Dollar Sells For N445 As Forex Scarcity Persists
The dollar exchanged for N445 in the parallel market on Monday due to scarcity and shrinking liquidity in the forex market. The extension of the...
FG To Amend The 2020 Budget Oil Benchmark To $20 Per Barrel
Plans are ongoing by the Federal Government to review the 2020 budget to reflect an oil benchmark of $20 per barrel. A report by Reuters...
Nigerians Will Pay Higher Electricity Tariffs – FG Assures IMF
Nigerians will pay much higher electricity tariff in 2021, going by promises made by the Federal Government, FG to the International Monetary Fund, IMF...
FG To Cut Agencies To Reduce Governance Cost – Finance Minister
The President, Muhammadu Buhari, has approved the implementation of the Steve Oransaye Committee report on the rationalisation of government agencies. The Minister of Finance, Budget...
BREAKING: Nigeria Joins OPEC To Cut Crude Oil Production
The Federal Government on Friday said crude oil price would rebound by at least $15 per barrel in the short term following the latest...
[BREAKING] COVID-19: FG Reduces 2020 Budget
The Federal Government has sent a new budget proposal to the National Assembly for consideration in view of global economic realities as a result...
COVID-19: Economic council meets Buhari, warns of recession
The Presidential Advisory Council on Tuesday warned about dire economic consequences for Nigeria if the raging coronavirus infection was not contained as quickly as...
Dangote Loses N240b In 5 Hours To Coronavirus
Africa’s richest man Aliko Dangote on Wednesday lost more than N240 billion in five hours as the effect of the coronavirus bit harder on...
Coronavirus will put severe strain on Nigeria’s budget – Finance minister
The Minister of Finance, Budget, and National Planning, Zainab Ahmed, has said the novel Coronavirus, which had led to a huge drop in crude...
BREAKING: Buhari, Emefiele, Kyari, Others Hold Emergency Meeting Over Oil Crash
President Muhammadu Buhari and officials dealing with government finances are meeting right now. Those attending are the Minister of Finance, Budget and National Planning, Zainab...
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