The Nigerian National Petroleum Corporation (NNPC) has informed that its depots will be in operation during the Lockdown in Some selected States of the country including FCT, Lagos and Ogun State. This is to ensure the availability of petroleum products in the country.

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.

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.

OPEC and other oil producers have been summoned over an emergency meeting to quench the current oil war between Russia and Saudi Arabia and to also bring stability in the oil market which have been in turmoil since a deal on supply curbs collapsed.

President Muhammadu Buhari has directed the Ministry of Finance, Budget and National Planning to ensure that Nigerian civil servants receive their salaries as soon as possible.

The Nigerian Electricity Regulatory Commission (NERC) following the hit from the COVID-19 pandemic has directed the 11 Distributions Companies (DisCos) to suspend the Electricity tariff hike which was slated to commence today until June 30th, 2020.

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.

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.