Category: Local

The international oil benchmark, Brent crude, fell on Monday after Saudi Arabia and Russia postponed a meeting to discuss output…

The President, Major-General Muhammadu Buhari (retd.), has approved the suspension of the payment of interest on debts owed by state…

No buyer of Nigerian crude oil has returned or rejected it despite the glut in global crude oil market, the…

Nigeria, Africa’s most populous country, may fall into recession this year if an economic stimulus plan isn’t put in place…

Nigeria won’t seek a suspension of interest payments from its Eurobond holders, but will seek debt relief from China as…

The era of subsidy on petrol is gone forever, the Group Managing Director, Nigerian National Petroleum Corporation, Mele Kyari, said…

Fitch Ratings has downgraded Nigeria’s long-term foreign-currency issuer default rating to ‘B’ from ‘B+, which means the outlook is negative.…

The Nigeria Centre for Disease Control announced six new coronavirus cases in Nigeria bringing the total cases in the country…

New car registrations for March saw a steeper fall than during the financial crisis, according to the motor industry. Data…

President Muhammadu Buhari on Monday approved the engagement of 774, 000 Nigerians on a Special Public Works programme in the…

State to tap IMF rapid-credit facility, expects funds by May. Minister says talks are underway for two-year debt moratorium

President Muhammadu Buhari has ordered that $150 million be withdrawn from the National Sovereign Investment Authority (NSIA). The Minister of…

The Nigerian Communications Commission, NCC, has released a statement on the conspiracy theory linking the coronavirus disease with 5G telecommunications…

The Federal Government has taken delivery of medical supplies from Istanbul, Turkey, to fight the coronavirus pandemic. The supplies were…

Dangote Cement Plc has said it is seeking to b up to N100bn from the bond market under its N300bn Debt Issuance Programme

The Lagos State Police Command has arrested Funke Akindele for hosting a party in contravention of the lockdown order in…

OPEC has portrayed itself as a source of stability in a chaotic world But the cartel undercut that argument last…

Nigeria has recorded 10 new cases of coronavirus in the Federal Capital Territory, Abuja, Lagos, and Edo States, the Nigeria…

Nigeria has five new confirmed cases of coronavirus, according the Nigeria Centre for Disease Control. Three of the cases were…

Most people with Covid-19 have mild illness and are able to recover at home without medical care, while severe cases…

The Federal Government through the Ministry of Finance on Saturday reached out to the National Assembly to intimate it with…

The Lagos State Governor, Babajide Sanwo-Olu, has said that the ongoing lockdown in the state may be extended beyond 14…

There are four critical steps that Nigerian companies could take to ensure business continuity while the government must prioritise five…

Berkshire sold nearly 13 million shares in Delta and roughly 2.3 million shares of Southwest, according to regulatory filings Friday. That left Buffett’s company with a $1.32 billion stake in Delta and a $1.57 billion holding of Southwest stock.

Airlines across the U.S. have been pummeled by a steep drop-off in travel as the coronavirus spreads throughout the country. Delta Chief Executive Officer Ed Bastian said Friday in a memo that it expects second-quarter revenue to fall 90%.

One week into South Africa’s nationwide lockdown to prevent the spread of coronavirus, and it is tempting – dangerously tempting…

The Nigerian Electricity Regulatory Commission on Friday issued a “Continuity of Service” directive to all operators in the power sector…

The job losses suffered in March as the U.S. economy shut down in the face of the novel coronavirus pandemic…

The Nigeria Centre for Disease Control on Friday night confirmed 20 new cases of coronavirus. “Twenty new cases of #COVID19…