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NIGERIAN BUSINESS NEWS
Some oil markets are beginning to react to the unprecedented deal agreed by OPEC and its allies, together with other major oil producers.
The MD of the IMF, Kristalina Georgieva has announced that the Fund would provide $500 million in grant-based debt service relief to 25 countries.
Davido, in one of his Twitter Q&As after cancelling his tour, told a fan who requested for money that there is "no money for now ... no show in sight abeg ... we all Dey here together."
Nigeria does not have any crude oil hedging programme in place. Instead, it sells its crude oil on spot prices. This has caused Nigeria to become exposed to oil market price swings.
The COVID-19 has spread in many countries that do not have the 5G mobile networks and that include Nigeria.
If you are an investor looking at Cadbury as a great dividend bargain, sorry the shipped has sailed....
Shell Petroleum Development Company (SPDC), has lifted the force majeure that was earlier declared on the export of crude oil from its Forcados Terminal
The Central Bank of Nigeria (CBN) has warned owners of small-scale businesses and other loan seekers not to pay any amount as application processing fee for the N50 billion Targeted Credit Facility (TCF) stimulus package.
President Muhammadu Buhari has extended the lockdown on Ogun, Lagos and Federal Capital Territory by two more weeks He said this in a nationwide broadcast on Monday
The historic oil deal between OPEC and other top oil-producing countries on Sunday, April 12, 2020, did not come without its own drama.
US President Donald Trump has disclosed that the Organisation of Petroleum Exporting Countries and allies (OPEC+) is looking at 20 million barrels per day oil cut and not the 10 million bpd that is widely reported
Since the COVID-19 was first confirmed in the Chinese city of Wuhan in late December 2019, the cases have spread to a lot of countries.