Culled—Proshare March 24, 2020 by CSL Research Yesterday, media reports stated Nigeria has cut its official selling price of crude oil to record lows as the country looks to clear a glut of unsold April-loading cargoes before announcing its May program. According to Reuters, the Nigerian National Petroleum Corporation (NNPC) […]

March 24, 2020/Coronation Weekly The Central Bank of Nigeria (CBN) last Friday changed the rate in the principal foreign exchange markets by 3.6% in US dollar terms. This looks like a swift adjustment to the pressures in the markets and suggests flexibility. When it comes to the Monetary Policy Rate […]

March 24, 2020/IMFBlog This blog is part of a series providing regional analysis on the effects of the coronavirus. By Jihad Azour The impact of COVID-19 and the oil price plunge in the Middle East and the Caucasus and Central Asia has been substantial and could intensify. With three-quarters of […]