By Foster Obi Director General of the Nigerian Maritime Administration and Safety Agency NIMASA, Dr. Bashir Jamoh has appointed Philip Kyanet as the new Head, Corporate Communications. Kyanet an Assistant Director replaces Isichei Osamgbi who has been moved to the Department of Special Duties. According to inside sources, the new posting is not unconnected with […]
The Nigerian National Petroleum Corporation (NNPC) says loading of petroleum products at depots will continue, to ensure uninterrupted fuel supply nationwide during the stay at home directive in many states. The corporation said this was to ensure the presidential directive on the lockdown of some states was adhered to without concerns about availability of petroleum […]
Nigeria’s central bank said on Monday it will suspend cheque clearing temporarily, as the country begins coronavirus lockdowns in Abuja and Lagos. “In furtherance to the Bank’s efforts to ensure hitch-free clearing and settlement activities, the Central Bank of Nigeria hereby suspends, until further notice, the clearing of cheque instruments in the Nigerian Clearing System […]
As countries of the world continue to battle the spread of coronavirus, oil prices crashed below $20 amid a supply glut on Monday. Brent crude fell to $22.58 per barrel at one point on Monday, its lowest level since November 2002. The price of oil has sunk to levels not seen since 2002 as demand […]
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said that prior to the outbreak of the coronavirus pandemic, the Nigerian economy was already fragile. She said this in a statement issued by her Special Adviser on Communication, Mr Yunusa Abdullahi, on Monday in Abuja. Ahmed, according to the statement, said this during […]
Governor Hope Uzodinma of Imo State has approved the immediate sack of Mr. Donald Igbo as the accountant general of the state. The governor also appointed Mr. Obieze Valentine Chukwukama as Igbo’s replacement as the new Accountant-General of the state. Chukwukama’s appointment was contained in a letter from the Office of the Principal Secretary to […]
Predictions over collapsing global oil demand due to the spread of coronavirus are continuing to spiral, further depressing oil price forecasts, after the US extended its latest lockdown guidance. Brent crudes futures fell $2.35/b to a new 17-year low at $22.58/b Monday after US President Trump announced plans to extend social distancing in the world’s […]
By Foster Obi Nigerian Ports Authority (NPA) has said that the Lagos seaport will remain operational during the period of the lockdown as directed by President Muhammadu Buhari. A statement signed by Jatto A Adams, General Manager Corporate and Strategic Communications said “consequent to the directive of President Muhammadu Buhari that Lagos seaports, (Apapa and […]
Some Nigerians have taken to social media platforms to urge telecom companies and internet service providers to cut down data prices amid the enforced lockdown in some states in the country due to the COVID-19 pandemic. On Sunday, President Muhammadu Buhari had ordered a lockdown of Abuja, Lagos and Ogun as one of the measures […]
President Muhammadu Buhari has exempted key players in the financial services sector from COVID- 19 movement restrictions, a joint statement by the Minister of Finance and the Governor of the Central Bank of Nigeria (CBN) said on Monday. According to the statement, the Minister of Finance, Budget and National Planning, Zainab Ahmed and Central Bank […]