Oil Drops To $32 As OPEC+ Postpones Meeting
The international oil benchmark, Brent crude, fell on Monday after Saudi Arabia and Russia postponed a meeting to discuss output cuts that could help to reduce global oversupply as the coronavirus pandemic pummels demand.
Brent, against which Nigeria’s...
Equity Market Extends Weekly Downtrend By 3.51%
Following rising cases of coronavirus in Nigeria, the domestic bourse on Friday recorded further extended weekly decline as the NSE All-Share Index and market capitalisation both depreciated by 3.51 per cent to close last week at 21,094.62 and...
In Three Weeks, Local Airline Loses N2.1bn
A major local airline has lost as much as N2.1 billion in the last three weeks over flight disruption occasioned by the coronavirus disease pandemic.
The airline, Air Peace, accounts for at least 40 per cent market share of...
Nigeria To Suffer $15.4bn Loss In Crude Oil Earnings – Analysts
Nigeria and other African economies are projected to record substantial revenue losses, particularly from the oil and gas sector, as the devastating effects of the Coronavirus pandemic continues its devastating toll on the...
Oil Prices Fall As Fuel Demand Sinks
Oil prices fell on Wednesday despite a massive pending United States economic stimulus package as the coronavirus pandemic sharply dented US fuel demand in the latest week, with traders bracing for further declines.
Demand for oil products, especially jet...
APRA Suspends African PR Conference in Tanzania
With the increasing rate of the spread of Corona Virus, it has become pertinent to put on hold all plans for APRA Tanzania 2020 till further notice.
However, the APRA Secretariat is open to enquiries and will be sharing...
