Pascal Arogorn Ibe
- Economy
- August 30, 2020
- 469 views
Fuel subsidy returns, as NNPC pays N5.4bn as under recovery
Subsidy on Premium Motor Spirit, PMS, also known as petrol, has once again resurfaced, as the Nigerian National Petroleum Corporation, NNPC, weekend, said it incurred N5.35 billion as under recovery…
- Economy
- August 30, 2020
- 446 views
FG to inject over N600bn into agriculture for food security – Minister
The Federal Government is set to inject over N600 billion as stimulus response into the agriculture sector. The Minister of Agriculture and Rural Development, Sabo Nanono, made this known in…
- Economy
- August 30, 2020
- 544 views
Senate to bar FIRS, Customs, NBC, 57 others from getting federal allocations
Barring any last- minute changes , the Senate is set to advise the Federal Ministry of Finance, Budget and National Planning to exclude 60 federal agencies from getting allocation from…
- Economy
- August 27, 2020
- 436 views
Naira to trade at 386/$ as CBN resumes FX sale to BDCs
The Central Bank of Nigeria (CBN) says it will resume weekly forex sales to Bureau de Change operators from August 31. In a circular signed by O.S. Nnaji, director of…
- Economy
- August 26, 2020
- 389 views
Presidency reacts to Q2 NBS figure, says no cause for alarm
The Presidency says the Second Quarters 2020 Gross Domestic Product (GDP) estimates released by the National Bureau of Statistics (NBS) is relatively far better than many other countries recorded during…
- Economy
- August 25, 2020
- 377 views
Buhari lists nine priority ahead to improve livelihood of Nigerians
President Muhammadu Buhari Tuesday in Abuja assured Nigerians and the international community that his administration will use the remaining years in office to improve access to quality education, health care…
- Economy
- August 24, 2020
- 427 views
Nigeria’s economy shrinks by 6.10% in Q2
First time in more than three years, the nation’s economy shrank in the second quarter of this year as the Gross Domestic Product fell by 6 .10 per cent .…
- Economy
- August 21, 2020
- 386 views
Power generation sinks to 3,356MW after new 5,420.30MW peak
Power generation in the country fell to 3 ,356 megawatts on Thursday less than two days after a new peak of 5 ,420 .30 MW was achieved . The Transmission…
- Economy
- August 20, 2020
- 424 views
World Bank clears 35 states in Nigeria for US$1.5bn COVID-19 stimulus package
The World Bank has cleared 35 states for the US$1.5billion stimulus package for Nigeria’s states to cushion the economic effects of the COVID-19 pandemic. The plan is part of the…
- Economy
- August 20, 2020
- 424 views
Nigeria’s power transmission hits all-time peak of 5,420.3MW
The Nigerian power industry achieved another improved all – time national peak of 5 ,420 .30 megawatts, the Transmission Company of Nigeria announced on Thursday. It was also gathered that…
adminHow to pull Nigeria from the brink
.By Atiku Abubakar On Monday, April 27, 2020, British oil and gas giant, BP, became the latest in a growing number of energy firms to declare a massive quarterly loss.…
Oil price apocalypse will bankrupt Nigeria, Africa’s richest nation
.William Ebbs @ebbs_william With oil prices falling below zero dollars per barrel, it’s only a matter of time before Nigeria’s debt-ridden government goes bankrupt. Nigeria is slipping toward economic collapse…
NNPC loading depots to remain operational, as FG promises product availability
In its bid to ensure that the Presidential directive on the lockdown of some states is adhered to without concerns about availability of petroleum products, the Nigerian National Petroleum Corporation…
COVID-19 Fallout: 80 countries seek financial help from IMF
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has said the human costs of the coronavirus (COVID-19) pandemic are already immeasurable. She also disclosed that nearly 80…
Shake-up As NNPC Retires 40 GGMs, GMs
The management of the Nigerian National Petroleum Corporation has retired no fewer than 40 Group General Managers (GGMs) and General Managers (GMs) at the oil firm. It was gathered…
