Nigeria needs $1 bln budget support loan from AfDB
The African Development Bank (AfDB) on Tuesday said the federal government of Nigeria had requested a ‘Budget Support Loan’ of $1 billion to enable it […]
Nigeria
Nigerian President Rejects Naira Devaluation
Nigeria’s president Mohammed Buhari on Wednesday rejected calls to devalue the country’s currency, the Naira. While on a state visit to Kenya, Muhammadu Buhari has […]
Nigeria: Gov’t urges MTN to drop lawsuit
Nigerian telecommunications minister, Adebayo Shittu, on Tuesday, told the South African mobile phone operator MTN to drop its legal action over a $3.9 billion fine […]
Nigeria plans up to $5bn Eurobond in 2016
Nigerian Federal Government plans to borrow up to $5 billion in 2016, from multiple sources, including the Eurobond market, to plug its deficit as the […]
Nigeria trying 55 officials for alleged embezzlement of $6.8bln
Scores of people, including former governors, cabinet ministers and government workers in Nigeria who have allegedly embezzled $6.8bn from public treasury over seven years are […]
Nigeria calls OPEC Nations for emergency meeting in March
The 13 members of the Organization of Petroleum Exporting Countries “may hold an emergency meeting in the first quarter if prices remain at current levels,” […]
Nigeria-Cameroon submarine cable system launched
MainOne, West Africa’s leading telecoms and network services provider, has announced the completion and launch of the high capacity Nigerian-Cameroon Submarine Cable System (NCSCS). This […]
Nigeria: Anti-graft commission arrests Buhari’s associate over $2.1bn arms deal
The Nigerian Economic and Financial Crimes Commission (EFCC) on Wednesday night arrested a former military governor of Kaduna State and chieftain of the ruling All […]
Nigeria: New Lagos airport to handle 30m passengers yearly
The Federal Airports Authority of Nigeria (FAAN) on Thursday said the new terminal building at the Murtala Mohammed International Airport (MMIA), Lagos, is expected to […]
Nigeria: Lassa fever kills dozens
The Nigerian Federal Government on Wednesday confirmed the outbreak of Lassa fever in the country and put the number of reported cases in eight states […]