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Nigerians consume $500m imported palm oil annually

“In the early 1960s before the oil boom, Nigeria was exporting oil palm, but after that oil boom, we started importing and all forms of oil palm are finding their way to the Nigerian market,”

Saudi Arabia and Russia in tight race to become China’s top oil supplier in 2020

The volume of Saudi crude arriving in China in November is expected to hit between 2.13 and 2.24 million barrels per day, compared with a record high of 2.1 million to 2.14 million bpd in May, estimates from the three companies showed. That would be nearly double their volume estimates for October.

Oil-producing states get N31.9bn in Oct, as FAAC distributes N604.004bn

The distribution is as follows: Federal Government got N17.642 billion, states received N58.805 billion, local governments got N41.167 billion, while Cost of Collection/Transfer and Refund got N5.059 billion and Allocation to NEDC project received N3.794 billion.

Exclusive: Gold market authority threatens to blacklist UAE and other centres

The UAE has more than 10 gold refineries. None are certified by the LBMA and most lack any accreditation of their gold sourcing policies.

IBEDC to roll out mass metering programme free of charge

‘’Part of the objectives also includes the elimination of estimated billing, improving network monitoring capability and strengthening the local content in meter manufacturing in Nigeria.”

Blocking Taiwan at WHO will increase hostility to China, premier says

"This is not only suppressing Taiwan, it is in fact also damaging to the whole world, creating a rupture in pandemic prevention," Su added. "What China has done will only cause more and more countries and people to stand up and condemn them."

82.9 Million Nigerians are currently living below poverty line -Action Aid

the government has had to review its fiscal plan for 2020 with an increase in the initial 2020 budget of N10.594trn to N10.81trn in a revised budget despite the challenge of dwindling resources.

Don’t turn Nigeria to begger country, you have borrowed enough, PDP to Buhari

“What Nigeria needs now is for government to be more innovative and resourceful in galvanizing a productive economy instead of reducing our nation to a beggar status among the comity of nations”.

Nigeria debts will hit N38.68trn in 2021 —Finance minister

“It is projected, based on existing approval, to rise to N32.51 trillion by December 31, 2020 and N38.68 trillion by December 31,2021.”

Dollar in narrow range ahead of U.S. election, pound weakens

"Dollar/yen will likely remain quiet for today and tomorrow, due to the election," Daiwa Securities chief FX strategist Mitsuo Imaizumi said, but added any dispute over vote count could lead to volatility.

Okonjo Iweala: Buhari in video conference with President of European council

during the conference were issues bordering on debt relief for Africa, EU-African relations and recharge of the Lake Chad, which has currently shrunk to less than one-third of its usual size, and throwing about 130 million people who depend on the Lake into dire straits

Apple’s late iPhone launch temporarily wiped $100 billion off its stock value

By Stephen Nellis The late launch of new 5G phones caused Apple Inc's AAPL.O customers to put off buying new devices, leading...

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Fraud: Lagos Assembly to probe Alimosho council boss

“I am directed to draw your attention to a petition forwarded to the House by Legalmetrics Attorneys dated 16th November 2020 on the above subject (copy attached) and to invite you to a meeting with the Committee on Public Accounts (Local) on Wednesday, 2nd December 2020 at the conference room, 5th floor, members’ wing, Assembly Complex, Alausa, Ikeja by 11.00 am.

Killings: Presidency is pleased with service chiefs – Garba Sheu

“I am not aware that the tenure of service chiefs is subjected to any law of regulation that is clearly stated. They serve at the pleasure of the president and (if) the president is satisfied with their performance, he keeps them. The buck stops at his table —with due respect to the feelings of Nigerians.

NBC DG, Moddibbo Kawu, others to face trial over N2.5bn fraud

Justice Ogunbanjo-Giwa while delivering her ruling in February 2020 held that ICPC had established a prima facie against Kawu, Onifade and Pinnacle Communications Limited, and ruled that they have a case to answer.

Gov Umahi tried to lure me to join APC with him – Anyim Pius Anyim

“I fully understand that what Umahi meant by ‘this will be the last fight I will fight’, is that he will kill me so that I will not live to fight again.