Mart Resources Inc. Provides Umusadege Production Update
Mart Resources, Inc. (MMT) (“Mart” or the “Company”) and its co-venturers, Midwestern Oil and Gas Company Limited (“Midwestern”, Operator of the Umusadege field) and SunTrust Oil Company Limited are providing the following updates on Umusadege field production for February 2015 and other operations. February 2015 Aggregate Production Update Umusadege field production during February 2015 averaged […]
Mainone CEO Advocates ICT For Cost Efficiency In The Oil Industry
The Chief Executive Officer of MainOne, a premier telecommunications service provider, Ms. Funke Opeke, has advised stakeholders in the oil and gas industry on the usage of information communication technology (ICT) for cost efficiency in Nigeria given the recent drop in oil prices, This Day reports. She stated this at the Lagos Oil Club Q […]
Optimism And Caution As AfCFTA Berths In January
By: ‘Seye ‘Bode. Finally, the African Continental Free Trade Area berths in January 2021 after series of negotiations, bottlenecks, and legitimate concerns. The idea of a continental free trade area was first muted at the 2012 African Union summit in Addis Ababa, Ethiopia. Leaders agreed to create a new Continental Free Trade Area by 2017. […]
Qatar’s LNG Expansion Is Expected To Boost GDP Growth
Qatar’s tremendous Liquefied Natural Gas (LNG) extension plan is supposed to boost the country’s Gross Domestic Product (GDP), according to the statement published by BofA Global Research. Moreover, the country’s economy is also expected to observe a surplus of QR12.5bn hit by higher oil prices. In addition, BofA Global Research, in one of the reports, […]
The Future of Banking is Digital – Here’s How
The banking sector’s future will look entirely distinct from what it is today, managed by some evolutionary changes. It would be reliable to say that the future of banking will be ‘Digital.’ Moreover, the pandemic has revamped our lives from how we travel, work, shop to even how we bank and invest. In addition, it […]
10 Reasons You Should Consider Investing In Foreign Stocks
Foreign stocks are an excellent choice for the long-term investor, and these are one of the easiest to invest in. However, one has to consider several factors before starting an international investment to create wealth. The ten reasons listed below have been chosen based on their importance and help investors make better decisions. Also, whether […]
The Future of Bitcoins – Can they Take Over Traditional Banking?
Bitcoin is a peer-to-peer digital currency. Peer-to-peer implies that there is no central authority to issue new money or keep track of transactions. These tasks are managed by the network collectively. At present, there are 18,743,025 million bitcoins in circulation. Every 10 minutes, a new block (equal to 6.25 bitcoins) is mined, and the figure […]
The Great Fall of Deutsche Bank – Know the Reasons
It was a regular Monday morning. Employees arrived at the bank’s Great Winchester Street offices. Minutes later, they hear something they never imagined. As many as 18,000 lost their jobs and were asked to leave by 11 am. Their access cards would stop working after that, it was told. What followed was bizarre. People leaving […]
Global Foreign Direct Investment Set for Partial Recovery in 2021
The Global Pandemic left acute damage on the Foreign Direct Investment (FDI). It fell to $1 trillion, nearly 1/3rd of the previous year’s $1.5 trillion, and is even less than the lowest point of the global economic crisis of 2005. The lockdown forced due to COVID-19 slowed down the investment activities leading to the possibility […]
HSBC Pulls Itself Out From Loss-Making US Retail Banking
In May 2021, HSBC announced its exit from the US retail banking business. This strategic move will include: Exit from 90 out of 148 branches. Gradually it will also wind down the remaining 40-50 branches. Exiting all the retail banking customers. Exit from Advance, Personal, and some Premier customers. In a statement issued by the […]