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Coronavirus: OPEC, allies fail to reach deal on oil production cuts
OPEC and its allies failed to reach a deal on oil production cuts on Friday after Moscow refused to tighten supply to counter…
Nigeria records first negative trade balance since June 2016
Nigeria has recorded its first quarterly trade deficit since July 2016 as the value of its export fell by 9.79 per cent in the…
Lagos-Ibadan rail held by coronavirus outbreak, says Amaechi
The ongoing construction work on the Lagos-Ibadan rail project has been put on hold due to the outbreak of the novel coronavirus,…
AMCON seizes 72 luxury flats, shopping complex over N4.8bn debt
The Asset Management Corporation of Nigeria (AMCON) has confiscated properties belonging to 12 debtors in Lagos over a debt of…
Coronavirus: FG to review budget as oil price plunges
The Federal Government has announced plans to review the 2020 budget as crude oil revenue comes under pressure from the effects of…
Discos reject 17,657MW as power outage persists
Power generation on the national grid wobbled continuously in February as electricity distribution companies rejected a total of…
Electricity: GenCos fail to generate 4,200 megawatts
Electricity Generation Companies (GenCos), comprising gas-fired and hydro stations say they could not generate 4,200 megawatts of…
Dangote announces take-off date for world biggest fertiliser plant
The Dangote Group on Saturday said its $2 billion Granulated Urea Fertiliser plant, the biggest in the world, located at Ibeju…
No ban on domiciliary accounts deposits – CBN
The Central Bank of Nigeria has said that it has not prohibited the acceptance of foreign currency cash deposits by Deposit Money…
Nigeria’s economy grew by 2.27% in 2019 – NBS
The National Bureau of Statistics on Monday released the Gross Domestic Product report for the 2019 fiscal year with the economy…