Culled—Proshare May 13, 2020 By FBNQuest Research                                                                                   Power shortages in Nigeria significantly impede growth and development. Industry sources suggest that the lack of access to reliable electricity costs Nigeria an estimated US$29bn per year. According to the Transmission Company of Nigeria, poor gas supply to power stations has persisted. This […]

Culled—Proshare May 13, 2020 By CSL Research A Business Day article reports that Nigerian manufacturers are struggling to stay in business because foreign exchange shortage caused by the collapse in oil prices means they can’t import raw materials. According to the report, Members of the Manufacturers Association of Nigeria have […]

May 12, 2020/OilPrice.com Chart of the Week –    Production from U.S. coal-fired power plants fell to 966,000 GWh in 2019, the lowest level since 1976. The 16 percent decline was also the largest in percentage terms in history. –    The EIA attributes the decline largely to increased output from […]