First it was falling oil prices that plagued Nigeria, then came inflation, power shortages, and a humanitarian crisis in the north. “Suddenly, we’re a poor country,” Nigerian President Muhammadu Buhari said Thursday in Abuja, the nation’s capital. “Before we came … read more
When Nigeria’s President Muhammadu Buhari told a visiting UN delegation hat “suddenly we are a poor country”, people knew what he meant. While he was speaking, local media was awash with reports of more economic woes – four blue-chip companies … read more
Nigeria’s president Muhammadu Buhari has admitted to UN officials that his country is broke and facing a tough economic situation. He was speaking on Friday during a visit to Abuja by the United Nations Population Fund Executive Director and Under-Secretary … read more
There appears to be yet a new player in the violence in the attacks on the oil infrastructure in the Niger Delta, and if you’re finding it hard to keep track of all the militant activity involving oil in Nigeria, … read more
Nigeria’s largest electricity companies will shut down power supplies unless the government pays longstanding bills it owes them and improves gas supplies, a joint statement said on Wednesday. In 2013, Nigeria — famous for blackouts — started selling parts of … read more
Protesters blocked the entrance to a Chevron oil facility in Nigeria’s restive Niger Delta on Wednesday, demanding jobs and housing, a protest leader said. “Chevron has not fulfilled many of its promises,” said Collins Edema, a youth and protest leader … read more
South Africa’s economy has beaten that of Nigeria to become the continent’s largest in dollar terms. The ‘rainbow nation’ regains a title it lost more than two years to Africa’s most populous nation. The new estimates according to Bloomberg, were … read more
Nigeria’s Vice President Yemi Osinbajo says Government will ensure effective implementation of anti-tobacco laws and policies in the country. Osinbajo made the promise at the Presidential Villa, Abuja, while receiving leaders of anti-tobacco organisations in the country. He hinted that … read more
Nigeria’s central bank intervened on the interbank foreign exchange market on Tuesday to help support the naira after it hit an all-time low of 350 to the dollar in thin volume, traders said. The naira closed at 310.50 to the … read more
Although a thriving sex trafficking industry has been operating between Nigeria and Italy for over three decades, there has been a marked increase in the numbers of unaccompanied Nigerian women arriving in Italy on migrant boats from Libya • UN … read more