western oil firms' retreat from nigeria -sources - photo licensed by shore news network.

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 …

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Nigeria tax receipts rise 56% in 2022 – revenue service

January 23, 2023
Nigeria tax receipts rise 56% in 2022 - revenue service - photo licensed by shore news network.

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 …

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Meta’s Oversight Board restores Nigeria church attack video on Instagram

December 14, 2022
Meta's oversight board restores nigeria church attack video on instagram - photo licensed by shore news network.

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 …

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Pentagon calls for investigation into Reuters report of Nigeria child killings

December 13, 2022December 13, 2022
Pentagon calls for investigation into reuters report of nigeria child killings - photo licensed by shore news network.

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 …

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IMF cuts Nigeria 2022 growth forecast to 3%

November 18, 2022
Imf cuts nigeria 2022 growth forecast to 3% - photo licensed by shore news network.

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 …

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Canada, Nigeria target oil and gas methane emissions with new laws

November 11, 2022
Canada, nigeria target oil and gas methane emissions with new laws - photo licensed by shore news network.

By Kate Abnett and Valerie Volcovici SHARM EL SHEIKH (Reuters) – Oil and gas producers Canada and Nigeria have become the latest countries to tackle …

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U.S. orders non-emergency government employees to depart Abuja, Nigeria

October 27, 2022October 27, 2022

(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 …

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U.S. authorises departure of non-emergency staff from Nigeria

October 25, 2022

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 …

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Nigeria would consider China’s C919 plane for new airline

October 1, 2022
Nigeria would consider china's c919 plane for new airline - photo licensed by shore news network.

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 …

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Japan’s Daikin to build air conditioners in Nigeria in renewed push

September 30, 2022
Japan's daikin to build air conditioners in nigeria in renewed push - photo licensed by shore news network.

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 …

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Nigeria hikes rate to highest level to head off inflation

September 27, 2022
Nigeria hikes rate to highest level to head off inflation - photo licensed by shore news network.

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 …

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Nigeria inflation quickens in August ahead of rate decision

September 15, 2022September 15, 2022
Nigeria inflation quickens in august ahead of rate decision - photo licensed by shore news network.

By MacDonald Dzirutwe LAGOS (Reuters) – Inflation in Nigeria rose for a seventh straight month to 20.52% in August, the statistics bureau said on Thursday …

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Hungry and malnourished, northeast Nigeria endures humanitarian crisis

August 26, 2022
Hungry and malnourished, northeast nigeria endures humanitarian crisis - photo licensed by shore news network.

By MacDonald Dzirutwe DAMATURU, Nigeria (Reuters) – Lying on a small bed next to her mother, 14-month-old Aisha Usman stares blankly, her eyes sunk in …

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Exxon Mobil’s Nigeria asset sale hits regulatory hurdle

August 9, 2022
Exxon mobil's nigeria asset sale hits regulatory hurdle - photo licensed by shore news network.

By Camillus Eboh ABUJA – Nigeria’s petroleum regulator said on Tuesday it stood by its refusal to approve Exxon Mobil’s $1.28 billion sale of shares …

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Nigeria’s Buhari grants consent to Seplat’s buy of Exxon Mobil’s Nigeria unit

August 8, 2022
Nigeria's buhari grants consent to seplat's buy of exxon mobil's nigeria unit - photo licensed by shore news network.

ABUJA -Nigerian President Muhammadu Buhari has granted consent to the acquisition of Exxon Mobil’s Nigerian unit by Seplat Energy, in a $1.28 billion deal announced …

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Nigeria asks Google to block banned groups from YouTube

August 4, 2022
Nigeria asks google to block banned groups from youtube - photo licensed by shore news network.

ABUJA – Nigeria asked Google to block the use of YouTube channels and livestreams by banned groups and terrorist organizations in the country, Information Minister …

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Blood on the church walls – gruesome scenes after Nigeria attack

June 6, 2022
Blood on the church walls - gruesome scenes after nigeria attack - photo licensed by shore news network.

By Temilade Adelaja and Seun Sanni OWO, Nigeria – Streaks of blood on the floors and walls, sandals abandoned in a desperate rush to escape, …

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Nigeria finance minister: low oil output barely enough to cover petrol imports

May 26, 2022
Nigeria finance minister: low oil output barely enough to cover petrol imports - photo licensed by shore news network.

By Dan Burns DAVOS, Switzerland – Low crude oil production means Nigeria is barely able to cover the cost of imported petrol from its oil …

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JPMorgan says EM debt at ‘mercy’ of Fed, cuts Nigeria from overweight

May 9, 2022
Jpmorgan says em debt at 'mercy' of fed, cuts nigeria from overweight - photo licensed by shore news network.

By Rachel Savage LONDON – Emerging market sovereign debt is at the “mercy” of the Federal Reserve’s interest rate decisions, JPMorgan analysts said in a …

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Analysis: Nigeria and Angola responsible for almost half of OPEC+ oil supply gap

May 6, 2022
Analysis: nigeria and angola responsible for almost half of opec+ oil supply gap - photo licensed by shore news network.

By Alex Lawler, Julia Payne and Ron Bousso LONDON/LAGOS – Almost half the shortfall in planned oil supply by OPEC and its allies is down …

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Blast in northeastern Nigeria injures 11 people, say police

April 23, 2022April 23, 2022

ABUJA – A blast in the capital of Nigeria’s northeastern Taraba state on Friday evening injured 11 people including children, police said, days after an …

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Dulles CBP Seizes Handgun Unlicensed to Export to Nigeria

April 7, 2022
Dulles cbp seizes handgun unlicensed to export to nigeria - photo licensed by shore news network.

STERLING, Va. – U.S. Customs and Border Protection (CBP) reminds overseas-bound travelers of the importance of complying with federal laws regulating the temporary and permanent …

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Key West Man Sentenced to 180 Months in Federal Prison for Laundering Victim Funds to Nigeria

March 22, 2022
Key west man sentenced to 180 months in federal prison for laundering victim funds to nigeria - photo licensed by shore news network.

Miami, Florida – A Key West man was sentenced yesterday to 180 months’ imprisonment for laundering approximately $1 million of victim funds that were illegally …

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Nigeria to offer naira incentives to exporters to repatriate dollars

February 26, 2022
Nigeria to offer naira incentives to exporters to repatriate dollars - photo licensed by shore news network.

By Chijioke Ohuocha ABUJA – Nigeria will offer a naira incentive to exporters of semi-processed or finished goods made at home in a push to …

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Failed Obama Rail Project Collapses, Nigeria Purchases Unused Trains

January 20, 2022
Failed obama rail project collapses, nigeria purchases unused trains - photo licensed by shore news network.

A Nigerian city purchased two trains intended for a high-speed rail line in Wisconsin more than a decade after the Obama administration doled out $810 …

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AP: Global climate protests ahead of Madrid meeting

November 29, 2019
Ap: global climate protests ahead of madrid meeting

Protesters in cities across the world staged rallies Friday demanding leaders take tougher action against climate change, days before the latest global conference which will …

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