Nigerian banks claim they have protected themselves against a potential loan crisis in the oil and gas sector. But is it enough?
According to data from the Central Bank of Nigeria (CBN), about a third of loans by Nigerian banks were given to oil firms.
Nigeria seems to be falling into a deeper revenue mess as the price of the country’s headline crude, Bonny light fell below the prices of Brent...
Nigeria’s local oil players are having it rough based on falling crude oil prices, with recent prices lower than local production
Nigeria’s currency, the naira, is presently experiencing more pressures than ever before, based on negative macro fundamentals
The crash in oil prices would be felt by countries and oil companies that heavily rely on oil for the lion share of their income.
The downward slide of the naira in the parallel market appears to be continuing unabated as the slump in crude oil prices
It’s two days straight and the crazy Western Texas Intermediate (WTI) crude oil price remains below zero for the first time ever. Prices fell not just...
U.S. crude rose on Tuesday morning, but a historic fall in its May contract, which plunged below zero, raised concerns among investors
US crude oil futures turned negative as it crashed below zero dollars for the first time in history on Monday, April 20, 2020.