September 2017 - (17)

Nigeria-European Union trade hits 20 billion Euros
2017-09-25 | Thisday
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Kano Government and Shandong Ruyi Technology Group of China sign MoU for $600 million textile industrial park
2017-09-25 | Thisday
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Power firms, gas producers disagree on dollar-denominated pricing
2017-09-25 | The Punch
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Federal Government begins repair of federal roads and bridges in Lagos
2017-09-25 | The Punch
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Force majeure on Nembe Oil Line increases risk of production cuts
2017-09-25 | Thisday
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Federal Mortgage Bank of Nigeria (FMBN) partners with the Federal Inland Revenue Service (FIRS) to boost contributions to NHF Scheme
2017-09-21 | The Guardian
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Labour Congress suspends industrial strike as discussions with FG progresses, NUPENG resumes fuel loading
2017-09-21 | Thisday
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FG reiterates plans to concession international airports, unable to sustain funding of 22 airports across the country
2017-09-21 | The Punch
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NNPC commences preliminary exploration of oil & gas in the Sokoto Basin
2017-09-21 | Thisday
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NNPC to award 80% of crude lifting contracts to the NNPC Trading Limited by 2018
2017-09-12 | The Punch
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Number of Nigerians registered by the National Identity Management Commission (NIMC) rises to 21.3 million as at Sept 2017
2017-09-12 | The Punch
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FG approves concession of Abuja and Lagos International Airports
2017-09-12 | The Punch
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Nigeria’s total debt stock rises to N19.63 trillion as at 30 June 2017, from N12.12 trillion recorded on 29 May 2015 – DMO
2017-09-12 | Thisday
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Lagos State Government commences reconstruction of the Oshodi-International Airport Road, plans completion within 15 months
2017-09-05 | Thisday
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Federal Inland Revenue Service (FIRS) generates N2.1 trillion in revenue from tax collections between January and July 2017
2017-09-05 | Thisday
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Nigeria records positive GDP growth of 0.55% in Q2 2017 from -0.91% in the previous quarter – NBS
2017-09-05 | Thisday
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FG releases N350 billion to MDAs for the implementation of capital projects contained in the 2017 budget
2017-09-05 | The Punch
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August 2017 - (8)

FEC awards $5.8 billion Mambilla Hydro Electric Power Plant contract to consortium of three Chinese companies
2017-08-31 | The Punch
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FG commences disbursement of N5 billion loan to artisanal and small-scale miners through BOI
2017-08-31 | The Guardian
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Lagos to build 57 electronic vehicle inspection service centres for testing vehicles before issuance of road worthiness certificates
2017-08-31 | The Punch
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EFCC recovers N430 billion proceeds from corrupt practices between January 2017 and August 2017
2017-08-31 | Thisday
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Nigeria’s inflation rate dips to 16.05% in July 2017 from 16.10% recorded in the prior month – NBS
2017-08-29 | The Punch
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Nigeria’s e-commerce market expected to rise to N15.5 trillion over the next decade – EIU
2017-08-29 | Thisday
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Nigeria’s natural gas sales rise by 4.5% to 47 cubic metres in 2016 – IEA
2017-08-29 | Businessday
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Nigeria Immigration Service (NIS) bans cash payments for passport processing in an effort to curtail corruption within the agency
2017-08-29 | Thisday
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July 2017 - (16)

9mobile (formally known as Etisalat) appoints Citibank and Standard Bank to find new investors for the mobile operator
2017-07-26 | The Punch
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FG to reduce tax payable to telecommunications operators in order to enable them to expand their services
2017-07-26 | The Punch
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FAAC allocates N652.2 billion to the three tiers of government in June 2017, a rise from N317.56 billion in May 2017
2017-07-26 | The Punch
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Total number of workers under the contributory pension scheme rises by 96,346 to 7.59 million workers in Q2 2017 – NBS
2017-07-26 | Thisday
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OPEC, non-OPEC members approve FG’s decision to cap Nigeria’s oil production output at 1.8 million bpd
2017-07-25 | The Punch
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Nigeria’s crude oil production dips by 150,000bpd as suspected militants vandalize Trans-Niger pipeline in Ogoniland
2017-07-25 | The Punch
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CBN recovers over N51.9 billion illegally deducted by commercial banks over the last five years
2017-07-25 | The Punch
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Nigeria’s power generation drops to 2,563.2mw as the number of idle power plants rise from 5 to 8 as at 23 July 2017
2017-07-25 | The Punch
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CBN extends guarantees to Skye Bank for another year, considers recapitalization of the Bank
2017-07-19 | The Punch
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NNPC partners with Halliburton to boost exploration efforts of commercial hydrocarbon in the inland sedimentary basins
2017-07-19 | The Punch
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FG releases N243.79 billion as the second tranche of Paris Club Refund to 36 States and the FCT
2017-07-19 | The Punch
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FIRS generates N1.78 trillion between Jan 2017 and Jul 2017, a 14% rise from N1.56 trillion in the corresponding period of the prior year
