Politics

Police adjusts movement restriction for Lagos July 12 LG elections, now set for 6am to 3pm

July 10, 2025

Breaking News

Supreme Court affirms Edo Governor Monday Okpebholo’s election, dismisses PDP, Ighodalo’s appeal

July 10, 2025

Police to restrict movement on Lagos roads, waterways from 3am–3pm on July 12 for LG elections

July 9, 2025

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General news on the economy and politics.

Oil, DPR, FG announces commencement of bids for marginal oilfields despite court injunction

Nigeria’s revenue burden to ease off as DPR announces bids for marginal oilfields

June 2, 2020

Federal High court in Lagos against the FG on the revocation of 2 oil field licenses, DPR has gone ahead...

FG’s plan for N350 billion revenue from oil field licensing suffers setback

June 2, 2020

The 2 marginal fields–the Ororo field, known as OML 95, and the Dawes Island marginal oil field, formerly called OML...

coping-with-possible-effects-of-fuel-subsidy-removal-in-nigeria

PPPRA reduces petrol price to N121.50 per litre

by Olumide Adesina

“After a review of prevailing market fundamentals in the month of May and considering marketers realistic operating costs as much...

Kristalina Georgieva, IMF boss hints at 'synchronized slowdown' in global growth , IMF: 40% of African countries can't pay back their debts , Nigeria worse off, posts grows lower than LIDC benchmark - IMF, Measures introduced by Nigeria to ensure transparent use of the $3.4b IMF loan

Measures introduced by Nigeria to ensure transparent use of the $3.4 billion IMF loan

Most of the critics of the government’s borrowing pattern have often expressed serious doubt about the judicious use of these...

Brent crude drops to $25, oil demand drops by about 10% of world’s consumption, Brent Crude Oil hits $26, as Nigeria's Sweet Crude demand falls, Oil price pushes up before OPEC meeting, Asian equity markets mixed, NIGERIA OIL: Darker days ahead as Brent falls below production cost, Brent crude drops, as oil traders focus on OPEC+ meeting

Markets

Brent crude drops, as traders focus on OPEC+ meeting

by Olumide Adesina

OPEC+ agreed in April to reduce output by an unprecedented 9.7 million barrels per day in May and June after...

OPEC+ to discuss extension of output cut as China gives Nigerian oil a huge boost

OPEC+ to discuss extension of output cut as Chinese demands boost Nigerian oil

Note that OPEC members usually take a decision on their plans for oil trade for the month of July in...

The Empirical Truth about an average Nigerian’s price point

by Lawretta Egba

NBS in a report about poverty and inequality stated that 40% of Nigerians lived below its poverty line of N137,430...

External reserves, CBN to hold MPC meeting next week, Demand for credit by household increases in Q2 2020 - CBN, CBN grants licenses to 3 Payment Service Banks, Mobile money loan CBN Governor, CBN, Three PSBs get Apex Bank’s provisional to commence operations, Milk Import: Experts advise CBN on FX restriction , CBN automates trading system, introduces electronic form to facilitate exports , CBN campaigns for Made-in-Nigeria products , CBN recent macroeconomic policies, others lead to a higher Fitch rating; from negative IDR to a stable ‘B’ rating, AGSMEIS: CBN expand beneficiaries to 14,638.

CBN reacts to videos, pictures of new N2,000 and N5,000 in circulation

May 31, 2020

The videos and pictures of the purported circulation of the N2,000 and N5,000 banknotes as false, a piece of fake...

Banks' stakeholders express 4 main concerns bothering the sector right now, CBN, MARKET UPDATE: CBN’s historic agriculture lending; Is it yielding the desired results?

CBN revises timelines for resolution of dispense errors, refund complaints

by Emmanuel Abara Benson

May 31, 2020

The apex bank said this is in line with its resolve to enhance the quality of service bank customers are...