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African economies to rebound in 2024
Africa’s economic activity will likely slow again this year amid taxing headwinds but is expected to recover in 2024, according to the International Monetary Fund’s latest regional outlook. Growth in sub-Saharan Africa’s gross domestic product is forecast to edge down…
NGA President demands suitable fiscal terms for gas
Sopuruchi Onwuka The Nigeria Gas Association (NGA) has called on government to dismantle all policy and fiscal impediments to production and utilization of gas in addressing energy poverty in the country. The association declared that the country’s current position in…
Harsh operating environment: How would NLNG reach Train-12?
Sopuruchi Onwuka Despite the laudable plans by the government to develop secure market for Nigeria’s huge natural gas resources; its failure to address huge investment and operational challenges in the domestic environment has continued to drain the results. And with…
Nigeria is losing global gas market share – Mshelbila
Nigeria must be deliberate in its desire to take opportunities offered by the energy transition, the recognition of gas as a transition fuel and the quest for clean energy to increase its gas investment and harvest the gains from gas,…
Energy Transition: Nigeria needs $425bn to accelerate oil production
Sopuruchi Onwuka Government must reconstruct Nigeria’s energy transition policy for optimum market returns from the country’s existing reserves of petroleum liquids ahead of the presaged energy demand switch from fossil sources by 2040. And any policy modification must come with…
Oil industry leaders restate pledge to gender diversity
Sopuruchi Onwuka Petroleum industry captains in Nigeria have reiterated their resolve to create equal opportunity work environment for both male and female professionals and business owners. The agreement among all panel discussants at the 2023 Annual International Strategic Conference of…
Nigeria still in top 5 riskiest African business environments in 2023
Sopuruchi Onwuka Nigeria is the fourth riskiest country for foreign direct investments in the year, according to analytics by Insider Monkey, an investment advisory company which provides business intelligence for multinational companies that are listed in major global equity bourses….
Inflation battles economic gains in Q3 as Naira dips
Sopuruchi Onwuka Inflation neutralizes key economic gains of the new Tinubu administration of the federal government following the key blunders of Naira devaluation and withdrawal of fuel subsidy which marked entry of President Tinubu’s government. According to statistics which compared…
NCDMB says IOC divestments endorse indigenous capacity
Sopuruchi Onwuka The prevailing divestment of marginal and brownfield petroleum assets by the international oil companies in the country is a prime testimonial on the rapid indigenous capacity development for operations in the industry. Executive Secretary of the Nigerian Content…
MMNL leads Africa’s manufacturing excellence with Star Plus battery
Sopuruchi Onwuka A local manufacturing company domiciled in Lagos, Nigeria, has been determined the standard bearer in Africa’s manufacturing industry, projecting the Star Plus inverter battery as a global factor in new energy solutions. The development comes as the Nigerian…