2017-07-19 | The Punch
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NCDMB to increase funds available to oil and gas operators under the Nigerian Content Intervention Fund from $100 million to $200 million
2017-07-13 | The Punch
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Courier operators oppose bill seeking to establish a Universal Postal Service Fund (UPSF) from 2.5% levy on annual turnover of operators
2017-07-13 | The Punch
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Nigeria loses $10 billion between 2010 and 2016 due to divestment of assets by IOCs
2017-07-13 | The Punch
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FEC approves N2.7 trillion payment owed to contractors, pensioners and state governments by FG over the past two decades
2017-07-13 | Thisday
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December 2016 - (24)

Airfares rise by 100 per cent as workers shut Arik
2016-12-21 | The Guardian
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21 Stocks decline as market capitalisation sheds N15bn
2016-12-21 | The Punch
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CBN will eliminate official, black market exchange rate gap
2016-12-21 | The Punch
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Oil rebound strengthens surge in FAAC revenue in Q3 2016
2016-12-21 | Business Day
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AMCON 2.0 will cost Nigeria N1.7 trillion
2016-12-21 | Business Day
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Nigeria spends N793 billion annually on the importation of ICT equipment – NITDA
2016-12-15 | Thisday
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The Nigerian Petroleum Development Company (NPDC) loses N1.5 trillion from January 2016 till date due to incessant attacks on facilities – N
2016-12-15 | The Punch
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FG recovers N1.4 billion from unremitted operating surpluses of government agencies between 2010 and 2015
2016-12-15 | Thisday
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President Buhari presents N7.3 trillion 2017 budget to National Assembly, plans to service debt with N1.66 trillion
2016-12-15 | The Punch
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CBN considers licensing Telcos to provide mobile money services in an effort to drive its National Financial Inclusion Strategy
2016-12-09 | Businesday
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FG gives aviation operators 1 Jan 2017 deadline to automate payment charges to regulatory agencies
2016-12-09 | Thisday
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India to increase crude oil imports from Nigeria to 11 million mt in 2017 from 9 million mt in 2016
2016-12-09 | Thisday
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NERC fines TCN N47.6 million for various regulatory breaches, including failure to submit audited financials in 2013 and 2014 (The Punch)
2016-12-09 | The Punch
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FG to capitalize Bank of Agriculture with N1 trillion, targets 25 million farmers
2016-12-08 | thisdaylive
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FG targets 7% economic growth between 2017 and 2020 through National Economic Recovery Growth Plan
2016-12-08 | The Punch
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House of Representatives summon NNPC, 19 oil & gas operators over $17 billion undeclared exports between 2011 and 2014
2016-12-08 | The Punch
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FG to probe commercial banks over collection of stamp duty fees on customer deposits
2016-12-01 | The Punch
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Federal Executive Council (FEC) approves 2017 Appropriation Bill
2016-12-01 | Thisday
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OPEC agrees to first production cut in eight years after months of negotiations, oil prices rise to $50/barrel
2016-12-01 | Thisday
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NCC suspends directive on data tariff increase following consultation with industry stakeholders
2016-12-01 | The Punch
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November 2016 - (60)

FG to hire foreign consultants to monitor the budgets and financial records of ministries, departments and agencies (MDAs)
2016-11-29 | The Guardian
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Mobile internet subscription rises to 93.5 million in Sept 2016 from 57.8 million recorded in Oct. 2013
2016-11-29 | The Punch
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Nigeria loses over 130 million barrels of crude oil between Jan. 2016 and Nov. 2016 due to activities of militant groups
2016-11-29 | Thisday
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MTN meets with SEC on initial public offering (IPO) of shares on NSE, seeks concessions to fast-track listing
2016-11-29 | Thisday
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Telecoms sector contributes N1.398 trillion to Nigeria’s GDP in Q3 216, lower than N1.5 trillion recorded in the previous quarter – NCC
2016-11-28 | Thisday
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Naira depreciates by an estimated 85% over the last two years – CBN
2016-11-28 | The Punch
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Nigeria’s non-oil revenues threatened as profitability of 91 listed companies dips by 24% in Q3 2016 from the corresponding period in 2015
2016-11-28 | Businessday
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Nigeria may suffer revenue shortfall with crude oil loading output of 1.6 mbpd for Jan. 2017, below the 2.2 mbpd target in 2017 budget
2016-11-28 | Businessday
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World Bank’s support for Nigeria’s agriculture sector hits $400 million, commits additional $200 million for livestock development
2016-11-16 | The Guardian
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FG to recover unremitted operating surpluses totaling N450 billion from CBN, PTDF, NAFDAC, SEC, other agencies
2016-11-16 | The Punch
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Nigeria’s annual demand for automobiles (new and used) dips by 37.5% from 400,000 to 250,000 – NADDC
2016-11-16 | The Punch
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FG owes over $8.5 billion (N2.6 trillion) in cash call arrears to oil companies, mulls exit of joint venture system
2016-11-16 | The Punch
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FG spends N750 billion on capital projects between Jun 2016 and Nov 2016 in an effort to reflate the economy
