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Nigeria Generates N797Bn Revenue From VAT In 10 Months
Article By:
Samed Olukoya
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Wednesday, November 1, 2017 6:33 AM EDT
The series of changes implemented by the federal government to reduce leakages and boost revenue generation have started crystalizing as the revenue from Value Added Tax surged to a record high in 10 months.
CBN Boosts Forex Liquidity With Another $286m
Article By:
Samed Olukoya
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Saturday, October 28, 2017 7:39 AM EDT
The Central Bank of Nigeria on Friday deepened its effort at converging forex rates and prop up the Naira value by injecting forex into four sectors of the economy.
In this article: NGE
Saudi Rhetoric Sends Oil Prices To Two-Year High
Article By:
Tyler Durden
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Friday, October 27, 2017 11:47 AM EDT
Comments made by Saudi Arabia’s Crown Prince Mohammed bin Salman (MBS), sent Brent crude to its highest in more than two years (highest since July 2015), above $60 a barrel.
Saudi Prince Greenlights Aramco IPO
Article By:
Daily Forex
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Thursday, October 26, 2017 9:33 AM EDT
Prince bin Salman has been a long-time supporter of diversifying the country’s economy and expanding beyond oil production, a goal which is expected to loom closer with Aramco’s IPO.
In this article: OIL
Crude Oil Gains As OPEC Plans To Extend Production Cuts
Article By:
Samed Olukoya
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Tuesday, October 24, 2017 12:46 PM EDT
Global oil prices gain on Tuesday following the news of OPEC planning to extend production cuts and work on a viable exit strategy.
Budgeting For The Great Unknown In 2018–2020
Article By:
Paul Hodges
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Monday, October 23, 2017 1:38 PM EDT
"There isn't anyone who knows what will happen over the next 2 - 3 years" says the UK finance minister. So it's time to prepare contingency plans for rising interest rates, a China slowdown, trade protectionism/Brexit and growing political chaos.
Emerging Markets: Week Ahead Preview - Oct. 23
Article By:
Marc Chandler
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Sunday, October 22, 2017 5:34 PM EDT
EM FX ended the week on a soft note. Nearly every EM currency was down for the entire week, led by ZAR, BRL, and TRY. While higher US rates will pressure EM FX, heightened political risk will continue to hit these three currencies hard.
Bitcoin At Record High; Breaches $6,000 Level
Article By:
Samed Olukoya
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Saturday, October 21, 2017 11:42 AM EDT
The world’s most famous digital currency, Bitcoin, reached another milestone on Saturday following the rumor of cash shortage in Zimbabwe and an increase in margin trading.
In this article: BITCOMP
Zimbabwe Panic Sends Bitcoin Soaring Over $6000 - Now Bigger Than Goldman Sachs
Article By:
Tyler Durden
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Friday, October 20, 2017 11:34 AM EDT
Cryptocurrencies are broadly higher this morning with Bitcoin leading the way to new record highs at $6000 - nearing $100 Billion market cap, bigger than Goldman Sachs - as demand from Zimbabwe soars (and Spanish concerns see activity rise).
The Approaching US Energy-Economic Crisis
Article By:
Gail Tverberg
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Thursday, October 19, 2017 9:14 AM EDT
Neither China nor Saudi Arabia obtains as much economic growth, relative to its energy expenditures, as does the US. In order to make sense of what is happening, we need to look at the world total.
Oasis Petroleum Inc., Ensco Plc: Eyes On Oil As Saudi Arabia Purportedly Considering Alternatives To IPO For Saudi Aramco
Article By:
Insider Monkey
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Monday, October 16, 2017 4:54 PM EDT
An eventual IPO of Saudi Aramco could still happen, however, although the timeline is now in question. Oil bulls certainly hope that the adoption of electric cars doesn’t negatively affect oil fundamentals too much.
Iraq-Kurd Tensions Push Oil Prices Higher
Article By:
Samed Olukoya
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Monday, October 16, 2017 2:19 PM EDT
Crude oil extended gains on Monday after Iraqi forces captured a military base, oil fields and an airport outside Kirkuk in the Northern part of Iraq.
In this article: OIL
Oil Rally Threatened As China Reportedly Offers To Buy Aramco Stake Directly
Article By:
Tyler Durden
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Monday, October 16, 2017 11:32 AM EDT
Amid confusion over whether the massive Saudi Aramco IPO is on hold until 2019, or permanently shelved in favor of a private placement.
In this article: OIL