
Oil prices dropped on Thursday, reversing gains in the previous session, on concern over whether major crude producers will be able to agree to extend record...
…Projects 4 % ($15 bn) deficit of GDP in 2020 By JULIUS ALAGBE Experts have estimated that Nigeria will record current account deficits first time in...

By JULIUS ALAGBE Fitch, an international rating agency has stated that reduction in Nigeria’s oil supply into the market will affect growth, and impact on the nation’s...

The world economy is in dire straits. And Nigeria is not excluded. At the moment, there is a consensus that the world economy will certainly plunge...

Lukoil, the second-largest oil producer in Russia, plans to slash its crude oil production by 18 percent, or by 290,000 bpd, as part of the new...

By JULIUS ALAGBE As the impact of COVID-19 continues to be felt globally, there are indications that deposit money banks in 2020 performance would drop due...

The spread of Covid 19 pandemic has placed the country in a major emergency and Catch 22 situation since the civil war. Not the threat of...

By BUKOLA LONGE Nigeria’s 2020 budget estimate appears threatened as oil prices crashed below $50 on Friday, after the Organisation of Oil Exporting Countries (OPEC) failed...

Oil prices rose for a second day on Tuesday on expectations that central banks are likely to enact financial stimulus to offset the impacts of the...