President Muhammadu Buhari has given the nation’s central bank the go-ahead to introduce flexibility in the naira exchange rate, his spokesman said. “The president is opposed to devaluing the naira, he has said so repeatedly,” Buhari’s spokesman, Garba Shehu, said … read more
Recent attacks on oil pipelines by militants in the Niger Delta region caused Nigeria’s crude oil and condensate production to drop by almost 50 per cent from the start of 2016 to around 1.1 million barrels per day (bpd), an … read more
British Airways, Monday, denied reports that it was pulling out of Nigeria due to the operating environment. There had been reports quoting Mr Kola Olayinka, Country Manager British Airways, as saying that the “U.K. carrier is struggling to repatriate its … read more
Emirates flight EK 262 from Sao Paulo, Brazil to Dubai, United Arab Emirates, made an emergency landing in Lagos at the weekend due to the deteriorating health condition of a cocaine trafficker. Screening by anti-narcotic officials found four passengers, who … read more
President Muhammadu Buhari has called for an end to all forms child abuse, including forced early marriage and exploitation. The President made this plea yesterday during the National Children’s Day Celebration held at the Eagle Square, Abuja. The president, who … read more
Nigerian President Muhammadu Buhari ruled out currency devaluation and said he plans to hold talks with leaders in the Niger River delta as attacks on oil installations sap the nation’s economy. The government has “resolved to keep the naira steady,” … read more
British Airways is evaluating its routes to Nigeria, adding to aviation-industry pressure on the government as sister carrier Iberia and U.S. competitor United Airlines halt flights to the oil-based market as traffic stutters and currency controls delay access to revenue. … read more
The Niger Delta Avengers have attacked again. After community leaders expressed support for the militants’ third attack this month in the oil-rich but desperately poor region, fears grow that oil production will suffer. The Niger Delta Avengers (NDA) claimed responsibility … read more
The Niger Delta Avengers militant group said on Friday they had blown up a large gas and crude pipeline operated by the state-run Nigerian National Petroleum Company near the town of Warri and protected by soldiers. “At 11:45pm on Thursday … read more
Chicago-based United Airlines is the latest casualty of Nigeria’s economic slowdown as the company has announced that it will stop flights to the country after June 30th. A United spokesman cited a “downturn in the energy sector” as well as … read more