Economy
Oil falls to $32 as OPEC+ postpones meeting
The international oil benchmark, Brent crude, fell on Monday after Saudi Arabia and Russia postponed a meeting to discuss output...
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Diesel, kerosene prices fail to drop despite oil crash
The pump prices of diesel and kerosene in Nigeria have yet to reflect the collapse of global crude oil prices...
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AfDB Lists $3bn Social Bond on LSE
The African Development Bank’s (AfDB) “Fight Covid-19” social bond, the largest social bond to date to be issued in the...
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Report Forecasts 20% Drop in Diaspora Remittances
A Pan-African credit rating agency, Agusto & Co, has predicted a 20 per cent drop in Diaspora remittances to Nigeria...
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Banks review card spending abroad as dollar earnings dip
BANKS are adjusting the value and volume of transactions customers can do with their debit cards abroad as Nigeria’s dollar...
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FBNQuest assets under management hit N220b
FBNQuest Asset Management, a subsidiary of FBN Holdings, has offered investors expert guidance on investing opportunities. The firm, which has...
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Equity market extends weekly downtrend by 3.51%
Following rising cases of coronavirus in Nigeria, the domestic bourse on Friday recorded further extended weekly decline as the NSE...
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Mixed reactions over epileptic power supply during lockdown
• Technical Hitches Ground SO Website, TCN Restores Platform • ‘We Cancelled Wedding, Restrict Guests To Beat Lockdown’ Some...
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COVID-19: UN donates medical equipment to Nigeria
The United Nations has donated €80,000 (N32.5m) worth of medical equipment and supplies to Nigeria to assist in the fight...
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COVID-19: FRSC Orders Transport Operators to Use Manifest
In its bid to mitigate the spread of corona virus amongst passengers, the Federal Road Safety Corps has ordered all...
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Contributions to COVID-19 relief fund hit N19.4bn — CBN
Monetary contributions to the account set up at the Central Bank of Nigeria under the Private Sector Coalition Against COVID-19...
Read moreReprieve for Nigeria as oil stays above $31 on hopes of OPEC+ meeting Monday
Oil is trading above $31 a barrel in London Friday, reversing earlier declines, as OPEC+ scheduled an urgent meeting next...
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Foreign reserves shed $3.02bn in three months
The country’s foreign reserves have continued its downward trend dropping by $3.02bn from $38.53bn on January 2, 2020 to $35.51bn...
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Coronavirus: Osinbajo inaugurates economic committee
Vice President Yemi Osinbajo has inaugurated the Federal government Economic Sustainability Committee focused on developing sustainable response to the economic...
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SEC insists disclosures must go on despite Covid-19
Securities and Exchange Commission, (SEC) has reiterated that all public companies must continue to make appropriate disclosures regardless of the...
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FirstBank donates N1b against COVID-19
FirstBank Plc has announced its donation of N1 billion towards the joint effort by the Nigerian Private Sector Coalition Against...
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ILO to G20: support workers, jobs
The Director-General, International Labour Organisation (ILO), Guy Ryder, has called on G20 countries to protect people, jobs, income and enterprises...
Read moreMarketers give terms for selling petrol at N123.50k
• Govt must make them comply, says chamber • ‘Nigeria earns $32.63b from oil, gas in 2018’ The Independent...
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Oil price falls to $24, oversupply fears grow
The international oil price benchmark, Brent crude, slid further on Wednesday, as a bigger-than-expected rise in United States inventories and...
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Local airline loses N2.1 billion in three weeks
A major local airline has lost as much as N2.1 billion in the last three weeks over flight disruption occasioned...
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FG reviews lockdown as COVID-19 cases rise by 35
The Federal Government has relaxed total lockdown it imposed on the Federal Capital Territory, Lagos and Ogun states to curb...
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Nigeria’s total public debt rises to N27.4tn –DMO
The Federal Government and the 36 states, as well as the Federal Capital Territory, owed a total N27.4tn as of...
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SMEDAN Grants Three Months Moratorium to Loan Beneficiaries
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has granted a three-month moratorium to beneficiaries of its One...
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Virus crisis forces UK banks to axe billions in payouts
Britain’s banking sector on Wednesday scrapped billions of pounds (dollars) in shareholder dividends and share buybacks after the Bank of...
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Nigeria records 23 new cases of COVID-19, total now 174
Nigeria has recorded 23 new cases of coronavirus, bringing the total number of infections in the country to 174. The...
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