News & Insights

  President of the Senate, Ahmad Lawan has said that the passage of the sexual harassment bill by the Senate will ensure the safety of students of tertiary institutions in the country. Lawan stated this in his remarks on Tuesday after the upper chamber passed a bill for an Act […]

  Headlines are currently screaming at readers: “Oil markets starved of essential Russian and Saudi barrels.” And yet, only a few weeks ago the world was awash with Saudi and Russian oil as global demand tanked because of the coronavirus disease (COVID-19) pandemic. The US president appealed to the two […]

(The Minister of State for Petroleum Resources, Chief Timipre Sylva) The Federal Government says it can no longer bear the burden of petrol subsidy. The Minister of State for Petroleum Resources, Timipre Sylva, said this in a statement on Thursday. .FG: Why we deregulated petroleum products .We no longer fix […]

The Federal Inland Revenue Service (FIRS) has further extended the closing date of its waiver of penalty and interest window on tax debts owned by individuals and businesses from June 30, to August 31st this year. The Chairman of the Service, Muhammad Nami, announced the extension in a statement issued […]

  The Group of 20 major economies should extend a freeze on official bilateral debt payments by the world’s poorest countries through 2021, and permanently reduce the debt load of some of the most heavily indebted ones, World Bank President David Malpass said on Wednesday. Merely delaying debt payments would […]

International benchmark expected to average $40.50 per barrel this year.     The United States Energy Information Administration (EIA) has increased its Brent crude oil price forecast for 2020 by $2.50 per barrel. This was disclosed in its monthly Short-Term Energy Outlook (STEO) report for July. According to the report, the international benchmark is now expected to average […]

The pandemic has given African an opportunity to review its poor healthcare infrastructure,   The Executive Secretary of the UN Economic Commission for Africa (ECA), Ms Vera Songwe, said the African Continental Free Trade Area (AFCFTA) is a powerful tool to accelerate regional and economic integration in Africa.    The statement was made during a virtual […]

  Two major oil and gas pipelines bit the dust in the last 36 hours, a fearsome demonstration of the growing legal risks facing builders of fossil fuel infrastructure. On Sunday, the utility companies Dominion and Duke Energy canceled their proposed $8 billion Atlantic Coast Pipeline, which would have ferried […]

      The naira weakened some 5.8 percent to N381 per dollar at the official market, Tuesday, as the Central Bank of Nigeria (CBN) took yet another step towards a convergence of its multiple exchange rates. The official rate which had been at N360/$ since March was quoted at […]

      Goddy Egene The Nigerian Stock Exchange (NSE) All-Share Index (ASI) appreciated by 0.3 per cent to close at 24,097.48 yesterday, following the return of the bulls to the stock market. After depreciating by 1.99 per cent last week, the market remained bearish on Monday when trading resumed […]