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Governor Willie Obiano

APC hails Governor Obiano’s order for production of three million facemasks in Anambra

The All Progressives Congress, APC, in Anambra State, has hailed Governor Willie Obiano, for ordering the production of three million local masks, and approving 10 percent tax refund to businesses in the state to cushion the effect of COVID-19 on businesses in the state.

Crude oil prices inch up after US record $2 trillion stimulus

Crude oil prices went up at trade opening on Wednesday with optimism that the $2 trillion aid package to stimulate the American economy would increase crude demand.

Nigeria crashes pump price of petrol to N125

Following global crash in price of crude oil, the federal government has also approved a reduction in the pump price of price of the Premium Motor Spirit (PMS) also known as petrol from N145 to N130.
The Lagos State Commissioner for Health, Prof. Akin Abayomi, on Friday said the Italian index patient was still at the isolation centre.

Nigeria: Why China, South Korea, Iran, Japan, Italy are on travel watch list

The Nigeria Centre for Disease Control (NCDC) has clar­ified why China, South Korea, Iran, Japan and Italy were included on the country’s watch list, though noted that Nigerians travel more to Europe than Iran, South Korea, Japan and other countries where the Coronavirus (COVID-19) pandemic spread earlier.
Nigeria Naira

Naira bounces back after days of depreciation

The naira appreciated against the dollar on Friday after days of panic buying amid speculations that the Nigerian central bank may devalue the local currency.

Shell reports 41% rise in onshore Nigeria oil spills due to sabotage

Royal Dutch Shell’s onshore Nigeria subsidiary saw a 41% rise in the number of crude oil spills due to theft or pipeline sabotage in 2019, the group said in its annual report.
President of the Senate, Ahmad Lawan with the Chairman of Senate Committee on Judiciary, Human Rights and Legal Matters, Opeyemi Bamidele, during the public hearing of the social media bill on Monday, March 9, 2020 4

Senator Lawan: What the falling oil price means for Nigeria

Senate President Ahmad Lawan on Wednesday said the global falling price of crude oil should be a challenge for Nigeria to devise other means of growing the nation’s economy.
Mele Kyari,

Nigeria will be out of business if crude oil price drops to $22 – NNPC...

Mele Kyari, the group managing director of the Nigerian National Petroleum Corporation (NNPC), says Nigeria would be out of business if the price of crude oil drops as low as $22.

Saudi’s oil price war may push Nigeria’s economy into recession

Saudi Arabia’s launch of an aggressive oil price war targeting its biggest rival producers after Russia refused to join production cuts with OPEC, will hit the economy of weaker oil-dependent producer like Nigeria particularly hard, as it has little scope to increase output and less ability to borrow to plug budget shortfalls.
The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

Coronavirus: Nigeria to review budget as oil price plunges

The Federal Government has announced plans to review the 2020 budget as crude oil revenue comes under pressure from the effects of the raging coronavirus infection globally.
Buhari Media Organisation (BMO)

BMO: Morally bankrupt PDP can’t speak on economy

The Buhari Media Organisation (BMO) has described Peoples Democratic Party’s (PDP) comment that Nigeria is sliding into bankruptcy under President Muhammadu Buhari as baseless, ill-founded sheer noise-making and irresponsible as it lacks substance.
The Petroleum Products Pricing Regulatory Agency (PPPRA) is set to commence a comprehensive audit and survey of downstream oil and gas logistic facilities, with a view to identifying the infrastructure gap in the sector

PPPRA assures sufficient petroleum products as global demand declines

Amid fears of declining global demand of petroleum, the Petroleum Products Pricing Regulatory Agency has assured Nigerians of sufficient time products.

Environmentalists urges Agip to remediate spill site at Taylor Creek in Bayelsa

Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN) has called on Nigerian Agip Oil Company (NAOC) to halt oil spills caused by leaks on its pipeline at Taylor Creek oilfields in Bayelsa.
The Petroleum Products Pricing Regulatory Agency (PPPRA) is set to commence a comprehensive audit and survey of downstream oil and gas logistic facilities, with a view to identifying the infrastructure gap in the sector

PPPRA assures of sufficient products amid declining global demand

Amid declining global demand of petroleum products worsened by the Novel Coronavirus outbreak, the Executive Secretary, Petroleum Products Pricing Regulatory Agency (PPPRA), Abdulkadir Saidu, on Sunday assured Nigerians of sufficient supply of needed energy to operate optimally.

Nigeria: Crude oil sales drop over outbreak of coronavirus

Coronavirus disease is taking a toll on the sales of crude as it has dropped drastically due to companies shutdown.
President Muhammadu Buhari has appointed Mr. Mele Kolo Kyari as the new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC).

NNPC to double Nigeria’s domestic gas supply, export fuel by 2023

The Nigerian National Petroleum Corporation (NNPC) is to expand its domestic gas footprint with the delivery of the Escravos-Lagos Pipeline System (ELPS) II to double capacity from 1.1 billion standard cubic feet of gas to 2.2 BSCF.

Nigeria cuts March crude prices as export to China shrinks

The Federal Government has slashed the price of crude oil export for the month of March as no Nigerian cargo is sailing to China in February.

Afe Babalola: Oil discovery in North will aid restructuring

The founder of the Afe Babalola University, Ado Ekiti, Aare Afe Babalola (SAN), has said the news of crude oil discovery in the North gladdens his heart, because such a discovery will hasten the restructuring of the country.

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The Speaker of the House of Representatives, Rep. Femi Gbajabiamila (APC-Lagos), has announced the demise of a former member of the house, Rep. Tony Okey. 7

Speaker Gbajabiamila: Chinese doctors must be quaratined

Speaker Femi Gbajabiamila on Monday insisted the Chinese doctors coming to help in the fight against COVID-19 must first be quarantined for 14 days and comply with all relevant laws in the country.
Gov. Andrew Cuomo said New York will postpone its April 28th presidential primary election until June 23rd, as the Empire State deals with the largest coronavirus outbreak in the US, the New York Times reports.

New York increases fine for violating social distancing guidelines to $1,000

New York Governor, Andrew Cuomo, on Monday said that fines for violating social distancing guidelines would be increased from $500 to $1,000.
The countries according to the Minister of Interior, Rauf Aregbesola, are China, Italy, Iran, South Korea, Spain, Japan, France, Germany, Norway, the United States of America, the United Kingdom, Netherlands and Switzerland.

Nigeria declares April 10, 13 as Easter holidays

The Federal Government has declared Friday, April 10 and Monday, April 13 as public holidays to mark the 2020 Easter Celebration.
Abdullahi Umar Ganduje

Kano coronavirus fund raising committee hits N400 million

The COVID-19 Fund Raising Committee constituted by governor Abdullahi Umar Ganduje of Kano state submitted its interim report on Monday, saying it had raised almost N400m.
The Embassy of Japan, in collaboration with a Non-Governmental Organisation (NGO), Street To School Initiative, has unveiled a newly renovated ultra-modern Primary Healthcare Centre (PHC) for residents of Surulere Community in Agbado-Oke-Odo, Lagos

Japan donates $236, 000 for humanitarian mine action in Northeast

The United Nations Mine Action Service (UNMAS) has received a donation of $236, 363 from the Government of Japan to support the UNMAS Nigeria in providing critical life-saving humanitarian assistance to civilians and humanitarian actors in the Northeast.