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Oil falls below $40 per barrel as OPEC forecasts slower demand recovery
Brent Crude, the international oil benchmark, fell below the $40 per barrel mark on Monday.
Brent, against which Nigeria’s crude oil is priced, fell by $0.36 to $39.47 per barrel.
The latest fall in the price of crude oil…
Autochek acquires online car platform, Cheki, in Nigeria, Ghana
An automotive technology company, Autochek has acquired online car platform, Cheki, in Nigeria and Ghana.
Autochek said in a statement that Cheki Nigeria and Cheki Ghana were previously part of Ringier One Africa Media’s (ROAM)…
NCC Emergency Communications Centres process 1,500 COVID-19-related calls – Danbatta
The Executive Vice Chairman/CEO of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, has disclosed that over 1,500 COVID-19-related calls were received and processed through the Commission's Emergency…
Impending strike: Arik Air Management seeks FG’s intervention
Following threats by aviation unions to commence strike action on Monday over poor conditions of service, the management of Arik Air has reached out to the federal government for intervention.
The company specifically appealed…
Fuel price hike: NNPC to activate Compressed Natural Gas refill stations
In apparent bid to cushion the effect of recent increase in the price of premium Motor Spirit (PMS) following the deregulation of the oil downstream, the Nigerian National Petroleum Corporation (NNPC) said on Sunday that it will…
NAFDAC set to review sale of alcohol in sachets, polyethylene
The Federal Government has expressed concerns relating to the sale and consumption of alcoholic beverages in sachets, small volume glass and PET bottles, giving a strong indication that such could be banned in no distant time.…
CBN: Inflation may rise to 14.15% by December
The Central Bank of Nigeria (CBN) has lamented that the country’s inflation rate which stood at 12.82 per cent in July may rise up to 14.15 per cent by the end of December 2020.
The development is coming as the federal…
Gombe to establish 1,000 hectare industrial park – Gov Yahaya
Governor Inuwa Yahaya of Gombe State has announced plans by the state government to establish an industrial park which will cover 1,000 hectares of land, the first of its kind in the North East.
The governor made this known in…
Osinbajo identifies AfCFTA, as veritable platform for trade negotiations
Osinbajo identifies AfCFTA, as veritable platform for trade negotiation
Vice President Yemi Osinbajo has identified the Africa Continental Free Trade Area (AfCFTA) as a veritable platform for trade negotiations.
The Vice President…
Fashola, Malami, others make Buhari’s Power Committee
Amidst mounting rejection of the recent over 100 per cent hike in electricity tariff, President Muhammadu Buhari has inaugurated the Special Purpose Vehicle for Presidential Power Initiate to assist the government in improving the…