Don’t expect crude demand recovery before July, says OPEC
Businessam Staff
April 17, 2020
The demand for crude oil will not recover till the second half the year, the Organisation of Petroleum Exporting Countries has said.
Infrastructure deficit, forex pressure may worsen inflation — Emefiele
Businessam StaffApril 17, 2020
Mr Godwin Emefiele, the governor, Central Bank of Nigeria, has said that the infrastructural deficits and emerging pressures from the
Why Nigeria didn’t benefit from IMF’s debt relief – Minister
Businessam StaffApril 16, 2020
Zainab Ahmed, the minister of finance, budget and national planning,has said Nigeria did not benefit from the recent debt relief by
CBN urges vigilance to mitigate banking sector credit risks
Businessam StaffApril 16, 2020
The Central Bank of Nigeria (CBN) has said the anticipated economic damage due to the COVID-19 pandemic requires vigilance to mitigate
Stock market sustains uptrend, investors gain N344bn
Businessam StaffApril 16, 2020
The Nigerian Stock Exchange on Wednesday maintained its uptrend of gains, extending positive sentiment to five consecutive trading
COVID-19: Nigeria, South Africa, others lose $4.2bn, says IMF
Businessam StaffApril 16, 2020
The COVID-19 pandemic has resulted in the largest capital outflow from sub-Saharan Africa with over $4.2bn leaving the region from the
FG pays N200bn to offset Gencos’ gas bill
Businessam StaffApril 16, 2020
The federal government has in the past two to three days paid over N200bn for power supply in Nigeria,Mele Kyari, the group managing
Monday – Sunday: 13th – 19th April 2020
Businessam StaffApril 14, 2020
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Nigerians abandon 300,000 bank accounts in Q1’20
Businessam StaffApril 14, 2020
Nigerians abandoned 300,000 bank accounts in the first quarter of 2020 (Q1’20) even as the number of current accounts operated by
IMF grants 25 countries debt relief, omits Nigeria
Businessam StaffApril 14, 2020
Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), has announced debt service relief for 25 poor