Thursday, May 14, 2020
FG adjusts 2020 budget to N10.52tn, adopts $25 oil benchmark
The Federal Government on Wednesday adjusted the 2020 budget downward from the original N10.59tn to N10.52tn. The budget deficit is in excess of N5.3tn…Read more.
Nigerian treasury bills oversubscribed by N132bn
The Nigerian Treasury Bills auctioned for the month of May was oversubscribed by N132bn. The Debt Management Office disclosed this on its website on Wednesday, adding that a total of N33bn was offered while it recorded a total subscription of N165.56bn…Read more.
FG adjusts 2020 budget to N10.52tn, adopts $25 oil benchmark
The Federal Government on Wednesday adjusted the 2020 budget downward from the original N10.59tn to N10.52tn.The budget deficit is in excess of N5.3tn…Read more.
NCDMB, DPR to check abuse of expatriate quota in oil sector
All companies seeking to engage expatriates in the Nigerian oil and gas industry must henceforth ensure they obtain the relevant approvals from Nigerian Content Development & Monitoring Board (NCDMB)…Read more.
Telecoms sees 20% data, voice revenue rise on impact of COVID-19
GSMA sees Nigeria leads SSA to new 170m subscribers in five years. Telecommunications sector in Nigeria and other sub-Saharan Africa (SSA), are said to have seen some 20 per cent increase in both data and voice revenues in the last two months…Read more.
Farmers to access 81,000mt certified seed
Amidst the glooming effects of the COVID-19 pandemic on Nigeria’s food production, the National Agricultural Seed Council, (NASC), has disclosed plans to ensure farmers accessed about 81,000 metric tonnes of certified seeds available through its accredited seed companies …Read more.
‘Economic Sustainability Plan Will Reduce Impact of COVID-19’
The Minister of State for Budget and National Planning, Clem Agba, has emphasised the need to implement the economic sustainability programmes of the government amid crippling losses suffered by businesses in the wake of the COVID-19 pandemic…Read more.
Airtel Africa Posts $3.4bn Revenue, $598m Profit Before Tax
Airtel Africa Plc has reported a revenue of $3.422 billion for the year ended March 31, 2020, showing an increase of 13 per cent from $3.077 billion recorded in 2019. Profit before tax rose 77 per cent from $348 million in 2019 to $598 million in 2020…Read more.
Repositioning Nigeria’s Agriculture Sector
In the face of dwindling oil revenue and the global economic challenges necessitated by the coronavirus pandemic, there is need for the federal government to focus on its economic diversification agenda…Read more.
Nigeria oil industry scrambles as price fall slams economy
The collapse in oil prices linked to the coronavirus crisis has seen Nigeria’s revenues from crude dry up and left Africa’s largest economy more threatened than ever by its dependence on black gold…Read more.
COVID-19: OPEC puts Nigeria’s oil output at 1.78 m/bd last month
The Organization of Petroleum Exporting Countries, OPEC, has put Nigeria’s oil output, excluding Condensate, at 1.78 million barrels per day, m/bd, in April 2020 According to data collated from secondary sources, this indicated a decrease of 68,000 bpd when compared to 1.84 m/bd produced in March 2020…Read more.
OIL PRICE WATCH Bonny Light price rise, trades at $24.59
The prices of crude oil at the international market recorded a marginal increase, as Nigeria’s premium grade, Bonny Light, traded at $24.59 barrel per barrel against $23.52 recorded yesterday …Read more
Goldman Sachs says a second wave of coronavirus could make the Fed rethink negative interest rates
Federal Reserve Chairman Jerome Powell on Wednesday reiterated that the central bank is not considering negative interest rates…Read more.
Trump says Fauci’s warnings about reopening amid coronavirus crisis are not ‘acceptable’
Top coronavirus health expert Dr. Anthony Fauci’s recent warning about the potentially dire consequences of reopening states and schools too soon was “not an acceptable answer,” President Donald Trump said Wednesday…Read more.