2016-11-14 | The Punch
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Capital importation into Nigeria’s oil and gas sector declines to $172 million (N78 billion) in Q3 2016 from $200 million (N90 billion) in Q
2016-11-14 | The Guardian
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FG to refund N20 billion to state governments for funds spent on federal projects in their respective states
2016-11-14 | This Day
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Inflation rises to 18.3% in October from 17.9% in the prior month, following rising housing, utility and transport costs – NBS
2016-11-14 | The Punch
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DSS operatives raid registered, unregistered BDC operators in Lagos and Abuja for selling foreign currencies above stipulated rates
2016-11-11 | The Punch
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Value of wheat importation in Nigeria stands at $660 million between Jan. 2016 and Sept. 2016 –US Dept. of Agriculture
2016-11-11 | The Punch
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Senate returns Medium-Term Economic Framework and External borrowing plan documents to Executive, citing inconsistencies
2016-11-11 | This Day
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President Buhari to launch National Economic Reconstruction and Growth Plan to guide FG in repositioning economy following recession
2016-11-11 | The Punch
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FG reaches settlement to resolve dispute with IOCs with $5 billion payment to cover exploration and production costs
2016-11-09 | The Punch
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Senate begins probe into the concession of the eastern and western rail lines to General Electric without following due process
2016-11-09 | The Punch
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CBN eases foreign exchange pressure on manufacturing and agricultural businesses with release of $600 million
2016-11-09 | The Guardian
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Skye Bank to sell business interests in Gambia, Guinea and Sierra Leone to ease pressure on capital, expected to relinquish international li
2016-11-09 | This Day
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Domestic airline operators appeal to CBN for $50million grant from the foreign exchange (forex) special intervention programme
2016-11-02 | The Guardian
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Total cost of fueling generators by households and businesses in Nigeria expected to rise to N5 trillion by 2017
2016-11-02 | This Day
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Senate rejects Presidency’s $29.96bn external borrowing plan due to lack of adequate information and perceived inconsistencies
2016-11-02 | The Punch
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Indigenous tomato paste manufacturer, Erisco Foods, shuts down $150 billion plant; announces move to China due to lack of FG support
2016-11-02 | The Punch
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October 2016 - (51)

FG targets 60% reduction in importation of petroleum products by 2018 following reforms embarked upon
2016-10-25 | The Punch
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CBN suspends MTN’s dividend payout amidst claims of $13.97 illegal repatriation of funds
2016-10-25 | The Guardian
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FAAC allocations dip by 31% from N2.89 trillion in H1 2015 to N2.01 trillion in H1 2016 – NEITI
2016-10-25 | The Punch
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Annual production capacity of Nigerian vehicle assembly plants dips by 97% from 500,000 to 15,000
2016-10-25 | The Punch
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FG to raise N1 trillion from private sector, local and international investors for affordable housing scheme
2016-10-12 | The Punch
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Senate to pass 11 bills before 31 Dec. 2016 aimed at tackling the country’s economic recession
2016-10-12 | Businessday
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FG to provide logistics and technical assistance to state governments in their bid to invest in the development of the mining sector
2016-10-12 | Businessday
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Naira appreciates to N468/$1 on the parallel market, remains unchanged at the interbank FX market at N304.75/$1
2016-10-12 | This Day
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Nigeria’s total debt stock rises to N16.3 trillion as at June 2016, debt servicing stood at N1.17 trillion on the same date
2016-10-11 | The Punch
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MTN Nigeria commences 4G broadband mobile services, deploying 2.6GHz frequency recently acquired from NCC at a cost of $84 Million
2016-10-11 | The Punch
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FG to inject N350 billion into the Nigerian economy to cushion the effects of the recession
2016-10-11 | This Day
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Brent Crude price rises to $53.73, highest since Oct. 2015, as Russia announces plans to join OPEC in curbing output
2016-10-11 | The Punch
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World Bank to release $1.3 billion for commencement of Development Bank of Nigeria (DBN)
2016-10-10 | This Day
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Nigeria’s power generation dips to 3,402 MW as Olorunsogo (Ogun State) and Trans-Amadi (Rivers State) power plants shut down
2016-10-10 | The Punch
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Total number of active GSM subscribers rises to 152 million in September 2016, internet penetration stands at 97 million – NCC
2016-10-10 | This Day
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Ministry of Solid Minerals Development in talks with NSIA for $500 million investment fund to support long term development of mining sector
2016-10-10 | This Day
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FG accuses SPDC of under-declaring crude oil shipments in 2013 and 2014, demands $406 million
2016-10-05 | This Day
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GSK Nigeria completes divestment of drinks bottling and distribution business to Suntory Beverage & Food Nigeria Ltd
2016-10-05 | This Day
