COVID-19: IMF Offers $50bn To Poor Countries   The International Monetary Fund says it is providing about $50bn through its rapid-disbursing emergency financing facilities for low income and emerging market countries that could potentially seek support. The Managing Director, IMF, Kristalina Georgieva, said this during the...

Coronavirus: Fed Govt To Review Budget As Oil Price Plunges   The Federal Government has announced plans to review the 2020 budget as crude oil revenue comes under pressure from the effects of the raging coronavirus infection globally. The Minister of Finance/Budget Planning, Mrs Zainab Ahmed, said...

Nigeria, Others To Discuss Further Oil Production Cuts   Nigeria and other members of the Organisation of Petroleum Exporting Countries will gather this week to debate whether to cut oil production further as the spread of coronavirus hits demand for crude worldwide. Reuters reported on Tuesday that...

Coronavirus: IATA Projects $29.3bn Global Revenue Loss Due To Outbreak   The International Air Transport Association has projected a global revenue loss of $29.3bn due to the outbreak of coronavirus. The IATA made the announcement after its initial assessment of the impact of the coronavirus 2019 outbreak...

Oil Prices Jump By 4% After Reports On Coronavirus Drug   Oil prices jumped by four per cent on Wednesday on media reports that scientists had developed a drug against the fast-spreading coronavirus, an outbreak that continues to weigh heavily on global economic activity and oil...

Coronavirus: Nigeria’s N2.64trn Proposed Oil Revenue Under Threat Nigeria is facing double jeopardy of falling oil prices and production decline amid fears that coronavirus, which has its roots in China, may keep spreading. The Federal Government’s oil revenue projection for 2020 may be badly hit by...