Thursday, June 18, 2020 Nigeria, others expect oil market to recover in H2 Nigeria and other members of the Organisation of Petroleum Exporting Countries have said the global oil market will recover in the second half of this year…Read more. Naira slumps to 452/$ as speculations, debt weaken market The dollar exchanged for N452 at…
DetailsWednesday, June 17, 2020 Nigeria’s economy seen in sharp plunge in Q2 with 91% of sectors trodden by virus Nigeria’s economy is forecast to see a sharp plunge in the second quarter (Q2) of 2020 with 91 percent of sectors ravaged by the coronavirus pandemic, according to early estimates by Yemi Kale, the country’s chief…
DetailsTuesday, June 16, 2020 Nigeria’s fiscal headache goes from bad to worse Nigeria may be facing a deeper fiscal crisis than expected with data from the budget office showing that the Federal Government spent N99 of every N100 earned paying interest to creditors in the first quarter of 2020…Read more. Nigerians stuck with cash transactions…
DetailsMonday, June 15, 2020 Nigeria’s FX demand backlog near 2016 crisis levels of $7bn Nigeria is facing a $7 billion FX demand backlog that is rolling back ugly memories of the dark days of 2016 when manufacturers and investors were starved of dollars leading to a near collapse of the economy…Read more. FG defaults in…
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