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IMF cuts Nigeria’s economic growth forecast to 0.6% in 2017 due to low oil prices, policy uncertainty and weak investor confidence
2016-10-05 | The Punch
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• FG plans N6.8 trillion as budget for 2017, 13.3% higher than N6.0 trillion budgeted in 2016
2016-10-05 | The Punch
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June 2016 - (48)

Nigeria’s $4 billion back-log of foreign exchange demand to be cleared in 3 to 4 weeks – CBN
2016-06-17 | Businessday, page 6
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FG to liquidate historical electricity debts owed to power distribution companies by MDAs before 31 Dec. 2016
2016-06-17 | The Punch
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Nigeria’s vehicle production capacity expected to reach 200,000 by Dec. 2016
2016-06-17 | The Guardian
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Senate passes bill to re-enact the Public Procurement Act, 2007, ensuring priority is given to locally-manufactured products
2016-06-17 | The Punch
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Nigeria’s foreign debt rises by $7.18 billion from $3.54 billion in 2006 to $10.72 billion
2016-06-16 | The Punch
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FG to develop new debt management strategy for 2016 to 2019, external borrowing to increase over the same period
2016-06-16 | The Punch
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NSE market capitalisation rises by N270 billion to N9.579 trillion as CBN unveils new guidelines for the Nigeria Interbank Foreign Exchange
2016-06-16 | This Day
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US imports of Nigerian crude oil rises by 577% from 3.88 million barrels in Q4 2015 to 26.3 million barrels in Q1 2016
2016-06-16 | This Day
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Nigeria’s inflation reaches six-year high, rising to 15.6% in May 2016 from 13.7% recorded in the prior month
2016-06-15 | The Punch
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FG secures N90 billion conditional loan from the private sector for state governments through the issuance of bonds
2016-06-15 | The Punch
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CBN expected to release details on flexible exchange rate policy today
2016-06-15 | The Punch
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FG releases N280 billion from the N350 billion set aside for capital projects to 6 ministries, 50 agencies
2016-06-15 | The Punch
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FG to assist State Governments in raising funds from the capital market to finance capital projects
2016-06-14 | The Punch
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Naira dips to N367/$1 on the parallel market as uncertainty over the CBN’s foreign exchange rate policy persists
2016-06-14 | The Punch
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FG to shutdown AGIP Okpai power plant for repairs on vandalised 55 kilometre transmission line, power supply to fall by 300mw
2016-06-14 | This Day
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NPDC, IOCs to inaugurate 4 gas projects expected to add 855 million scf of gas daily to the total domestic gas supply
2016-06-14 | The Punch
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World Bank slashes Nigeria’s growth forecast
2016-06-09 | The Punch
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Agric Bank Grants N10.4m Loan Facility to Aba Leather Manufacturers
2016-06-09 | This Day
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Telecoms subscribers in Nigeria decline by 4.56 million – NCC
2016-06-09 | The Punch
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Naira tumbles to N371/$1 as dollar scarcity persists
2016-06-09 | The Punch
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Nigeria outages drag OPEC oil supply lower
2016-06-09 | The Punch
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NNPC realises operational losses of N19.43bn in April – NNPC
2016-06-09 | The Punch
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Emefiele to meet bank CEOs over workers’ retrenchment, forex policy
2016-06-09 | The Punch
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Oil hits 2016 high on Nigeria supply disruptions
2016-06-08 | The Punch
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Naira falls to N361/1$ as dollar demand rises
2016-06-08 | The Punch
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Stumbling Dollar, Nigeria’s Militancy Push Oil Prices above $50
2016-06-08 | This Day
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Actis Raises over $500m for New African Real Estate Fund
2016-06-08 | This Day
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World Bank Cuts 2016 Global Growth Forecast to 2.4%
2016-06-08 | This Day
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Nigeria’s pension funds assets rise to N5.4 trillion from seven million contributors - Pencom
2016-06-03 | This Day
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Nigeria’s crude oil output rises to 1.6m barrels per day following repairs on some of the oil and gas installations damaged by militant
2016-06-03 | This Day
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FG commences the clean-up of Ogoniland and impacted areas of the Niger Delta in accordance with the UNEP Report
2016-06-03 | This Day
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FG to revive the Export Expansion Grant in an effort to promote indigenous manufacturing in Nigeria
2016-06-03 | The Punch
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May 2016 - (55)

FMBN and FHA partner to build 30,000 homes in Lagos, Abuja, Kano and Port Harcorut
2016-05-24 | This Day
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Foreign airlines’ operating in Nigeria unable to access $575 million worth of funds due to FG’s foreign exchange policy
2016-05-24 | The Punch
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NNPC fails to remit N1.1 trillion to the Federation Account in 2013 –NEITI
2016-05-24 | The Punch
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FG opens up Lagos, Abuja, Kano and Port Harcourt international airports to foreign investors for concession
2016-05-24 | The Punch
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FG commences plans to privatize NNPC as well as the country’s refineries before the end of 2016
2016-05-20 | The Punch
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Nigeria’s state governors approach the World Bank to access $3.25 billion fund amid their inability to pay workers’ wages
