By Foster Obi The Central Bank of Nigeria is making available a maximum grant of N550m intervention funding for Healthcare Research and Development activities. A statement by the Bank said the Scheme shall be funded from the Developmental Component of the Micro, Small and Medium Enterprise Development Fund (MSMEDF). The maximum grant limit for Research […]
Nigeria said on Saturday it was ready to make additional oil output cuts from July to September to compensate for producing more than its quota in May and June, when OPEC and its allies implemented a deal to curb supply by record amounts. “Nigeria reconfirms our commitment under the existing agreement,” Nigeria’s Ministry of Petroleum […]
The African Development Bank (AfDB) has approved a $288.5 million loan to help Nigeria tackle the COVID-19 pandemic. A statement BY the bank said the loan would support government’s plans to improve surveillance and response to COVID-19 emergencies, ease the impact on workers and businesses, as well as strengthen the social protection system. According to […]
By Foster Obi National Bureau of Statistics (NBS) has given the harrowing impact of the coronavirus pandemic on the lives of Nigerian households since the disease found its way into the country. A recent survey by the Bureau showed the impact of the virus on the health, finance and work life of Nigerians The survey […]
OPEC and its allies led by Russia meet on Saturday over plans to extend record oil production cuts and to push countries such as Iraq and Nigeria to comply better with existing curbs. Nigeria’s oil minister said he expected a deal on an extension, which has the backing of Saudi Arabia and Russia, to be […]
By Foster Obi The World Bank Group today highlighted measures that poorer countries like Nigeria and other global economies can adopt to launch back from the devastating effect of the COVID-19 pandemic. According to analytical chapters released today from the World Bank Group’s Global Economic Prospects report, the bank said that securing core public services, […]
Major Oil Marketers Association of Nigeria (MOMAN), on Thursday said marketers lost over N10 billion due to reduction of petrol pump price from N145 per litre to N121 by government. Chairman of MOMAN, Adetunji Oyebanji, made the disclosure during a webinar on “Downstream Petroleum Market Deregulation: Prospective Impact on Nigeria Economy Post COVID-19.” The News […]
OPEC and its allies led by Russia meet on Saturday to discuss extending record oil production cuts and to approve a new approach that aims to force laggards such as Iraq and Nigeria to comply better with the existing curbs. The producers known as OPEC+ previously agreed to cut supply by 9.7 million barrels per […]
Celebrated every year on June 5, World Environment Day is the United Nations’ biggest annual event advocating for environmental action and raising worldwide awareness of the need to protect our planet. Since the first World Environment Day in 1974, the event has grown to become a global platform for public outreach on the environment in […]
—Adopts Temporary Measures for Enquiries, Complaints By Foster Obi The Pension Transitional Arrangement Directorate (PTAD) said it has suspended the verification of pensioners exercise till further notice. The Agency noted that this as a result of the current COVID-19 pandemic and restrictions imposed to stop the spread of the virus. It rather asked Pensioners to […]