Oil prices retreated further on Monday, with prices down more than 10% in less than a week.
COVID-19 has had a major effect on the global economy, which is now stuck between uncertainty and a self-induced fall in demand
The drop in the price of crude oil on Wednesday has definitely increased pressure on a number of pegged currencies in energy-exporting emerging countries.
While Nigeria is not a COVID-19 hotbed yet, its economy could be one of the hardest hit, should it persist longer, due to a fragile healthcare...
Over the last century, recessions have almost always been started by sustained periods of high-interest rates, never a virus.
In Nigeria, Coronavirus possesses a different kind of imminent threat which could cost economies even more.
The effects of coronavirus are now being felt worldwide — from supply chains to price of crude oil and copper and global stock prices tumbling.
The global economy has enjoyed a steady growth since the financial crisis of 2009, however, there are concerns of a downturn amidst global trade tensions.