#Covid-19: FCT Minister Announces Guidelines For Lockdown Ease Off, Directs Non Resident Workers In FCT To Stay Away

by Olatorera Dickson-Amusaon May 2, 2020
Honourable Minister for the Federal Capital Territory Abuja, Mallam Muhammad Musa Bello has announced strict guidelines regulating the easing of the lockdown in the capital city, as part of measures to contain the spread of Covid-19. This message was passed across through a press release signed earlier today by the FCTA Chief Press Secretary, Anthony […]

Nigeria’s Crude Oil Exports To Fall To 602,000 BPD From 828,000 BPD

by William Ukpeon May 2, 2020
Nigeria’s Crude Oil Exports are exported to fall to 602,000 Barrels Per Day in June after data from oil traders emerged on Friday. Nigeria’s four key grades are expected to see a combined reduced export margin in June compared to May. Royal Dutch Shell expects it exports of the Nigerian Bonny Light to fall to […]

Regime Arrests Leaker Of Buhari’s Monday Night Broadcast

by Chuks Azotanion May 1, 2020
A suspect (name undisclosed) who leaked Nigerian Ruler, Muhammadu Buhari’s Monday night broadcast has been arrested. Recall, that before Buhari’s 8pm address to the nation, a version of his broadcast was already in circulation leaving many to wonder how a highly confidential piece could have been leaked to the public. Confirming the arrest, Special Adviser on Media […]

Nigeria’s Crude Oil Exports To Drop by $26.5 Billion – IMF

by William Ukpeon April 30, 2020
The International Monetary Fund( IMF), expects Nigeria’s Crude Oil exports for the remaining year to drop by $26.5 Billion as Covid-19 affects global demand. This comes as Africa’s biggest oil producers, Nigeria and Angola are expected to reduce production for the months of May and June in a new OPEC agreed cut deal. Each OPEC […]

Oronsaye Report: President Buhari Gives Approval To Implement Report

by William Ukpeon April 30, 2020
President Buhari has given the go ahead to implement the Oronsaye Report according to the Minister of Finance, Zainab Ahmed. The report which calls for the scrapping and merging of 220 federal agencies out of the remaining 541 agencies as a means to reduce Government spending. It appears that President Buhari has given the go […]

CBN Resumes Dollar Sales For SMEs, School Fees To Help Revamp The Economy

by Seun Adeuyion April 30, 2020
The Central of Nigeria (CBN) says it has resumed the provision of foreign exchange to commercial banks for onward sales to small and medium enterprises (SMEs) wishing to undertake the importation of essentials needed to help revamp the economy devastated by the deadly coronavirus pandemic. The apex bank announced the resumption of the exercise on Wednesday […]