NNPC Says Goodbye to Petrol Subsidy The Nigerian National Petroleum Corporation (NNPC) has said the era of petrol subsidy is gone forever. Mele Kyari, the Group...
Debt: FG Suspends Interest Payments For States The Federal Government has directed the Central Bank of Nigeria to suspend the payment of interest on debts owed...
Fitch Lowers Nigeria’s Foreign-currency Nigeria’s long-term foreign-currency issuer was downgraded from B+ to B by the Fitch Ratings on Monday. The negative outlook was a result...
FG to Borrow Another $6.9 Billion The Federal Government will raise another $6.9 billion from three foreign financial institutions, according to the Minister of Finance, Budget...
Nigeria, Other Emerging markets Face Debt Crisis Falling foreign reserves, rising capital flights, weak currencies and rising debt obligations amid global health crisis have left many...
Weak Economic Activities May Force Banks to Cut Lending Weak economic activities due to lockdown in key states could prevent banks from lending money to the...
Oil Prices Pullback on Monday as OPEC Postpones Meeting Oil prices slightly pulled back on Monday during the Asian trading session after OPEC postponed the meeting...
COVID-19: Another Five Patients Discharged in Lagos Lagos, Nigeria’s commercial capital, has discharged five coronavirus patients from the Infectious Disease Hospital in Yaba, Lagos on Sunday,...
COVID-19: Confirmed Cases Inched Higher to 232 The number of confirmed coronavirus cases rose to 232 on Sunday, according to the Nigeria Centre for Disease Control....
Gas Shortage Hinders 10,362.5mw Gas shortage to thermal power plants between April 2 and 4 hindered the generation of 10,362.5 megawatts of electricity, according to power...