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2020 Budget: FG Proposes Cut On Oil Benchmark To $30 Per Barrel

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The Federal Government has today proposed the slashing of the proposed oil benchmark which was earlier put at $57 per barrel for the year 2020 budget to $30 per barrel to accommodate reality.

Coronavirus: IMF, World Bank Advocate Suspension Of Debt Payment By Poor Countries

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The International Monetary fund (IMF) and the World Bank has today advocated for governments to suspend debt servicing by the world poorest countries to enable them to redirect the money for the containment of the deadly COVID-19 pandemic.

Oil Price Slump To 17-year Low

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Panic has continued to grip the international oil market as the price of the Brent crude nose-dived on Wednesday hitting the lowest ebb in the last 17 years amid price war between Saudi Arabia and Russia have to continue unabated coupled with the coronavirus pandemic.

Oil Sinks Further By 8%, Now $22.50BP

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Oil took another eyewatering 8% tumble (selling at $22.50 bp) on Monday after been hit by a fight for market share between Saudi Arabia and Russia, with neither showing signs of backing down even as global transport restrictions hamper demand. The world shares have buckled again and fears are beginning to mount as the global coronavirus shutdown could last for months.

The Central Bank of Nigeria has suspended of the sale of Foreign Exchange (Forex) to Bureau De Change Operators (BDCs) in the country, issuing a two weeks market holiday.According to Alhaji Aminu Gwadabe, President of the Association of Bureau De Change Operators of Nigeria (ABCON),

Airline Operators in Nigeria Suspends Operation Over COVID-19

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Domestic airline operators in Nigeria have commenced the suspension of all flight operations over Coronavirus outbreak in the country. The suspension of operations is coming on the heels of an earlier memo from the Nigerian Civil Aviation Authority (NCAA) announcing the closure of all airports to international flights.

Bitcoin Price Crashes, Loses Value Per Minutes

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The price of bitcoin and other cryptocurrency has plummeted dramatically, losing 20 per cent of its value in less than an hour, wiping out almost $30 billion from the crypto markets.

IPPIS: Strike Looms In Universities, As Only 'Enrollees' Will Be Paid

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On Thursday, 30th January 2020, Federal Government disclosed that only University lecturers captured on the Integrated Personnel Payroll Information System (IPPIS) will be paid for January 2020 salary. The Government added that payment of the tertiary institutions’ lecturers will begin today, Friday, 31st January 2020.

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele and the Governor of Kaduna State, Mal. Nasir El-Rufai, on Monday, flagged-off an N10.25 billion Tomato company, in Kaduna.  Speaking at the flag-off ceremony, Mr Emefiele said the massive Foreign Direct Investment by Tomato Jos, an American company was made possible by the economic diversification agenda of the present administration.

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