Friday, May 15, 2020
Crude oil in the Organization of Petroleum Exporting Countries reference basket dropped for the second consecutive month in April, shedding 48 per cent of its worth, as cargoes of unsold oil continued to accumulate, OPEC has said…Read more.
The Nigerian Railway Corporation has said it is now compulsory for its workers and other people coming to the NRC premises to use face masks….Read more.
The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Thursday presented a revised 2020 Appropriation Act to the National Assembly and explained why the downward review of the national budget…Read more
The total currency in circulation in the country rose to N2.3tn as of April 30 from N2.29tn on March 31, 2020. Latest statistics obtained from the Central Bank of Nigeria on Thursday indicated a rise of about N11.38bn in the period under review…Read more.
With the disruptions in the global oil industry, causing energy imbalance and low demand for oil, one of the operators in the power value-chain, has urged the government to implement regulations that would aid gas utilisation for power …Read more.
Airlines okay face masks, biosecurity measures not ‘vacant middle seat’. The economic implication of physical distancing onboard and attendant vacant middle seats has been estimated to cost the industry more and therefore not sustainable…Read more.
To ameliorate the impact of COVID-19 and oil price decline, Nigeria may require up to N10.1trillion worth intervention to improve the economy. Specifically, the Nigerian Economic Summit Group (NESG), in its Macroeconomic Outlook Update, titled: “COVID–19, Global oil price…Read more.
The Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala-Usman, has explained that the agency in line with the directive of the federal government created an opportunity for goods to be exported to get to the port, saying non-oil export remains vital…Read more.
Justice Nnamdi Dimgba of a Federal High Court in Asaba, Delta State Thursday awarded N10million in damages against the Department of State Services (DSS) for illegally detaining a trader, Mr. Anthony Okolie, for 10 weeks without charge…Read more.
The Skyway Aviation Handling Company (SAHCO) Plc has announced that it has taken over the ground handling services of British Airways (BA). By this development, SAHCO would be providing passenger and ramp handling services to British Airways at the Nnamdi Azikiwe Airport…Read more.
Brazil’s response to the pandemic has confused many. With a population of more than 209 million people, the federal government — led by President Jair Bolsonaro — has clashed with the country’s 26 states…Read more.
U.S. stock futures edged higher early Friday morning following a sharp rally during the regular session on Thursday as investors awaited several key data sets. Dow Jones Industrial Average futures added 74 points, implying a Friday opening gain of around 64 points…Read more.