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President Bola Tinubu’s proposed foreign loans could push Nigeria’s public debt from N144.67 trillion to over N182.91 trillion by 2026. Economists express concerns over sustainability and debt management as Nigeria’s …
Nigeria Faces Debt Surge with Fresh $24bn Borrowing Proposal Read More
In 2024, Nigeria allocated $2.32 billion for debt servicing to the World Bank and IMF, a sharp increase from $998.92 million in 2023. Servicing payments to the IMF reached $1.63 …
Nigeria Allocates $2.32 Billion for Debt Servicing to World Bank and IMF in 2024 Read More
Elon Musk directs Tesla to enter the Saudi Arabian market amidst plummeting sales in Europe and the US. Initiatives include pop-up stores with plans for permanent showrooms. This pivot follows …
Tesla’s Strategic Expansion into Saudi Arabia Amid Declining Sales Read More
WTI crude oil is trading at $69.15 amid tighter supply concerns due to U.S. tariffs on Venezuelan oil and a larger-than-expected decline in U.S. inventories. President Trump’s tariff announcement is …
WTI Crude Oil Prices Rise Amid Supply Concerns Linked to Venezuela Read More
Iraq’s economy grew by 1.4% in the past Iranian year, indicating recovery from a previous contraction. This growth is influenced by increased oil production and stability in oil prices. However, …
Iraq’s Economy Grows by 1.4%: Indicators of Recovery? Read More
Oil prices rose due to a decline in U.S. fuel inventories and increased Middle East tensions. Brent crude increased by 0.57% while WTI rose by 0.51%. Key factors included unexpected …
Oil Prices Rise Amid U.S. Fuel Inventory Decline and Middle East Tensions Read More
President Trump is considering extending Chevron’s sanction waiver for Venezuela after allowing it to lapse earlier this year. This decision follows discussions about imposing tariffs on nations buying Venezuelan oil …
Trump Weighs Extension of Chevron’s Venezuela License Amid Geopolitical Tensions Read More
Nigeria’s efforts to revitalize oil production face new challenges due to sabotage of the Trans-Niger Pipeline, which affects exports. President Tinubu’s state of emergency reflects underlying political instability contributing to …
Nigerian Oil Pipeline Sabotage Threatens Crude Output Revival Read More
PDVSA will independently produce crude following the U.S. revocation of Chevron’s license. Post-April 3, it plans to produce between 105,000 to 138,000 bpd of Hamaca heavy crude and continue exporting …
PDVSA to Independently Manage Crude Production After Chevron Exit in Venezuela Read More
Saudi Arabia’s US Treasury securities holdings declined to $126.9 billion in January, a $10.6 billion decrease from December. This adjustment represents a 7.71 percent drop and retains Saudi Arabia’s 17th …
Saudi Arabia’s Adjustments in US Treasury Holdings Reflect Market Dynamics Read More