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Nigeria Could Face $20bn Loss In Export Revenue – Report

Nigeria Could Face $20bn Loss In Export Revenue - Report         Nigeria and four other oil producers on the continent could each be facing $20billion or more in lost export revenue this year as global oil demand is estimated never to exceed 2019 levels, with energy...

Nigeria’s Fragile Fiscal Regime May Stall $24bn Oil, Gas Projects

Nigeria’s Fragile Fiscal Regime May Stall $24bn Oil, Gas Projects         With the continued delay in the passage of the Petroleum Industry Bill (PIB) leading to a frigile fiscal regime mired by uncertainty, the African Energy Chamber (AEC), has said Nigeria and other African countries should...

Currency Swap: CBN Sells 1.45bn Yuan In Two Years

Currency Swap: CBN Sells 1.45bn Yuan In Two Years         The Central Bank of Nigeria has said it sold 1.45 billion yuan since the inception of the currency swap deal with China and the end of 2019. The CBN disclosed this in its 2019 Activity Report released...

Afreximbank, others inaugurate $1.5 bn facility to tackle African COVID-19 Impact 

Afreximbank, others inaugurate $1.5 bn facility to tackle African COVID-19 Impact  The African Export-Import Bank (Afreximbank) has inaugurated a 1.5 billion dollar collaborative COVID-19 Pandemic Response Facility (COPREFA) to support African economies with rapid financial assistance to reduce the impact of COVID-19. Afreximbank and its collaborators in Cairo,...

Lekki Massacre: Fake News, Anarchy and the Rest of Us

Lekki Massacre: Fake News, Anarchy and the Rest of Us By Yushau A. Shuaib What we have learnt from history, including World Wars, civil wars and communal conflicts are what others are failing to learn from, as newer cycles of history unfold before our eyes. It...

EndSARS: Protesters, Crowdfunding and National Security

EndSARS: Protesters, Crowdfunding and National Security By Yushau A. Shuaib     The administration of President Muhammadu Buhari is struggling to contain the protests of the EndSARS movement that has gripped the country like a wildfire, in a similar way that the previous administration of President Goodluck faced...