Nigeria’s Tinubu tells UN he seeks to restore democratic order in Niger
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 neighboring Niger following a July coup and…
Nigeria’s GDP growth slows to 2.5% y/y in Q2 as reforms get under way
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 fall in oil production amid a series…
Nigeria’s suspended cenbank governor to face fraud charges on Thursday
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 is expected to enter a plea in…
Nigeria’s Tinubu says scrapping fuel subsidy has saved $1.32 billion
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 costly subsidy on petrol and moved to…
Nigeria’s Tinubu appoints investigator to probe central bank – letter
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 of a letter from the president showed…
Nigeria’s central bank auctions FX at 645 naira, weaker than spot rate
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 than 465 naira where the currency is…
Explainer-What to expect from Nigeria’s new president Bola Tinubu
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. His victory is being challenged in court…
Nigeria’s Senate approves bill to raise government borrowing from central bank
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 before incoming President Bola Tinubu takes office.…
After inauguration fanfare, immense economic challenges await Nigeria’s Tinubu
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, but before he can start fixing these…
Nigeria’s Tinubu declared president-elect by electoral commission
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 defeating two of his closest rivals. (Reporting…
Nigeria’s Atiku promises unity, economic bounce in final campaign rally
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 fortunes as he made his final campaign…
Nigeria’s Atiku joins calls to extend deadline on old banknotes
LAGOS (Reuters) – Nigerian opposition presidential candidate Atiku Abubakar urged the central bank on Saturday to extend a Jan. 31 deadline to phase out old high-value banknotes, a measure many Nigerians fear…
Nigeria’s female bouncers show their strength fighting stereotypes
By Seun Sanni and Temilade Adelaja AKWA IBOM, Nigeria (Reuters) – For years, Emem Thomas’ body drew snarky remarks from slimmer classmates in southern Nigeria that shattered her confidence and natural affability.…
Nigeria’s debt service costs to remain elevated in medium term -Fitch
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 to use fiscal policy to support economic…
Nigeria’s Buhari backs central bank on new banknotes
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 high-value bank notes and replacing them with…
US and UK warn of possible attack in Nigeria’s capital
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 buildings, places of worship and schools, among…
Nigeria’s fuel subsidies surpassed $1 billion in Aug as it supplied more petrol
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 this year to 2.568 trillion naira, according…
Nigeria’s striking lecturers appeal ruling ordering them back to work
ABUJA (Reuters) – Lecturers from Nigerian public universities who have been striking since February appealed a court ruling ordering them to suspend their action, which has kept students away from class for…
Nigeria’s military warns residents of bombings targeting bandits
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 targeting bandits and terrorists, according to local…
Record 1.8 tons of cocaine seized, Nigeria’s drugs agency says
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 million, Nigeria’s National Drug Law Enforcement Agency…
Nigeria’s annual inflation rises to highest level since 2005
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 rises for food, fuel and clothing. The…
Nigeria’s Buhari grants consent to Seplat’s buy of Exxon Mobil’s Nigeria unit
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 in February. Buhari, who doubles as oil…
Nigeria’s newly licensed national carrier to lease Airbus, Boeing aircrafts -minister
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 reporters in Abuja after the plan was…
Nigeria’s markets regulator publishes rules on crypto assets
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 ground between an outright ban on crypto…
Nigeria’s Ibom Air rejects industry plan to stop flights over jet fuel cost
By Camillus Eboh ABUJA – Nigerian airline Ibom Air on Saturday said it will not take part in an industry plan to stop flights from Monday over the high cost of jet…
Nigeria’s new seaport aims to become African shipment hub
By Camillus Eboh ABUJA – Nigeria expects to become an African hub for transshipment with a new deep seaport set to open in the commercial capital of Lagos before the end of…
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