The price of Brent crude, the international benchmark, tumbled on Wednesday to the lowest level in 16 years as global markets continued to respond to the price war between Saudi Arabia and Russia amid the spread of the coronavirus pandemic. Brent, against which Nigeria’s crude is priced, fell by $2.23 to $26.11 per barrel as […]

Lagos state government, in agreement with religious leaders, has banned all religious congregational service involving over 50 worshipers. This was part of the communique read by the commissioner for Home Affairs, Prince Anofiu Elegushi, after a meeting with religious leaders in the state at the Bagauda Kaltho Press Centre, Alausa on Wednesday. Present at the […]

The Federal Government has directed the Nigerian National Petroleum Corporation to reduce the pump price of petrol from N145 to N125. This, the government said, was to reflect the current crash in the global price of crude oil. President Muhammadu Buhari approved the price reduction after the Minister of State, Petroleum Resources, Mr Timipre Sylva, […]

The Central Bank of Nigeria on Wednesday announced a N1.1tn intervention fund to support critical sectors of the economy. The CBN Governor, Mr Godwin Emefiele said this in a statement made available to journalists. The governor in the statement said the out of the N1.1tn, about N1tn would be used to support the local manufacturing […]

The Federal Government on Wednesday announced a reduction in the pump price of the Premium Motor Spirit (PMS) otherwise known as petrol. A statement which the Minister of State for Petroleum Resources,  Chief Timipre Silva issued in Abuja  did not mention the approved price. According to him, the Petroleum Products Pricing Regulatory Agency  (PPPRA ) […]

Governors in the northwest region have announced closure of all schools for the next 30 days. The Governors, in a communiqué read to newsmen by Chairman of the Forum and Katsina Governor, Aminu Masari, said the decision became imperative to prevent the spread of Corona Virus COVID 19 disease across the northwest. Katsina recorded its […]

Decries non-submission of PIB by Buhari Lawan says foreign loan bid has failed Begs W’Bank to assist in financing 2020 budget Reps task govt on reduced demand for crude oil The Senate is considering options to cushion the impact of the nation’s dwindling revenue. It might reduce the N10.594 trillion budget of 2020 and back […]

The Federal Government has banned entry into Nigeria from the United States of America, the United Kingdom and eleven other countries. Announcing the ban on entry to journalists in his office on Wednesday, the Secretary to the Government of the Federation, Mr. Boss Mustapha, also said those who arrived into the country in the last […]

None of the 268 pupils of Bethlehem Girls’ College present during Sunday’s explosions at Abule Ado, a Lagos suburb died in the incident, the Catholic Archdiocese’ Education Director said on Tuesday. Messenger Jerome Oduntan told our Correspondent that all the students were rescued and 50 of them who sustained injuries taken to the Nigerian Navy […]

The Federal Government has included France, Germany and Spain among high-risk countries with widespread community transmission of coronavirus on its watch list. Earlier, the Federal Government had listed China, Japan, Iran, Italy and the Republic of Korea on its priority list, bringing the number to eight countries. To this end, travelers from these eight countries […]