PM News Nigeria

Deepak Khilnani outlines investment plan in Nigerian energy sector


Chairman of Cummins Cogeneration and CEO of Powergas Africa, Mr Deepak Khilnani, has reiterated the group’s confidence in the Nigerian energy sector and laid out some of their key investment plans for the next three years. Speaking at a Cummins event co-hosted with the UK Department for International Trade, the Chairman stated, “I am very […]

Nigeria will come out of recession stronger in 2017— LCCI

Chief (Mrs) Nike Akande, President LCCI

The President, Lagos Chamber of Commerce and Industry (LCCI), Dr Nike Akande, has predicted that Nigeria will surmount its economic woes and come out of the recession stronger in 2017. Akande said this on the sidelines of the LCCI 128th Annual General Meeting (AGM) dinner in Lagos. She said that Nigeria, as the giant of […]

Buhari says Nigeria’s break-up unthinkable, not possible

President Muhammadu Buhari

President Muhammadu Buhari has reiterated the essence of the unity of Nigeria, urging those contemplating its break-up to have a rethink. The President said this at a meeting with the Council of South-East Traditional Rulers at the State House, Abuja, on Thursday. In a statement issued by Malam Garba Shehu, the President’s Senior Special Assistant […]

Nigeria is sinking under Buhari-Soyinka

Buhari and Soyinka

Nobel laureate, Prof. Wole Soyinka on Thursday lamented that Nigeria is sinking under the government of President Muhammadu Buhari as he has failed to deliver on his promises. Soyinka, who spoke in Johannesburg, South Africa, according to Punch, which quoted AFP, said he was not surprised that Buhari had lost popularity just 18 months into […]

Nigeria, Morocco set to deepen bilateral trade

High cost of goods in the market, low sales

Nigeria and Kingdom of Morocco are set to improve bilateral trade relations to boost intra-Africa trade volume. Mr Laoye Jaiyeola, Chief Executive Officer, Nigerian Economic Summit Group (NESG), said on Thursday that public and private sectors of both countries would collaborate to leverage on opportunities for sustainable economic growth. He said this in Lagos during […]

OPEC exempts Nigeria from 1.2mb/d production cut


After seven hours of deliberation, the Organisation of Petroleum Exporting Countries (OPEC) has agreed to reduce oil production by around 1.2 million barrels per day from January 1, 2017. However, Nigeria and Libya were exempted from the cut, while Indonesia suspended its membership after refusing to agree to the deal. Qatar’s Minister of Energy and […]

FIFA Rankings: Nigeria moves up, now world 50th


Nigeria’s Super Eagles have moved 10 places up in the November FIFA World ranking to 50th. In the rankings on the website of the world football governing body on Thursday, Nigeria is now placed joint 50th with Burkina Faso and Slovenia. Nigeria garnered 616 points for the month of November after defeating Algeria 3-1 in […]

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