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Crude oil prices drop, geopolitical tension deepens

Monthly Archives: May 2020

Crude oil prices drop, geopolitical tension deepens

Crude oil prices have been under pressure after Larry Kudlow, said the Chinese were making “a big mistake” with national security laws enacted in Hong Kong.   Brent crude dropped slightly to 0.17%, trading at $36.18 by at 6 am Nigerian time. U.S’s West Texas Intermediate crude futures also lost about 0.35%, at $34.23 a barrel.   Crude oil prices have been under […]

COVID-19: Africa to lose $200bn -IMF

The International Monetary Fund (IMF) has predicted that Nigeria and other Sub-Saharan African (SSA) countries will lose over $200bn in income at the close of 2020 fiscal year due to the COVID-19 pandemic. The Head of Research in the IMF’s African Department that publishes the Sub-Saharan Economic Outlook report, Mr. […]

Equities market upbeat as investors gain N462bn

The bullish momentum in the Nigerian Stock Exchange (NSE)  continued yesterday as the All-Share Index rose 125bps to close at 24,758.39 points following price accretion in BUA cement (+9.9percent ), Zenith Bank (+3.0percent ) and Unilever (+9.3percent ). Consequently, investors’ value appreciated N462.3bn to N12.9tn while Year-To-Date (YTD) returns settled […]