Hope For Nigeria’s 2019 Budget As Oil Price Hits $64.56 Per Barrel

An emerging report indicates that for the first time in 2019, oil price in the international market on 15th February 2019 rose from $62.00 to $64.56 per barrel in the international market, indicating $4.56 in excess of Nigeria’s $60.00 budget benchmark in the 2019 appropriation bill.

Dangote Refinery To Boycott Subsidy On Petroleum Products

 President of Dangote Group, Alhaji Aliko Dangote, has revealed that Premium Motor Spirit (PMS) that will be refined from Dangote Refinery will not be sold at the Federal Government’s regulated price.

Nigeria’s GDP Surge By 1.93% In 2018

Reports available to Vigil360 revealed that Nigeria’s gross domestic product (GDP) grew by 1.93% in 2018. The foregoing was disclosed by a data made available by the National Bureau of Statistics.

CBN’S PMI Report: Nigeria’s Economic Expansion Dip In January 2019

The Central Bank of Nigeria (CBN) on 31^st January 2019 released its Purchasing Managers Index (PMI) report for the month of January 2019 which indicated a slowdown in economic expansion during the month under review.

FG: $30bn To Be Made Annually from MINE

The Federal Government has signed an agreement with investors to generate $30 billion annually on the Made in Nigeria for Export (MINE) project. The agreement which was Presided over by President Muhammadu Buhari at the Council Chambers in the Presidential Villa, Abuja.

Founder of Tony Elumelu Foundation (TEF) and Chairman of one of Africa’s leading commercial banks, United Bank for Africa Plc (UBA), Mr. Tony Elumelu, has explained how government can attract and retain foreign capital to boost the economy.

Nigeria GDP On The Radar Ahead Of February 16 Presidential Election

It has been a positive trading week for the Nigerian stock market with the All-Share Index pushing higher despite US-China trade talks pessimism which may be denting the global market with the risk of export sentiments.

The Ministry of Petroleum Resources has dispelled claims by the House of Representatives that there are sharp practices in the ongoing renewal of oil and gases leases. The Ministry in a statement signed by Mr Idang Alibi, Director of press, in Abuja, on Friday said the early lease renewal embarked upon by the Ministry was to boost the Federal Government’s earning potential and encourage increased investments by the leaseholders.

PMB Signs Anti-Monopoly Law

More than a decade and a half the Bureau for Public Enterprise (BPE) proposed an anti-trust law to checkmate monopoly in the Nation's economy, President Muhammadu Buhari has signed the Federal Competition and Consumer Protection bill.

The Minister of Labour and Employment, Dr. Chris Ngige says the report and the recommendation of the Tripartite Committee on the new National Minimum Wage (TCNMW) is not binding on what the new wage should be.