Newest video updates about Coronavirus. Have a look at this “How the oil price plunge affects African companies | DW News” video below:
COVID-19 has seen oil prices collapse because of a global slump in demand. Oanda is one of Nigeria’s biggest local oil and gas companies, producing 43 000 barrel a day. The company is worth over $ 1 billion with a market cap of $ 300 million. COO Alex Irune shares his views with DW on how the COVID-19 pandemic is impacting the Nigerian oil sector.