President Muhammadu Buhari said about seven states are producing all the rice Nigerians need for consumption, promising that his administration will keep a keen eye on food inflation in the New Year. Buhari, who has given a strong directive to the Central Bank of Nigeria, CBN, not to give any …

WTI futures reversed early losses to trade around $48.3 a barrel on Monday as investors try to shrug off concerns over a new coronavirus strain and focus on prospects of a brighter economic outlook for 2021 as coronavirus vaccination started in the European Union and as President Trump finally signed …

US President Donald Trump’s outgoing administration congratulated Britain and the EU on their post-Brexit trade deal, saying Washington was ready to build “stronger transatlantic ties.” “Congrats to the UK and the EU for concluding a historic Brexit deal,” read a message from the national security officials at White House posted …

The EU and UK have reached a post-Brexit trade deal, ending months of disagreements over fishing rights and future business rules. At a Downing Street press conference, Boris Johnson said: “We have taken back control of our laws and our destiny.” The text of the agreement has yet to be …

The Academic Staff Union of University(ASUU), on Wednesday, suspended its strike, that lasted for 9 months. ASUU National President, Biodun Ogunyemi, made the announcement during a briefing of the union in Abuja. The union listed conditions for suspending the strike as:A. Accepts the agreement reachedB. To consciously monitor implementationC. To …

Only God can effectively supervise Nigeria’s border with Niger Republic, President Muhammadu Buhari said Tuesday. The president painted the seemingly hopeless situation in the State House while hosting former Vice-President Namadi Sambo, who chairs ECOWAS Election Mission to Niger Republic. A statement by the president’s media adviser, Mr. Femi Adesina, …

Oil prices declined more than 2% on Tuesday, extending the prior session’s sharp losses. At around 06:45 AM GMT, WTI crude plunged 2.4% to $46.84 a barrel, while Brent crude dipped 2.1% to $49.85 a barrel. Traders were nervous that a mutant strain of the COVID-19 in the UK could …

The Federal Government on Monday ordered all federal civil servants on Grade Level 12 and below to stay at home for the next five weeks from Monday. The chairman of the Presidential Task Force on COVID-19, Boss Mustapha, made this known in a statement on Monday. He also announced that …

The Senate Monday passed the sum of N13.5 trillion appropriation bill for 2021 fiscal year. The red chamber made an upward review of the Budget by N5.05 billion from the N13.08 trillion presented by President Muhammadu Buhari in October. The passage of the budget was sequel to the consideration of …

Oil prices sank more than 3% on Monday, as a new infectious strain of the COVID-19 raised fears of tightening lockdown and travel restrictions. At around 07:00 AM GMT, WTI crude fell 3.1% to $47.6 a barrel, while Brent crude dropped 3.2% to $50.59 a barrel. British Health Secretary Matt …