Financial wrap for the week ending 26 May 2017

Let’s take a look at left interest rates unchanged, in line with market consensus. The bank revised downwards its growth forecasts citing political uncertainty and the rating downgrades to sub-investment grade. Stats SA released consumer inflation which surprised at a … Continue reading →

Oil production in Nigeria could reach 2.2 mln barrels per day by end of June

The worst disruptions in Nigeria‘s oil-producing Delta region are over, and production could reach 2.2 million barrels per day by the end of June. According to authorities the long-closed Forcados oilfield could be back to capacity by the end of … Continue reading →