Saudi Arabia To Enforce Nationwide 24-Hour Curfew For Five-Day Muslim Eid Holiday

LAGOS MAY 13TH (NEWSRANGERS)-Saudi Arabia will enforce a countrywide 24-hour curfew during the five-day Muslim Eid al-Fitr holiday later this month to help stem the spread of the coronavirus, the interior ministry said on Tuesday. The curfew will apply from May 23-May 27 following the end of the fasting month of Ramadan. Until then, commercial…

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New Austerity Measures: Saudi To Triple VAT, Suspends Monthly Payment To Citizens

LAGOS MAY 12TH (NEWSRANGERS)-Saudi Arabia’s finance minister on Monday said the kingdom will triple its Value Added Tax and halt monthly handout payments to citizens in new austerity measures amid record low oil prices and a coronavirus-led economic slump. The measures, which could stir public resentment with the cost of living rising, come as the…

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Buhari Directs Urgent Review Of 2020 Budget As Crude Oil Price Crashes

LAGOS MARCH 10TH (NEWSRANGERS)-President Muhammadu Buhari Monday responded to the drastic crash of crude oil in the international markets by constituting a presidential committee to review the 2020 budget and the oil benchmark and recommend realistic options that will make the document significantly implementable. The Nigerian blend, Bonny Light closed at $46.33 Monday from about…

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