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The widespread economic hardship being witnessed in Nigeria has worsened as the nation’s food inflation climbed up to 40.66 per cent in May 2024 from 24.82 per cent as recorded in the same period last year. The National Bureau…
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An expert in power, Mr Uket Obonga has called for a comprehensive review of the privatisation of the power sector. Obonga, who is the National Secretary, Nigeria Electricity Consumers Advocacy Network (NECAN), said this in an…
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An op-ed featured on Business Insider by Huileng Tan highlights the BRICS group’s ongoing initiatives aimed at diminishing reliance on the US dollar. Last year, Brazilian President Luiz Inácio Lula da Silva proposed the idea of a…
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– Lists benefits of new gas gathering facility *Kwale Gas Gathering facility The Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, has commended the Nigerian Content Development and Monitoring Board…
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Archbishop of the Aba Ecclesiastical Province and leader, Southern Nigeria Bishops Conference, Church of Nigeria (Anglican Communion), Dr Isaac Nwaobia, has declared that there is no hope for the country under the Bola Tinubu…
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Crude Oil and Dollar The naira has remained firm against the dollar since the country received $925m additional inflow from ‘Project Gazelle Funding Limited’, a crude oil forward sales deal between the Nigerian National Petroleum…
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At a time prices of essential commodities have skyrocketed in Nigeria with apparent lack of price control mechanism, Senegal’s new government has announced measures to cut prices on the same commodities, including rice, oil, bread,…
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The African Export-Import Bank (Afreximbank) 2023 allocated a total of $18 billion to various projects across Africa, with a strategic goal of supporting the refining of 50 per cent of the continent’s 5 million barrels per day of crude…
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NJ Ayuk The reception serves as a prelude to Africa’s premier energy event, African Energy Week: Invest in African Energy, which takes place in Cape Town from November 4-8. The African Energy Chamber (AEC) – the voice of the African…
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Temile Development Company Limited has inked a new deal with an NLNG Shipping and Marine Services Limited. This involves the transportation of liquefied petroleum gas in Nigeria and the West African subregion. It is expected that…
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