10 Top African Countries With More Natural Resources.
 Generally, any substance, organism, medium or object that exists in nature, as long as there is no human activity, can be used to meet the needs of humans, animals or plants in most cases. This is a natural resource. . With the continuous growth of population and human ecological footprint, the sustainable management of natural resources has become a major issue. In terms of its rich soil and underground soil, Africa is made up of countries with the most divergence and convergence. How to understand
Top ten richest African countries and why
1.NIGERIA. This West African country with a population of more than 200 million is an important part of the African economy. Nigeria's GDP is close to 450 billion U.S. dollars, making it the richest country in Africa. The considerable GDP is mainly driven by finance, transportation, infrastructure, tourism, and abundant crude oil.
The Ghanaian cedi lost 40% in value on global markets.
The depreciation of the cedi was reported to be a result of "twin external shocks," the resignation of the then President of Ghana, and the OPEC output deal. In 2017, a new administration took over power in Ghana and suspicions arose. The new president appointed a successor.
The Price Of US Oil Has Reduced As The Demand For It Decreases And Storage Runs Out
US oil prices drop to 21-year low as demand dries up The price of a barrel of West Texas Intermediate (WTI), the benchmark for US oil, dropped 19.3% to $14.74 a barrel on Monday. The oil market has come under intense pressure during the coronavirus pandemic with a huge slump in demand. US storage facilities are now struggling to cope with the glut of oil, weakening prices further. The oil industry has been struggling with both tumbling demand and in-fighting among producers about reducing output. Earlier th
See When These Gulf States Discovered Oil In Their Countries
The nations we would talk about when they discovered oil in their nations are known as Gulf Arab States.Saudi Arabia, Kuwait, Bahrain, Qatar, the United Arab Emirates and Oman.
Oil crashes 305% to -$36.73 per barrel
U.S. oil prices plummeted in historic fashion Monday, crashing below zero as traders unloaded positions ahead of the May contract’s Tuesday expiration. West Texas Intermediate crude oil futures for May delivery cratered by 305 percent to -$36.73 a barrel. At a price below zero, buyers would be paid to take delivery as there are costs associated with transportation and storage. The selling had WTI on track to close at its lowest level since recordkeeping began in March 1983, according to Dow Jones Market D
The top 5 richest countries in Africa 2020
Africa comprises of 54 countries with over 1.3 billion people,generating $2.45 trillion in nominal and is the world second largest and second most populous continent after Asia in both cases.the countries richness is base on GDP {Gross Domestic Product}which generate income to the economy.below are the richest countries in Africa ranked by GDP. 1.NIGERIA {GDP-$446.543 BILLION} Nigeria is the one richest country in Africa with a population over 195,874,700.their GDP is mainly derived by finance, infrastructure,transport
Fuel scarcity hits Abuja, Nigeria again
Abuja is the federal capital city of Nigeria, an independent country in West Africa.A beautiful country, with abundant natural resources, that include crude oil which fetches billions of Dollars in revenue.
Global Oil Prices To Hit 60 Dollars A Barrel – Analyst
Energy Consultant, Dr Yussif Sulemana has anticipated that oil costs on the worldwide market are probably going to hit 60 dollars for each barrel in the primary quarter of 2021. As of now, Brent raw petroleum is selling for about 55.78 dollars per barrel expanding by a little more than four dollars since the beginning of the year. Dr Sulemana in a meeting with Citi Business News explained on the probably reasons for a possible expansion in the cost of unrefined on the worldwide oil market. "The OPEC in addition