Oil prices rose slightly amid reports of slower growth in China.

Oil prices rose slightly today as worries over signs of slower economic growth in China were countered by the Organization of Petroleum Exporting Countries’ (OPEC) production cutbacks. Brent crude traded at $55.69 per barrel, while West Texas Intermediate (WTI) rose to near $47 per barrel. Prices bounced back as a result of investors’ confidence that […]

Nigeria’s crude oil export fell slightly in Q3 2018-CBN

Nigeria’s crude oil export fell marginally, in the third quarter of 2018, averaging 1.39 million barrels per day, The Central Bank of Nigeria said in its newly released report. This figure represents a decline of 0.7 percent in comparison with the crude oil export of preceding quarter, at 1.40 million barrels per day. Allocation of […]

Africa needs $250 billion to scale up its electricity-Momoh

Africa requires about $250 billion worth of public private partnership investment to address the power deficit situation on the continent, James Momoh, the Executive Chairman, Nigerian Electricity Regulatory Commission (NERC) has said. He said in order to reach the United Nations’ (UN) target of Universal Access by 2030, the continent will need to add around […]