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Raising Finance

FG, AfDB open talks on coal-to-power financing

The Federal Government has opened talks with the African Development Bank for financing of coal-to-power projects across the country. Our correspondent learnt that the funding arrangement, which the Ministry of Mines and Steel Development is midwifing, would be available to operators who were ready to

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

Oil Prices Rise after Hint of Longer Extension to OPEC Cut

Crude oil prices rose on Monday, reversing earlier losses, after the Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC members said they were considering extending their existing supply deal possibly into 2018, which helped offset the bearish impact of more increases in United States crude

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

Burma – New Pest Risk Analysis Requirements

A new Myanmar pest risk analysis (PRA) requirement went into effect on January 1, 2017, which requires exporters to address questions contained in a Myanmar government questionnaire. The PRA information must be submitted by the designated National Plant Protection Organization, thus, exporters are recommended to

Agip to begin work on $13.5b Zabazaba deepwater project

The Nigerian Agip Exploration Limited (NAE) is to begin work on its Zabazaba deepwater project estimated to cost $13.5 billion. The firm will this month begin to receive commercial proposals for the various activities lined up for the development of the field. The request follows the

When Will Russia Run Out Of Oil?

On a global level, 2015 and 2016 marked the lowest level of new conventional oil discoveries since 1952. In 2016, only 3.7 billion barrels of conventional oil was discovered, roughly 45 days of global crude consumption or 0.2 per cent of global proved reserves. Globally, exploratory drilling