BRICS Efforts to Reduce Dollar Dependency Gain Momentum Ahead of Summit
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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Minister hails NCDMB, Nedogas partnership on Kwale Gas Gathering facility
– 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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Economic hardship: “There is no hope under Tinubu’s govt” – Anglican Archbishop
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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NNPC’s Fresh $925m Inflow Brings Rare Stability As Naira Gains N15 Against Dollar
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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Senegal’s New Gov’t Announces Price Cuts On Essential Commodities
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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Afreximbank disburses $18bn loans, aims for more refinery financing after Dangote’s
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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AEC Hosts Invest in African Energy Reception in London 11 July
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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Cooking gas prices to crash further as Nigerian companies sign new deal
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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World Cup: Nigeria’s Pillar Of Sports Rallies Support For Eagles, Amidst Poor Results …Salutes…
The Nigeria Pillar of Sports, Chief Donatus Agu-Ejidike JP has called on critical stakeholders in the Nigerian footballing milieu to rally round the the country's senior nation men's football team, the Super Eagles, amidst their!-->!-->!-->…
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Inflation, Policy Woes Push Guinness Out Of Nigerian Market
By William Emmanuel Ukpoju
Diageo, the parent company of Guinness Nigeria Plc, has announced its decision to withdraw from the Nigerian market after a 75-year presence. This move has ignited a flurry of reactions across social media!-->!-->!-->!-->!-->…
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