Big oil-producing countries have faced a double-hit in recent months: the sudden drop in prices of oil and the economic impact of the global ... pandemic. In the case of Angola, which entered both crises with an already weakened economy, how are its prospects looking? The Africa Report speaks to Sergio Pugliese, the Executive President for the African Energy Chamber (AEC), to find out.
Corporate governance rather than capital strength is the main challenge facing Nigerian regulators and banks grappling with lending exposure ... to the country’s oil producers. In the second story of our series, we look at the impact of COVID-19 on Nigeria's economy as it considers the outlook for banks who have lent to oil producers.
The fragility of the reserves being used to support the naira and it's revalued rate shows that Nigeria needs to find new ways of earning foreign ... currency. In the first story of our series on the impact of COVID-19 on Nigeria, we look how its economy considers strategies to reduce the naira’s dependence on volatile oil prices.
Africa can’t afford to wait for its free trade agreement to promote integrated markets for small and medium-sized companies, International ... Islamic Trade Finance Corporation (ITFC) CEO Hani Salem Sonbol tells The Africa Report.
Enforced lockdowns across the world to stop the spread of COVID-19 has led to the slowing down and even halt of several economies, wreaking havoc ... on the global economy. According to the IMF, the world is now in a recession. How will Nigeria fare in the midst of all of this?