July 6, 2021/Coronation Research In times of recession, and of budget shortfall, it is only normal to expect a central bank to lend money to its government. However, in Nigeria it appears to have become a habit. And the stock of debt is mounting. FX Last week, the exchange rate […]
OPINION/EDITORIAL
A Deadlock End at OPEC+ Meeting
July 6, 2021/CSL Research Following a 3-day intense discussion by the Organization of Petroleum Exporting Countries (OPEC) and its allies on oil output policy, no agreement was reached owing to reluctance by some key members to extend production cuts into 2022. The meeting was postponed indefinitely. Brent crude price continues […]
Fallout from OPEC+ July 2021 Meeting
July 6, 2021/United Capital Research OPEC and non-OPEC ministers ended their meeting without a resolution after a key member left the OPEC+ coalition marred in uncertainty. The group earlier postponed its meeting on oil output policy till Monday (5th July). The OPEC+ alliance had agreed in principle to boost supply […]