2016-05-20 | The Punch
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Nigeria loses $29 million daily following 600,000 bpd dip in crude oil production, external reserves fall to $26.6 billion
2016-05-20 | Businessday, page 1,4
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ExxonMobil shuts down Qua Iboe crude oil terminal following militant threats
2016-05-20 | This Day
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Nigeria’s inflation rates rise to 13.7% in Apr 2016 from 12.8% recorded in Mar 2016, attributable to higher PMS prices and electricity tarif
2016-05-17 | The Punch
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Nigeria’s crude oil production declines by 40% to 1.4 million bpd due to militant attacks on facilities in the Niger Delta
2016-05-17 | The Punch
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Lagos State to benefit from 13% derivation as an oil producing state due to the discovery of crude oil along the Aje oil field
2016-05-17 | This Day
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Domestic airlines in Nigeria losing over N500 million daily as scarcity of aviation fuel forces airlines to cancel 50% of their flights
2016-05-17 | This Day
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FG loses over N1 trillion to the non-remittance of operating surpluses to the Consolidated Revenue Fund by MDAs – FRC
2016-05-13 | The Punch
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FG commences release of N350 billion set aside for capital projects as contained in the 2016 budget
2016-05-13 | The Punch
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Naira falls to N341/$1 from N323/$1 recorded on the prior day following the FG’s removal of petrol subsidy
2016-05-13 | The Punch
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FG to review current tax laws in Nigeria in order to keep up with rapid changes in business practices
2016-05-13 | The Punch
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Oando commences development of liquefied natural gas (LNG) facility through the subsidiary, Transit Gas Nigeria Limited, in Ajaokuta, Kogi S
2016-05-10 | This Day
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Nigeria currently losing 500,000 barrels of crude oil per day to sporadic supply disruptions attributed to the resurgence of militancy in th
2016-05-10 | This Day
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Nigeria’s crude oil production falls to 20-year low of 1.6 million barrels per day
2016-05-10 | Businessday, page 4
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FG to deregulate petroleum downstream sector in an effort to end incessant fuel scarcity, pump price of petrol expected to rise to N130/litr
2016-05-10 | The Guardian
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NCC prohibits mobile operators from sending unsolicited text messages to subscribers, sets N5 million fine for failure to comply
2016-05-09 | The Punch
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Nigeria’s power generation dips to 2,500 mw following recent attacks on Chevron’s oil and gas facilities in Escravos
2016-05-09 | This Day
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Electricity distribution companies to disconnect MDAs, military and security agencies over unpaid electricity bills totaling N93 billion
2016-05-09 | The Punch
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FG commits N433 billion for road projects in 2016, an estimated 25% of N1.7 trillion required to complete 206 road projects in Nigeria
2016-05-06 | This Day
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Nigeria loses an estimated $10 billion in investments due to the non-passage of the petroleum industry bill – PETAN
2016-05-04 | The Guardian
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Lagos becomes oil producing State as Aje field, located in Oil Mining Lease 113, commences oil production
2016-05-04 | The Punch
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FG commences legal action against Shell over 2011 Bonga oil spills that affected 350 communities in Delta and Bayelsa States
2016-05-04 | This Day
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Nigeria’s external reserves decline by $753 million from $27.86 billion on 1 Apr 2016 to $27.12 billion as at 29 Apr 2016
2016-05-04 | This Day
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April 2016 - (55)

Shell divests interests in 3 onshore leases and a major pipeline in 2015, records $365 million loss to crude oil theft
2016-04-26 | The Guardian
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Nigeria’s banking sector’s credit to FG rises by 3.8% from Q3 2015 to N2.89 trillion recorded in Q4 2015
2016-04-26 | The Punch
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Nigeria’s power generation dips to 3,494 mw from a peak of 5,074 mw recorded on 2 Feb. 2016
2016-04-26 | The Guardian
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Share of Nigerians unserved and underserved by the telecoms sector declines from 36.8 million in 2013 to 33.7 million in 2015
2016-04-26 | The Punch
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Nigeria records electricity metering gap of 47% with only 3.2 million metered customers out of a total 6.1 million customers –NESI
2016-04-21 | The Guardian
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Nigeria’s oil & gas industry records job losses of about 150,000 between Jan. 2014 and Feb. 2016–PENGASSAN
2016-04-21 | The Punch
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Arik Air local operations halted by aviation workers over N12.5 billion debt owed to Federal Airports Authority of Nigeria (FAAN)
2016-04-21 | The Punch
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Total deposit liabilities of DMBs in Nigeria stood at N17.3 trillion from 67 million depositors as at 31 Dec 2015–NDIC
2016-04-21 | This Day
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BOI, Kaduna State Government partner to implement 5-year N1.5 trillion economic framework
2016-04-11 | The Guardian
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FG concludes plans to meet with State Governments to simplify access to land by investors in the mining industry
2016-04-11 | The Guardian
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Telecoms operators’ spending on power generation for BTS rises by 35% from N540 billion in 2014 to N730 billion in 2015
2016-04-11 | The Punch
