OPINION/EDITORIAL

Bullish Sentiment Remains Despite Oil Price Dip

December 20, 2019/OilPrice.com With positive economic sentiment and a recent drawdown in U.S. crude inventories, oil markets are cautiously bullish about the coming year. Friday, December 20th, 2019 Oil didn’t move a lot this week, but it may have consolidated gains achieved earlier this month. The trade talks continue on […]

Angola: Promoting Sustained, Inclusive Growth and Reducing Oil Dependency

December 19, 2019/IMF IMF Country Focus The IMF has approved the second review of its largest program in sub-Saharan Africa. It has given the green light to continued financial support to Angola under the Extended Fund Facility. This will mean about $1.5 billion disbursed, of a planned total of $3.7 […]

Naira Interest Rates: Enough Bank Capital for a Credit Boom?

December 20, 2019/Coronation Report Conditions for a credit boom in place                  Since October Nigeria has operated a two-tier interest rate system (see chart, below), resulting in steep declines in T-bill rates (page 5). Combined with the Central Bank of Nigeria’s (CBN) tough lending targets for banks, the results are […]