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Organisation of Petroleum Exporting Countries (OPEC) | Reuters

OPEC: How april agreement saved oil market

The Organisation of Petroleum Exporting Countries (OPEC) has again revealed the huge role played by its members and OPEC+ in saving the international oil market from total collapse since March when prices began a downward spiral.
Strong consumer demand is helping Chinese manufacturers recover to nearly pre-pandemic levels [Aly Song-Reuters]

China recovery boosts Asian factories, but trouble seen ahead

Asian factories continued to recover steadily in November thanks to a boom in economic powerhouse China, private surveys showed on Tuesday, offering hope the region was shaking off the drag from the COVID-19 crisis.

Central bank orders Bureau de Change operators to sell dollar at N392

The Central Bank of Nigeria (CBN) has instructed Bureau De Change (BDC) operators in Nigeria to sell dollars at N392 to end-users.

Central bank chief projects exit from recession Q1 2021

The Governor of Central Bank, Mr Godwin Emefiele, on Friday expressed optimism that Nigeria could emerge from recession by the first quarter of 2021.
Lai Mohammed is the current Nigeria's Minister of Information and Culture. A Nigerian lawyer, and former National Publicity Secretary of the All Progressives Congress.

Nigeria’s economy doing well in spite of recession – minister

The Minister of Information and Culture, Alhaji Lai Mohammed, says the news of Nigeria entering recession marks a positive development for the nation’s economy.
The PDP and its candidate, Babatunde Gbadamosi, are urging the court to disqualify the APC candidate, Tokunbo Abiru, over his alleged possession of two voter cards.

Tokunbo Abiru proposes antidote for national challenges

Mr Tokunbo Abiru, APC’s candidate for the Lagos East bye-election, has said that quality representation at the National Assembly is an antidote to diverse national development and security challenges.

Recession: CSOs express dismay over alleged poor management of economy

Civil Society Organisations, CSOs, Monday, expressed dismay over alleged poor management of economy following the recession that struck the economy at the weekend as reported by the National Bureau of Statistics, NBS.
Zainab Ahmed, the minister of finance, budget and national planning, says state and local governments share some of the responsibility to fix roads in Nigeria.

Nigeria will exit recession in first quarter of 2021 – minister

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, on Monday, said the country will exit the current recession by the first quarter of 2021.
Wall Street's main indexes opened lower on Friday as rising infections overshadow positive vaccine news [Shannon Stapleton-Reuters]

Dow opens up 200 points on another jab of promising vaccine news

Wall Street’s main stock indexes pushed higher on Monday kicking off another week on a shot of positive vaccines news – this time from AstraZeneca and Oxford University.

PDP accuses President Buhari of plunging Nigeria into recession

The Peoples Democratic Party (PDP) yesterday called on President Muhammadu Buhari and his party, the All Progressives Congress (APC), to accept their failure and allow competent, transparent and honest hands to effectively manage the economy, as that is the only way to save Nigeria from an imminent economic collapse.
Kola Ologbondiyan

PDP: Second recession proves President Buhari lacks competence to run economy

The Peoples Democratic Party (PDP) has affirmed that two recessions under the present dispensation is an indication of the lack of competence on the part of President Muhammadu Buhari to manage the Nigerian economy.

MAN, LCCI others blame recession on coronavirus, #EndSARS crisis

Nigeria has formally entered its second economic recession in five years as the severe impact of the COVID-19 pandemic on global crude oil prices and restrictions imposed to curb the virus caused the nation’s economy to contract for the second consecutive quarter by 3.62 percent in the third quarter of 2020.
NECA’s Director-General, Mr Timothy Olawale, who made the call on Tuesday in Lagos, called for more specific and direct business sustainability schemes, to save the private sector.

NECA calls for urgent economic recovery effort

The Nigeria Employers Consultative Association (NECA) has called for urgent economic recovery effort in view of the Gross Domestic Product (GDP) data released by the National Bureau of Statistics (NBS).

Recession: The worse may be possibly over – Lagos chamber

The Lagos Chamber of Commerce and Industry (LCCI) says the nation’s economic contraction of 3.62 per cent of the third quarter against the 6.1 per cent of the second quarter of the year may indicate that the worst is over.

Recession: Financial expert seeks aggressive implementation of ESP

Uche Uwaleke, Professor of Finance and Capital Market, has called for early passage of the 2021 Appropriation Bill and aggressive implementation of the Economic Sustainability Plan (ESP), as the country enters recession.

Nigeria officially enters another recession as GDP contracts by 3.62% in Q3’ 2020

National Bureau of Statistics (NBS) said that the nation’s economy has formally entered into recession as the Gross Domestic Product (GDP) contracted for the second consecutive quarter by 3.62 percent in the third quarter of 2020.
President Muhammadu Buhari on Monday signed into law the Finance Bill 2019 (now Finance Act), which among other objectives, seeks to increase government revenue while supporting struggling small businesses in Africa’s largest economy.

Nigeria enters second recession in five years

The Nigerian economy has slipped into its second recession in five years after the gross domestic product contracted the second consecutive quarter.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Manufacturing sector records growth for the first time since May

The manufacturing purchasing managers’ index (PMI) recorded growth in November 2020 after six months of contraction between May and October 2020.

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Minister of Transportation, Rotimi Amaechi has announced the fares on the the new Lagos-Ibadan train service, which would begin operations by January, 2021.

President Buhari to Inaugurate Lagos-Ibadan railway line January

President Muhammadu Buhari will inaugurate the Lagos-Ibadan railway in January, next year, the Minister of Transportation, Chibuike Amaechi, has said.
Eberechi Eze has expressed his delight after he was named Crystal Palace’s W88 Player of the Month for November.

Eberechi Eze named Crystal Palace Player of the Month

Eberechi Eze has expressed his delight after he was named Crystal Palace’s W88 Player of the Month for November.
Barbara Creecy, minister of Environment, Forestry and Fisheries of South Africa and President of AMCEN, said: “Whilst this pandemic is having a profound negative impact on sustainable development and our efforts to combat environmental degradation and eradicate poverty, it also presents opportunities to set our recovery on a path of transformative sustainable development.”

African environment ministers support green recovery plan

Ministers of Environment from Africa on Friday agreed to support a comprehensive green recovery plan to boost economies and social systems aimed at building back better from the coronavirus (COVID-19) pandemic.
Albert Muchanga

AU welcomes Nigeria ahead of AfCFTA kick-off

The African Union Commissioner for Trade and Industry, Albert Muchanga, said in Addis Ababa on Friday that instruments signifying Nigeria’s entry into the African Continental Free Trade Area (AfCFTA) will be received at the commission’s headquarters shortly ahead of next year’s kick-off of trading.
Ekiti State Governor, Mr. Ayodele Fayose

Ayo Fayose: President Buhari must account for $1 billion taken from excess crude account

Former Governor of Ekiti State, Ayodele Fayose has queried President Muhammadu Buhari to account for the $1 billion withdrawn from the Excess Crude Account (ECA) to battle insecurity in the country.