Brent, the oil against which Nigeria’s crude is priced, has hovered around $35 per barrel for about one week, raising concerns of a possible hike in petrol price in Nigeria any time soon.
An analysis of global oil trading rates...
Despite the rate at which the sting of the novel Coronavirus had punctured the economic sector of advanced countries across the globe, Nigeria’s gross domestic product (GDP) expanded by 1.87% in the first quarter of 2020, a new report...
Nigeria may be heading for another billion-dollar arbitration as a debt-recovery firm is demanding $1,501,539,032 from the federal government over a botched contract, TheCable can report. Little-known Trobell International Limited had been engaged by Abubakar Malami, the attorney-general of...
The Governor of Lagos State, Mr Babajide Sanwo-Olu, has said government officials will be visiting churches, mosques, companies to evaluate their preparedness to fully reopen.
According to him, social distancing and hygiene will be prerequisites to reopening religious places of...
Nigerians will pay much higher tariff for power in 2021, going by promises made by the Federal Government to the International Monetary Fund while seeking the $3.4bn emergency financial assistance recently approved for Nigeria.
The Executive Board of the IMF...
Lagos State has recorded 39 fresh coronavirus infections, Punch reports. This brings the total number of cases in the state to 1107 including 30 fatalities and 247 recoveries, according to the Nigeria Centre for Disease Control on Sunday night.
Announcing...
A socio-political group in Ondo State under the aegis of Akingboye Youth Support Group (AYSG), has assured that their principal Otunba Bamidele Akingboye (OBA) a governorship aspirant under the Peoples Democratic Party (PDP) platform will promote entrepreneurship and develop...
The dollar sold for N450 in the parallel market on Friday, showing a shallow and dry reflection of the foreign exchange market. Impact of the crude oil prices which had been fluctuating, and fell to as low as $21,...
The Bank of Industry (BOI) has not fully complied with the directive issued by President Muhammadu Buhari on granting a three-month moratorium to loans given by government institutions, TheCable report.
Delivering his presidential address on March 29, the president had...
The Vice president of Nigeria, professor Yemi Osinbajo is sourcing for multiple options that will aid the country in overcoming the economic challenges imposed on citizens particularly, "the common man".
Osinbajo on Tuesday met with the international monetary fund and...
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