October 2018

30 October 2018
This Day
Assessing Nigeria’s gains from OPEC output deal
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, recently gave an account of how a 2016 oil production cut exemption granted Nigeria by the Organisation of Petroleum Exporting Countries was beneficial to the country…

World Politics Review
‘Year of the Debacle’: How Nigeria Lost Its Way in the War Against Boko Haram
Lirfa Dashe, a lieutenant in the Nigerian army, was due to get married this month. Instead he is buried in the cemetery of Mai Malari barracks, alongside other soldiers killed in the seemingly endless conflict against the jihadist insurgency of Boko Haram…

29 October 2018
Bloomberg
Nigeria heads to sea in search of safer future for oil producers
By early next year, the largest offshore production vessel ever delivered to Nigeria will start pumping crude from a deposit deep beneath the seabed, boosting the West African country’s oil output by about 10 percent. The project, viewed as the most ambitious in Nigeria’s history, could help to push production to a record by 2022…

28 October 2018
AFP
Nigeria and Benin make a new break for the border
Nigeria’s southwestern border with Benin is notoriously chaotic. Travellers and traders battle corrupt officials, hawkers and buzzing moto-taxis just to get to the other side…

16 October 2018
Quartz
Red Cross nurse executed by Boko Haram
Just as Nigerians were beginning to believe the worst was starting to get behind them, the terrorist group Boko Haram issued a chilling reminder of its potency…

15 October 2018
BusinessDay
Nigeria risks deeper financial crisis over new $2.8bn debt, minimum wage hike
Nigeria’s plan to raise a $2.86 billion Eurobond and simultaneously raise minimum wage could lead to a significant deterioration in the country’s financial position unless it is able to raise revenues…

ThisDay
Petrol subsidy to exceed $3.85bn estimate, says report
A bi-monthly update report on the state of Nigeria’s economy prepared by Lagos-based economic research and analyses firm, Financial Derivatives Company (FDC), has disclosed that with the rising prices of crude oil at the international market, petrol subsidy will exceed $3.85 billion initial estimate by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu…

9 October 2018
Financial Times
Nigeria’s fuel subsidies bill set to soar on rising oil price
Rising crude oil prices are set to send Nigeria’s bill for fuel subsidies rocketing, threatening to exacerbate the already precarious economic situation of Africa’s largest oil producer as it heads into election season…

8 October 2018
Bloomberg
Experience trumps youth in battle for Nigerian presidency
The election to lead Nigeria, Africa’s most populous and one of its most youthful nations, will come down to a battle between a pair of experienced septuagenarians: President Muhammadu Buhari and businessman-cum-politician Atiku Abubakar…

2 October 2018
Bloomberg
Mini-refineries race billionaire to fix Nigerian fuel crisis
In the race to solve a fuel-import crisis in Nigeria, Africa’s richest person faces competition from a swarm of tiny challengers…