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.

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).

Plan To Borrow 2trn From Pension Fund By FG Faces Stiff Resistance

In the last three weeks in Nigeria, there has been growing tension and anxiety between the Federal Government, the trade union and civil society at large over a plan by the Federal government to borrow N2 trillion out of the N10trillion pension fund, to finance infrastructure.

The Minister of Agriculture and Rural Development, Sabo Nanono says the federal Government is considering banning fish Importation by year 2022 to encourage local production and boost revenue. The Minister made this statement in Abuja when he received a delegation of National Fish Association of Nigeria (NFAN) lead by the president of the Association, Dr. Gabriel Ogunsanya.

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.

President Muhammadu Buhari on Tuesday launched Nigeria’s new visa policy. According to Dailytrust, the policy allows citizens of other countries to visit Nigeria without visas. However, on arrival, the visitor would commence the process of securing a visa for the duration of their stay. President Buhari while speaking at the ceremony, said the policy will improve the business environment, attract Foreign Direct Investment and boost tourism without compromising national security.

Economy: Nigeria record growth by 2.27% in 2019 – NBS

The National Bureau of Statistics (NBS) has today released the Gross Domestic Product report for the 2019 fiscal year indicating the economy rising by 2.27 per cent in the 2019 physical year.

Organized labour in Niger state on Monday directed workers in the state to embark on an indefinite strike from February 4, over non-implementation of the new national minimum wage by the state government. According to Vanguard, the directive was contained in a statement jointly signed by Mr Yakubu Garba, chairman, Nigeria Labour Congress (NLC) and his Trade Union Congress (TUC) counterparts Yunusa Tanimu.

The Federal Government is set to this week sign a tripartite agreement with the United States of America (USA) and the Island of New Jersey for the repatriation of $321 million looted by late Head of State, Gen. Sani Abacha. Dr. Umar Gwandu, spokesperson of the Attorney-General of the Federation and Minister of Justice, Justice Abubakar Malami (SAN) made the disclosure in a statement, saying the AGF would sign the agreement during a three-day meeting in Washington DC, on behalf of the Federal Government.

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