Coronavirus, oil price crash trigger dollar shortage in Nigeria

Global Pact to Contain Oil Price Crash Takes Shape  VOA News

Asian stocks slide as S&P 500 futures shed nearly 5% on oil price crash  FXStreetAsia plunges, European & US futures collapse as panicked investors seek safe haven from perfect storm ravaging markets  RTU.S. stock futures tumble 4% on coronavirus fears in pre-market trade  Kitco NEWSDow futures tumble more than 1,000 points as all-out oil price war adds to coronavirus stress; 10-year Treasury yield drops below 0.5%  CNBCDow Futures Crash 1,000 Points as Saudi Arabia Destroys Oil...

The prolonged slump in the price of oil forces oil-export dependent Nigeria to revise its budget plans, prompting its currency to fall to a record low.

Gulf bourses dive as coronavirus hits oil price  RFIView Full coverage on Google News

Look out! Stocks nosedive on oil price war and coronavirus fears  Aljazeera.comOil plunges in Asia as producers start price war  BBC NewsRussian Ruble Plummets Amid Oil Market Chaos  The Moscow TimesSix Thoughts on the Collapse of the Oil Market  BloombergCoronavirus and Russia Will Test Saudi Game Plan  BloombergView Full coverage on Google News

Bitcoin Price Clings to $6K Amid Warning 90% Recovery May Trigger Dip  CointelegraphRipple Executive Responds After Bitcoin (BTC) Investor Warns Wrecking Ball Coming for Leading Cryptocurrency  The Daily HodlWhat is the Bitcoin halving?  IG UKBitcoin Is Half-Priced ‘Hurricane Insurance,’ Says Crypto Fund Manager  CointelegraphCrypto Strategist Who Accurately Called Bitcoin (BTC) Crash to $3,200 Says Major Shift Incoming  The Daily HodlView Full coverage on Google...

US crude oil price falls below $20  Financial TimesOil Plummets to 17-Year Low as Broken Market Drowns in Crude  BloombergCrude oil futures slide as pandemic darkens demand outlook  CNBCWhy Saudi Arabia is likely to blink first in oil price war with Russia  South China Morning PostWelcome to a Truly Free Oil Market  BloombergView Full coverage on Google News

The recent fall of oil prices in the world market has sent a positive note to Tanzania’s balance of payments with the country’s current account narrowing by 11 per cent in the year ending November 2014.

>If you are a motorist or you work in a business that is heavily dependent on oil, consider yourself safe from a price hike—in the next four months, at least.