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Selling the crown jewels… till when?

Italy and Greece had paved the way in 2011 when the sovereign crisis hit hard. The governments conjured up the idea to sell national treasures such as islands or historical buildings. The idea was to raise the financial value of historical or natural assets as a collateral to debt. A short-sighted policy that was more […]

By |April 19th, 2016|Categories: Analyst's Insight|Tags: , , , , |

A Nigerian non-story? Not really…

Last year, on March 20th 2015, Standard & Poor’s announced it was downgrading Nigeria’s credit rating from BB- to B+ with stable outlook, pointing out the impacts of seven months of declining oil prices and political tension on the biggest African economy. Back then, most of the experts, and we were part of them, stated […]

By |March 21st, 2016|Categories: Analyst's Insight|Tags: , , , , , |

Fitch: Nigeria’s Oil Response Has Downside Fiscal, Growth Risks

The Nigerian authorities’ recent economic policy announcements show the response to the oil price shock is coalescing around state-led development to boost economic growth and import substitution to blunt the effects of declining oil receipts, Fitch Ratings says. It is yet to be seen whether the associated measures will promote growth while containing fiscal pressures, […]

By |February 10th, 2016|Categories: News|Tags: , , , , , |

Bridge loans or long-term catastrophes: the impact of low oil price

Low oil price environment is a curse for producers and the pressure Saudi Arabia puts on the global output is keeping the head of its competitors and partners (or so-called partners inside the OPEC) under water. Lately, this pressure started to be slightly too heavy for few of them. In the frontline: Azerbaijan and Nigeria […]

By |February 3rd, 2016|Categories: Analyst's Insight|Tags: , , , , , , |

Which oil nation will need bailing out next?

More countries are expected to join oil-rich but cash-poor Azerbaijan and Nigeria in asking for international financial help if the price per barrel continues to show no sign of recovering, commodity experts have warned. After Azerbaijan and Nigeria requested international financial aid in January as oil prices wallowed around, and even dipped below, the $30 […]

The fake perception of yield

Standard & Poor’s lifted the Greek sovereign credit rating by one notch, from CCC+ to B- with a stable outlook last Friday. The agency justified its move pointing out that “regardless of what government is in power, Greece will largely comply with the terms of the Eurogroup support”, underlining the fact that “the alternative would […]

By |January 26th, 2016|Categories: Analyst's Insight|Tags: , , , , , |

The oil price dilemma or the hypocrisy of cheap oil fear

The price of crude oil is stabilizing around the USD 30.00 pushing all the analysis in one direction: who are going to be the losers and who are going to be the winners? Obviously, as of now, and ever since the lifting of international embargo on Iran on January 16th, everybody is keeping a close […]

The Monthly Scoreboard is out: what’s new?

We already talked a lot about the situation in Turkey. Indeed, over the past months, the relationship with Russia has known few ups and downs… Most of all, a lot of downs lately… and we will therefore be monitoring the evolution of these diplomatic ties along the coming weeks as a potential rerating factor. Turkey […]

By |January 12th, 2016|Categories: Analyst's Insight|Tags: , , , , |

Nigeria and Kenya aim to follow South Africa’s nuclear path

South Africa remains the only nuclear energy producer in Africa, but soon it may be joined by others across the continent in pursuit of a dependable energy source. Now, the continent’s sole nuclear power plant is the Koeberg plant, which provides half of Cape Town’s power needs. Completed in 1984, the facility was a cover […]

By |January 11th, 2016|Categories: News|Tags: , , , , |

We agreed to disagree: a brief sum up of the last OPEP meeting

While negotiators were still in Paris, talking climate and environment, the Organization of the Petroleum Exporting Countries was meeting on Friday to discuss the near future of oil production. The meeting was way shorter than what is happening in Paris, but it was undoubtedly as tensed as a high-stake poker game. Indeed, of all the […]