April 3, 2020/OilPrice.com While the figures quoted in Trump’s tweet appear to be unrealistic, there are now rumors of a global effort to cut production, with OPEC hosting a meeting on Monday on the topic. Friday, April 3rd, 2020 Oil prices surged by the most on record in percentage terms […]
OPINION/EDITORIAL
African Economy and COVID-19: A battle for economic survival
April 3, 2020/United Capital Report According to data from Africa Centres for Disease Control and Prevention (Africa CDC), the total number of confirmed COVID-19 cases in Africa as at the end of April 1, stood at 6,213 across 49 African countries with 221 deaths and 469 recoveries. Also, regional analysis […]
Macroeconomic Note: Weaker External Position Points to Further FX Adjustment
April 3, 2020/Cordros Report Nigeria’s current account (CA) position sustained its deficit run for the sixth consecutive quarter in Q4-19 (+157% q/q). We highlight that the absolute CA deficit of USD6.97 billion translates to 5.3% of GDP – representing the highest point in history. Analysing the breakdown, we note that […]
