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Daily Archives: March 13, 2020

Oil dips to $32, Nigeria faces stiff competition

Russia blames Gulf nations for oil price crash

•We’re studying situation carefully, says NNPC Amid the escalating oil price war between Saudi Arabia and Russia, Brent crude, the international benchmark, fell to $32 per barrel on Thursday after the United States banned travel from Europe to curtail the ...

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Crashing oil price, reason to diversify economy – Buhari

Crashing oil price, reason to diversify economy – Buhari

The President, Major General Muhammadu Buhari (retd.), has said that the sudden crash in crude oil price by 45 per cent heightens the need for Nigeria to promote growth in other sectors of its economy. Buhari stated that the development, ...

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Oshiomhole, Sylva fuelling violent protest in Bayelsa –Diri

Oshiomhole, Sylva fuelling violent protest in Bayelsa –Diri

The Governor of Bayelsa State, Douye Diri, has accused the Chairman of the All Progressives Congress, Adams Oshiomhole, and the Minister of State for Petroleum Resources, Timipre Sylva, of instigating violence in his state. Diri said Oshiomhole and Sylva were ...

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Kaduna begins N30,000 wage payment this month

El-Rufai to present memo to northern govs on Almajiri

The Kaduna State Governor, Mallam Nasir El-Rufai on Thursday said the payment of the N30,000 new minimum pension for retirees on the old Defined Benefits Pension scheme would commence this month. The governor through his Special Adviser on Media and ...

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EPL in doubt as Arteta, Hudson-Odoi test positive for coronavirus

EPL in doubt as Arteta, Hudson-Odoi test positive for coronavirus

The Premier League was thrown into chaos on Thursday as Arsenal manager Mikel Arteta and Chelsea winger Callum Hudson-Odoi both contracted the new coronavirus, leaving at least one game postponed and other fixtures in doubt. Arsenal’s match at Brighton was ...

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Naira crashes in value, dollar sells for N420

Naira crashes in value, dollar sells for N420

On Thursday, the naira exchanged between N405 and N420 to a dollar in the Bureau De Change segment of the market. The President, Association of Bureaux De Change Operators of Nigeria, Aminu Gwadabe, said the crude oil price which fell ...

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Shake-up as NNPC asks 40 GGMs, GMs to go

Shake-up as NNPC asks 40 GGMs, GMs to go

The management of the Nigerian National Petroleum Corporation has retired about 40 group general managers and general managers at the oil firm. It was gathered on Thursday in Abuja that the affected GGMs and GMs were asked to leave the ...

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