Economy Tag

🌍Morning after OPEC+ agreement, oil prices stumble: Prices recouped some losses it recorded in early trading on Monday, but were still down after OPEC+ agreed to boost output, sparking concerns about a crude surplus as...

🌍The Presidential Steering Committee on COVID-19, led by the secretary to the government of the federation, Boss Mustapha, has put six states of the federation and the Federal Capital Territory (FCT) on a red alert...

🌍Federation Accounts Allocation Committee (FAAC) has shared a total of N733.095 billion as June 2021 revenue to the Federal, states and local government councils.   🌍Oil Monitor: Oil prices on Friday ended the week lower in volatile...

# Indonesia overtakes India as Asia’s new COVID-19 epicenter. It is the 4th most populous country.   🌍Stories from NASS: * The Senate on Thursday passed the Electoral Act (Amendment) Bill, 2021 in a storm over the transmission...

🌍Highlights of FEC Meeting The Federal Executive Council (FEC) presided over by President Buhari yesterday approved 13 memoranda from seven ministries for various contracts worth N331,632,998,787 and $40,070,465. They include: * Approval for the construction of five...

🌍COVAX has signed agreements with two Chinese pharmaceutical companies to buy more than half a billion of their Covid-19 vaccines by the first half of next year.   🌍At a sendoff, Buhari unveils Team Nigeria’s official outfit,...

🌍Brent crude oil still above $75 even as Crude futures slipped this morning over fears of slowing global growth that outweighed the prospect of tightening supply. Brent crude for September fell 35 cents, or 0.5%,...

🌍Nigeria yesterday confirmed a case of the highly infectious Delta variant of COVID- 19, also known as lineage B.1.617.2 . Detected in over 90 countries, WHO has described it as a variant of concern, given...

🌍Highlights of FEC Meeting: The Federal Executive Council, at its meeting presided over by President Buhari on Wednesday, approved the 2022-2024 medium-term expenditure framework/ fiscal strategy paper (MTEF/FSP), * Finance Minister Zainab Ahmed told State House correspondents...

🌍At the Nigerian Army Day Celebration on Tuesday President Buhari commended the Army for saving the country from disintegration and demonstrating a high level of professionalism in its operations and charged them to evolve new...