FG Slashes Spending On JV Oil Assets By 62%
Amid the coronavirus-induced sharp drop in its revenues, the Federal Government reduced its spending on oil and gas assets being…
Day: September 22, 2020
Foreign Investors Losing Confidence In Nigeria’s Oil Industry —Kyari
The Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele Kyari, has said there is a need for…
COVID-19: NCAA Threatens To Stop Domestic Flights Over Non-Compliance
The Nigerian Civil Aviation Authority on Monday says it observed that some airlines operating domestic flights in the country are…
Oil Falls To $41 As Economic Outlook Dims
The international oil benchmark, Brent crude, declined by about five per cent on Monday, as rising coronavirus cases stoked worries…
CBN Decries Speculation As Naira Plunges, Exchanges For 465/$
Declining export receipts from oil and speculative activities of the Bureau De Change operators among other challenges of the COVID-19…
Bank Of England Denies Negative Interest Rate Hint
Bank of England (BOE) governor Andrew Bailey has denied that the central bank’s latest policy statement implied that it would…
No Hike In Gas Prices For Domestic Market, GACN Clarifies
The Gas Aggregation Company Nigeria Limited (GACN) has said that its decision to review existing agreements used in transactions within…
Digital Euro Would Provide Alternative To Cryptos, ECB President Lagarde Says
The European Central Bank (ECB) is looking into the benefits and risks of a digital currency, according to its president,…
Your Bank May Not Be The Only One With Your Banking Information
There’s a popular misconception that banks are the only ones with account holders’ banking information such as their Bank Verification…
Chemical Union Seeks Reversal Of CBN’s Forex Policy
The National Union of Chemical Footwear Rubber Leather and Non-Metallic Products Employees (NUCFRLANMPE) has urged the Central Bank of Nigeria…
Nigeria Unexectedly Cuts Key Rate On Recession Threat
The Central Bank of Nigeria unexpectedly cut its key interest rate to the lowest since 2016 on concerns of a…
Update 1-Nigeria’s Cenbank Cuts Benchmark Rate To 11.5%
Nigeria’s central bank cut its benchmark lending rate on Tuesday by 100 basis points to 11.5% in an attempt to…
Dollar Bounceback Pauses, Aussie And Kiwi Regain Lost Ground
The tide of risk-aversion which saw the dollar hit new six-week highs early on Tuesday ebbed as the session wore…
Guide To Buying Land & House In Nigeria
Buying land in Nigeria involve various legal requirements and key procedures to be followed. The first key step towards purchasing…
How FG Spent N8.9t On Subsidy In 10 Years -PPPRA
The Petroleum Products Pricing Regulatory Agency (PPPRA) says the Federal Government has spent a total of N8.94 trillion on oil…