Ibrahim Gambari resumes as Aso Villa CoS, attends first FEC meeting FG, Revises 2020 Budget Fundamentals
Here is why you should pick up a copy of The Guardian on Thursday. Find these stories and much more when you grab a copy of The Guardian on the newsstands on Thursday.
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
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.
Global coronavirus cases pass 1.5 million, Masari orders lockdown of Daura suspected cases of COVID-19 and more
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.
Global markets continue slide on COVID-19, oil price war
Global central banks unveil bigger spending measures to counter the effects of the coronavirus outbreak – this comes as OPEC and the International Energy Agency warn that developing countries could lose up to 85 per cent of oil and gas income this year. Gbite Oduneye, Co-Founder of Eagle Global Markets joins CNBC Africa to breakdown the impact of the global pandemic on markets.
Oil price war: Saudi Arabia, US, Nigeria among big losers
While Riyadh's price war may be aimed at Moscow, it's likely to inflict greater pain on the kingdom and its OPEC allies. DW looks at how likely the global oil producers, including the US, are to weather this crisis.
Oil prices collapse with biggest drop since 1991 Gulf War
Saudi Arabia has taken drastic measures after Russia refused to comply with OPEC efforts to stabilize the market. The economic fallout of the coronavirus outbreak is cutting deep into global demand for fossil fuels.
OPEC agrees to extend production cuts by nine months
OPEC agreed to extend production cuts by nine months after several members endorsed the move aimed at supporting oil prices amid a weakening global economy. The deal will take effect once non-OPEC allies give their approval at a meeting scheduled to hold today. Oyeyemi Oke, Oil and Gas Lawyer and Partner at A02 Law joins CNBC Africa to discuss this and other stories impacting the global oil market.
OPEC output falls most in almost two years
OPEC's production plunged by the most in almost two years in December, even before the deal to cut oil supplies started. Output fell 530,000 barrels a day to 32.6 million.
Riyadh between an OPEC rock and Trump's hard place
Donald Trump wants Riyadh to keep pumping oil to keep global prices low, a tactic that pleases his blue-collar base at home. But the Saudis may balk at opposing other OPEC members ahead of a key meeting of the cartel.