Vice President Yemi Osinbajo has inaugurated the Federal government Economic Sustainability Committee focused on developing sustainable response to the economic downturn arising from falling oil prices...
Nigeria’s external debt stock rallied to $27,676.14 billion as at December 31, 2019, according to data obtained from the Debt Management Office (DMO). This indicated a...
The Lagos State COVID-19 Taskforce, has sealed several companies and a brothel for violating the two-week stay-at-home directive. The Director-General, Lagos State Safety Commission, Mr. Lanre...
The Federal Government has announced that all markets in states where a lockdown was imposed (Lagos, FCT and Ogun) will be allowed to open between 10:00...
The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) says selling of Liquefied Petroleum Gas (LPG), also known as cooking gas, is exempted from the lockdown...
The Nigerian Electricity Regulatory Commission (NERC) has directed electricity distribution companies (DisCos) in the country to suspend the proposed tariff increase. In January, the regulator had...
A global shortage of condoms is looming, the world’s biggest producer said, after a coronavirus lockdown forced it to shut down production. Malaysia’s Karex Bhd makes...
Nigeria has appealed to private companies to make voluntary contributions towards the 120 billion naira ($330 million) the government says it needs to fight the coronavirus...
Nigeria’s Minister of Finance, Zainab Ahmed has proposed a review of the 2020 budget using a US$30 per barrel price benchmark as against USD$57 initially passed...
The World Bank Group said it is ready to deploy about $150bn over the next 15 months to help the economic recovery of countries affected by...
The world economy is facing “severe” economic damage from the coronavirus pandemic that could be even more costly than in 2009 and will require an unprecedented...
As part of measures to curtail the spread of the deadly Coronavirus, the Lekki Concession Company (LCC) has said there will no longer be cash payments...