Economy
With Tumbling Oil Price, Nigeria May Turn Inwards for Market
The slump in crude oil prices in the global market has fuelled the need for Nigeria to stop crude oil...
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Nigeria’s inflation rises to 12.26% in March – NBS
Inflation rate in Nigeria rose to 12.26 percent in March from the 12.20 percent recorded in February, 2020. The consumer...
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After N810bn gain, stock market records marginal loss
Transactions on the floor of the Nigerian Stock Exchange on Monday recorded a marginal loss to commence the weekly trading...
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Local airlines in dire straits as losses hit N360 billion
The current restriction of both local and foreign commercial flight services has forced domestic carriers into financial distress as cumulative...
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ABCON urges CBN on special window to boost capital inflow
The Association of Bureaux De Change Operators of Nigeria (ABCON) has advised the Central Bank of Nigeria (CBN) to establish...
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Brent crude crashes to $25, US oil falls below $1
The international oil benchmark, Brent crude, fell to $26 per barrel on Monday, as the demand collapse triggered by the...
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Concerns Mount as COVID-19 Cases Rise Sharply by 86 to 627
•170 discharged, 21 dead •Private sector coalition to distribute N23bn food to 10m Nigerians •To unveil strategies to defeat pandemic...
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Petrol subsidy removal, a game-changer — LCCI
The Lagos Chamber of Commerce and Industry has said the decision by the Nigerian National Petroleum Corporation to put an...
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Nigeria, others need $114bn to fight COVID-19, says IMF
Nigeria and other African countries need an estimated $114bn to fund the campaign against the outbreak of the coronavirus disease...
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Private sector raises N25.893bn to support COVID-19 fight
The Private Sector Coalition Against COVID-19, a special purpose vehicle created by the Central Bank of Nigeria (CBN) to mobilise...
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VIPs, hospitals’ disregard for NCDC rules worries govt
• FG threatens to close private hospitals treating the rich, others • Patients’ refusal to disclose travel history endangers our...
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FIRS Revises Q1 Revenue Collections to N1.20tn
Federal Inland Revenue Service (FIRS) yesterday revised its total collections for the first quarter (Q1) of 2020) from N1.11 trillion...
Read moreFG, oil marketers disagree over petrol pricing regime
Efforts by the Federal Government to tinker with the petrol pricing regime by option for pricing modulation may trigger a...
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OPEC expects recovery in Q4, fall in demand to 19.73 mil b/d in Q2
OPEC is banking on global oil demand recovering by more than 10 million b/d from the second quarter to the...
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Flour Mills redeems N1b pledge
Flour Mills of Nigeria (FMN) Plc announced on Thursday that it has activated its action plan to support the Federal...
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FG to Raise N60bn through Bond Auction
The Debt Management Office (DMO) on behalf of the federal government is set to raise N60 billion through the FGN...
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Sanwo-Olu approves three-month moratorium on MSMES N2.8b loan
The three months moratorium on loans to Micro, Small and Medium Enterprises (MSMEs) granted by Lagos State Governor Babajide Sanwo-Olu...
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‘Nigeria, others facing unprecedented threat to trade, development’
Nigeria and other sub-Saharan African (SSA) countries are facing an unprecedented health and economic crisis that threatens to throw the...
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IMF to Nigeria: deploy $3.5b loan to healthcare, education funding
The International Monetary Fund (IMF) has advised Nigeria to deploy the $3.5 billion emergency loan being processed for the country...
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Oil firms’ N4.58tn loan repayment under threat – Investigation
The coronavirus-induced sharp fall in global oil prices poses a threat to the ability of oil and gas companies in...
Read moreStock market index rises further by 2.32% despite lockdown extension
Despite government’s decision to extend the lockdown in Lagos, Abuja and Ogun states by additional 14 days, the Nigerian equities...
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‘Gold may be safe haven for investors’
Investing in gold-based Exchange Traded Fund (ETF) will provide investors with much-needed hedge and safety in this uncertain period of Covid-19...
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WTO Predicts 32% Plunge in Global Trade in 2020
World trade is expected to fall by between 13 per cent and 32 per cent in 2020 as the COVID-...
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Mixed reactions trail Buhari’s economic policy directive to ministers
President Muhammadu Buhari yesterday directed key ministers in the nation’s economic space to collaborate and come up with a comprehensive...
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Stock market index rises further by 2.32% despite lockdown extension
Despite government’s decision to extend the lockdown in Lagos, Abuja and Ogun states by additional 14 days, the Nigerian equities...
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