Nigeria faces heavy CAPEX losses as global energy transition shaves 2% off world GDP
74% of CAPEX already lost due to defunding of fossil fuel Federal revenue to dip further from fossil fuel funding reduction
OPEC, IEA, World Bank data say Nigeria gas flaring down 45% in 10yrs
By Ben Eguzozie. Data from OPEC, the global oil cartel, validated by the International Energy Agency (IEA) and the World Bank say
Geopolitics favour Nigeria’s $9bn target from LNG Train 7
By Ben Eguzozie. Geopolitics, especially the dynamics that have so far played out in the war between Russia and Ukraine, are lining
Global LNG capacity increases by 4.3% to 478.4 MPTA
By Ben Eguzozie. Global liquefaction capacity of Liquefed Natural Gas (LNG) grew by 4.3 percent to a total of 478.4 million tonnes per
Nigeria not in list of beneficiaries for 18m doses malaria vaccine rollout
By Ben Eguzozie. Nigeria has been left out of a list of African countries slated to benefit from 18 million doses of malaria
Buhari, Sylva, Kyari, NNPC’s $2.98bn phased refinery repairs hit dead end
BY BEN EGUZOZIE Local engineers at site sent home Funds drawdown dry up One party defaults in commitment – inside sources
Cameroon in crisis as main opposition head dies, Biya uncertain for polls
BY BEN EGUZOZIE Risk of over-indebtedness high in 2023 – AfDB Inflation rose 6.2% in 2022 above CEMAC’s 3% target
Angola to drive economy with World Bank’s $300m, MSME-led
By Ben Eguzozie With focus on Lobito corridor Model puts Tinubu-led Nigeria on notice A World Bank $300 million
12,000 jobs for Northern Nigeria in BUA’s $500m industrialisation project
By Ben Eguzozie Scheme to transform region’s underserved population No fewer than 12,000 new jobs are coming in
Tinubu’s petrol subsidy removal hits neighbouring countries’ illegal gasoline market
BY BEN EGUZOZIE President Bola Tinubu’s recent premium motor spirit (PMS) subsidy removal in Nigeria has hit the country’s