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Crude Oil Prices
President Muhammadu Buhari on Friday declared the 2020 edition of the Lagos International Trade Fair open, reiterating the Federal Government’s commitment to revamping Nigeria’s Industrial Revolution Plan (NIRP).
The Governor of Central Bank, Mr Godwin Emefiele, on Friday expressed optimism that Nigeria could emerge from recession by the first quarter of 2021.
On the same day, Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, while speaking at the 55th Annual Bankers Dinner organised by the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos, predicted a two per cent growth in the country’s Gross Domestic Product (GDP) in 2021.
Zainab Ahmed, the minister of finance, budget and national planning, says the recession will be short-lived.
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.
Minister of State for Petroleum, Timipre Sylva, has again explained that the Federal Government is no longer in the business of fixing petroleum pump prices.
Algeria said on Sunday it had given the go-ahead to a plan aimed at offering Islamic finance services, as it seeks new funding sources to cope with financial problems caused by a fall in energy revenues.
Speech by His Excellency, Muhammadu Buhari, President of the Federal Republic of Nigeria at the signing into law of the Appropriation (Repeal and Amendment) Act, 2020 Presidential Villa, Abuja. Friday, 10TH July, 2019
The federal government has said in view of recent misguided comments and innuendos, it has become expedient for the Ministry of Petroleum to explain misconceptions around the issue of Petroleum Products Deregulation.
The collapse in crude oil prices, coupled with the COVID-19 pandemic, is expected to “plunge the Nigerian economy into a severe recession, the worst since the 1980s”, the World Bank said on Thursday.
Nigerian youths have been advised to join hands with the government to acquire necessary digital skills for self-reliance, post-COVID-19 era.
Minister of State for Budget and National Planning, Prince Clem Ikanade Agba, has said that the Federal Government expects the injection of about N2 trillion stimulus into the economy in response to the COVID-19 pandemic and the fall in oil prices.
Executive Secretary, the Petroleum Products Pricing Regulatory Agency (PPPRA), Abdulkadir Saidu, has said Nigerians should be ready to pay high or low prices for petrol following the price liberalisation scheme currently in place.
The Senator representing Rivers South East Senatorial District, Barinada Mpigi, has said that Carveton Helicopters violated Rivers State laws by flying into Port-Harcourt in disregard for laws to prevent the spread of COVID-19 in the State.
Some state governments recently met with religious leaders and relaxed their regulations with respect to having a gathering of not less than 30 or even 20 people gathered in a place at any given time.
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.
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The Katsina State Government have declared its determination to shore up her investment climate in the state and have therefore designated 2021 for the take off of its aggressive investment promotion campaigns, aimed at boosting the economic and social development of the state as well promote wealth and employment creation.
An election observer, Yiaga Africa, Friday, ahead of bye-election across the six geopolitical zones of the country, scored the Independent National Electoral Commission’s preparedness on average while it predicted low voter turnout.
Suspected armed bandits on Saturday disrupted the voting process during the State Assembly election in Oroji village in Rini ward of Bakura local government area of Zamfara state.
The Federal Government said on Friday that despite that fake news and misinformation on social media fuelled the recent #EndSARS crisis, it would not shut down the internet or stifle press freedom.
Governor Bello Masari of katsina State has approved automatic employment of first class graduates of the state University: Umaru Musa Yar’Adua University, UMYU, into the civil service of the state.
Antonio Conte is in the firing line with another Champions League failure looming as his Inter Milan side head to Borussia Moenchengladbach on Tuesday with their hopes of reaching the knock-out stage hanging by a thread.
The top U.S. intelligence official stepped up President Donald Trump’s harsh attacks on Beijing on Thursday by labeling China the biggest threat to democracy and freedom worldwide since World War Two and saying it was bent on global domination.
The Independent National Electoral Commission (INEC) on Friday cautioned politicians against vote buying, food sharing and other activities capable of buying the conscience of voters at polling units duing Saturday’s Lagos East by-elections.
Security agencies have reported that no fewer than seven persons have been killed by gunmen in fresh attacks in southern Kaduna State.
Plateau State Governor, Simon Bako Lalong, has commiserated with former Secretary to the Government of Plateau State and the Chairman of the Plateau State Economic Advisory Council, Nde Ezekiel Gomos, over the death of his wife, Mrs. Hauwa Rena Gomos.