OPEC Still Got Swagger; They Collapsed US Stocks! OPEC’s finally getting some credibility back behind its swagger, ahead of the oil group’s meeting later this month in Vienna. The cartel’s members complied to the tune of 104 percent in October on orders to pull back 1.2 million barrels a day, according to Bloomberg…
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Is UK “Bribing” Saudi Aramco With $2 Billion for a London Listing? Reuters reports (Non. 9, 2017) that Britain will provide $2 billion in credit guarantees to Saudi Aramco (IPO-ARMO.SE) so it can buy British goods and services more easily. Some observers, however, suspect that the loan was part of efforts to persuade the…
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Big Changes Are Coming to South Africa’s Competition Law The chairperson of the Ministerial advisory panel set up to propose ways of strengthening the Competition Act to deal with “persistently high levels of economic concentration” in the South African economy says the draft legislation should be released for public comment during November. Addressing…
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Investment Opportunities and Challenges in Nigeria’s Gaming Industry Nigeria is the first African economy on the video game industry with more than US$120 million in annual revenue, followed by Egypt and South Africa. A lot has changed within the Nigerian gaming landscape since the PwC April 2016 “The Gaming Industry in Nigeria” publication. The gaming industry…
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Investment Opportunities and Challenges in Nigeria’s Gaming Industry Nigeria is the first African economy on the video game industry with more than US$120 million in annual revenue, followed by Egypt and South Africa. A lot has changed within the Nigerian gaming landscape since the PwC April 2016 “The Gaming Industry in Nigeria” publication. The gaming…
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Should You Trade Your Gold for Bitcoin? Here’s What Gold Experts Think Thinking about trading your gold in for cryptocurrencies? Here’s why today’s top gold experts believe you should keep gold in your portfolio. As 2017 races to an end, many analysts and currency traders and stakeholders are struggling about what to make of…
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Russia Bets on “Voracious” China With $6 Billion Fertilizer Mines MOSCOW – China’s dilemma of how to feed its booming population will partially be answered by fancier fertilizers, according to one of the world’s richest billionaires. EuroChem Group AG, owned by Russian commodities tycoon Andrey Melnichenko, is spending over $6-billion on two mines…
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The New Ranking of Nigerian Banks Will Surprise You! How Nigerian Banks rank in terms of deposits, balance sheet size, ROE etc.? If you’ve been concerned that Nigerian banks rely mostly on government securities for most of their impressive earnings, you’re not alone. The 2017 9 M results released over the last two to three…
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They’re Back…,Niger Delta Militants, As Oil Price Rises! Niger delta Militants The relative peace that has been enjoyed in the Niger Delta, may soon be a thing of the past if the words of the Niger Delta Avengers (NDA) are anything to go by. In a statement released on their website, the militant group…
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The Latest Business Ranking: Is Nigeria Out of the Woods Yet? By Deloitte November 6, 2017 Stakeholders in and outside Nigeria would be elated to read the latest Doing Business Report of the World Bank which sees Nigeria, “the Crippled Giant”, leaping to 145th among 190 economies on the ease of doing business. Nigeria…
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