FG Cuts Oil Benchmark for 2020 Budget To $30 Per Barrel
In the face of dwindling oil revenues, the Federal Government of Nigeria has proposed the reduction of the crude oil benchmark for 2020 budget from $57 to $30 per barrel….
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COVID-19 Pandemic: Benin Republic Closes Border
Following the closure of the Benin-Nigeria border over the Coronavirus, COVID-19 pandemic, cross border trading amongst Africans in the West African sub-region is now experiencing a serious setback. Hundreds of…
Continue readingMonetary Policy Committee of the CBN Foresees Massive Economic Crisis
The Monetary Policy Committee of the Central Bank of Nigeria said COVID-19 pandemic would not only result in health crises, but also massive economic crises that would force even leading…
Continue readingCBN Devalues Naira, Peg $1 to N380 Across board
The Central Bank of Nigeria has technically devalued the Naira by pegging the exchange to the dollar at N380 across all the FX market. In a circular released on Friday,…
Continue readingPrivate Marketers Are Yet to Implement the New Pump Price of Petrol
A survey conducted in Lagos on Thursday morning showed that the Private Fuel Marketers have yet to reduce the pump price of Premium Motor Spirit (petrol) to N125 per litre…
Continue readingFG Reduces 2020 Budget by N1.5tn
Responding to the impact of coronavirus on the economy, the Federal Government of Nigeria on Wednesday announced a reduction in the 2020 budget by N1.5tn. Last week Monday, President Muhammadu…
Continue readingCrude Oil Price Drops To $28, As Economic Council Warn of Recession
The crude oil price of Brent grade continues to decline at the International market on Tuesday, the brent was traded around $28 per barrel. Brent oil fell by $1.40 to…
Continue readingHistory as First Maersk Line’s Direct Service Ship Berths At Onne Port
History was made, when the West Africa Container Terminal (WACT) received the First Maersk’s direct service container ship from Far East at the Onne Port in Rivers State. The vessel,…
Continue readingCBN Extend Loan Repayment for Businesses by One (1) Year – Reduces Interest rate
The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele on Monday announced some new policy measures to tackle the impact of coronavirus on businesses and the country’s economy. Mr…
Continue readingCBN Extend Loan Repayment for Businesses by One-Year – Reduces Interest rate
The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele on Monday announced some new policy measures to tackle the impact of coronavirus on businesses and the country’s economy. Mr…
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