Economy
Oil rises to $38 as OPEC+ discusses production cut extension
The Organisation of Petroleum Exporting Countries and its allies led by Russia are moving closer to a compromise on extending...
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Lagos, Osun, Kwara retain ban on religious centres
• Task force issues more guidelines, encourages worship at home • 812 healthcare workers infected with COVID-19, says NCDC ...
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Revised budget: FG gives National Assembly N27bn for renovation, cuts health, UBE votes
The Federal Government has reduced the N37bn budget for the renovation of the National Assembly complex to N27.7bn. The...
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FIRS mulls charges on ATMs, WhatsApp
The Federal Inland Revenue Service (FIRS) says Nigerians will pay stamp duties on WhatsApp messages, SMS, and messages via any...
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Nigeria Loses N160bn to OPEC Production Cut
Nigeria is projected to have lost over N160 billion in deferred revenue to a cut in the daily crude oil...
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Marketers vow to comply as FG announces new fuel price
As the federal government on Monday announced a new pump price band for Premium Motor Spirit (petrol) from N125.50/N123.50 per...
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Buhari Relaxes Restrictions on Churches, Mosques, Banks, Hotels
•Maintains closure of schools, reopens airports to domestic flights June 21 •Curfew now 10 pm to 4 am, retains interstate...
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FMDQ lists Flour Mills’ N30bn commercial papers
FMDQ Securities Exchange Limited has announced the approval of the quotation of the Flour Mills of Nigeria Plc N10bn Series...
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Stock market resumes June trading upbeat, as index rises 0.19%
Following gains recorded by most blue-chip stocks, the Nigerian Stock Exchange (NSE) resumed trading for the month of June, upbeat,...
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COVID-19: States to handle cases, NMA demands compliance from churches, mosques
• PTF says Nigeria approaching phase two, cases pass 10,000 • Buhari to decide on curfew, churches, mosques’ reopening today...
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Government moves for $10 oil production cost
Loses 2.9 million barrels in two months Though Nigeria’s cost of oil production is currently above $20 per barrel,...
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Stockbrokers rally support for investment in sukuk
Worried about the emerging reality of global COVID-19 pandemic and the need to grow the economy, the Chartered Institute of...
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CBN gives banks 24hrs to reverse ATM ‘failure’
The Central Bank of Nigeria (CBN), has revised timelines for reversals and/or resolution of refund complaints on electronic channels. The...
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Seplat pays $59m dividend to shareholders
Seplat Petroleum Development Company Plc has said its shareholders will receive $59m dividend payment, translating to 10 cents per share....
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Pulling the Rate Cut Trigger in Pandemic Battle
The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) last week caught market analysts off guard as it slashed...
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Equities trading yields N32bn gain for investors
The equities market sustained a positive performance at the close of last week as the All-Share Index gained 0.3 per...
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15 African leaders back Adesina, call for caution on AfDB processes
Fifteen leaders of the African Union (AU), all of them former heads of states of their respective countries, have jointly...
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Nigeria records 387 new cases of COVID-19, total now 9302
The Nigeria Centre for Disease Control (NCDC) has confirmed 387 new cases of COVID-19 in Nigeria. According to a tweet...
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Sokoto banditry: Tambuwal briefs Buhari in Aso Rock
Sokoto State Governor Aminu Waziri Tambuwal, yesterday, briefed President Muhammadu Buhari on the security situation in the state, especially the...
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COVID-19: FG raises alarm over fake rapid test kits
EFFORTS by the Federal Government to speed up testing for COVID-19 may have suffered a set- back after four units...
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Trump ‘terminates relationship’ with WHO
US President Donald Trump on Friday said he was severing ties with the World Health Organization, signalling the end of...
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Buhari writes National Assembly, seeks $5.5bn fresh loan
The Senate on Thursday justified the $5.513 fresh external loan request from the President, Major General Muhammadu Buhari (retd.), insisting...
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FG Moves to Save Adesina’s Job, Rejects Fresh Investigation
The federal government has intervened to checkmate a plot by the United States and other non-African shareholders of the African...
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External borrowings to rescue as Senate cuts 2020 budget to N10.509 trillion
The Federal Government yesterday changed the earlier plan of drastically slashing the 2020 passed budget of N10.594trillion to N9trillion by...
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Lagos, Abuja, Port Harcourt, Kano airports to reopen in ‘few days’
Major airports in the country will in the “next few days” roar into life after weeks of inactivity caused by...
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