Brent crude could climb as high as $110 per barrel if Iran blocks the Strait of Hormuz, according to a new report by Goldman Sachs. The investment bank projects this scenario could unfold if oil shipm...
Despite the challenges, the Monetary Policy Committee held the MPR steady at 27.5 per cent, with Governor Yemi Cardoso attributing the naira’s resilience and balance of payments surplus to timely refo...
Global financial services firm, JP Morgan Chase, yesterday, warned that the substantial decline in oil prices below its break-even of $60 per barrel, will push Nigeria’s current account balance into d...
Global oil prices tumbled to their lowest in more than four years on Wednesday as fears over weakening demand and a supply excess deepened, driven by a renewed trade standoff between the United States...
Nigeria’s economic outlook for 2025 has come under increasing strain as tumbling global oil prices and a shortfall in crude oil production threaten the revenue projections underpinning the nation’s bu...
