W/Bank Projects Oil Price Of $44 In 2021       The World Bank has said that oil prices won’t be rising much next year either, but would average $44 per barrel, saying that prices will not recover to pre-pandemic levels at least until 2022. In its semi-annual Commodity...

Trade In Medical Supplies Rise By 50%         Trade in COVID-19 medical supplies such as personal protective equipment, disinfectants, diagnostic kits, oxygen respirators and other related hospital equipment has risen by 50 per cent since April. A new study by the United Nations Conference on Trade and...

WTO: Okonjo-Iweala on the cusps of history Who becomes the next Director-General of the World Trade Organisation (WTO) in a matter of weeks? It will surely be either Nigeria’s Ngozi Okonjo-Iweala and South Korea’s Yoo Myung-hee. Members of WTO have since picked the two celebrated women...

OPEC Raises 2020 Demand Forecast Over China’s Recovery       The Organization of the Petroleum Exporting Countries (OPEC), has raised its global oil demand forecast for 2020 by 60,000 barrels per day (b/d) from last month to 90.29 million b/d in October, as it sees an improvement...

IMF Reverses Forecast For Nigeria’s Economy To -4.3% In 2020       The International Monetary Fund, IMF, Tuesday reversed Nigeria’s economy growth projection to -4.3 percent in 2020 from its earlier projection of -5.4 percent. The Fund also projected that Nigeria’s economy would grow by 1.7 per cent...

Stakeholders Advocate Non-Kinetic Approach for Tackling Insecurity in Nigeria       Participants at a workshop on Digital Journalism and National Security: The Role of Social Media Influencers in the fight against crime have advocated good governance and respect for rule of law as key to improving the...