Briefing Note: OPEC fail to reach agreement April 17th 2016 OPEC fails to reach agreement on production cuts Without a consensus on crude oil output, oil production will remain high and consequently crude oil prices remain depressed. Immediate implications of… Continue Reading
Briefing Note: Yuan/Naira Currency Swap 1. What is a Currency Swap Its a Derivative currency trading instrument where the principal and interest in a currency is swapped or exchanged for the principal and currency of another currency Eg i swap… Continue Reading
Its important the government is commended for resolving the dispute between Geometric and Enugu Distribution Company. Geometric Power was the first Independent Power Plant (IPP) in Nigeria, This $500m plant, with a 27km gas pipeline, was designed to take Aba… Continue Reading
I had written earlier about how the Chinese National Offshore Oil Company (CNOOC) offered $50 billion (Fifty Billion USD) in 2009 for acquisition of six billion barrels of proven crude oil reserves in Nigeria’s onshore and deep offshore portfolios. Nigeria… Continue Reading
Briefing Note: Future Direction of Crude oil prices The medium term pricing for crude oil will be determined at the upcoming Doha Confrence promoted by Saudi Arabia; Russia and Venezuela who want a production cut Iran on the other hand… Continue Reading
So attached are official results of the Rivers State Elections… This cannot be an election, no way. not with voters killed, shootouts, Minister and Governors storming a police station over an INEC staff… No way… In a functional state, the… Continue Reading
The thing with budget process, Zero or Envelope is that they are continuous, they never stop. Whatever system is chosen, it still involves review of existing current budget, receipt of new budget proposals, review of proposals, consolidation of proposals, approval… Continue Reading
As you can see from article below on Palmoil, Free Trade is a myth France is “banning” palmoil imports to protect Sunflower which of course is European . France is 100% correct. …….Indonesia and other Palmoil exporters should simply “ban”… Continue Reading
Yesterday my friend suggested Buhari suspend the constitution for 6 months….to enable him “fight corruption”. I was against the idea, such an idea is arguing that President Buhari cannot govern and achieve results in a democracy, however on sleeping on… Continue Reading
“The key issue is that if I buy crude whether from Nigeria or anybody, I buy at an international price. If I produce product and want to sell, I should sell that product at an international price. So, I would… Continue Reading
