Oil prices rose Wednesday after an upswing in China’s trade for April restored hopes that the world’s second-largest economy was strengthening. Benchmark crude for June delivery was up 10 cents to $95.72 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell […]
Tag: China
Nigerian banks increase lending to private sector
Indications have emerged that Deposit Money Banks have increased their appetite for lending to the private sector. The banks have led the way in Africa’s syndicated loan market so far this year, with more than $10bn of deals signed in the market. For instance, MTN Nigeria last week agreed to […]
US, China, Russia Ranks Top 3 Global Energy Subsidizers
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The United States (US), China and Russia are ranked as the top three Global Energy subsidizers. This is contained in a Subsidy paper titled “Energy Subsidy Reform: Lessons and Implications†by the International Monetary Fund (IMF) and made available to InvestAdvocate. The paper said in […]