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Nigeria produces 66.49 million barrels of crude oil in Jan. 2016, representing an average daily production of 2.14 million bpd
2016-04-11 | This Day
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FG releases economic framework outlining the implementation of N6.06 trillion spending plan
2016-04-08 | The Guardian, page 6
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FG to raise value added tax (VAT) from 5% before 31 December 2016
2016-04-08 | The Punch
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IOCs in Nigeria to provide $200 million to help fund fuel imports amid foreign currency shortage
2016-04-08 | Businesday, page 39
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Passenger Traffic in Nigerian airports rise from 4.4 million annually recorded 12 years ago to 15 million a year as at 2015 –FAAN
2016-04-08 | The Guardian
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International Oil Companies to support Oil Marketers demand for FOREX
2016-04-04 | This Day
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Nigerian Communications Commission remits N70 billion into the Federation account
2016-04-04 | The Punch
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The Federal government rules out fuel price increase and return of subsidy
2016-04-04 | The Guardian
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- The second Niger Bridge on course for concession agreements by Q2 2016- Nigerian Sovereign Investment (NSIA)
2016-04-04 | This Day
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Foreign investors show increased interest in retail mall development
2016-04-04 | The Punch
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Zero power generation recorded as eight power plants shut down
2016-04-01 | The Punch
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Latest monetary policy incentive reduces money supply by 744 billion Naira
2016-04-01 | The Vanguard
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The NNPC targets local refining capacity of 650,000 barrels per day
2016-04-01 | This Day
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The World Bank pledges 800 million USD towards rebuilding Northeast Nigeria
2016-04-01 | This Day
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March 2016 - (72)

NNPC’s fuel importation quota reduced for Q2 2016 in moves to mitigate scarcity
2016-03-31 | This Day
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China reduces import of Nigerian crude oil
2016-03-31 | The Punch
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Dangote tomato processing factory commences production
2016-03-31 | The Guardian
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Local manufacturers of power meters set to increase production
2016-03-31 | The Punch
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Nigeria’s Business Confidence Index down to 12 month low
2016-03-30 | This Day
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Power sector participants seek $40 billion government guarantee
2016-03-30 | The Guardian
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Oil falls below $40 as supply increases with no immediate demand prospects
2016-03-30 | The Punch
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Government debt accruing to Power firms over 60 billion Naira
2016-03-30 | The Punch
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Nigeria loses up to 10 billion Naira annually hosting domain names abroad
2016-03-29 | The Punch
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Shell Nigeria increases gas production to improve power generation
2016-03-29 | This Day
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Fuel crisis worsens as most depots run out of supply
2016-03-29 | This Day
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Kewalram Nigeria inaugurates 198,000 capacity truck assembly plant
2016-03-29 | The Punch
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Nigeria to spend 24 percent of revenue on debt servicing
2016-03-29 | This Day
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FG to release N350 billion into the economy in an effort to improve economic activities in the country
2016-03-23 | The Punch
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FG to collaborate with State Governments to increase VAT over the short to medium term
2016-03-23 | This Day
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FGs, States, LGs share N345 billion as revenue in Feb 2015, a 7% decline from N370.3 billion shared in Jan. 2016
2016-03-23 | The Guardian
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Monetary Policy Committee of CBN raises MPR and CRR to 12% and 22.5% respectively, from the previous rates of 11% and 20%
2016-03-23 | This Day
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Senate to probe failure of NNPC and other government agencies to remit N3.3 trillion to the Federation Account in 2014
2016-03-16 | This Day
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Inflation rises to 11.4% in Feb 2016 from 9.6% in the previous month attributable to higher food prices and imported items
2016-03-16 | This Day
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NCC lifts suspension of services to MTN as negotiation of payment of the regulatory fine continues
2016-03-16 | This Day
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Nigeria’s active internet users rise from 31 million recorded in Dec. 2012 to 97 million as at December 2015
2016-03-16 | The Punch
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ICAO commences oversight audit programme (USOAP) on Nigeria’s aviation sector
2016-03-14 | Businessday, page 6
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Market capitalisation of the NSE falls by N811 billion from N9.75 trillion recorded on 1 Jan 2016 to N8.93 trillion as at 11 Mar 2016
2016-03-14 | The Punch
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NCC announces plans to auction 14 slots of 2.6GHz spectrum frequency band licensing on 16 May 2016
2016-03-14 | The Guardian
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Nigeria targets 2.4 million barrels per day (bpd) output in 2016, 200,000 bpd to be used for domestic refining
2016-03-14 | This Day
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Naira falls from N315/$1 recorded on the previous day to N320/$1 on the parallel market as dollar shortage persists
2016-03-11 | Businessday, page 5
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Fuel scarcity worsens despite the suspension of the strike by oil workers following NNPC restructuring plans
