March 11, 2019/Fitch Ratings Nigerian banks’ rising local-currency (LC) issuance is credit positive as it diversifies their funding and reduces their foreign-exchange risk, Fitch Ratings says in a new report. However, most ratings remain constrained by Nigeria’s operating environment and ‘B+’ sovereign rating. The increase in LC issuance reflects banks’ […]
OPINION/EDITORIAL
Oil Prices Sink On Negative Economic Data
March 8, 2019/OilPrice.com Oil prices fell on Friday as a combination of poor economic data from China and a move by Norway’s sovereign wealth fund to divest from the oil sector boosted bearish sentiment. Friday, March 8, 2019 Oil prices sold off on Friday on weak data from China, poor […]
Oil For Power: Bucking A Long-Term Trend
March 8, 2019/OilPrice.com Oil demand for power generation has been in long-term decline since 1990 as countries have gradually displaced oil with cheaper feedstocks, primarily coal and natural gas. Since 1990, this process has freed up some 2 million b/d of oil for other uses. However, oil for power still […]
