.William Ebbs @ebbs_william With oil prices falling below zero dollars per barrel, it’s only a matter of time before Nigeria’s debt-ridden government goes bankrupt. Nigeria is slipping toward economic collapse that could include a devalued currency and soaring inflation as oil prices go negative. Oil prices have fallen to all-time lows with some benchmark futures […]
In its bid to ensure that the Presidential directive on the lockdown of some states is adhered to without concerns about availability of petroleum products, the Nigerian National Petroleum Corporation (NNPC) has announced the activation of measures to guarantee seamless distribution of fuel across the country throughout the period of the lockdown and beyond. A […]
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has said the human costs of the coronavirus (COVID-19) pandemic are already immeasurable. She also disclosed that nearly 80 countries are requesting for its help. The IMF boss who said this in a podcast posted on the Fund’s website, pointed out that, the Washington-based […]
The management of the Nigerian National Petroleum Corporation has retired no fewer than 40 Group General Managers (GGMs) and General Managers (GMs) at the oil firm. It was gathered on Thursday in Abuja that the affected GGMs and GMs were asked to leave the employ of the oil firm on Wednesday. Sources at the […]
