Tuesday, July 14, 2020
Disturbed by the increasing number of Nigerians living on less than one dollar a day, Yemi Kale, statistician general of the Federation and CEO of National Bureau of Statistics (NBS) has recommended three solutions to solving Nigeria’s high poverty rate….Read more.
A rash of bankruptcy filings from shale oil producers reveals the destructive impact the coronavirus-induced slow oil price is having on US oil production and the battle ahead to keep oil markets stable. Shale producers including Whiting Petroleum…Read more.
Experts have alerted governments across the world to the threat of rising illicit trade resulting from the ongoing pandemic situation. The experts, who spoke at a recent webinar, further proffered measures that can assist governments to counter the resultant…Read more.
A move by the African Refiners & Distributors Association (ARA), and the African Union (AU), to ensure common standard for the importation and refining of petroleum products on the continent remains critical to trade, environment and the economy of the region…Read more.
As countries brace for a second wave of the coronavirus spread, analysts have warned that an unexpected hit to demand could derail oil prices, as producers are yet to reduce their stock builds in the last quarter…Read more.
Nigeria, Africa’s top oil producer, generated $206.06bn in revenue from crude oil exports in the last five years, the Organisation of Petroleum Exporting Countries has said.OPEC, in its 2020 Annual Statistical Bulletin released on Monday…Read more.
The Central Bank of Nigeria has directed foreign exchange dealers to stop processing ‘Forms M’ for the importation of maize in order to boost local production…Read more.
The Federal Government on Monday said it would ban citizens from some countries from gaining entry into Nigeria in order to ensure safety at Nigerian airports and the country in general. It said this was another reason…Read more.
The Secretary to the Government of the Federation, Mr. Boss Mustapha, in this interview, speaks on wide-ranging issues, stretching from fiscal policy decisions and actions of the federal government to varied government’s intervention programmes as the nation battles to combat the dreaded COVID-19 pandemic…Read more.
The skepticism surrounding the transparency and fairness in the process of the ongoing bid round for 57 marginal oilfields has been heightened with one of the bidders expressing lack of faith in the whole process…Read more.
The Bank of Industry (BOI) has said it is reviewing its strategic priorities to ensure continuous support for enterprises, especially those hard hit by the COVID-19 pandemic…Read more.
The Federal Government has asked a London court to allow Nigeria more time to appeal the $9.6 billion arbitration award in the legal tussle between the country and P &ID (Process & Industrial Development Ltd) over the 2010 gas supply contract…Read more.
The federal government is set to unveil a N65 billion stimulus package to support the Organised Private Sector in Nigeria (OPSN) in the bid to boost the economy and mitigate the effect of the COVID-19 pandemic…Read more.
The Central Bank of Nigeria, CBN, has issued guidelines on the Global Standing Instruction, GSI, which enables banks to seize loan defaulters’ money in other banks. The apex bank said the GIS guideline, obtained, yesterday, was to enhance loan recovery in the banking sector…Read more.