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

Home Category Business News Politics

Politics

General news on the economy and politics.

Budget

FG to further revise 2020 budget oil benchmark to $20 per barrel

The Federal Government has said that it is planning to revise the 2020 budget oil benchmark to $20 per barrel.

NDDC, Cash transfer, President Buhari, non-oil Exports, oil revenue, export revenue, FG Waives import duties for medical supplies, Orders Customs to expedite clearing, Presidency faults report on Kyari as Buhari didn’t cancel memos, appointments approved by him

FG waives import duties for medical supplies, orders Customs to expedite clearing

by Ruth Okwumbu-Imafidon

The waiver is expected to strengthen the health system in the country, and support the efforts of the Nigerian Centre...

U.S dollar ignores red flags, surge against major currencies

by Olumide Adesina

The American dollar continued its bullish run for 48 hours, even as currency traders raised concerns over rising tensions between...

Crude oil in Nigeria, Oil producing states in Nigeria, Department of Petroleum Resources, DPR yet to recognise Anambra Enugu and Kogis States as oil producers, West Africa’s crude inventory is building up as demand slows due to Coronavirus, Oil at $26, as Saudi Arabia in no retreat no surrender oil battle with Russia, Crude oil prices fall to $30 as COVID-19 erases gains from oil production cuts, Crude oil prices surge higher as Brent crude hits almost $30 per barrel , Brent crude plunges 5%, world’s second largest economy skips economic growth target

Crude oil prices surge higher, Brent crude nears $30 per barrel

With the slowdown in supply glut and improvement in oil demand due to easing of lockdown in economies across Europe,...

AfCFTA,,Take-off of Africa Free Trade Zone suffers set back

Politics

AfCFTA delay: A bane to Africa’s $3.4 trillion economic bloc

by CSL Stockbrokers

Wamkele Mene, revealed that the implementation of the AfCFTA agreement will not begin on July 1st, 2020 as planned due...

Banking crisis imminent over debt by independent oil producers, Crude oil prices up 32% though report still paints gloomy picture Crude oil prices up 32% though report still paints gloomy picture, Hope for Higher Oil Prices., Nigeria’s oil crisis compounded as India’s fuel demand crash by 60% , Nigeria’s Bonny light hits $25 dollars, Saudi pledges more oil cuts

Nigeria’s oil crisis compounded as India’s fuel demand crashes by 60%

In what may have compounded Nigeria’s energy crisis, India has reported a 60% slump in gasoline and diesel demand

FG spends $22.2m of $322m Abacha loot on social programmes, FG recovers another $311 million Abacha loot from US, Jersey, $311 million Abacha loot handed over to Nigeria Sovereign Investment Authority — FG

FG recovers $311 million Abacha loot from US, Jersey

Nigeria has recovered over $311 million of stolen funds from the country’s former military ruler, General Sani Abacha from the...

Sanwo-Olu, COVID-19: Lagos ramps up measure to smash disease as it begins fumigation, Covid-19: Total lockdowm imminent as Lagos fears confirmed cases could hit 39,000, Hotels to remain shut in Lagos, as manufacturing and construction companies get conditional waivers, COVID-19 palliative: Sanwo-Olu concludes Homegrown School Feeding Programme

Manufacturers, construction companies to receive waivers from Lagos State during lockdown ease-up phase

by Ruth Okwumbu-Imafidon

May 4, 2020

In the meantime, it appears all relaxation centres and other related businesses will remain shut for now until a review...

Impact of covid-19 on earnings and profitability of Nigerian banks, positives and negatives – report, Covid-19: Impact on capitalization of Nigerian banks - Report

Banks to witness low earnings over Coronavirus- Report

May 4, 2020

The Nigerian economy, which had hitherto been fragile, has been badly hit by the impact of the lockdown resulting from...

CBN reveals framework for the N75 billion Youth Investment Fund, Economic Growth, CBN, Governor, Emefiele, CBN releases new capital base, sanctions for Microfinance Banks, Nigerian Banks broadly positive after naira devaluation, Naira hits N465 to $1, Central Bank begins disbursing $100million to hit at currency speculators, CBN appoints 3 Pre-Shipment Inspection and 2 Monitoring Agents for non-oil exports