Dangote Urges Private Sector Operators To Fund Health Care       The President of Dangote Industries Limited, Aliko Dangote, has urged all operators in the private sector to commit one per cent of their profits to fund the health sector challenges in Nigeria, to enable the country...

Oil Price Nears $44     Oil prices have neared $44, on the back of hopes that the Organisation of the Petroleum Exporting Countries+ production cuts will increase amid the coronavirus pandemic to sustain price pressure. Anadolu Agency reports that Brent crude was trading at $43.30 per barrel...

Experts Blame Fuel Price Hike, Borrowing As Inflation Climbs To 14.23%         The hike in food prices and other individual consumption across the country further increased the rate of inflation in Nigeria to 14.23 per cent in October. Figures released by the National Bureau of Statistics on...

FG Plans Bridge Bank To Support Struggling Lenders         Nigeria plans to start a fund that will operate a bridge bank to nurse struggling lenders back to health, Bloomberg reported on Monday. The Central Bank of Nigeria will inject N10bn, or an amount that still needs to...

COVID-19 Threatens African Countries’ IGR, Others       The coronavirus (COVID-19) pandemic; has threatened African countries’ internally-generated revenues (IGR) thereby impeding their ability to fund essential services in education, health and infrastructure sectors of the economy. According to the 2019 Human Development Report, Africa will not be unable...

Oil Price Rises By 2% After Falling To $36       The international oil benchmark, Brent crude, gained nearly two per cent on Monday, shaking off earlier losses, as the United States heads into a contentious presidential election. Brent, against which Nigeria’s oil is priced, had fallen more...