Nigeria on Thursday warned tens of thousands of people living along one of its main rivers to expect massive flooding as neighbouring Cameroon announced plans to release water from a dam. The National Emergency Management Agency (NEMA) said it had … read more
Nigeria’s central bank banned banks from taking foreign-currency cash deposits and will boost supply of dollars to moneychangers this week as it seeks to bolster the currency of Africa’s biggest oil producer and economy. Only wire transfers to and from … read more
International health officials are scrambling, without much success, to find meningitis C vaccines as an outbreak of the child-killing disease threatens to balloon into an epidemic. The first large-scale outbreak of the C strain in decades has already killed 800 … read more
Tanker owners fear more of their vessels could be barred from lifting crude oil in Nigeria, Intertanko told IHS Maritime today. “Operators are concerned that if a ship within a fleet has breached the regulations, other vessels in the same … read more
Nigerian commercial lenders listed hundreds of bad debtors in full-page newspaper adverts on Monday, under orders from the central bank aimed at avoiding a repeat of an industry bailout that cost the government $4 billion six years ago. The move … read more
President Muhammadu Buhari’s journey to the United States has continued to yield fruits as it emerged, yesterday, in Abuja, that the US may soon relax or completely lift its restriction on military assistance to Nigeria. The US had placed embargo … read more
What do Africa’s super-wealthy spend their money on? Much the same things that rich people around the the world do: cars, houses and champagne, according to a BBC Africa report on the shopping habits of rich Africans. Starting at the … read more
Nigeria’s army says it has rescued 178 people held by the Islamist militant group Boko Haram. It said the captives – more than 100 of them children – were liberated in northern Borno state, the heartland of the insurgency. The … read more
Mojeed Jamiu is cutting jobs and raising prices to prevent his furniture and clothing store in Lagos from closing after Central Bank of Nigeria Governor Godwin Emefiele restricted foreign currency supply for some imports. Emefiele in June banned importers from … read more
Millions of Nigerians are complaining as petrol sells above N110 and queues by motorists continue to grow across the country. This is against an official price of N87 per litre as the Federal Government subsidises Premium Motor Spirit (petrol) with … read more