April 13, 2021
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November 5, 2019

How Abba Kyari Manipulated Buhari To Act Against Osinbajo

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PREMIUM TIMES EXCLUSIVE When Vice-President Yemi Osinbajo wrote to President Muhammadu Buhari seeking approval for funds to continue his role in resolving the deadly farmers-herdsmen conflict earlier this year, he did so with little awareness that a middleman would intercept it, moderate it and ultimately discard his role altogether. Yet, that was exactly what...

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November 5, 2019

How Nigeria’s Diversifying Economy To Reduce Dependence On Oil ~ Osinbajo

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Nigeria is currently making efforts to diversify its economy, focusing mainly on the agriculture, mining, solid minerals and manufacturing sectors, West Africa’s country’s Vice President Yemi Osinbajo has said. Osinbajo stated this on Tuesday when he received the Nicaraguan Minister of Foreign Affairs, Denis Moncada Colindres, and the Nicaraguan Minister for Special Delegation of...

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November 5, 2019

Nigeria Spends $1.09 Bln On Debt Service In 9-Month~CBN

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Nigeria spent $1.09 billion on debt servicing in the first nine months of this year, compared with $1.28 billion spent in the corresponding period of last year, a new report by the Central Bank of Nigeria (CBN) has shown. The international payment data by the CBN showed that the debt service expenses are mainly...

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November 4, 2019

Nigeria’s Oil Firm NNPC To Build Two New Condensate Refineries

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The Nigerian National Petroleum Corporation (NNPC) plans to build two new 200,000 barrels-per-day capacity condensate refineries to boost fuel supply in the country and position Nigeria as an exporter of refined product, chief executive of the corporation said on Monday. Unlike the conventional refineries, condensate refineries primarily refine condensate, not crude oil. They often...

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October 30, 2019

Supreme Court Dismisses Atiku’s Appeal, Affirms Buhari’s Election

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The Supreme Court on Wednesday dismissed the appeal filed by the Peoples Democratic Party (PDP) and its presidential candidate, Atiku Abubakar, challenging the victory of President Muhammadu Buhari in the February 23, 2019 presidential election. The Chief Justice of Nigeria, Justice Tanko Muhammad, who led six other members of the apex court’s panel, delivered...

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October 30, 2019

Dangote Petrochemical Refinery To Start Operating In Early 2021

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Nigeria’s Dangote Petrochemical Refinery, which is being built privately by Africa’s richest man, is scheduled to be at full capacity operations by the middle of 2021. The refinery in Lagos will be ready for commissioning at the beginning of 2021, with full capacity reached by the end of the first half of the year,...

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October 29, 2019

Nigerian Customs Seize 32 Containers Of Expired Rice

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Officers of the Nigeria Customs Service on Tuesday impounded 32 containers of expired rice imported through the Tincan Port, Apapa in Lagos The rice, which had expired since 2018, were imported from China and Thailand and were about to be smuggled into the Nigerian market. Hameed Ali, the Controller General of Customs, while inspecting...

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October 29, 2019

African Export-Import Bank Delays IPO Over Unfavorable Markets

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African Export-Import Bank has postponed an Initial Public Offering (IPO) on the London Stock Exchange until equity markets improve. “Despite significant interest in the bank from investors, in light of unfavorable market conditions, it has decided to postpone the proposed initial public offering at this time,” the Cairo-based lender said in a statement Tuesday....

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October 28, 2019

Nigeria’s Unemployment Situation Frightening —AfDB

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The African Development Bank on Monday said the unemployment situation in Nigeria was ‘frightening’ and could become ‘catastrophic’ if decent jobs are not created for the country’s youth population. The AfDB made the observation at the regional presentation of a report entitled, ‘Creating decent jobs: Strategies, policies and instruments’, at its office in Abuja....

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