Global oil markets are entering renewed volatility. Geopolitical tensions, shipping disruptions, and strategic producer decisions make sustained high prices more likely. The impact of oil prices in Africa goes beyond energy; they serve as a crucial economic lever shaping the fate of nations across the continent. Understanding this larger role sets the foundation for examining…
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“Gold is money. Everything else is credit.” — J. P. Morgan Gold, once seen as a relic of the old monetary order, is quietly reclaiming a role in reserve management. Last week, Nigeria’s Central Bank confirmed the purchase of locally sourced gold for the country’s foreign reserves. The move may seem small, but it reflects…
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As the Russia-Ukraine crisis protracts, the odds of a reinforced global economic recovery have been further setback. Intensified global supply-demand imbalances have prompted a shift in global monetary policy stance, as inflationary pressures continue to tick higher. Unfortunately, the tighter monetary stance poses downside risks to economic growth prospects as credit conditions tighten both globally…
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