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nigeria’s

Nigeria’s naira hits record low of 980 per dollar on official market -Refinitiv data

October 17, 2023
Nigeria's naira hits record low of 980 per dollar on official market -refinitiv data - photo licensed by shore news network.

ABUJA (Reuters) -Nigeria’s naira hit a record low of 980 per dollar on the official market on Tuesday, Refinitiv data showed, mirroring weakness on the …

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Nigeria’s Tinubu tells UN he seeks to restore democratic order in Niger

September 19, 2023September 19, 2023
Nigeria's tinubu tells un he seeks to restore democratic order in niger - photo licensed by shore news network.

UNITED NATIONS (Reuters) – Nigerian President Bola Tinubu said on Tuesday he was seeking to re-establish constitutional order to address political and economic problems in …

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Gunmen kill seven worshippers in Nigeria’s northern Kaduna state

September 2, 2023

By Ahmed Kingimi MAIDUGURI, Nigeria (Reuters) – At least seven worshippers were killed in an attack on a mosque by a gang of armed men …

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Gunmen kidnap 12 in Nigeria’s northern Zamfara and Borno states

August 26, 2023

By Ahmed Kingimi MAIDUGURI, Nigeria (Reuters) -At least 12 people have been kidnapped in two separate incidents in northern Nigeria, officials and witnesses said on …

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Nigeria’s GDP growth slows to 2.5% y/y in Q2 as reforms get under way

August 25, 2023
Nigeria's gdp growth slows to 2. 5% y/y in q2 as reforms get under way - photo licensed by shore news network.

By Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s annual economic growth rate slowed to 2.51% in the second quarter, data showed on Friday, hurt by a …

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Nigeria’s suspended cenbank governor to face fraud charges on Thursday

August 16, 2023
Nigeria's suspended cenbank governor to face fraud charges on thursday - photo licensed by shore news network.

By Camillus Eboh ABUJA (Reuters) – Nigeria’s suspended central bank governor Godwin Emefiele will appear in a high court in Abuja on Thursday, when he …

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Nigeria’s Tinubu says scrapping fuel subsidy has saved $1.32 billion

July 31, 2023
Nigeria's tinubu says scrapping fuel subsidy has saved $1. 32 billion - photo licensed by shore news network.

By Felix Onuah ABUJA (Reuters) – Nigeria has saved over 1 trillion naira ($1.32 billion) in just over two months by scrapping a popular but …

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Nigeria’s Tinubu appoints investigator to probe central bank – letter

July 30, 2023July 30, 2023
Nigeria's tinubu appoints investigator to probe central bank - letter - photo licensed by shore news network.

ABUJA (Reuters) – Nigeria’s President Bola Tinubu has appointed a financial watchdog to investigate the central bank, weeks after he suspended its governor, a copy …

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Nigeria’s central bank auctions FX at 645 naira, weaker than spot rate

June 2, 2023
Nigeria's central bank auctions fx at 645 naira, weaker than spot rate - photo licensed by shore news network.

By Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s central bank has sold the dollar at 645 naira at its latest auction, results showed on Friday, lower …

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Explainer-What to expect from Nigeria’s new president Bola Tinubu

May 29, 2023
Explainer-what to expect from nigeria's new president bola tinubu - photo licensed by shore news network.

By MacDonald Dzirutwe LAGOS (Reuters) – Nigeria’s new president Bola Tinubu faces a litany of problems, including widespread violence, double-digit inflation and industrial-scale oil theft. …

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Nigeria’s Senate approves bill to raise government borrowing from central bank

May 27, 2023
Nigeria's senate approves bill to raise government borrowing from central bank - photo licensed by shore news network.

ABUJA (Reuters) – Nigeria’s Senate amended a law on Saturday to allow the federal government to borrow more money from the central bank, just days …

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After inauguration fanfare, immense economic challenges await Nigeria’s Tinubu

May 26, 2023
After inauguration fanfare, immense economic challenges await nigeria's tinubu - photo licensed by shore news network.

By MacDonald Dzirutwe and Libby George LAGOS (Reuters) – Nigeria’s incoming President Bola Tinubu will inherit anaemic economic growth, record debt and shrinking oil output, …

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Nigeria’s Tinubu declared president-elect by electoral commission

February 28, 2023
Nigeria's tinubu declared president-elect by electoral commission - photo licensed by shore news network.

LAGOS (Reuters) – Nigeria’s ruling party candidate Bola Tinubu was on Wednesday declared winner of a disputed weekend presidential election by the electoral commission after …

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Nigeria’s Atiku promises unity, economic bounce in final campaign rally

February 18, 2023
Nigeria's atiku promises unity, economic bounce in final campaign rally - photo licensed by shore news network.

