…APPO commits to oil cut deal By Udeme Akpan The oil price, expected to leap over the G20 output cut remains low at $26.40 per barrel, as Mexico declined to be part of the initiative targeted at supporting the Organisation of Petroleum Exporting Countries (OPEC) to achieve market stability. A survey of the London market […]

Nigeria said Friday that a “historic” agreement between major oil producers to cut output by 10 million barrels per day, if it goes forward, could boost prices by $15. Oil cartel OPEC announced the agreement after marathon talks aimed at halting a price war between key players Saudi Arabia and Russia that has sent crude […]

By Michael Eboh The Federal Government, Tuesday, further slashed the price of Premium Motor Spirit, PMS, also known as petrol, to N123.50 per litre, with effect from April 1, 2020, from N125 per litre. The new price, which would last throughout the month of April, was coming on the back of a continuous decline in […]

The Federal Inland Revenue Service, FIRS, Wednesday, unveiled a new electronic and automated platform for taxpayers, as part of measures to aggressively mobilise revenue for the country to cushion against the effect of the Coronavirus and the declining price of crude oil.

On Wednesday, top officials of the monetary and fiscal authorities, as well as the Organised Private Sector (OPS), met at the headquarters of the Central Bank of Nigeria (CBN) in Abuja to deliberate on how best to reduce the impact of coronavirus, which has become a global emergency, on the Nigerian economy