1st Federal government promulgates Custom & Excise etc. (Miscellaneous Provisions) Decree 1992, which gives legal backing to the relief package on inflation.

2nd General Babangida Commissions the Multi-Million Naira Headquar­ters, 82 Division of the Nigerian Army, Enugu.

8th Nigeria and Spain sign sales agreement on Liquefied Natural Gas (LNG).

9th President, Frederick De Klerk, visits Nigeria, as the first South African President to visit Nigeria.

– General Babangida gives N25 million to each Federal University in Nigeria.

– Federal Government orders the immediate closure of Concord Press Nigeria Limited.

24th The Concord Press re-opens for business after the publisher, Chief M. K. O. Abiola tendered a hand-written letter of apology to President Babangida.