YOLA, Nigeria (Reuters) – Nigeria’s presidential hopeful Atiku Abubakar on Saturday said he would bring peace and unity to the country and improve its economic …

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Nigeria’s Atiku joins calls to extend deadline on old banknotes

January 28, 2023
Nigeria's atiku joins calls to extend deadline on old banknotes - photo licensed by shore news network.

LAGOS (Reuters) – Nigerian opposition presidential candidate Atiku Abubakar urged the central bank on Saturday to extend a Jan. 31 deadline to phase out old …

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Nigeria’s female bouncers show their strength fighting stereotypes

January 12, 2023
Nigeria's female bouncers show their strength fighting stereotypes - photo licensed by shore news network.

By Seun Sanni and Temilade Adelaja AKWA IBOM, Nigeria (Reuters) – For years, Emem Thomas’ body drew snarky remarks from slimmer classmates in southern Nigeria …

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Nigeria’s debt service costs to remain elevated in medium term -Fitch

November 15, 2022November 15, 2022
Nigeria's debt service costs to remain elevated in medium term -fitch - photo licensed by shore news network.

By MacDonald Dzirutwe LAGOS (Reuters) – Nigeria’s debt service costs will remain elevated in the short to medium term, which will hobble the country’s ability …

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Nigeria’s Buhari backs central bank on new banknotes

October 30, 2022
Nigeria's buhari backs central bank on new banknotes - photo licensed by shore news network.

ABUJA (Reuters) – Nigerian President Muhammadu Buhari on Sunday said he backed the central bank’s decision to try to mop up excess liquidity by recalling …

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US and UK warn of possible attack in Nigeria’s capital

October 23, 2022

LAGOS (Reuters) – The United States and Britain on Sunday warned of a possible terrorist attack in Nigeria’s federal capital Abuja, especially aimed at government …

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Nigeria’s fuel subsidies surpassed $1 billion in Aug as it supplied more petrol

September 25, 2022
Nigeria's fuel subsidies surpassed $1 billion in aug as it supplied more petrol - photo licensed by shore news network.

By Camillus Eboh ABUJA (Reuters) – The cost of Nigeria’s fuel subsidies rose to 525.714 billion naira ($1.22 billion) in August, bringing the total spent …

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Nigeria’s striking lecturers appeal ruling ordering them back to work

September 23, 2022

ABUJA (Reuters) – Lecturers from Nigerian public universities who have been striking since February appealed a court ruling ordering them to suspend their action, which …

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Nigeria’s military warns residents of bombings targeting bandits

September 21, 2022

By Hamza Ibrahim MAIDUGURI/KANO, Nigeria (Reuters) – Nigeria’s military is urging people in three northwestern states to leave forested areas ahead of a bombing campaign …

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Record 1.8 tons of cocaine seized, Nigeria’s drugs agency says

September 19, 2022

By Camillus Eboh ABUJA (Reuters) – A record 1.8 tons of cocaine was seized from a warehouse in Lagos with a street value of $278.5 …

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Nigeria’s annual inflation rises to highest level since 2005

August 15, 2022
Nigeria's annual inflation rises to highest level since 2005 - photo licensed by shore news network.

By Chijioke Ohuocha ABUJA – Nigeria’s annual inflation quickened in July to its highest level since 2005, official data showed on Monday, driven by price …

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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’s newly licensed national carrier to lease Airbus, Boeing aircrafts -minister

July 27, 2022
Nigeria's newly licensed national carrier to lease airbus, boeing aircrafts -minister - photo licensed by shore news network.

ABUJA – Nigeria’s newly licenced national carrier will lease a mix of Airbus and Boeing aircraft, the aviation minister said on Wednesday. Hedi Sirika told …

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Nigeria’s markets regulator publishes rules on crypto assets

May 14, 2022
Nigeria's markets regulator publishes rules on crypto assets - photo licensed by shore news network.

LAGOS – Nigeria’s markets regulator has published a set of regulations for digital assets, signalling Africa’s most populous country is trying to find a middle …

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Nigeria’s Ibom Air rejects industry plan to stop flights over jet fuel cost

May 7, 2022
Nigeria's ibom air rejects industry plan to stop flights over jet fuel cost - photo licensed by shore news network.

By Camillus Eboh ABUJA – Nigerian airline Ibom Air on Saturday said it will not take part in an industry plan to stop flights from …

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Nigeria’s new seaport aims to become African shipment hub

May 4, 2022

By Camillus Eboh ABUJA – Nigeria expects to become an African hub for transshipment with a new deep seaport set to open in the commercial …

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Gunmen kill at least 62 vigilantes in Nigeria’s Kebbi state

March 8, 2022March 8, 2022
Gunmen kill at least 62 vigilantes in nigeria's kebbi state - photo licensed by shore news network.

By Garba Muhammad KADUNA, Nigeria – Gunmen ambushed and killed at least 62 members of a volunteer vigilante group in Nigeria’s northwestern Kebbi state, the …

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