Nigeria’s Oil Hub Quarantines 22 Exxon Mobil Workers: River State Governor
Nigeria’s Rivers State has quarantined 22 Exxon Mobil Corp. employees for violating an order introduced last month restricting movement into…
Category: Local
Dangote-Led Flood Committee Donates N1.5bn To Further Fight COVID 19 Pandemic
Bothered with the increasing trend and spread of Covid 19 pandemic, the Presidential Flood Relief and Rehabilitation Committee, set up…
BREAKING: Nigeria Gets Debt Relief From China, G-20
China and G-20 countries have agreed to give debt relief to the poorest countries in the world which are classified…
Nigerian Banks Recorded N11.44tn Online Transactions in March
Bank customers carried out a total of N11.44tn worth of financial transactions on the Point of Sales and Instant payment…
Nokia Shares Surge On Report Of Takeover Bid
Nokia (NOKIA.HE) declined to comment on Thursday on a media report saying it was working with an investment bank to…
Nigerian Government Orders Removal Of Trucks From Port Roads
The Federal Government has issued fresh guidelines aimed at stemming the spread of the novel coronavirus. This is coming against…
Nigerian Stock Market Sustains Uptrend With A Gain Of N344bn
The Nigerian Stock Exchange on Wednesday maintained its uptrend of gains, extending positive sentiment to five consecutive trading sessions, with…
Nigerian Stock Market Index Rises Further By 2.32% Despite Lockdown Extension
Despite government’s decision to extend the lockdown in Lagos, Abuja and Ogun states by additional 14 days, the Nigerian equities…
BREAKING: Nigeria’s Corporate Affairs Commission Headquarters In Abuja On Fire
Days after the office of the Accountant General of the Federation went up in flames, the headquarters of the Corporate…
80,000 Apply For Central Bank Of Nigeria’s Coronavirus Intervention Fund
Three weeks after the Central Bank of Nigeria released the guidelines for the N50bn targeted credit facility, over 80,000 applications…
Nigerian Government Begins Payments to 500,000 N-Power Beneficiaries
The Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development has said that the 500,000 N-Power enrollees across the…
Nigeria Records 19 New Cases Of Coronavirus
Nigeria has recorded Nineteen new cases of #COVID-19. Of the 19 new confirmed coronavirus cases, 14 were recorded in Lagos,…
Nigeria’s Debt Service To Revenue Ratio Rises To 48%
The revision of the 2020 revenue framework has raised the Federal Government’s debt service to revenue ratio from the initial…
EU Gives Nigeria €50m Grant To Fight Coronavirus
The European Union has given Nigeria a grant of €50 million to fight Covid-19, President Muhammadu Buhari’s spokesman Femi Adesina…
Nigeria To Earn $10.61bn For Rest Of The Year After Cut In Crude Production
Nigeria may earn about $10.61bn from crude oil sales between May and December this year following latest decision by members…
Here Is How You Can Access CBN’s N50bn COVID-19 Intervention Fund
The Central Bank of Nigeria says interested stakeholders must meet its set criteria to access its N50bn intervention loans for…
Coronavirus: Amazon To Add 75,000 More Jobs
Amazon.com Inc said on Monday it plans to hire 75,000 more people for jobs ranging from warehouse staff to delivery…
BREAKING: Nigeria’s President Extends Lockdown in FCT, Lagos, Ogun By 14 Days
Nigerian President, Muhammadu Buhari, has extended the coronavirus (COVID-19) lockdownin the federal capital territory, Lagos and Ogun States by 14…
Petrol Price Could Further Drop By N8/litre –Marketers
The pump price of petrol could drop further by between N5 and N8 per litre, operators in the downstream oil…
Nigerian Stock Market Halts Four Weeks Downtrend
Transactions on the floor of the Nigerian Stock Exchange closed last week on the positive with the equity market recording…
China Has Been Stockpiling Oil For Years. Low Prices Give It Reason To Buy More
Oil is cheaper right now than it has been in years. That’s great news for China — the world’s second…
A Quiet And Somber Easter As Global Coronavirus Death Toll Tops 110,000
Christians around the world celebrated Easter Sunday isolated in their homes by the coronavirus while pastors preached the faith’s joyous…
OPEC+ Finally Strike Agreement To Cut Nearly 10 Million Barrels A Day
DUBAI, United Arab Emirates — OPEC, Russia and other oil-producing nations on Sunday finalized an unprecedented production cut of nearly…
Coronavirus Spurs ‘Massive Shift’ In Alcohol Supply Chain Not Seen Since Prohibition
With people across the U.S. facing orders to remain in their homes, and bars and restaurants closed as part of…
Nigerian Federal Government, States, LGs Record N413.3bn Allocation Shortfall
The three tiers of government suffered a shortfall of N413.3bn in allocation from the federation account within a two-month period…
Apple And Google Partner On Coronavirus Contact Tracing Technology
Apple Inc (AAPL.O) and Alphabet Inc’s (GOOGL.O) Google said on Friday that they will work together to create contact tracing…
Coronavirus: IMF Names Okonjo-Iweala In Advisory Group
IMF Managing Director, Kristalina Georgieva, on Friday, named a former Nigerian finance minister, Dr. Ngozi Okonjo-Iweala, among a group of…
World Bank Predicts Sharp Fall In Nigeria’s GDP
The World Bank has predicted a sharp fall in Nigeria’s real gross domestic product growth as countries in sub-Saharan Africa…
Nigerian Government, NASS To Pay For Two-month ‘Free Electricity’ –Discos
Power distribution companies on Thursday said that the two-month free electricity to customers announced on Wednesday would be paid for…
Tin Can: Nigerian Customs Rakes In N31.7b In March
Despite the ravaging Covid-19 pandemic, the Tincan Island port command of the Nigeria Customs Service (NCS) has announced a revenue…