Africa’s power distribution problems require modern, decentralized grid

By Anastasia Walsh Electrification is an on-going and foundational investment, and a necessary one to realize all modern-day development objectives. Despite bullish policies, the fact remains that over 640 million Africans lack access to electricity. The effect of this is apparent. It impedes economic growth; it inhibits the advancements of self-reliant local communities, and it […]

Trump’s impeachment move a distraction

By Hussein Sayed Investors were caught by surprise when the Speaker of the US House of Representatives Nancy Pelosi announced on Tuesday that she would initiate a formal impeachment inquiry against President Trump. The news led to a mild selloff in US equities with the S&P 500 ending the trading session 0.84% lower. It only […]

Winners and losers from surging oil prices

By Lukman Otunuga The explosive appreciation in oil prices could not have come at a more testing period for the global economy currently embroiled in trade wars, geopolitical risks and fears over decelerating economic growth. Oil bulls are clearly back in the picture after drone attacks on Saudi Arabia’s oil fields over the weekend wiped […]

CBN rate cut on the horizon as inflation slows to 12-month low

By Lukman Otunuga, Senior Research Analyst, FXTM The latest inflation figures from the Nigerian economy are certainly good news for the Central Bank of Nigeria (CBN) and the economy as a whole. Inflation in Africa’s largest economy dropped to its lowest in a year at 11.1% last month as food prices and services reduced in […]

The threat that will send oil down to $10

By Nick Cunningham of Oil prices will need to trade at around $9 to $10 per barrel in the long run if gasoline [petrol] is going to be able to compete with electric vehicles and renewable energy. That startling conclusion comes from BNP Paribas, which warned in a new report that crude oil is […]

Nigeria rate cut coming as global monetary easing cycle gains momentum

By Lukman Otunuga Unfavourable macroeconomic conditions across the globe have prompted major central banks to embark on a monetary easing cycle to counter a global slowdown. There is widespread speculation that the US Federal Reserve intends to trim interest rates in order to prevent an economic deceleration in the world’s largest economy. The global financial […]