IN THE NEWS

Daily Watch – Inflation flirts with 2-year high, Nigeria loses big to oil theft

Nigeria’s state oil company and its joint venture partners have spent $360 million on cleaning up the Niger Delta oil heartland in the past two years, the Nigerian National Petroleum Corporation (NNPC) said on Monday, but locals said little work had been done. Nigeria is Africa’s biggest crude oil exporter. Oil sales account for around 90% of its foreign currency earnings but oil spills in the southern Niger Delta region have caused pollution and angered locals. Royal Dutch Shell Plc was forced out of Ogoniland in 1993 by campaigners led by activist Ken Saro-Wiwa, after they said the oil company had destroyed their fishing environment. Saro-Wiwa was later hanged by the military government, prompting international outrage. A 2011 United Nations report warned of catastrophic pollution in soil and water in Ogoniland. It said Shell and Nigeria’s government needed to address the problems. In 2015 Shell accepted responsibility for operational faults that caused two spills in 2008 and paid a settlement of 55 million pounds to villagers and since then has said it has taken steps to improve the situation in the area, including training youths to start-up businesses and funding community patrols to reduce pollution by vandals stealing oil. A ...
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NEWS

Daily Watch – Inflation flirts with 2-year high, Nigeria loses big to oil theft

Nigeria’s state oil company and its joint venture partners have ...
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Daily Watch – National security tussle intensifies, Courts halt INEC’s deregistration

Data from the Advisory Power Team in the Office of ...
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Daily Watch – FG removes duties on same-owner transfers, Palm import rises as border closure bites

Data from Malaysian Palm Oil Council has shown that the ...
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Daily Watch – Supreme Court yanks Lyon, Crisis turns Cameroon trickle into a flood

The Supreme Court on Thursday nullified the election of Bayelsa ...
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Daily Watch – NSE takes final IPO steps, PMI growth track slows

Nigeria is considering a Eurobond sale of between $2.8 billion ...
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Daily Watch – CBN restricts forex on milk importation to 6 big boys, Nigeria, South Africa clash over AU position

One of South Africa's top trade negotiators has emerged as ...
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Daily Watch – Terrorists burn passengers to death, ECOWAS to investigate border closure

West African countries have agreed to conduct an investigation into ...
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Daily Watch – FG faces labour opposition over CPS designs, CDC investigates ‘unknown’ Benue disease

The Nigeria Centre for Disease Control said it is investigating ...
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Daily Watch – INEC prunes political parties, Mobile users to endure new restrictions

There are indications that network subscribers in Nigeria may no ...
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Daily Watch – Govt weapons help fuel Pastoral Conflict, Dangote Tomato comes back online

Nigeria expects its mining sector to account for 3% of ...
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Daily Watch – Reps reject China coronavirus repatriations, Gokada suffers major employee sweep

The federal government has introduced a multiple-entry, multi-year visa for ...
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Daily Watch – Interest rates head towards all-time low, FG sues Kebbi farmers

A Nigerian airline has launched daily flights between the capital, ...
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Daily Watch – Rail to see cargo boost, IFC downgrades Nigeria on investment

The International Finance Corporation has announced the downgrade of Nigeria ...
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Daily Watch – FG issues China travel advisory, Fintech is FDI’s hot magnet

The Debt Management Office said Nigeria’s debt to the World ...
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FG moots new seaports, Coronavirus fears spark Abuja supermarket closure

Spot demand was slim owing to the Chinese New Year ...
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Daily Watch – Boko Haram surprises Buhari, FG tosses fire into NDDC melee

Nigeria had no warning from Washington that it could be ...
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Daily Watch – Banks cut lending rate to woo more borrowers, Lagos hits Gokada & OPay

Tomato Jos, an agricultural production company, says it has “commenced” ...
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Daily Watch – Lassa outbreak spreads, Investors flee Nigerian stocks

The CBN held its benchmark interest rate at 13.5%, governor ...
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Daily Watch – MMIA traffic goes up, Malami insists on illegality of Amotekun

The Attorney-General of the Federation and Minister of Justice, Abubakar ...
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Daily Watch – Shell declares force majeure, Nigeria to lift ban on Zamfara mining

Seven soldiers were killed on Tuesday when Islamic State-affiliated jihadists ...
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Daily Watch – VAT exemptions list released, Amotekun stokes ethnic passions

The FG has exempted about 20 basic food items and ...
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Daily Watch – UN confirms Boko Haram attack, CBN tries to reinvigorate e-payments

The Lagos-Ibadan standard gauge rail line will no longer be ...
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Daily Watch – Buhari insists borders remain shut, Boko Haram attacks transmission lines

Data from the National Bureau of Statistics showed that Nigeria’s ...
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Daily Watch – Nigeria’s crude production declines, Rice production rises

The Miyetti Allah Kautal Hore has asked governors in south-west ...
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