Nigeria’s Brent Crude Drops To $19.71/b, Lowest In 18yrs   The turmoil in the international oil market worsened significantly yesterday as the Brent crude, the international and Nigeria’s benchmark, dipped significantly by nearly $12 per barrel to ebb at $19.71 per barrel, the lowest price it...

COVID-19: Nigeria, South Africa, Others Lose $4.2bn, IMF Says   The COVID-19 pandemic has resulted in the largest capital outflow from sub-Saharan Africa with over $4.2bn leaving the region from the end of February. The International Monetary Fund disclosed this in its latest Regional Economic Outlook for...

Nigeria’s Economy Will Decline By 3.4% - IMF     The International Monetary Fund on Tuesday said the recession caused by the COVID-19 pandemic would be the worst economic downturn witnessed since the Great Depression. According to the IMF, Nigeria’s economy will contract by 3.4 per cent in...

In Nine Years, Shell’s Gas Flare In Nigeria Drops By 80% - Report   International oil company, Shell has said its flaring of gas from oil fields in Nigeria dropped by 80 per cent between 2010 and 2019. It stated this in its 2019 Sustainability Report where...

COVID-19: Of Chinese Experts, Encouraging Recovery Data, and Breakthrough Therapies By Yushau A. Shuaib The controversy over the arrival of Chinese medical experts in Nigeria is needless, going by an official statement from China Civil Engineering Construction Corporation (‘CCECC’), which sponsored the trip of the medical...

Are We Ready for Electronic Vehicles in Nigeria? By Jelani Aliyu   On Electric vehicles, Nigeria is in a tough situation, because the world has already decided and is going green: all major automotive companies are going electric, we have to get it right and go electric...