2016-03-11 | The Punch
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MTN proposes N300 billion payment as settlement for NCC fine to be paid in 4 tranches between 2016 and 2020
2016-03-11 | This Day
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IHS Holding Limited to acquire Helios Towers Nigeria’s (HTN) portfolio of 1,211 diversified tower sites across Nigeria
2016-03-11 | This Day
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NNPC Restructuring: workers stop fuel supply and shut headquarters
2016-03-10 | The Punch
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House of Representatives’ committee on Telecommunications insists MTN fine be paid in full
2016-03-10 | This Day
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Electricity generation drops to 1580.60MW
2016-03-10 | This Day
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27 forms raise Nigerian Stock Exchange capitalization by N45 billion
2016-03-10 | The Punch
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Kia Nigeria plans to increase local content
2016-03-10 | The Guardian
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Switzerland gives conditions for the repatriation of $321 Million Abacha loot
2016-03-09 | The Punch
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The Federal Government restructures NNPC into seven units and twenty companies
2016-03-09 | This Day
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Minister of Communication seeks to stop hidden charges by GSM operators
2016-03-09 | The Guardian
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Domestic workers and artisans to pay taxes in Lagos
2016-03-09 | The Punch
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GDP grew by 2.11% in the Q4, 2015- National Bureau of Statistics
2016-03-09 | The Guardian
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Oil prices hit 2016 high, rise above $40 per barrel
2016-03-08 | This Day
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Crude Theft: FG sues IOCs over $12bn missing oil revenue
2016-03-08 | This Day
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Dangote plans to generate 12,000 MW of electricity
2016-03-08 | The Punch
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Cross River State partners firm on Superhighway and Seaport
2016-03-08 | The Punch
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RMAFC to halt new revenue formula for federal, state and local government councils
2016-03-08 | The Guardian
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Nigeria’s active telephone users rise by 340,525 subscribers to 151.37 million subscribers in Jan. 2016
2016-03-07 | The Punch
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FG to unbundle NNPC into 30 separate companies; PENGASSON, NUPENG reject FG’s proposed plans
2016-03-07 | The Punch
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Nigeria’s refineries collectively record first profit in 12 months with N5.6 billion operating profit in Jan. 2016
2016-03-07 | The Punch
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Investment inflow into Nigeria declines by N2.3 trillion from N4.2 trillion Jan. 2013 to N1.9 trillion in Dec. 2015
2016-03-07 | The Punch
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February 2016 - (44)

FG partners with the World Bank on $160 million initiative to improve access to finance and provide technical assistance to SMEs
2016-02-10 | This Day
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FG to hand over $4.5 billion Ajaokuta steel plant to private operators by the end of 2016 – Ministry of Solid Minerals Development
2016-02-10 | The Punch
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Electronic payment transactions in Nigeria rise to N48.9 trillion in 2015 from N43.8 trillion recorded in 2014
2016-02-10 | This Day
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Naira dips further to N313.5/$1 on the parallel market as dollar shortage persists
2016-02-10 | The Punch
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NNPC records a loss of N267.14 billion in 2015, attributable to poor performance of refineries and PPMC division
2016-02-04 | This Day
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National Assembly to pass 2016 appropriation bill on 25 Feb 2016, expected to retain N6.07 trillion proposed by the presidency
2016-02-04 | The Punch
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Nigeria’s total debt rises by N1.31 trillion from N11.24 trillion recorded in 2014 to N12.6 trillion at the end of 2015
2016-02-04 | The Punch
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Nigeria attains new power generation peak of 5,074 mw from previous high of 4,883.9 achieved in Nov. 2015
2016-02-04 | This Day
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FG mulls sale of $100 billion assets to shore up declining foreign reserves which currently stand at $28.1 billion
2016-02-03 | This Day
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Investment inflows into Nigeria decline by $11.1 billion from $20.75 billion recorded in 2014 to $9.64bn in 2015
2016-02-03 | The Punch
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Nigeria’s bilateral trade with the United States declines from $9.9 billion in 2014 to $4.9 billion in 2015
2016-02-03 | The Guardian, page 21
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FIRS sets N4.95 trillion target for the 2016 fiscal period to fund the Federal Government’s budget
2016-02-03 | The Punch
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NEXIM receives CBN approval for N350 billion export stimulation and refinancing facility
2016-02-02 | Businessday, page 2
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Coca Cola acquires 40% equity in Nigeria’s Chi Limited, plans 100% ownership within 3 years subject to regulatory approval
2016-02-02 | Businessday, page 13
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Nigeria records a $6.14 billion decline in non-oil export receipts from $10.53 billion in 2014 to $4.39 billion in 2015
2016-02-02 | The Punch
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Naira dips to N308/$1 on parallel market, CBN yet to pay N35 million cautionary deposit to BDCs
2016-02-02 | Businessday, page 8
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January 2016 - (65)

Market capitalisation on NSE rebounds after 10-day slide rising to N8.025 trillion from N7.723 trillion recorded on 19 Jan 2015
2016-01-21 | The Punch
