February 7, 2022/IMF On January 31, 2022, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Nigeria. The Nigerian economy is recovering from a historic downturn benefitting from government policy support, rising oil prices and international financial assistance. Nigeria exited the recession in 2020Q4 and […]
Updates
Shell’s Sizeable Oil Discovery in Namibia Means Huge Opportunity For Economic Growth
Image Credit: AEC February 7, 2022/AEC Week The global oil major has announced a significant oil discovery in the offshore Graff-1 well in Namibia, reaffirming the hydrocarbon potential of Namibia. The National Petroleum Corporation of Namibia (NAMCOR) – alongside partners Shell Namibia Upstream B.V. and Qatar Energy – have announced […]
United Capital Research Investment Views This Week 7th February 2022 to 11th February 2022
February 7, 2022/United Capital Research Macro Highlights and Outlook Last week, following the conclusion of the OPEC+ meeting, Nigeria’s oil production quota was increased by 20,000bpd to 1.72mbpd from 1.7mbpd previously. However, we continue to fall short of our production targets. As disclosed by Reuters in its oil production survey […]
