- President Muhammadu Buhari held talks Saudi’s Crown Prince bin Salman on the need for stability in the oil markets
- The meeting between both leaders was disclosed by Bashir Ahmad, the personal assistant on new media to the president
- Ahmad said both leaders reviewed the OPEC+ agreement and the ways to further enhance mutual cooperation
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President Muhammadu Buhari on Tuesday, June 30, held talks Saudi’s crown prince, Muhammad Bin Salman on the need for stability in the oil markets
Bashir Ahmad, the personal assistant on new media to the president in a tweet disclosed that both leaders reviewed the OPEC+ agreement and the ways to further enhance mutual cooperation in this regard.
He said the president and the crown prince also discussed the ties between the two countries and the need to boost them.
The discussion between Buhari and Bin Salman was similarly reported by the Saudi press agency.
"President @MBuhari holds talk with Saudi’s Crown Prince, Muhammad bin Salman. Both leaders underlined the need for stability in the oil markets, reviewed the OPEC+ agreement and the ways to further enhance mutual cooperation in that regard," Bashir Ahmad tweeted.
Meanwhile, the Central Bank of Nigeria (CBN) has waived the requirement for the provision of guarantors by households and SMEs applying for its N50 billion COVID-19 targeted credit facility. Legit.ng reports that the apex bank made this revelation on its official Twitter account.
The Nation reports that a source at the CBN confirmed that the reason for waiving the guarantor requirement was to reduce the stress on applicants trying to access the loan.
According to the source: “The CBN wants to minimise the stress on applicants but that does not mean that they will not pay back the loan. They will.”
The CBN initiated the N50 billion COVID-19 targeted credit facility for households and SMEs to mitigate the harsh economic impact of the coronavirus pandemic.
Already, thousands of Nigerians have applied for the loan while the implementing agency the NIRSAL Microfinance Bank (NMFB) has been processing the applications for disbursement.
In another report, Africa Facts Zone has released a list of top 11 African countries with the fastest-growing economies on the continent in 2020.
On the list, South Sudan leads with a growth rate of 8.2% while, Rwanda follows in second place with 8.1%. Cote d'Ivoire, Ethiopia, Senegal are in the third, fourth, and fifth positions with 7.3%, 7.2%, and 6.8% respectively.
Mozambique, Niger, and Burkina are at the lower part of the list at number 9, 10, and 11.
Oil price crash: What does this mean for Nigeria? | Legit TV