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International Consumer Pays NBET $159m For Power

Republic of Niger (NIGELEC)  and Republic of Benin (CEB) have paid $159,773, 116.61 for power supplied them by Nigeria to the Generating Companies (GenCos) and Service Providers. This was a disclosure made by the National Bulk Electricity Trader (NBET) and captured in the Communique issued

Recent Spike in Commodity Prices Confounded Analysts

The recent spike in commodity prices especially beans and yellow garri confounded most analysts. Also noteworthy is the price of cement which has spiked 17.3% to N2,700. Typically the price of cement falls during the raining season. This contrarian movement is most likely due to

Marginal fields bid round to commence this month

The federal government recently paid $400 million as part settlement of an outstanding 2016 joint venture cash call debts it owes international oil companies (IOCs), could you explain more on this? At the time that we did the joint venture review, we came up with,

Pipeline vandalism up by 233%, says NNPC

The rate of pipeline vandalism in the country increased by 233 percent in January this year compared to December 2016, the Nigerian National Petroleum Corporation has said. In its latest financial and operations report for January 2017, the national oil firm stated that pipeline vandalism

NNPC reduces trade deficit by 16%

The Nigeria National Petroleum Corporation (NNPC) has reduced its trading deficit too? 14.26 billion by January end, down from ?17.01billion recorded in December 2016, representing about 16 percent improvement. The Corporation attributed the appreciable decrease in deficit to improved Nigerian Petroleum Development Company (NPDC) revenue,

Estonia: 2017 Annual Oilseeds and Products Report

Total production of rapeseed in MY 2017/18 is forecast to increase by 60 percent to 160,000 MT in comparison to record low in the last decade production in MY 2016/2017. The planted area of rapeseed in MY 2017/2018 is expected to increase by 14 percent

Canada: The Wine Market in the Province of Quebec

Quebec is the largest wine importing province in Canada, with 2016 imports valued at $640 million (158 million litres of imported wine). Consumers in Quebec prefer wine by far over other types of alcoholic beverages – in 2015, they spent C$ 2.3 billion on wine

Bosnia and Herzegovina: Wine Product Brief

Bosnia and Herzegovina (BiH) imports around one-third of the wine consumed domestically (2016 import value $15.2 million), mostly from its neighbours Croatia, Serbia and Macedonia. The local wine production of nearly 20,000 hectoliters (hl) is generally located in the Herzegovina region. Per capita consumption of