Nigeria’s crude oil production experienced a modest rise in July 2024, according to the latest data released by the Organisation of the Petroleum Exporting Countries (OPEC). The country’s average daily output reached 1.307 million barrels per day (mbpd), reflecting a slight improvement from the 1.27 mbpd recorded in June 2024. This increase, though modest, is…
The gold market has always been a focal point for investors, especially during times of economic uncertainty. With the latest developments, many are questioning whether gold presents a short or long opportunity. A detailed technical analysis reveals the emergence of a bullish butterfly pattern, which could provide critical insights into potential market movements. Here’s a…
The demand for crude oil by Nigerian refineries, including the newly inaugurated Dangote Refinery, has surged by 24% in the second half of 2024, pushing the required volume to 597,700 barrels per day (bpd). This increase from the 483,000 bpd requested in the first half of the year highlights the growing gap between the needs…
Fans of the award-winning Nigerian musical duo, P-Square, are reacting to reports that the Okoye brothers, Peter and Paul, may be facing another fallout. The twin brothers, who reunited in 2021 after a 2017 breakup, are now at odds once again, raising concerns among their devoted fanbase. Recent developments and social media posts from both…
The Nigerian Senate has recently dismissed accusations that it determines its own salary, with lawmakers also denying allegations that they receive special financial packages from the presidency. These claims were made following comments by former Nigerian President Olusegun Obasanjo, who described it as immoral for members of the National Assembly to determine their own salaries…
The Olympic Games have always been a stage where the world’s best athletes showcase their talents, competing for glory and national pride. While African countries have consistently participated in these prestigious events, the continent has yet to host the Olympics. Despite this, African nations continue to make their mark on the global stage, earning medals…
Freedom of expression is a fundamental human right, enshrined in international agreements such as the Universal Declaration of Human Rights, which asserts that “everyone has the right to freedom of opinion and expression.” However, the reality of how this right is upheld or violated varies significantly from country to country, particularly in Africa. While some…
Ghana, Africa’s largest gold producer, has officially inaugurated its first-ever gold refinery, marking a significant milestone in the country’s efforts to extract greater value from its abundant natural resources. The Royal Ghana Gold Refinery, a state-of-the-art facility, is set to process up to 400 kilograms of gold daily, predominantly sourced from the country’s extensive network…
Forex trading is a highly volatile venture. Thus, identifying and capitalizing on high-probability trading opportunities is crucial. One such opportunity currently presents itself in the EURNZD currency pair, thanks to a textbook Bullish Bat pattern that has formed on the chart. Here’s a comprehensive analysis of this setup and a detailed trading plan to maximize…
Africa has solidified its position in the global gold production arena, with West Africa emerging as one of the world’s fastest-growing regions in this industry. Gold’s enduring significance as a safe haven asset is highlighted by its soaring prices, which reached an all-time high of $2,468.40 per troy ounce in June 2024. This precious metal…