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Oil jumps to $69 as US kills Iran’s Soleimani

Oil jumps to $69 as US kills Iran’s Soleimani

Oil jumps to $69 as US kills Iran’s Soleimani: World oil prices jumped nearly $3 on Friday after the US killed a top Iranian general, fanning fresh fears of conflict in the crude-rich Middle East, with Tehran warning of “severe” retaliation. The international oil benchmark, Brent crude, hit $69.16 per …

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Banks begin implementation of reduced charges

Banks begin implementation of reduced charges

Banks begin implementation of reduced charges: Some banks have commenced the implementation of the reduced bank charges as instructed by the regulator, the Central Bank of Nigeria, with effect from January 2020. While some banks have notified their customers of the reduction in the new charges, some others are yet …

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Don’t rush to adopt ECOWAS currency, experts tell FG

Don’t rush to adopt ECOWAS currency, experts tell FG

Don’t rush to adopt ECOWAS currency, experts tell FG: Some finance and economic experts have called on the Federal Government not to rush into joining the West Africa single currency arrangement that would make Nigeria to adopt the “Eco” as its official currency instead of the naira. The experts who …

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NLNG pays $7bn tax, $15bn dividend to FG

NLNG pays $7bn tax, $15bn dividend to FG

 NLNG pays $7bn tax, $15bn dividend to FG: The Nigeria LNG Limited says it has paid over $7bn as taxes and issued more than $15bn as dividend to the Federal Government since it started operations. NLNG’s Managing Director, Tony Attah, who disclosed this recently in Abuja, also stated that the …

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Nigeria’s border closure: Pros, cons and consequences

Nigeria’s border closure: Pros, cons and consequences

Nigeria’s border closure: Pros, cons and consequences: The closure of Nigeria’s land borders for over four months now has raised concerns about the  validity and essence of the ECOWAS Treaty which  permits the  free movement of people and goods across  West Africa. Since  its foundation in 1975 by Nigeria and …

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Electricity bills: End cash payment FG orders Discos

Electricity bills: End cash payment, FG orders Discos

Electricity bills: End cash payment FG orders Discos: The Federal Government has ordered power distribution companies to migrate to cashless settlement platforms with respect to the collection of electricity bills from residential, industrial and commercial customers. It stated that beginning from January 2, 2020, the distributors had till January 31 …

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Nigeria needs 30 million new jobs by 2030 – World Bank

Nigeria needs 30 million new jobs by 2030 – World Bank

Nigeria needs 30 million new jobs by 2030 – World Bank: Thirty million new jobs are needed in Nigeria by 2030 to maintain the current employment rate, the World Bank has said. It said the projection was based on the country’s current population growth trend and its unemployment rate. Unemployment …

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