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Oil Uncertainty To Persist – Goldman Sachs And Morgan Lay Statistics

Oil Uncertainty To Persist – Goldman Sachs And Morgan Lay Statistics

Oil’s gains risk being quelled by uncertainty over how the OPEC+ coalition will implement its deal to cut output, according to Goldman Sachs Group Inc. and Morgan Stanley.  While producers including Saudi Arabia and Russia defied market expectations as well as U.S. President Donald Trump late last week to pledge 1.2 million barrels a day of curbs, the lack […]

S. Africa’s Economy Emerges From First Recession In Decade

S. Africa’s Economy Emerges From First Recession In Decade

South Africa emerged from its first recession in almost a decade in the third quarter as recoveries in manufacturing and agriculture contributed to an increase in economic growth.  Gross domestic product rose by an annualized 2.2 percent in the three months through September compared with a revised 0.4 percent contraction in the prior quarter, Statistics […]

Nigeria’s Economy Is Bleak, Says World Bank

Nigeria’s Economy Is Bleak, Says World Bank

The World Bank has said that Nigeria’s Gross Domestic Product (GDP) growth is expected to hover slightly below two per cent in 2018, largely driven by non-oil industry and services. Its “Economic Update” issued in Abuja yesterday indicates that Nigeria, like many other countries, has underinvested in human capital and remains very low compared to […]

Saudi Money, Khashoggi, The Downturn Of Investments

Saudi Money, Khashoggi, The Downturn Of Investments

The murder of Saudi columnist Jamal Khashoggi last month has soured the world’s politicians on the once-feted Crown Prince Mohammed Bin Salman. Private capital turned against him long before that.  Ever since dozens of royals and business chiefs were detained in November 2017 as part of a declared crackdown on corruption, a growing number of […]

Oil Production To Boost South Sudan’s Economy

Oil Production To Boost South Sudan’s Economy

After years of conflict-induced shutdown, South Sudan expects a windfall from resumed oil production to spur economic growth as it opens territory to new investors to explore more hydrocarbon deposits. Government officials in Juba, and private sector players, hope the July 2018 peace pact between the warring factions will hold and build investor confidence to […]

Grid Lock And Its Effect On The Nigerian Economy

Grid Lock And Its Effect On The Nigerian Economy

The lines of aging blue, red and yellow trucks begin almost 6 miles (10 kilometers) from the gates of Nigeria’s main port of Apapa.  Valentine, a 34-year-old driver, has been queuing outside the Lagos site for two weeks. He’s had to deal with policemen demanding bribes and fend off hoodlums known as area boys. “This […]

The World Of SAVINGS!

The World Of SAVINGS!

A lot of times, we are encouraged to save. Finance experts, books, sermons, finance groups teach the importance of saving money, but how come people still struggle with saving money successfully? Savings is simply putting money aside from your income on a regular basis. It is income not spent. The rule of thumb is that […]

Bribes, Beatings and Gridlock at Ports Choke Nigeria Economy

Bribes, Beatings and Gridlock at Ports Choke Nigeria Economy

The lines of aging blue, red and yellow trucks begin almost 6 miles (10 kilometers) from the gates of Nigeria’s main port of Apapa. Valentine, a 34-year-old driver, has been queuing outside the Lagos site for two weeks. He’s had to deal with policemen demanding bribes and fend off hoodlums known as area boys. “This […]

The World of SAVINGS!

A lot of times, we are encouraged to save. Finance experts, books, sermons, finance groups teach the importance of saving money, but how come people still struggle with saving money successfully? Savings is simply putting money aside from your income on a regular basis. It is income not spent. The rule of thumb is that […]

Total Plans New Offshore Angola Well To Boost Oil Output

Total Plans New Offshore Angola Well To Boost Oil Output

  French oil company Total said on Saturday it plans to drill 13 wells on block 17, offshore Angola, in order to maintain production of 400,000 barrels per day of crude until 2023 in Africa’s second largest crude producer. In a statement, the company said the wells, which will connect marginal fields to existing floating […]

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