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Petrol sold above N130 in 17 states, says NBS
Despite the reduction in the price of petrol to N125 per litre, the product was sold above N130 per litre...
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NCC explains data depletion during lockdown
The Nigerian Communications Commission (NCC), has explained why telecoms consumers are witnessing faster data depletion since the beginning of the...
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Global trade may slump by 32% amid COVID-19 shutdowns
The global economy and world trade are being battered by the widespread and comprehensive measures to limit the spread of...
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IMF advises banks to suspend dividend payment
The International Monetary Fund has advised commercial banks to retain their earnings by suspending payment of shareholders’ dividends during the...
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Nigeria attracted $5.85bn capital inflows in Q1, 2020
The National Bureau of Statistics (NBS) on Tuesday reported that Nigeria attracted $5.85 billion capital importation in the first quarter...
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WHO suspends COVID-19 chloroquine treatment trial
A FEW weeks into solidarity trial of hydroxychloroquine for the treatment of COVID-19, the World Health Organisation (WHO) has suspended...
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PenCom plans investments diversification post-COVID-19
As the Coronavirus (COVID-19) pandemic continues to ravage economies globally and impacting businesses negatively, the National Pension Commission (PenCom), said...
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Petrol price may increase as Brent stabilises around $35/barrel
Brent, the oil against which Nigeria’s crude is priced, has hovered around $35 per barrel for about one week, raising...
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Lagos working with Fed Govt on schools reopening
THE Lagos State government is working out modalities for the resumption of schools after the ongoing lockdown of some sectors...
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Nigeria’s GDP rose by 1.87% in Q1 – NBS
Nigeria’s Gross Domestic Product grew by 1.87 per cent (year-on-year) in real terms in the first quarter of 2020. ...
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Pantami, Dabiri-Erewa Squabble over Office Space
Minister of Communications and Digital Economy, Dr. Ali Pantami, and the Chairman of the Nigerians in Diaspora Commission (NIDCOM), Hon....
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Buhari Laments Rising COVID-19 Cases, Says Upsurge Frightening
•Patients turned back as hospital beds fill up in Lagos • Healthcare facilities not reporting pandemic deaths for fear of...
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UK Bulk Buys Hydroxychloroquine as Potential Covid-19 Treatment
Hydroxychloroquine, the anti-malarial drug being taken by Donald Trump as an unproven protection against coronavirus, is being bought in bulk...
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Nigeria’s coronavirus burden hits 7,526 with 265 new cases
Laboratory tests confirmed 265 new cases of coronavirus infections on Saturday night, raising the country’s total to 7, 526. ...
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Buhari approves order granting autonomy to state legislatures, judiciary
President Muhammadu Buhari has signed into law, Executive Order No. 10 of 2020 for the implementation of financial autonomy of...
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Lagos made more money than 26 states combined –NBS
Lagos State has retained its place as Nigeria’s economic capital, generating N398.7bn in 2019 alone. The sum is the...
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BREAKING: COVID-19 cases hit 7261 in Nigeria, 221 deaths
Cases of the ravaging COVID-19 virus in Nigeria have now increased to 7261. The Nigeria Centre for Disease Control (NCDC)...
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World Bank to Decide Nigeria’s $1.5bn Loan July, Says Country Rep
The World Bank expects to make a decision in late July on a $1.5 billion loan to support Nigeria as...
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No new moon of Shawwal, Ramadan continues today – Sultan
The Sultan of Sokoto and President, Nigerian Supreme Council for Islamic Affairs (NSCIA), Alhaji Muhammadu Sa’ad Abubakar III, yesterday said...
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FG asks churches, mosques, others to submit guidelines for reopening
The Minister of Health, Dr Osagie Ehanire, on Thursday, said COVID-19 patients, who spent a long period at isolation centres...
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Oil marketers demand pricing formula, legislation to sustain monthly adjustments
Operators in the downstream sector of the oil and gas sector have asked the Federal Government to unveil a pricing...
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Inflation hit two-year high at 12.34% in April –NBS
The consumer price index, which measures the rate of inflation in Nigeria, increased by 12.34 per cent (year-on-year) in April...
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Nigeria heading for recession – Minister
As the disruptions of the global economic system by the COVID-19 continues to create anxieties in governments globally, the Federal...
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Lagos cuts 2020 Budget by 21% to N920.5 billion
The Lagos State government has revised downwards by 21 per cent its year 2020 Budget, the Commissioner for Economic Planning...
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Extend ‘due courtesies’ to doctors, IGP orders officers
The Inspector-General of Police, Mohammed Adamu, has directed all officers of the Force to “extend due courtesies to essential service...
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