ATMs, e-Payments Platforms To Be Functional During Lockdown
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, and the Central Bank of Nigeria Governor, Mr Godwin…
Category: Local
Coronavirus: FG grants 3 months moratorium for repayment of all govt funded loans
As part of its efforts to cushion the economic effects of the Coronavirus pandemic, the Federal government has granted a…
COVID-19: Federal Government Prepares Fiscal Stimulus Package
The federal government has drawn up a stimulus package to cushion the impact of the dreaded Corona Virus. Under the…
Coronavirus: Oil price collapses to lowest level for 18 years
The price of oil has sunk to levels not seen since 2002 as demand for crude collapses amid the coronavirus…
Here Are The Businesses Exempted From The 14-days Shut Down Of Lagos, Abuja And Ogun State
Nigeria’s President, Muhammadu Buhari on Sunday announced a 14-day shut down of business, economic and social activities in Lagos State,…
Buhari’s Full Speech On Coronavirus
Fellow Nigerians, From the first signs that Coronavirus, or COVID-19 was turning into an epidemic and was officially declared…
Breaking: FG Locks Down Lagos, Ogun And Abuja
The President, Major General Muhammadu Buhari (retd), has announced a total restriction of movement in Abuja, Lagos, and Ogun States starting tomorrow.…
African Development Bank Launches Record Breaking $3bn ‘Fight COVID-19’ Social Bond
The African Development Bank has raised an exceptional $3 billion in a three-year bond to help alleviate the economic and…
Coronavirus: NNPC, 33 Other Oil Firms Donate ₦11.4bn
The Nigerian National Petroleum Corporation and 33 of its partners in the oil and gas sector have contributed $30 million,…
Ogun announces closure of borders for two weeks
The Ogun State Government has announced the closure of its borders with all neighbouring states and the international border with…
Sanwo-Olu introduces stimulus for residents, targets 200,000 households in first phase
Lagos State Governor, Babajide Sanwo-Olu has unveiled an economic stimulus package for the indigent and the most vulnerable in the…
Nigeria Struggles To Sell Oil Despite Price Cut
Despite the significant reduction in its official selling prices aimed at wooing buyers, Nigeria is still struggling to sell its…
Breaking: El-Rufai Tests Positive For Coronavirus
Governor of Kaduna state, Mallam Nasir El-Rufai has tested positive for Coronavirus. The former FCT Minister revealed this on his…
Suspend VAT immediately, Tinubu tells FG
All Progressives Congress stalwart, and former Governor of Lagos State, Bola Tinubu, has asked the Federal Government to stop collection…
Nigeria Will Go Into Recession If COVID-19 Continues Beyond Six Months – Finance Minister
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has warned that Nigeria may go into recession if…
Breaking: Davido’s Fiancée, Chioma Tests Positive For Coronavirus
Singer David Adeleke, aka Davido, has said his fiancée, Chioma, has tested positive for coronavirus. The singer disclosed this via…
Coronavirus: Air France-KLM Evacuates European Nationals From Nigeria
An aircraft operated by Air-France KLM on Thursday arrived at the Murtala Muhammed International Airport, Lagos to evacuate some European…
CBN Grants Two-Weeks Market Holidays To Bureau De Change Operators
The Central Bank of Nigeria (CBN) has granted a two-week market holiday to the Bureau De Change (BDC) operators. The…
Nigeria Records 14 New Cases Of Coronavirus
The Nigeria Centre for Disease Control (NCDC) has confirmed 14 new cases of coronavirus in Nigeria. Total number of confirmed…
Oil Price May Fall To $10 A Barrel As World Runs Out Of Storage Space
The world may soon run out of space to store its extra oil as Saudi Arabia prepares to increase its…
Coronavirus: UBA Donates 5bn To Fight The Epidemic
United Bank for Africa Plc (UBA) has donated over N5bn ($14 million) through the UBA Foundation, to catalyse a comprehensive…
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…
Czech breweries turn to bottles and cans as pubs close
Czech breweries — including Pilsner Urquell and Budejovicky Budvar — have stopped refilling kegs and started storing their beer in…
Lagos State To Disinfect Bus stops, Motor Parks And Public Spaces
The Lagos State Government has commenced the disinfection of public spaces, like motor parks, bus stops, in a bid to…
FG To Ban Inter-state Travel
The Federal Government has announced plans to ban inter-state travel and also close down motor parks as part of measures…
NCDC Announces Two New Cases Of Coronavirus: one in Lagos and one in Osun
NCDC has confirmed two new cases of COVID-19 in Nigeria: one in Lagos and one in Osun. According to NCDC,…
Budget: FG slashes oil benchmark from $57 to $30 per barrel
The Federal Government on Wednesday proposed the reduction of oil benchmark, upon which the 2020 budget was predicated, from $57…
Air Peace To Suspend All Flights From Friday
Air Peace has announced the suspension of all its flight services as from Friday, 27th March. In a statement signed…
FIRS retires Directors As Internal Reforms Continue
The board of the Federal Inland Revenue Service has approved the retirement of all directors that have served up to…
Here is how to Access CBN’s 50bn Coronavirus Intervention Fund
The Central Bank of Nigeria has listed the conditions that must be fulfilled by individuals and companies willing to access…