Economy, Finance, Business News Headlines and Insights, 21st April 2020

Nigeria’s Oil Curse Could Become an Opportunity … Bloomberg

Just a decade after crude was first discovered in 1957, it was already tearing apart the young country in civil war. Production has never far exceeded the 2.3 million barrels a day hit in 1979, and won’t in the foreseeable future. Nigeria’s oil output was insufficient to spark a Middle Eastern-style economic miracle back then; now, with a population three times larger, it’s woefully inadequate…read more

Business and Economy

  • FG eyes 1.7m MT of milk production target by 2024… Read more
  • Importers lose N16bn yearly to foreign shipping firms… Read more
  • Mobile industry eyes zero carbon emission by 2050… Read more
  • Unity Bank shows financial resilience… Read more
  • Nigeria, others lose N380b yearly to Gulf of Guinea piracy… Read more
  • How government denies self of N5.26tr tax revenue… Read more

Oil and Energy

  • Oil Prices Down Despite Libya Outage… Read more
  • OPEC+ May Downgrade Ministers’ Meeting, Leave Output Unchanged… Read more
  • How petrol smuggling puts pressure on NNPC to meet ‘72.72m litres’ demand… Read more
  • AGF promises to help NEITI track oil & gas revenue… Read more
  • Nigeria’s daily gas production drops to 7,574.68 mmscf — Investigation… Read more
  • FG blames tanker drivers, employers feud for fuel scarcity… Read more

Covid-19 Update

  • NCDC reports zero COVID-19-related death in nine days… Read more
  • COVID-19 third wave possible if Nigerians continue ignoring safety measures –Tomori… Read more
  • How vaccines are affecting covid-19 outbreaks globally… Read more
  • Delhi warns hospitals running out of oxygen amid India’s devastating Covid wave… Read more

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