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Brent

Analysis of Nigeria’s Fiscal Revenue from January to April 2020

By Sheriffdeen AdeotiPosted on Posted in EconomyTagged , , , , , , , No Comments on Analysis of Nigeria’s Fiscal Revenue from January to April 2020

₦1.25 trillion was expected to be generated in January and February, however, ₦952.5 billion and ₦845.1 billion was generated respectively implying that only 76% and 68% of expected revenue were achieved.
The month (March) which ushered in the Great Lockdown, saw a steep decline in revenue by 14% to ₦729.64 billion (M-o-M) compared to ₦1.32 trillion expected to be collected showing underperformance of 45% revenue collection. Mild recovery was experienced in April’s revenue to ₦915.28bn against ₦1.32trillion expected, an improved 70% target revenue generated.

Can OPEC+ Still Justify Its Deep Output Cuts?

By Joshua OlorunsaiyePosted on Posted in AgenciesTagged , , , , , , No Comments on Can OPEC+ Still Justify Its Deep Output Cuts?

OPEC+ compliance rose sharply in June, helping to tighten up the market. The improved compliance also boosted confidence and cohesion in the group’s collective effort ahead of a possible loosening of the supply curtailments. Perhaps counterintuitively, that increases the odds that the group increases production beginning in August.

US Shale Could Crash the Oil Market Recovery

By Abubakar AbdulrahmanPosted on Posted in Africa & World EconomyTagged , , , , , , , No Comments on US Shale Could Crash the Oil Market Recovery

The oil price crash was the result of a severe decline in international oil demand thanks to the spread of the novel coronavirus, made infinitely worse by an ensuing oil price war between the leading OPEC+ members of Saudi Arabia and Russia.

Why Oil Price Crashed Below $0 Per Barrel

By Abdulazeez KurangaPosted on Posted in ArticlesTagged , , , , , 5 Comments on Why Oil Price Crashed Below $0 Per Barrel

First of all, there are Different Brands of Crude Oil To start, it is worthy to note that there are different variants of crude oil in the international market with the Brent serving as the benchmark just the same way the United States dollar is the benchmark when converting different currencies of the world. The […]

Turning the COVID-19 Tragedy into an Opportunity for a New Nigeria

By Joshua OlorunsaiyePosted on Posted in ArticlesTagged , , , , , , 4 Comments on Turning the COVID-19 Tragedy into an Opportunity for a New Nigeria

By Godwin Emefiele, Governor of the Central Bank of Nigeria. As many people are now aware, the outbreak of the novel coronavirus disease in China has rapidly permeated and profoundly changed the world. While this crisis is first and foremost a public health issue, which has claimed the lives of over 123,600 people worldwide, and […]

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