Wednesday, April 1, 2020 Lagos, Ogun, FCT may lose N1.6tn to lockdown – Investigation At least N1.62tn is expected to be lost in terms of monetary output by businesses and firms as a result of the two-week restriction of movement imposed on Lagos, Ogun and the Federal Capital Territory by the Federal…
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Tuesday, March 31, 2020 Oil price plunges to $22, lowest in 18 years The international oil benchmark, Brent crude, plunged to its cheapest in 18 years on Monday as it traded around $22 per barrel. This comes amid growing fears that the global coronavirus shutdown could last months and demand for fuel could decline further…..read…
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Monday, March 30,2020 We’ll sustain power transmission despite COVID-19 – TCN workers Employees of the Transmission Company of Nigeria branch of the Senior Staff Association of Electricity and Allied Companies on Sunday vowed to sustain the evacuation of electricity despite challenges posed by the spread of coronavirus…read more. LDR: Bank loans rise by N2.35tn Despite…
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Friday, March 27, 2020 CBN suspends forex sales to BDCs over pandemic The Central Bank of Nigeria has granted a two- week market holidays to the Bureaux De Change operators.This followed a request by the Association of Bureaux De Change Operators of Nigeria to the CBN for the regulator to grant it market holidays…
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Thursday, March 26, 2020 NNPC spent N218.18bn on ailing refineries in 2019 Nigeria’s refineries under the management of the Nigerian National Petroleum Corporation incurred a total expense of N218.18bn in 2019. The refineries, namely Kaduna Refining and Petrochemical Company, Port Harcourt Refining Company and Warri Refining and Petrochemical Company, recorded a cumulative loss…
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Wednesday, March 25, 2020 COVID-19: Massive economic crises loom, says CBN The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday said the outbreak of the coronavirus pandemic would lead to massive economic crisis capable of throwing many countries into recession….read more. COVID-19: Reps propose duty waivers, new tax regime…
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Tuesday, March 24, 2020 Nigeria slashes crude selling prices to woo buyers Nigeria has cut the official selling prices for its crude oil to record lows to clear a glut of unsold April-loading cargoes before releasing the May programme on Monday….read more. States’ revenue shrinks as FAAC shares N581bn The Federation Account Allocation Committee on…
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Nigeria consumed N2.64tn petrol in 13 months, says NNPC The Nigerian National Petroleum Corporation said on Sunday that it sold a total of 21.51 billion litres of petrol worth N2.64tn from December 2018 to December 2019.The NNPC said the sale of white products from December 2018 to December 2019 by its subsidiary, the Petroleum Products…
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Friday 20 March, 2020 Oil rises to $28 as Trump considers intervention The international oil benchmark, Brent crude, halted its losing streak on Thursday, trading around $28 per barrel…read more $30bn revenue leakage: Reps threaten telecos’ CEOs with arrest The House of Representatives has given the Chief Executive Officers of telecommunications service providers a seven-day…
DetailsThursday, March 19, 2020 Greif places travel ban on workers, postpones AGM Following the announcement of five new coronavirus cases in Nigeria, Greif Nigeria Plc has announced a travel ban on all its employees as well as social distancing rules for workers engaged by the firm…read more CBN announces N1.1tn intervention fund to boost…
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