OPINION/EDITORIAL

OPEC+ Under Pressure as Oil Prices Plunge Again

November 30, 2021/OilPrice.com Chart of the Week – Oil prices witnessed their biggest day-on-day loss in 18 months this Friday, with WTI falling a whopping $10.2 per barrel to the low $70s as Omicron fears sent ripples across markets.  – The WTI Jan 2022 contract saw the highest number of traded volumes […]

Fuel Subsidy Removal in Nigeria: A Potential Double-Edged Sword

November 30, 2021/United Capital Report Recently, the Minister of Finance hinted at a subsidy removal in 2022, with the Minister hinting at replacing the program with a N5,000 cash handout for the poorest Nigerians. The move to continue to treat Petrol Motor Spirit (PMS) as a public (which should be […]

The Omicron Variant and the Nigerian Economy

November 30, 2021/CSL Research According to reports, the province of Ontario, Canada has confirmed two cases of COVID-19 omicron variant from persons who had recently traveled from Nigeria. However, the federal government through the Nigeria Centre for Disease Control (NCDC) has said that the deadly omicron variant of the coronavirus […]