…shelves planned external borrowings in 2020 budget …Senate approves N850bn bond issuance for FG
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Here’s what the low price of crude oil means for every Nigerian [Explainer]
Oil is almost selling for free because of the coronavirus pandemic. If you are Nigerian, this is how this global predicament affects you. Oil producers are now basically paying buyers to take the commodity off their hands because there’s nowhere to store the excess oil that is still being pumped A production cut deal reached between Russia, […]
Nigeria’s inflation rate rises to highest in 2 years
This is the highest Nigeria’s inflation has risen since 12.48% was recorded in April 2018. Inflation has been on the rise in Nigeria since President Muhammadu Buhari closed land borders in 2019 [Premium Times] Nigeria’s annual inflation rate has jumped to its highest since April 2018 with 12.26% (year-on-year) recorded for March 2020. According to […]
Nigeria revokes eleven oil licenses
The Nigerian Government has revoked Oil Mining Licences (OML) of 11 oil and gas companies operating in the Marginal Fields. The Guardian learnt that the affected companies include Movido–Ekeh, Goland – Otiti, Independent Energy – Ofa, Associated-Tom Shot Bank, Bayelsa – Ayala, Sogenal – Akeni and Delsigma–Ke. Others are Bicta–Ogedeh, Guarantee–Ororo, Eurafic-Dawes Island and Sahara–Tsekelewu. […]