NNPC’s Fresh $925m Inflow Brings Rare Stability As Naira Gains N15 Against Dollar
Crude Oil and DollarThe 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 UkpojuDiageo, 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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Minimum Wage: BudgIT uncovers N132.2bn ‘frivolous’ 2024 appropriation
Civic-tech organization, BudgIT disclosed Tuesday that up to N132.2 billion were budgeted for frivolities in the 2024 budget, funds that could be used to pay up to 55,083 workers a minimum wage of N100,000 monthly for 2 years.In!-->!-->!-->!-->!-->…
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African Energy Week (AEW) 2024 Town Hall to Unlock Africa’s Energy Industry Potential
NJ Ayuk
*The Town Hall will unite government, private sector and civil society to unpack Africa’s energy sector opportunities through a series of high-level roundtables and country-specific spotlightsThe Town Hall at AEW: Invest in!-->!-->!-->!-->!-->…
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US Congress seeks reopening of Nigeria’s OPL 245 case against Shell, Eni
*Petitions US Attorney General on matter *Asks Justice Dept to recommence probe *Says Shell, Eni still profiting from fraudThe United States House of Representatives is pushing for the reopening of a Foreign Corrupt Practices!-->!-->!-->!-->!-->…
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