A record surge in U.S. oil production that has moved the country closer to energy independence threatens the existence of OPEC, according to analysts at Citigroup Inc. “OPEC should find it challenging to survive another 60 years, let alone another decade,” analysts led by Ed Morse, global head of commodities […]
Author: InvestAdvocate
Tanzania seeks US$ 114 Million IMF’s Credit
By Our Correspondent Lagos INVESTADVOCATE)-Tanzania Tuesday said its seeking to draw US$114 Million Standby Credit Facility (SCF) of the International Monetary Funds (IMF). This is contained in a Press Release from the IMF and made available to www.investadvocateng.com in Lagos Nigeria. “The Tanzanian authorities have informed the International Monetary […]
Banks slash current account charge to N3 …plan to reduce other charges
The Bankers Committee has said Deposit Money Banks in the country have agreed to reduce all bank charges in order to enhance financial inclusion. As a first step, the committee has already endorsed the downward review of the Commission on Turnover charged current account holders from N5 on every N1,000 […]