By Collins Olayinka, Abuja29 June 2020 The Ministerial Council of African Petroleum Producers’ Organisation (APPO) decided at its 38th session on the 15th June 2020 to move the temporary headquarters of the organisation from Abuja, Nigeria […]
A small-scale miner in Tanzania has become an overnight millionaire after selling two rough Tanzanite stones – the biggest ever find in the country. Saniniu Laizer earned £2.4m ($3.4m) from the country’s mining ministry for […]
The World Bank has approved $750m International Development Association credit for Nigeria’s Power Sector Recovery Operation to improve electricity supply. In a statement on Tuesday, the World Bank said the loan was for the power sector […]
The novel coronavirus outbreak has a severe impact on the livelihood of households and business activities resulting to drop in global demand for goods and services, declined consumer confidence, and a slowdown in production among […]
The Nigerian Government has announced plans to resume domestic commercial flight operations on June 21. This was part of measures to ease the lockdown put in place to curb the spread of Covid 19 virus […]
BMW on Wednesday unveiled the face-lifted 5 and 6 Series models in South Korea to show its “strong and unwavering” commitment to the Northeast Asian market due to robust demand for its models. The German carmaker held a […]
The immediate financial relief for the states will include the acceleration of an existing programme to enable disbursement by the end of September. The World Bank has got a proposal of 1.5 billion dollars to […]
Plans are ongoing by the Federal Government to review the 2020 budget to reflect an oil benchmark of $20 per barrel. A report by Reuters quoted the Minister of Finance, Budget and National Planning Minister, […]
The Presidency Tuesday reiterated that the latest Abacha loot will be deployed to facilitate construction works on Lagos to Ibadan Expressway in the South-West, Abuja to Kano road in the north and second Niger Bridge in […]
As the Federal Government begins a gradual easing of the 5-week old lockdown that saw most business premises and offices closed across various states in the country, Nigerians including staff of various organisations are rather perplexed […]
The Central Bank of Nigeria (CBN) and the bankers committee have agreed to suspend lay-offs in banks across the federation. This agreement was reached at a special meeting of the Bankers’ Committee which was convened […]
Nigeria’s pride as a leading crude oil producing nation in t.he world is fast fading way in sublime manner with panic button already triggered off in both the country’s seat of power and within the private […]
Impact of the crude oil prices, which had been fluctuating, and fell to as low as $21, had also been taking its toll on the strength of the naira. The United States dollar sold for […]
Former Minister of Finance, Ngozi Okonjo-Iweala, has called for the restructuring of Nigeria’s economy in the face of dwindling oil prices. Okonjo-Iweala gave the advice on Thursday when she appeared on Channels TV’s Business Morning. According to […]
US oil prices dived to 22-year lows at just $11 Monday after crashing almost 40 percent in a market flooded with crude and slammed by evaporating demand in the face of the coronavirus pandemic. Just […]
Copyright © All rights reserved
