We’re in full gear, panic-buying, hording, needless efforts – NNPC

Nigerian National Petroleum Corporation (NNPC), said on Monday that those engaging in panic-buying at petrol stations are wasting their time as it would ensure that there would be no scarcity of Premium Motor Spirit (PMS), otherwise known as petrol in some states put on lockdown by President Muhammadu Buhari, on Sunday,...... read more


Fuel price to sell for N90 per litre, as oil price crashes to below $30

If President Muhammadu Buhari gives in to the demands of the Peoples Democratic Party (PDP), Nigerians may soon be buy Premium Motor Spirit (PMS), petrol at just N90, down from the N125, its current price. The demand is contained in a statement the opposition party made on Sunday, as it weighed...... read more


CBN orders banks to disinfect offices nationwide *Begins with own HQ, 37 branches

All banks across the country have been directed by the Central Bank of Nigeria to fumigate their offices, as a further measure to curb the spread of the COVID-19 disease ravaging the world with Nigeria inching to 100 cases and two deaths. This is coming few days after the apex bank...... read more


BREAKING: Africa’s largest market closes over COVID-19

Onitsha Main Market, the largest market in Africa, is to close its gates to its numerous customers from Nigeria and across Africa, in line with the directives of the Anambra State Government for all markets in the state to close down on Monday, March 30, 2020. The markets are to remain...... read more


COVID-19: We won’t shut down - CBN *Trims down workforce to essential staff

Central Bank of Nigeria (CBN), has upped the ante in its bid to contain the spread of the highly contagious COVID-19, starting with pruning down its work force to essential staff at the headquarters and its branches across the country. The bank, in a statement by its spokesman, Isaac Okorafor, said...... read more


COVID-19: CBN out with marshal plan *Injects N1trillion stimulus fund on Economy

The Central Bank of Nigeria (CBN), on Wednesday, announced that it would be injecting N1trillion in all sectors of the economy, as part of a marshal plan to contain the slur in the global economy, as a result of the Covid-19 pandemic, ravaging the world. The apex bank’s decision is coming...... read more


BREAKING: FG crashes fuel price to N125, as cost of crude plunges to $25

Nigerians will begin to buy Premium Motor Spirit (PMS), otherwise known as petrol, at N125, down from N145, as the Federal Government, on Wednesday ordered the Petroleum Products Pricing Regulatory Agency (PPPRA) to immediately adjust the pumps at the filling stations to reflect the new price regime. This is the first...... read more


Buhari to Nigerian youths: The future belongs to you *Awards full scholarship to three students

President Muhammadu Buhari Monday in Abuja granted full scholarship up to the Doctor of Philosophy (PhD) degree level to three secondary students who emerged winners at the year 2020 Young Nigerian Scientists Presidential Award Competition. The scholarship is in any science-related discipline of their choice at any university in the country....... read more


We won’t devalue Naira now – CBN *Goes after speculators

The Central bank of Nigeria (CBN), said on Thursday that there is no basis to devalue the Naira, Nigeria’s currency, as the fundamentals are still strong enough to support its current status. The apex bank, in a statement, said it regretted “rumours and speculative activities of unscrupulous players in the foreign...... read more


Obi speaks again on piling debts: The more we borrow the worse it becomes

Peter Obi, former Governor of Anambra State, has raised the red light signal about the dangers of piling up debts for Nigeria by the current government of President Muhammadu Buhari, saying the economic optics have continued to worsen than improve. Obi, the Vice Presidential Candidate of the Peoples Democratic Party (PDP)...... read more


Oyo too hot for criminals, very fertile for investors - Makinde

Oyo State Governor, Engineer Seyi Makinde said on Tuesday that his administration has been providing a safe and secure state for investors in the state, warning criminally-minded elements to stay away from the state and the South-West geopolitical zone.   The governor, who stated this while signing the Oyo State Security...... read more


Crashed oil price: No cause for alarm, Oyo is in good hands - Makinde

Oyo State Governor, Engineer Seyi Makinde, has expressed his administration’s preparedness to insulate the state from the impact of the impending reduction in federal allocation following the crash in oil prices at the international. The governor stated this on Tuesday, while receiving members of the Forum of ex-political office holders, 2007-2010 from the 33...... read more


Buhari writes Senate to amend Finance Act *Removes animal feeds from VAT

President Muhammadu Buhari has written the Senate, seeking for amendment of the 2019 Finance Act to formally give it a legal framework that the implementation date for the increase of Value Added Tax, VAT  from 5% to 7.5% is 1st of February 2020. In the letter dated 6th March, 2020, received 10th...... read more


Oil price crash: FG jittery, Buhari summons Ministers, CBN Governor, NNPC MD,

President Muhammadu Buhari has summoned a meeting of Nigeria’s major economic managers to a crucial meeting in the Presidency, to work out plans to tackle the effects of the plummeting fall in the price of crude oil. According to an official familiar with the situation, Godwin Emefiele, the governor of the...... read more


Oil price plunges to all-time low, as Saudi Arabia squares up to Russia

  Saudi Arabia rattled the already depressed oil market to its foundation early Monday after unilaterally slashing prices and promising to increase output, after deal with Russia collapsed. The moves sent the prices of oil futures southwards, suffering their biggest daily loss since the Gulf War in 1991. The Saudis also...... read more


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