Nigeria’s deficit, debt to remain high post-Covid-19, oil shocks, says Moody’s
Charles Abuede
December 15, 2020
By Charles Abuede Rates credit profile B2 negative Economy severely hit by Covid-19, oil price shocks Nigeria’s credit
Oil holds gains made on high OPEC+ compliance
Aderemi OjekunleAugust 18, 2020
BY: Moses olajuwon Obajemu Oil prices steadied on Tuesday, hanging on to gains from the previous session thanks to high compliance
OPEC+ achieves 95 percent compliance with oil cuts in July-Report
Aderemi OjekunleAugust 18, 2020
BY: Moses olajuwon Obajemu Compliance with OPEC+ oil output cuts stood at 95 percent and rose to 97% in July, according to OPEC+
Oil slides below $45 as supply rises
Aderemi OjekunleAugust 14, 2020
BY: Moses olajuwon Obajemu Oil edged further below $45 a barrel on Friday, giving up some of this week’s gain, under pressure from
New fuel price band signals Nigeria’s gradual exit from subsidy regime
Phillip IsakpaJuly 1, 2020
After decades of an opaque, flawed and corruption-laden petrol subsidy regime, a new pump price band advised by the Petroleum Products
FG bars debtors from bidding for oil fields
Businessam StaffJune 5, 2020
Companies, including their promoters, indebted to the federal government will not be allowed to participate in the newly launched bid
Oil rebound eases concerns about devaluation of Nigeria’s naira
Businessam StaffJune 3, 2020
The rebound in oil prices has given Nigeria’s naira a reprieve, easing investors’ concern that a steep devaluation may be unavoidable.
Oil price plunges to $22, lowest in 18 years
Businessam StaffMarch 31, 2020
The international oil benchmark, Brent crude, plunged to its cheapest in 18 years on Monday as it traded around $22 per barrel. This
Oil coys proritising asset management as competition edges up, says GlobalData
Businessam StaffNovember 25, 2019
By Samson Echenim
Oil holds near two-month high on OPEC+ extension expectations
Businessam StaffNovember 22, 2019
Oil prices held near two-month highs on Friday, set for a third consecutive week of gains on expectations of an extension to OPEC+