US oil prices dived to 22-year lows under $11 Monday after crashing 40 per cent in a market flooded with crude as demand evaporates in the face of the coronavirus…
Read More US oil price drops to $10 per barrel as coronavirus hits demand
Category: Economy
NPA orders terminal operators to suspend charges
The Nigerian Ports Authority (NPA) has directed all terminal operators to suspend the collection of all applicable terminal storage fees cum demurrage through the period of the extension of the…
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IMF projects Nigeria’s economy heading into worst recession in over 30 years
The International Monetary Fund (IMF) on Tuesday projected that Nigeria’s economy will recede by 3.4% in 2020 as a result of the COVID-19 pandemic that has disrupted global supply chains.…
Read More IMF projects Nigeria’s economy heading into worst recession in over 30 years
‘Starve Or Get Sick’: Africa’s COVID-19 Lockdown Dilemma
Women and children fell to the ground, bloodied and trampled in a desperate surge for food being handed out in a Nairobi slum, as police fired teargas and men with…
Read More ‘Starve Or Get Sick’: Africa’s COVID-19 Lockdown Dilemma COVID-19: IMF grants immediate debt relief to 25 countries
By our reporter| The International Monetary Fund (IMF) on Monday approved immediate debt relief for 25 countries, to help them cushion the effect of COVID-19. Most of the benefitingcountries are…
Read More COVID-19: IMF grants immediate debt relief to 25 countries