Oil prices to average $91 per barrel in 2022, says Fitch

Fitch Solutions has forecast an average $91 per barrel for Brent crude oil in 2022 on the back of current supply constraints continuing well into that year, it said.   In the years leading up to 2022 however, Fitch’s analysts are predicting the benchmark crude to average $75 per barrel this year, $82 per barrel […]

Nigeria equities market rebounds 0.70% on buy interest in Dangote Cement

Nigeria’s equities market performed positively Thursday following buy interest in DANGCEM (+3.0%) as excluding DANGECM the market would have closed in the red. The benchmark index thus gained 0.70 percent to settle at 32,664.63 points with market capitalization increasing by N83.0 billion to N11.9 trillion, while year-to-date return improved to -14.6 percent. Activity level was […]

AFDB seeks flexible innovative solutions to light up 200m African homes

The African Development Bank (AfDB) is seeking flexible and innovative solutions that will encompass technology and financing for the provision of electricity to homes across the African continent. According to Wale Shonibare, AfDB’s director for energy financial solutions, policy and regulation, the multilateral development finance institution is committed to connect millions of households under its […]