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 and enhance productivity, while listing nine priority areas. The President, who received Letters of Credence from Ambassadors/High Commissioners of eight countries at the State House, […]
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 . The National Bureau of Statistics , in its GDP report for Q 2 2020 , said on Monday that the decline was largely attributable to […]
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 Company of Nigeria announced on Thursday that the nation’s power industry had achieved yet another all – time national peak of 5 ,420 .30 MW […]
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 World Bank’s package for immediate fiscal relief for Nigeria, following discussion between its Country Director and the Economic Sustainability Committee, chaired by Vice President Yemi […]
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 the 5 , 420 .3 MW was effectively transmitted through the national grid at a frequency of 50 . 10 Hz at 9 :15 pm […]
.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. Their loss was in the region of $4.4 billion dollars. Bear in mind that this was a conglomerate that posted a $2.6 billion profit in […]
.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 that could include a devalued currency and soaring inflation as oil prices go negative. Oil prices have fallen to all-time lows with some benchmark futures […]
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 (NNPC) has announced the activation of measures to guarantee seamless distribution of fuel across the country throughout the period of the lockdown and beyond. A […]
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 countries are requesting for its help. The IMF boss who said this in a podcast posted on the Fund’s website, pointed out that, the Washington-based […]
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 on Thursday in Abuja that the affected GGMs and GMs were asked to leave the employ of the oil firm on Wednesday. Sources at the […]
