Press release: It is to my consternation that despite the crash in the price of oil, and the inability of Nigeria to expand our revenue base through the non oil sector, the Federal Government of Nigeria has only seen fit to slash our budget by a mere 0.6%, from ₦10.594 trillion to ₦ 10.523 trillion. […]
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Today, Unilever announced its results for the first quarter of 2020, which show flat underlying sales with developed markets growing 2.8% whilst emerging markets declined 1.8%. -Underlying sales were flat with volume growth of 0.2% and negative price of 0.2% Developed markets underlying sales growth was 2.8% and emerging markets declined 1.8%; -Turnover increased 0.2% […]
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Demand for oil will likely be negative in 2020, adding further downward pressure to plummeting prices, according to BP CFO Brian Gilvary in an interview with CNBC. Around the time of its earnings report in early February, the energy giant anticipated that demand would weaken by around 300,000 to 500,000 barrels a day. But on […]
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My Dear Compatriots, NIGERIA’S DECADE Today marks a new decade. It is a time of hope, optimism and fresh possibilities. We look forward as a nation to the 2020s as the opportunity to build on the foundations we have laid together on security, diversification of our economy and taking on the curse of corruption. These […]
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Nigerians are entering the last year of the decade deeply divided with those supporting and opposing the status quo unrelenting in their entrenched positions.From the political elite to the economic operators,the differences are palpable and the gulf deepening.Is elite battle in anyway in the interest of the masses? The Buhari administration had posited that previous […]
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Investments by exploration and production firms in shale and tight oil are slated to drop by almost 12% in 2020, according to a forecast from consultancy Rystad Energy. That compares with a decrease of 4% for overall global upstream investments for the year, with deep water representing the only segment expected to grow more than […]
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