Business FG Slashes Spending On JV Oil Assets By 62% September 22, 2020 Ekemini Amid the coronavirus-induced sharp drop in its revenues, the Federal Government reduced its spending on oil and gas assets being developed through joint ventures with private firms by 61.83 per…
Business Foreign Investors Losing Confidence In Nigeria’s Oil Industry —Kyari September 22, 2020 Ekemini The Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele Kyari, has said there is a need for Nigeria to act fast and address the loss of foreign…
Local COVID-19: NCAA Threatens To Stop Domestic Flights Over Non-Compliance September 22, 2020 Ekemini The Nigerian Civil Aviation Authority on Monday says it observed that some airlines operating domestic flights in the country are breaching the COVID-19 protocol put in place to curb the…
Business Oil Falls To $41 As Economic Outlook Dims September 22, 2020 Ekemini The international oil benchmark, Brent crude, declined by about five per cent on Monday, as rising coronavirus cases stoked worries about global demand and a potential return of Libyan production…
Business CBN Decries Speculation As Naira Plunges, Exchanges For 465/$ September 22, 2020 Ekemini Declining export receipts from oil and speculative activities of the Bureau De Change operators among other challenges of the COVID-19 pandemic on the economy will put more pressure on the…
Banking Business Bank Of England Denies Negative Interest Rate Hint September 22, 2020 Ekemini Bank of England (BOE) governor Andrew Bailey has denied that the central bank’s latest policy statement implied that it would use negative interest rates to help stimulate the ailing economy.…
Business No Hike In Gas Prices For Domestic Market, GACN Clarifies September 22, 2020 Ekemini The Gas Aggregation Company Nigeria Limited (GACN) has said that its decision to review existing agreements used in transactions within Nigeria’s domestic gas market will not lead to hike in…
Business Digital Euro Would Provide Alternative To Cryptos, ECB President Lagarde Says September 22, 2020 Ekemini The European Central Bank (ECB) is looking into the benefits and risks of a digital currency, according to its president, Christine Lagarde. Rather than as a replacement for cash, a…
Local Your Bank May Not Be The Only One With Your Banking Information September 22, 2020 Ekemini There’s a popular misconception that banks are the only ones with account holders’ banking information such as their Bank Verification Number and card details. No doubt, they become the first…
Business Local Chemical Union Seeks Reversal Of CBN’s Forex Policy September 22, 2020 Ekemini The National Union of Chemical Footwear Rubber Leather and Non-Metallic Products Employees (NUCFRLANMPE) has urged the Central Bank of Nigeria (CBN) to rethink its recent policy on Form M, which…
Local Nigeria Unexectedly Cuts Key Rate On Recession Threat September 22, 2020 Ekemini The Central Bank of Nigeria unexpectedly cut its key interest rate to the lowest since 2016 on concerns of a looming recession in Africa’s largest economy. Of the 10 members…
Business Local Update 1-Nigeria’s Cenbank Cuts Benchmark Rate To 11.5% September 22, 2020 Ekemini Nigeria’s central bank cut its benchmark lending rate on Tuesday by 100 basis points to 11.5% in an attempt to stimulate growth in Africa’s largest economy, its governor Godwin Emefiele…
Business Dollar Bounceback Pauses, Aussie And Kiwi Regain Lost Ground September 22, 2020 Ekemini The tide of risk-aversion which saw the dollar hit new six-week highs early on Tuesday ebbed as the session wore on, as European equity markets rose, the dollar’s gains paused…
Business Local Guide To Buying Land & House In Nigeria September 22, 2020 Ekemini Buying land in Nigeria involve various legal requirements and key procedures to be followed. The first key step towards purchasing a land in Nigeria is to engage a lawyer who…
Business Local How FG Spent N8.9t On Subsidy In 10 Years -PPPRA September 22, 2020 Ekemini The Petroleum Products Pricing Regulatory Agency (PPPRA) says the Federal Government has spent a total of N8.94 trillion on oil subsidy between 2006 and 2015. The agency disclosed this in…
