The Central Bank of Nigeria (CBN) has reported that Nigeria recorded $1.4 billion trade deficit in August this year as earnings from non-oil exports dipped by 11 percent or $32 billion during the month. The deficit balance of trade value by the Nigeria came amidst improved value of external trade by 12 percent to $5.8 […]
The International Energy Agency (IEA) on Tuesday revised downward its 2020 oil demand forecast, citing caution about the pace of economic recovery from the pandemic as a major factor for the review. The Paris-based agency expects demand to fall even further by 8.4 million barrels per day in 2020, compared to its earlier estimate of […]