Foreign investors seek to exit naira assets, demand $1.8bn
Foreign investors are seeking to exit naira assets, with traders putting a backlog of demand for dollars at between $1.5bn
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Author: Markets Reporters
Nigerian banks agree to suspend lay-offs
Banks in Nigeria have agreed to suspend the retrenchment of workers in order to mitigate the negative impact of the
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South Africa’s deputy finance minister wants central bank to print money
South Africa’s Deputy Finance Minister, David Masondo, has urged the central bank to temporarily create money to fund the government
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Poorest countries can now seek debt relief – World Bank
The President of the World Bank Group, David Malpass, has announced the beginning of a debt relief initiative for the
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COVID-19: NNPC, partners break ground for hospital in Bayelsa
The Nigerian National Petroleum Corporation and other operators involved in the oil and gas industry intervention initiative on COVID-19 have
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Nigerian oil, gas trainers face dearth of opportunities
Oil and gas trainers in Nigeria will be badly hit by the twin challenge of the COVID-19 pandemic and low
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$3.4bn loan will limit fall in Nigeria’s forex reserves – Mati
The International Monetary Fund’s Mission Chief for Nigeria, Amine Mati, in a conversation with ‘IMF Country Focus’, described the economic situation
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Price war: OPEC output posts biggest monthly rise in 30 years
Crude oil production by the Organisation of Petroleum Exporting Countries surged by the most in almost 30 years last month
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Nigerian stocks rebound, market cap nears N12tn
The Nigerian stock market extended its gains last week after taking a beating from the economic fallout of the coronavirus
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Can the Association of Nigerian Electricity Distributors declare force majeure?
By Dr Ayodele Oni Generally, the principle of privity of contract ensures that (except in very limited cases) the enforcement
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