Fresh Lockdowns Impacting Oil Demand Recovery - OPEC+         The Organisation of the Petroleum Exporting Countries and its allied have lamented the impact of the resurgence of COVID-19 cases in major economies on crude oil demand. The Joint Ministerial Monitoring Committee of OPEC and its Russia-led allies,...

Experts Blame Fuel Price Hike, Borrowing As Inflation Climbs To 14.23%         The hike in food prices and other individual consumption across the country further increased the rate of inflation in Nigeria to 14.23 per cent in October. Figures released by the National Bureau of Statistics on...

Nigeria, 69 Other Countries Get $99bn IMF Cash       The International Monetary Fund (IMF) on Monday released its updated economic funding support totalling $99 billion to 70 emerging and developing economies to tackle COVID-19 pandemic. In an emailed report, the IMF said it advanced $29 billion under...

Afreximbank Records $217.06m In 9 Months       African Export-Import Bank (Afreximbank), yesterday in Cairo, Egypt, released its unaudited financial statements for the nine months ended 30 September 2020. Notwithstanding the impact of the pandemic, the Bank recorded net income amounting to $217.06 million compared to the...

Naira Plunges To 475 As Dollar Demand Rises         The naira weakened further on Monday, trading at 475 to the United States dollar in the parallel market amid a rise in demand for the greenback. The local currency, which has come under pressure in recent days, fell...

#EndSARS: CACOVID To Unveil Support For Business Owners Next Week - Emefiele       The Governor of the Central Bank of Nigeria, Godwin Emefiele, says the Coalition Against Covid-19, will unveil its support for business owners whose premises and goods were looted by hoodlums during the unrest...