20 Oct 2020
Nigeria is officially in recession for the first time in more than a decade, bringing an end to three years of low but positive growth. The African country's economy relies heavily on oil exports, but the coronavirus pandemic has slashed global demand and the price of oil has plunged. That's bad news for a country whose budget plans relied on getting a certain price per barrel, a price that now means Nigeria is selling crude at a loss. Our correspondent Moïse Gomes reports from Lagos.
China denies cover-up as wuhan death toll revised up by 50%, Naira drops to N387.65 as crude oil price plunges to $27 per barrel
17 Apr 2020
Here is why you should pick a copy of The Guardian on Saturday. Find these stories and much more when you grab a copy of The Guardian on the newsstands on Saturday.
Nigeria’s second coronavirus case now negative, Premier League, La Liga, NBA, NFL and others suspend
13 Mar 2020
Here is why you should pick up a copy of The Guardian on Saturday. Find these stories and much more when you grab a copy of The Guardian on the newsstands on Saturday.
26 Jun 2019
Governor of Nigeria's Central Bank says the apex banks development finance efforts have been driven by the need to reduce reliance on crude as smuggling and dumping over the years have led to a demise of Agriculture. Obiora Madu, CEO of Multimix Group joins CNBC Africa to discuss some developments impacting Nigeria's non-oil exports.
1 Dec 2018
Crude posted its biggest gain in months as the world's largest oil exporters prepare to talk global supplies. This is despite daily oil output from Saudi Arabia reaching a record 11.2 million barrels a day.
5 Nov 2018
Iran is bracing for renewed U.S. sanctions over the next few hours. These measures are targeting the oil sector, shipping and financial transactions. U.S. Secretary of State Mike Pompeo says Iranian crude exports are already down by 1 million barrels a day. Bloomberg's Jodi Schneider reports on "Bloomberg Daybreak: Asia."