August 28, 2020/OilPrice.com Oil prices retreated on Friday morning as it became clear that the damage caused by hurricane Laura was not as bad as markets had expected. Friday, August 28th, 2020 Oil prices retreated in the wake of Hurricane Laura, which led to much less destruction than the market […]
OPINION/EDITORIAL
PMI: Sustained Recovery in Activities Albeit Readings Still Below Water
Culled—Proshare August 2020 By CSL Research According to the Purchasing Managers Index (PMI) data released by the Central Bank of Nigeria (CBN) for the month of August, the recovery in activity levels was sustained though readings still remained below 50 index points. Specifically, the manufacturing PMI improved to 48.5 in August […]
The 2020 gold rush and Africa
August 28, 2020/United Capital Report In times of crises, investors take the advice of an Indonesian economist, Toba Beta, that says “Never trust money more than Gold.” The current COVID-19 induced economic crisis is one of such moments as investors rushed for Gold amid uncertainty and fear of post-COVID inflation. […]
