Oil prices slumped on Monday morning in Asia as the Coronavirus pandemic continued to hurt demand while the price war between Saudi Arabia and Russia remained...
The Peoples Democratic Party (PDP), has called for further reduction in the pump price, describing the N125 per litre as ordinary cosmetics measures. In a statement...
Nigeria, which relies on oil shipments for about two-thirds of government revenue, has increased its production output, and is also offering its main export crudes at...
The Nigerian National Petroleum Corporation (NNPC) has cautioned against panic buying of fuel, declaring that it has enough petroleum products to serve Nigerians for over sixty...
The Central Bank of Nigeria (CBN), in a note issued to Bureau De Change operators (BDCs) in the country, has suspended the sales of foreign currency...
A report by Renaissance Capital (Rencap) has singled out Nigeria and Angola, two of Africa’s largest oil producers as two possible economies that may face recession...
Despite mobilizing several billions of Naira to attempt to supposedly cushion the effects of the present lockdown occasioned by the spread of Covid-19 the same CBN...
Nigeria was pushed deeper into ‘junk’ territory to B-, Mexico was lowered to BBB, leaving it just two cuts from junk, Colombia is now just one...
Africa’s richest man and the President/Chief Executive, Dangote Industries Limited, Aliko Dangote has dropped down the Forbes rich list after his total net worth dropped by...
The Central Bank Nigeria (CBN), says it’s collaborating with the Nigerian Financial Intelligence Unit (NFIU) to uncover speculation and would charge such dealers for economic sabotage....