International Market

A Nigerian Chima Vitalis and an Indian woman have been arrested in Delhi for being in possession of 10.5 kg of amphetamine, worth $1.4 million.

As oil prices continue to fluctuate in the international market, experts in the services industry want government’s attention and promotion of services export to boost economy.

The Minister of Finance, Budget and National Planning, Zainab Ahmed, said on Thursday that the resurgence of COVID-19 pandemic in Europe, may affect the 2021 budget estimate.

A protest by the proscribed secessionist group, Indigenous People of Biafra (IPOB), turned violent in Ebonyi on Monday as suspected members of the group launched an attack on the Central Police Station in Abakaliki, the state capital.

The Nigeria Labour Congress has rejected the increase in price of Premium Motor Spirit, also known as petrol, from N148.50 per liter to N151.56 per litre.

Oil marketers have denied receiving petrol subsidy payments in June 2020 as disclosed by the Nigerian National Petroleum Corporation (NNPC) in its latest operations report.

A Capital Market operator, Mr Boniface Okesie, says there is need for the Federal Government to urgently give COVID-19 bailout funds to local companies to reposition the economy.

Ekiti State government in partnership with the Central Bank of Nigeria (CBN), have entered into partnership to empower 1,000 farmers in the state for commercial production of Cassava.

A Coalition of five Civil Society Groups in Southeast, yesterday, wrote to Governor Willie Obiano of Anambra State, appealing to him to reverse and rescind the disbandment of a state traffic agency, the Willies Work Force, WWF.

Former Vice-President, Atiku Abubakar, has faulted the latest review of the 2020 budget by the Federal Government, saying it shows that the administration has lost touch with current global economic realities.

The Federal Operations Unit of the Nigeria Customs Service says it has intercepted a vehicle with COVID-19 sticker used for smuggling frozen chicken into the country.

The Peoples Democratic Party, PDP, has rejected the new ex-depot price of N108 per litre of the Premium Motor Spirit insisting on a new pricing template that must accommodate a pump price of between N60 to N70 per litre to reflect the crash in the price of crude oil and petroleum products in the international market.

The Nigerian National Petroleum Corporation (NNPC) has announced that Nigeria may stop production of crude oil if the prices of crude oil in the international market continues to fall consistently.

The Peoples Democratic Party (PDP) has called on President Muhammadu Buhari to immediately reduce Petroleum pump price from it current N125 to a maximum of N90 per litre as a measure to cushion the economic burden on Nigerians.

Tunisia has started negotiations with the International Monetary Fund for a new loan programme, but a plan to issue bonds is on hold because of the coronavirus, the finance minister said on Monday.

Few days after Governor Yahaya Bello announced measures including restriction of large social gatherings to contain the Covid-19 (coronavirus) pandemic, the Kogi State enforcement team shut down the Lokoja International market Tuesday, being market day.

Some economic experts, on Thursday, expressed the need for the Federal Government to immediately and purposefully develop the non-oil sector to mitigate the effect of slump in oil price in the international market.

Goods worth millions of Naira were destroyed as fire razed parts of the Ita-Osu International Market located in Ijebu-Ode Local Government Area of Ogun State.