Oil Sector Draws $5m Foreign Investment in Q2 Efforts of the government to bring in investors to Nigeria’s oil and gas sector appear not to have yielded the desired result as the sector only attracted $5m foreign investment in the second quarter of the year,...

MWFAAN Engages Presidential Aide Over Legacy Conference In effort to galvanize stakeholders for her forthcoming Legacy Conference, the Mandela Washington Fellowship Alumni Association of Nigeria (MWFAAN) paid a courtesy visit to Rinsola Abiola, Senior Special Assistant to President Bola Ahmed Tinubu on Citizenship and Leadership. The...

Nigeria Unveils 150 million-litre Jet Fuel Depot The Minister of Aviation and Aerospace Development, Festus Keyamo, has unveiled the Joint User Hydrant Installation 2 (JUHI-2) with a storage capacity of 150 million litres of Jet A1 fuel. The facility is described as the largest airside jet...

Inflation Pushes 129 million Nigerians into Poverty – World Bank Report The World Bank has released the Nigeria Development Update report, stating that over 129 million Nigerians are currently trapped in poverty. It released the report on Thursday in Abuja as headline inflation rises, forcing millions...

After IMTOs Engagement, Remittances Rose to Almost $600m in September – Cardoso The Central Bank of Nigeria (CBN) says remittance inflows rose to almost $600 million as of the end of September. Olayemi Cardoso, CBN governor, announced at a special summit dinner organised by the Nigerian...

World Bank Reveals Why Nigeria Should Continue Current Economic Reforms The World Bank has urged the federal government not to reverse the ongoing economic reforms, warning that it may have negative implications for the country. Removal of fuel subsidy and abolishing multiple foreign exchange systems were...