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FG targets N394 billion as non-oil export earnings in the 2016 fiscal period
2016-01-21 | The Punch
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NNPC loses N1.7 billion due to closure of Port Harcourt and Kaduna refineries
2016-01-21 | The Guardian
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Nigeria records a daily loss of N470 million following gas pipeline attacks in Delta State
2016-01-21 | The Punch
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NNPC shuts down Kaduna, Warri refineries following the recent attacks on oil & gas pipelines
2016-01-20 | The Guardian
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Nigeria loses N650 billion to Shell, Total and Eni through generous tax breaks to compensate for their investments in NLNG
2016-01-20 | The Punch
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CBN unveils N300 billion special intervention fund for exporters, with interest rate of 9%, to boost non-oil exports
2016-01-20 | The Punch
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NATCOM, new owners of NITEL, to begin operations from March 2016 in Lagos, Abuja and Port Harcourt
2016-01-18 | The Punch
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Nigeria’s inflation rises to 9.6% in December 2016 attributed to higher prices in imported food items and a rise in transportation costs
2016-01-18 | This Day
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CBN ends daily auction of foreign exchange in a bid to conserve dwindling foreign reserves
2016-01-18 | This Day
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NNPC to build 109 mega filling stations across each senatorial district in Nigeria
2016-01-18 | This Day
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Nigeria’s stock market loses over N5.97 trillion between July 2014 and January 2016
2016-01-15 | The Punch
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Nigeria’s new car market dips by 67% from 45,618 units in 2014 to 15,031 units in 2015
2016-01-15 | Businessday, page 1
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Pension contribution under Contributory Pension Scheme rises to N5 trillion–PENCOM
2016-01-15 | This Day
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Nigeria loses $1 billion annually to unpaid fines for the flaring of gas by international oil companies
2016-01-15 | Businessday, page 7
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FG to hold first initial public offering (IPO) of assets owned by NNPC in 2018
2016-01-13 | This Day
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Naira falls to N300/$1 amid low dollar supply following CBN’s stoppage of foreign exchange to BDCs
2016-01-13 | The Punch
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Nigeria’s foreign reserves decline by $288 million in 11 days, currently stands at $28.782 billion–CBN
2016-01-13 | The Punch, page 29
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AMCON to sell majority stake in Peugeot Automobile Nigeria, seeks bids from prospective investors
2016-01-13 | The Punch
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CBN lifts ban of foreign currency deposits in commercial banks, ends foreign exchange sales to BDCs
2016-01-12 | This Day
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Nigeria’s economy to grow by 4.6% in 2016, up from 3.3% recorded in 2015 with oil prices stabilizing–World Bank
2016-01-12 | The Guardian
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Naira slumps to N285/$1 on the parallel market from N278/$1 recorded on 8 Jan 2016 as CBN ends forex sales to BDCs
2016-01-12 | The Punch
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FG to close down fuel stations selling PMS above the official pump price of N86.50
2016-01-12 | Businessday, page 4
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FG to close down fuel stations selling PMS above the official pump price of N86.50
2016-01-12 | Businessday, page 4
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Naira slumps to N285/$1 on the parallel market from N278/$1 recorded on 8 Jan 2016 as CBN ends forex sales to BDCs
2016-01-12 | The Punch
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Nigeria’s economy to grow by 4.6% in 2016, up from 3.3% recorded in 2015 with oil prices stabilizing–World Bank
2016-01-12 | The Guardian
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CBN lifts ban of foreign currency deposits in commercial banks, ends foreign exchange sales to BDCs
2016-01-12 | This Day
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Naira hits N278/$1 on parallel market as dollar shortage persists, Nigeria’s external reserves decline to $28.90 billion
2016-01-08 | The Punch
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Brent crude dips below $35 for first time in 12 years, trading at $33.45 on 7 Jan 2015
2016-01-08 | The Guardian
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National Assembly to reduce proposed oil benchmark for the 2016 budget to below $38
2016-01-08 | This Day
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MTN acquires Visafone, Nigeria’s largest CDMA operator, after months of negotiations
2016-01-07 | This Day
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NCC to develop framework to resuscitate CDMA operations and fixed line telecoms services in 2016
2016-01-07 | This Day
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IMF advocates for flexible exchange rate policy in Nigeria and an increase in VAT rate from the current 5% charged
2016-01-07 | The Punch
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Naira weakens further on the parallel market to N272/$1 despite CBN’s sale of $16 million to BDCs
2016-01-07 | This Day
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NBC targets 80% switchover from analogue to digital broadcasting by new deadline of 20 June 2017 set by ITU
2016-01-05 | Businessday, page 6
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Naira dips further against the dollar, falling to N265/$1 on the parallel market from N263/$1 recorded on 3 Jan 2015
2016-01-05 | The Punch
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Local refineries process 7 million barrels of crude oil between January 2015 and November 2015
2016-01-05 | The Guardian
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FDMQ OTC to list Islamic bonds on NSE this year in an effort to deepen the nation’s debt capital market
2016-01-05 | The Guardian
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