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* American Economic and Geopolitical Power Is at Stake By Aditi Kumar and Eric Rosenbach of Harvard Kennedy School, U.S. Imagine that it is 2022 and the United States has received intelligence from the Mossad that Iran is procuring essential components for nuclear weapons and missile programs. U.S. economic sanctions on Iran remain in place,…
May 21, 2020
The pace of oil demand recovery in China and the entire world could be shaped by China’s top policy-setting meetings, which begin on Friday to chart the course for the Chinese economy hit by the coronavirus pandemic. The National People’s Congress (NPC), the most important policy-setting annual event in the Communist country, is expected to…
May 20, 2020
The Minister of Finance, Budget, and National Planning, Zainab Ahmed has revealed that the country will depend on local and foreign borrowings as well as proceeds of privatization to the tune of N5.36 trillion naira to plug the deficit in the 2020 budget. She made this disclosure after the Federal Executive Council, FEC meeting on…
May 14, 2020
The Nigerian Extractive Industries Transparency Initiative (NEITI) says the Federation Accounts Allocation Committee (FAAC) disbursed a total of N1.95 trillion to the federal, state, local governments and other statutory agencies in the first quarter of 2020. NEITI disclosed this in its quarterly report released in Abuja on Monday. It said the disbursements showed that N791.4…
May 12, 2020
In a shocking projection, Goldman Sachs has predicted that by end of this month, there is the likelihood of Oil demand surpassing supply, thereby triggering some measurable likely rebound in the Oil market. Head of Goldman Sachs commodities department, Jeffrey Currie in an exclusive analytical projection published in the current edition of Oilprice, quoting Baron’s…
May 10, 2020
84 Million Nigerian Cargoes Stranded At Sea India, Nigeria's Largest Buyer Slashes Oil Imports Experts Ask Nigeria To Bolster Non-Oil Exports International buyers continue to balk at the country's dominant exports, crude as the United States slashed the importation of Nigerian crude oil by 60.37 per cent to 1.93 million barrels in January 2020. Pre-Covid-19,…
May 9, 2020
By Hamilton Nwosa( Head, The New Diplomat Business and data tracking desk) Two-time former Nigeria’s Finance Minister and erstwhile managing director of the World Bank, Dr Ngozi Okonjo-Iweala has warned that no one will be safe globally until the whole world is safe. According to Okonjo-Iweala who is chair of the Board of Gavi, the…
May 8, 2020
This article was first published in April, 2016 by The New Diplomat, during the previous major decline in oil prices. Then, the author noted that the world had experienced major price spikes in oil prices in 1973, 1979 and 2003-2008 -- the so-called "commodity prices super-cycle" period. There have also been major price declines in…
May 7, 2020
In last decade, the world economy has seen a twin glut in which a commodity glut depressed commodity prices and export values while a liquidity glut boosted equity values and capital flows, creating a new reality in which net capital flows surpassed net trade flows. The global Covid-19 pandemic is poised to further widen this…
May 6, 2020
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* American Economic and Geopolitical Power Is at Stake By Aditi Kumar and Eric Rosenbach of Harvard Kennedy School, U.S. Imagine that it is 2022 and the United States has received intelligence from the Mossad that Iran is procuring essential components for nuclear weapons and missile programs. U.S. economic sanctions on Iran remain in place,…
May 21, 2020
The pace of oil demand recovery in China and the entire world could be shaped by China’s top policy-setting meetings, which begin on Friday to chart the course for the Chinese economy hit by the coronavirus pandemic. The National People’s Congress (NPC), the most important policy-setting annual event in the Communist country, is expected to…
May 20, 2020
The Minister of Finance, Budget, and National Planning, Zainab Ahmed has revealed that the country will depend on local and foreign borrowings as well as proceeds of privatization to the tune of N5.36 trillion naira to plug the deficit in the 2020 budget. She made this disclosure after the Federal Executive Council, FEC meeting on…
May 14, 2020
The Nigerian Extractive Industries Transparency Initiative (NEITI) says the Federation Accounts Allocation Committee (FAAC) disbursed a total of N1.95 trillion to the federal, state, local governments and other statutory agencies in the first quarter of 2020. NEITI disclosed this in its quarterly report released in Abuja on Monday. It said the disbursements showed that N791.4…
May 12, 2020
In a shocking projection, Goldman Sachs has predicted that by end of this month, there is the likelihood of Oil demand surpassing supply, thereby triggering some measurable likely rebound in the Oil market. Head of Goldman Sachs commodities department, Jeffrey Currie in an exclusive analytical projection published in the current edition of Oilprice, quoting Baron’s…
May 10, 2020
84 Million Nigerian Cargoes Stranded At Sea India, Nigeria's Largest Buyer Slashes Oil Imports Experts Ask Nigeria To Bolster Non-Oil Exports International buyers continue to balk at the country's dominant exports, crude as the United States slashed the importation of Nigerian crude oil by 60.37 per cent to 1.93 million barrels in January 2020. Pre-Covid-19,…
May 9, 2020
By Hamilton Nwosa( Head, The New Diplomat Business and data tracking desk) Two-time former Nigeria’s Finance Minister and erstwhile managing director of the World Bank, Dr Ngozi Okonjo-Iweala has warned that no one will be safe globally until the whole world is safe. According to Okonjo-Iweala who is chair of the Board of Gavi, the…
May 8, 2020
This article was first published in April, 2016 by The New Diplomat, during the previous major decline in oil prices. Then, the author noted that the world had experienced major price spikes in oil prices in 1973, 1979 and 2003-2008 -- the so-called "commodity prices super-cycle" period. There have also been major price declines in…
May 7, 2020
In last decade, the world economy has seen a twin glut in which a commodity glut depressed commodity prices and export values while a liquidity glut boosted equity values and capital flows, creating a new reality in which net capital flows surpassed net trade flows. The global Covid-19 pandemic is poised to further widen this…
May 6, 2020
