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Crude Oil 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.
Nigeria may soon slip out of reckoning as a profitable oil producer in the Organisation of Petroleum Exporting Countries (OPEC) if crude oil prices decline further by at least another $3.
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.
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The Petroleum Products Pricing Regulatory Agency (PPPRA) kept the petrol dealers guessing on Tuesday when it approved an ex-depot price of N138.62 per litre for the Premium Motor Spirit (PMS) petrol and kept the pump price to its chest.
The Minority Leader of the House of Representatives, Rep. Ndudi Elumelu (PDP-Delta), says opposition lawmakers in the house have been at the center of unearthing and exposing acts of corruption in the country.
The Zamfara State Government has directed secondary schools in the state to reopen from August 9, to enable exiting students sit for Secondary School Certificate Examination (SSCE).
Activities on the Nigerian Stock Exchange (NSE) extended a positive trend on Tuesday with key market indices appreciating further by 0.31 per cent.
The Executive Secretary, National Universities Commission (NUC), Prof. Abubakar Rasheed, says 32 federal, state and private universities across all geopolitical zones are involved in different stages of research toward tackling direct and collateral impacts of COVID-19.
The Seme Area Command of the Nigeria Customs Service (NCS) intercepted 79 used vehicles known as ‘Tokunbo’ and 136,350 liters of Premium Motor Spirit (PMS) called petrol in the last six months.
Confederation of Africa Football Emergency Committee has approved the revised calendar for the Interclubs competitions which was affected by the COVID-19 pandemic.
Senate Chief Whip, Dr Orji Kalu, said on Monday that the Niger Delta Development Commission (NDDC) had not paid contractors that handled roads he facilitated in Abia.
Police in Zimbabwe on Friday arrested internationally-acclaimed novelist Tsitsi Dangarembga as they enforced a ban on protests coinciding with the anniversary of President Emmerson Mnangagwa's election.
Leon Balogun has expressed his delight after helping Rangers secure a 1-0 victory over Aberdeen on his debut appearance on Saturday.