FG faces oil slump with all indicators worse than in 2008
Nigeria doesn’t have the buffers it did in 2008 to shrug off an oil-induced global recession, leaving the economy more...
- Tuesday, June 23, 2026
BusinessDay
Nigeria doesn’t have the buffers it did in 2008 to shrug off an oil-induced global recession, leaving the economy more...
Yields on Nigeria’s 2049 Eurobonds climbed 143 basis points to 10.18 percent on Monday, the highest on record, while the...
The yields on Nigerian OMO bills spiked to 17 percent at the end of trading Monday from 14.12 percent Friday,...
The naira bucked the trend of currencies of oil producers as it barely budged Monday despite oil tumbling to historic...
Nigeria’s economic advisory council had its meeting in Abuja on Friday and Saturday and Doyin Salami, the Council’s chair, is...
Business leaders are angling for President Muhammadu Buhari to address the country as the drastic slump in oil prices leaves...
Oil majors, British Petroleum and Shell are down 20 percent this morning as the oil price crash sends shock waves...
Brent crude, the international benchmark, fell to its lowest since 2016 before seeing a modest recovery to $33 per barrel...
Oil prices in free fall, crumbles to $32.8 Oil prices have plunged even further since shedding 31 percent in a matter of seconds...
In a matter of seconds, oil prices plunged 31% in Asia on Monday morning as the market reacted to what...