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Venezuela in deal to restore democracy, open up economy
Venezuela’s government and opposition have asked the United Nations to manage a fund for billions of dollars now held in foreign banks, which will be gradually unfrozen to combat a humanitarian crisis in the oil-rich nation, delegates announced in Mexico…
Sinopec confirms 146 Bcm reserves in new shale basin
China’s Sinopec declared weekend that it has confirmed significant 146 billion cubic meters (bcm) of certified proven natural gas reserves in a new shale gas field in the Sichuan basin. The shale gas reserves at the Qijiang shale field in…
Dollar crunch: Ghana to barter oil with gold
Government of Ghana says it is working on a new policy to buy oil products with gold rather than U.S. dollar reserves in order to save the local cedi from freefall, curb inflation and level the country’s balance of payment…
Aging workforce: IMF report wants relaxed immigration rules for Africa
Sopuruchi Onwuka, with agency reports With aging population and predicted drop in overall population of industrialized western countries, it has become necessary for Europe and America to relax immigration rules and allow inflow of younger generation of Africans to repopulate…
Multiple windows: Investors adopt equity templates for forex rate
Sopuruchi Onwuka With inability of businesses to secure adequate foreign exchange at official rates to drive transactions that transcend the country’s borders, business proposals involving international transactions have become source of confusing calculations. Whereas the official rates for the exchange…
PIA is delivering key investment goals – Sylva
Sopuruchi Onwuka The newly activated Petroleum Industry Act (PIA) is delivering the key objectives of government in providing congenial domestic industry environment for capital importation and attraction of global investments. Minister of State for Petroleum Resources, Chief Timipre Sylva, stated…
Female capacity offers opportunity for accelerated economic growth __WIEN
The Nigerian economy holds potential to accelerate growth and development by 2025 if women are provided the opportunity to play exactly the same role as men in corporate leadership and economic management in the country. The assertion forms one of…
NLNG N18.4b award: When the Senate kills the environment
Sopuruchi Onwuka The recent decision to impose N18.4 billion penal measure against the Nigerian Liquefied Natural Gas (NLNG) Limited over pipeline right of way dispute stokes existing concerns among petroleum industry investors about the threat of political interference in the…
Africa will lose 64% of GDP to climate change by 2100
If African countries don’t change their current climate policies to align with the Paris Agreement, and continue suffering climate funding shortfalls from the west, they could lose 64% of their GDP due to climate change devastation according to a report…
Energy pundits demand regulation on gender diversity
Professionals and technocrats in the energy industry have demanded government to evolve deliberate policies for gender balancing and diversity in the management and boards of public and private entities in the Nigerian corporate community, arguing that enhanced gender parity would…
