Next Reopens Online Business

Next will reopen its online business has implemented additional safety measures to cope with the coronavirus emergency. The website of the fashion store had stopped taking orders on 26 March and closed its High Street stores on 23 March.

Coronavirus: IMF, World Bank Advocate Suspension Of Debt Payment By Poor Countries

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.

The Federal Government and Electricity Distribution Companies (DisCos) have on Wednesday agreed to provide Nigerians with two months free electricity in efforts to lessen economic challenges due to the Covid-19.

Oil Price Slump To 17-year Low

Panic has continued to grip the international oil market as the price of the Brent crude nose-dived on Wednesday hitting the lowest ebb in the last 17 years amid price war between Saudi Arabia and Russia have to continue unabated coupled with the coronavirus pandemic.

Finally, Petrol Subsidy Gone For Good – NNPC

The Group Managing Director (GMD) of the Nigerian National Petroleum Company (NNPC), Mele Kyari has disclosed that the era of subsidy on the petroleum by the federal government is gone for good.

Benin, Niger And Togo Asks To Pay N30bn Electricity Bill To Nigeria

The Republics of Benin, Niger and Togo owe Nigerian Government the sum N29.9bn for the electricity supplied to them from January to September of the year 2019 according to the Nigerian Electricity Regulatory Commission (NERC).

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.

President Muhammadu Buhari and other government officials on the helm of finance of Nigeria have convened a meeting amidst crashing crude oil price. At the meeting were; Minister of Finance, Budget and National Planning, Zainab Ahmed; Minister of State for Petroleum, Timipre Sylva; and Minister of State, Budget/National planning, Clement Agba.

2020 Budget: FG Proposes Cut On Oil Benchmark To $30 Per Barrel

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.

Stocks Crashes Worldwide As Corona Virus Threaten Public Health

Major stock market around the world has today took nose-diving as investors have developed cold feet over the threat posed by the dreaded Corona Virus making them stay clear from the financial market over the bleak nature cast by the dreaded virus globally.