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Nigeria’s economic reforms: Governor insists President Tinubu is taking the right steps

August 13, 2025

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General news on the economy and politics.

Vultures in flight: Should Nigeria consider suspension of sovereign debt payments like Argentina?

by Olumide Adesina

April 23, 2020

The vultures of finance at the center point of the COVID-19 pandemic causing significant economic damage around the world.

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

NIGERIA OIL: Darker days ahead as Brent falls below production cost

by CSL Stockbrokers

April 23, 2020

Oil prices have continued its downward trend, with Brent crude falling below its average unit cost of production of c.US$23....

Naira crashes further at the parallel market due to dollar scarcity, lowest since 2017

The downward slide of the naira in the parallel market appears to be continuing unabated as the slump in crude oil prices

Lagos State Government seeks partnership with insurance operators , Abule-Ado explosion: Lagos State Government presents cheques to survivors

Abule-Ado explosion: Lagos State Government presents cheques to survivors

by Ruth Okwumbu-Imafidon

Six weeks after the Abule-Ado explosion, Lagos State Government has presented cheques to families of the 23 deceased victims

Covid-19, Conditional cash transfer: FG gives reason for disengagement of 2 Payment Service Providers, President Buhari asks the Chief Justice to release prisoners due to coronavirus

President Buhari asks Chief Justice to release prisoners due to coronavirus

President Muhammadu Buhari has asked the Chief Justice of the Federation, to release prison inmates who have been on the awaiting trial.

Economy: IMF & World Bank differ on Nigeria’s growth outlook, Amid coronavirus spread, World Bank to step down global growth forecast , Nigeria to receive first tranche of World Bank’s $3 billion loan soon, World Bank commits $12 billion to curb coronavirus, defend developing countries’ economy

World Bank says remittances to Nigeria, other LMICs will drop by 20% in 2020

by Abiola Odutola

World Bank has projected that the remittances to Nigeria, Egypt, Senegal and other Low and Middle-income Countries (LMICs) would drop...

Crude oil prices record gains after tropical storm hit Gulf of Mexico, The world's biggest oil hedge program underway, crude oil, Nigeria's Crude oil, Bonny light crude oil crashes as Nigeria runs into deeper revenue crisisBonny light crude oil crashes as Nigeria runs into deeper revenue crisis, Brent crude futures gained 0.92%, at $36.08 per barrel, while the U.S. West Texas Intermediate (WTI) crude futures also gained 0.54%, at $33.67 a barrel, Crude oil prices hit $40 per barrel as inventory build-up declines, EIA increases Brent price projection by $2.50 for 2020

Bonny light crude oil crashes as Nigeria runs into deeper revenue crisis

Analysts believe that the recovery of the oil market will take time, as things will only start easing off when...

Bank of Industry seals landmark $1 billion syndicated term loan, Female entrepreneurs get N26 billion BOI loans , BOI donates N700 million to aid fight against coronavirus, BOI denies running a loan empowerment scheme

BOI denies running a loan empowerment scheme

April 21, 2020

BOI has dissociated self from online publications, that claims it is running a program called “Bank of Industry Loan Empowerment for Entrepreneurs.”

CACOVID devotes N23 billion to feed Nigerians

CACOVID devotes N23 billion to feeding Nigerians

by Ruth Okwumbu-Imafidon

April 21, 2020

CACOVID has set aside N23 billion to purchase food items and reach out to 10 million vulnerable Nigerians, would be...

Oil prices, OPEC crude oil production drops to its lowest in nearly 30 years