Home / 2020 / March / 06

Daily Archives: March 6, 2020

OPEC slashes 2020 oil demand estimate, output due to coronavirus

Why oil licensing round bids may not hold this year

Organisation of the Petroleum Exporting Countries (OPEC), further slashed its 2020 oil demand forecast on Thursday, due to the Coronavirus outbreak, and agreed to new output cuts to offset the collapse in demand resulting from the epidemic. Similarly, OPEC ministers ...

Read More »

Coronavirus spread now to cost airlines $113 billion

Coronavirus spread now to cost airlines $113 billion

The International Air Transport Association (IATA) yesterday estimated financial impact of the novel coronavirus or covid-19, putting the loss at $113 billion. The new figure was released following a review of financial implication on the public health emergency on the ...

Read More »

Reps laud CBN, NIRSAL’s agribusiness transformation

Reps laud CBN, NIRSAL’s agribusiness transformation

House of Representatives’ Public Accounts Committee has applauded the Central Bank of Nigeria (CBN’s) agribusiness transformation, being anchored by the Nigeria Incentive-based Risk Sharing System for Agricultural Lending (NIRSAL), under the leadership of its Managing Director/Chief Executive Officer, Aliyu Abdulhameed. ...

Read More »

Lagos-Ibadan rail held by coronavirus outbreak, says Amaechi

Lagos-Ibadan rail held by coronavirus outbreak, says Amaechi

The ongoing construction work on the Lagos-Ibadan rail project has been put on hold due to the outbreak of the novel coronavirus, the Federal Government declared on Thursday. Minister of Transportation, Rotimi Amaechi, disclosed this during a live television programme ...

Read More »

Senate okays Buhari’s $22.7bn loan request amidst protests

Reps suspend Buhari’s $22.79bn loan consideration indefinitely

The Senate on Thursday approved the $22.79bn loan request of the President, Major General Muhammadu Buhari (retd.). The process of approval, was not however, without protests from the opposition senators led by the Minority Leader,  Enyinnaya Abaribe. The Chairman, Senate ...

Read More »

South-South governors agree to raise security outfit

South-South governors agree to raise security outfit

The South-South governors have agreed to replicate Amotekun in the South-South with a view to securing lives and property in the geopolitical zone. The Chairman, South-South Governors Forum and of Delta State, Ifeanyi Okowa, stated this shortly after a closed-door ...

Read More »
× Get News Alert