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Daily Archives: March 19, 2020

Coronavirus: FG suspends sporting activities nationwide

Coronavirus: FG suspends sporting activities nationwide

•NFF postpones football events for four weeks •LMC puts league on hold The Federal Government has announced the suspension of all football activities in the country in the wake of the coronavirus outbreak. This was contained in a letter signed ...

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Coronavirus: Arik suspends flights to Ghana, Liberia, Senegal

Coronavirus: Arik suspends flights to Ghana, Liberia, Senegal

Arik Air on Wednesday suspended its flight services to all West Coast destinations following the continued spread of coronavirus. The affected routes, according to the airline, are Accra, Ghana; Monrovia, Liberia and Dakar, Senegal. The airline said in a statement ...

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ECONOMY: Nigeria Records Trade Deficit in Q4, Slowing Trade Surplus by 58.41% in FY 2019…

ECONOMY: Buhari to Boost Local Gas Utilization as Construction of AKK Gas Pipeline Project Commences…

CWR, Cowry Weekly Financial Market Review Outlook Friday, March 13, 2020

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APC is stinking, facing extinction, declares PDP

APC is stinking, facing extinction, declares PDP

The Peoples Democratic Party on Wednesday described the All Progressives Congress as a stinking coven of treasury looters and a fizzling political platform facing extinction. The PDP National Publicity Secretary, Mr Kola Ologbondiyan, said this in a statement in Abuja. ...

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Navy seizes 204 Cameroon-bound drums of diesel

Navy seizes 204 Cameroon-bound drums of diesel

A patrol team of the Nigerian Navy Ship Victory in Calabar, Cross River State, has intercepted 204 drums of diesel being smuggled to Cameroon. The team also arrested four suspects in connection with the seizure. The suspects are Asuquo Okon, ...

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Reps summon Emefiele, ex-Mint bosses over eight-year unaudited accounts

$30bn revenue leakage: Reps threaten telecos’ CEOs with arrest

The House of Representatives Committee on Public Accounts has summoned the Governor of the Central Bank of Nigeria, Godwin Emefiele, and former managing directors of Nigerian Security Printing and Minting Plc for allegedly failing to audit the accounts of the ...

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Oil price sinks to $24, lowest in 17 years

Oil price sinks to $24, lowest in 17 years

The price of Brent crude, the international benchmark, tumbled on Wednesday to the lowest level in 17 years as global markets continued to respond to the price war between Saudi Arabia and Russia amid the spread of the coronavirus pandemic. ...

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FG slashes budget by N1.5tn, reduces benchmark to $30

We’re still consulting on revised budget — Finance minister

The Federal Government on Wednesday announced a slash in the 2020 budget by N1.5tn as part of measures to respond to the impact of coronavirus on the economy. Included in the N1.5tn is over N457bn the government spends on fuel ...

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