We Were Afraid Of Technology: Investors In The Stock Market Make Gain Of N897bn - SEC

Against the backdrop caused by the lockdown of COVID-19 on businesses, the Nigerian economy in the stock market made a huge boost through remote trading on fintech to gain N897 billion during the last month of April.

Petrol Price To Be Determined By Market Forces Henceforth – PPPRA

Following the price liberalisation of the downstream sector of the oil market, the Petroleum Product Pricing Regulatory Agency (PPPRA) said on Monday that, Nigerians should get prepared to pay a higher price or low price on petroleum depending on how the market forces swing the pendulum.

As Pandemic Prolongs: Ban On All Flights Extended By One Month – FG

The Federal Government in an effort to curtail the more spread of the COVID-19 across the country, it has extended the ban on all flight both domestic and international by four weeks.

Nigeria Crude Oil Export Sales Exceeds N150b

Nigerian National Petroleum Corporation (NNPC) in a released data has disclosed that Nigeria export sale of crude oil and gas has exceeded N150 billion which is a 94.30% increase when compared to December 2019 figures (N49 billion). The Corporation made this disclosure during its Monthly Financial and Operations Report.

President Muhammadu Buhari has issued new directives on the Coronavirus (COVID-19) donations to Nigeria, approving the opening of five COVID-19 Donor Accounts in line with the Treasury Single Account (TSA) arrangement with commercial banks.

COVID-19: FG Set To Disburse N50bn Through CBN From Tomorrow Thursday

The disbursement of the first tranche of the Central bank of Nigeria (CBN) N50 billion targeted credit facility is set to commence tomorrow, Thursday, 23rd April 2020.

Mass Sack By Commercial Bank – CBN Wades In To Halt Decision

The Central Bank of Nigeria (CBN) has waded in to halt the lay-off by commercial banks.

Oil Price Slumps To All Time Low

Oil prices have plunged into an all time low as West Texas Intermediate (WTI) is now trading at $-2 per barrel, while Brent down by 8.9%, is trading at $25.57 a barrel. This will be the lowest Oil futures has traded in two decades and this is as a result of the COVID-19 pandemic which has made demand for crude to continue to plummet and U.S. storage tanks fill up, despite a landmark deal between OPEC and its allies to cut global production by record levels.

International Bodies IMF And Germany Approves Nigeria $3.5 Billion Capital

The International Monetary Fund (IMF) on Tuesday, April, 28 approved Nigeria’s $3.4 billion emergency loan request to equip the country with the necessary assistance in battling the impact of the coronavirus (COVID-19) pandemic. Nigeria, which is to pay the loan within five years, is receiving the largest allocation yet by the IMF to an African country’s loan bid to contain the pandemic.

Lagos-Ibadan Rail Project Reaches 90% Completion

The Federal Ministry of Transportation has stated that Lagos-Ibadan standard gauge rail project has achieved 90% completion and will be open for use soon. Permanent Secretary (PS) to the Federal Ministry of Transportation Mr Sabiu Zakari while handing over to the new PS Mr Hussaini Adamu at the ministry’s headquarters in Abuja made the disclosure about the Lagos-Ibadan standard gauge rail project.