A Green Economy (GE) is growing if economic prosperity goes hand-in-hand with sustainability developing investments in green sectors and in greening brown sectors. Some investors are already screening companies through enhanced qualitative parame
The Rockefellers are set to join the Occupy Movement – sort of. The family that built its legendary fortune on oil will now abandon nearly all investments in fossil fuel. The surprising announcement was made in September at the eve of a United Nations sum
President Martin Schulz of the European Parliament (EP) arrived in Athens today to read the riot act, before the Greek government does something it may come to regret. Mr Schulz travelled with a sizeable entourage of journalists to ensure the widest possi
The Ukrainian government has repeatedly claimed it is doing its best to improve the oil and gas investment climate, but official statements are the opposite of the reality, as Prime Minister Arseniy Yatsenyuk is leading the great deception.
Envision the world economy as a complex, interconnected array of financial engines whose propulsion helps reinforce one another’s momentum. One of the component engines is a small but significant one that, until a few years ago, was not recognised for the
As a Nigerian and stakeholder in our Capital-Market Affairs;l couldn't continue to pretend nor hold-back my frustration any further and l have to hereby confess that,l hate to continue hearing of"How Important the Foreign-Investors (those that l tagged"Ca
MR. ROSENBERG: Let me welcome you here for our January update of the World Economic Outlook, for the first time launched here in Beijing in recognition of the growing importance of China and this part of the world. We’re webcasting live around the world a
Less is more, and you better get used to it. That is the message US real estate tycoon Jeff Greene brought to the World Economic Forum (WEF) in Davos, Switzerland. One of the hundred or so billionaires to attend the annual powwow of the world’s decision m
U.S. oil and gas rig counts dropped to their lowest level in over four years, falling by an additional 74 units for the week ending on January 16. The lower count provides fresh evidence that low oil prices are forcing drillers to pare back operations and
With all the conspiracy theories surrounding OPEC's November decision not cut production, is it really not just a case of simple economics? The U.S. shale boom has seen huge hype but the numbers speak for themselves and such overflowing optimism may have
I may be best known for predicting the global financial crisis and the housing bust of 2008 but I made another key economic prediction when I warned of major structural risks threatening the Eurozone in 2006.
Low oil prices today may be setting the world up for an oil shortage as early as 2016. Today we have just 2% more crude oil supply than demand and the price of gasoline is under $2.00/gallon in Texas. If oil supply falls too far, we could see gasoline pri
The oil price drop that has dominated the headlines in recent weeks has been framed almost exclusively in terms of oil market economics, with most media outlets blaming Saudi Arabia, through its OPEC Trojan horse, for driving down the price, thus causing
Information. This is the mainstay and the common denominator for success in our world of today and we are as efficient and prudent in our decision making depending on the source and veracity of our information.
Two years ago, Shinzo Abe’s election as Japan’s prime minister led to the advent of “Abenomics,” a three-part plan to rescue the economy from a treadmill of stagnation and deflation. Abenomics’ three components – or “arrows” – comprise massive monetary st
Most of the world’s poor may be slightly less destitute than it appears. However, officialdom often unwittingly conspires to keep the modest wealth of the poor – a shack, a building plot, a sewing machine, or marketable skills – locked up by red tape.
He may not have invented the Internet, former US vice-president Al Gore did that (…), but British computer scientist Sir Timothy Berners-Lee made the World Wide Web (www) as we know it today possible by coming up with the HyperText Transfer Protocol (HTTP
How can resource-rich countries ensure that a sufficiently large share of oil, gas, and mining revenues are used for productive investment rather than excessive or wasteful consumption? “Resource-financed infrastructure” (RFI) contracting is a new contrac
Running a multi-billion dollar energy company isn't easy. Just ask the executives in the corner suites of some of the energy companies that have gone bust over the years. Some, like Enron, were brought down because of insider malfeasance. A few, like ATP,
Zambia has seen foreign direct investment (FDI) increase significantly to well over $1bn in 2013 – up 31% over the previous year. The number of projects receiving capital investment from outside the country went up as well. Greenfield investment in teleco
Carlos Rangel, the Venezuelan diplomat and essayist, once pointedly remarked that western nations often send their failed politicians – the dreamers, utopians, and other ineffectual romantics – to far-off places where they can do no harm other than to the
Next time you get into your car and drive to the supermarket, think about how much energy you consume on an annual basis. It is widely assumed that Westerners are some of the world's worst energy pigs. While Americans make up just 5 percent of the global
One of the world’s legendary investors is upping his bet on Argentina’s shale oil and gas industry in a show of confidence for shale production in South America’s largest unconventional prize —and a big boost for both supermajors and smaller players makin
Nigeria's fortune has been majorly roped on the performance of the Oil sector for years, however, in recent times, oil revenues have dwindled and since April 2014, oil revenue has been on a low with volatile short time capital flows.
Ukraine's next crisis will be a devastatingly economic one, as violent conflict destroys critical infrastructure in the east and brings key industry to a halt, furthering weakening the energy sector by crippling coal-based electricity production.
Having medical doctors, specialists, nurses and other healthcare workers readily available to take charge in case of illness may be the norm in many developed countries; it still is much the exception elsewhere on the globe. Countless lives are lost or ru
The recovery from the Great Recession has been slow and arduous, and has at times threatened to derail altogether. However, the major advanced economies are finally gaining traction and momentum. Private-sector confidence is rebuilding. After years of wea
The confrontation between Russia and the West took a turn for the worse with the downing of a Malaysian airliner on July 17, and that could spell trouble for several major oil companies operating in Russia.
Much larger than Eagle Ford and once thought to have reached peak production, new technology has brought us full circle back to the Permian Basin in Texas and New Mexico, where the recent shift to horizontal well drilling has rendered this play the unconv
The Obama Administration has taken a bold step toward loosening the grip of tense geopolitics on oil prices, reports the Wall Street Journal (paywall), giving the first permission in four decades for the export of unrefined American oil. The decision—not
Liquefied natural gas (LNG) to Europe isn't a get-rich-quick scenario for the impatient investor: It's a long, strategic play for the sophisticated investor who can handle no small amount of politics and geopolitics along the way. When it comes to Europe,
The appointment of Mr. Godwin Emefiele makes him the 11th Governor of the Central Bank of Nigeria, having resumed office on June 3rd 2014. He has indicated clearly that he wants to create a central bank that is professional, apolitical and people-
Several of the largest oil companies in the world are doubling down in Russia despite moves by the West to isolate Russia and its economy. ExxonMobil and BP separately signed agreements with Rosneft – Russia's state-owned oil company – to extend and deepe
Grins were on the faces of China National Petroleum executives this week as they celebrated a blockbuster 30-year deal for Russian gas. It was a good day for CNPC, the state-owned colossus at the center of China's oil and gas webs and one of Eurasia's big
As this is the first plenary session of this Conference, let me use this opportunity to welcome you all to Abuja for this gathering of the World Economic Forum. Nigeria is proud to host this event, the first time the Forum is coming to West Africa. We wi
On 7 April, Nigeria’s GDP ballooned by 89 percent to a new estimate of $509.9bn after the country rebased its economy for the first time in 24 years. The new number makes Nigeria largest economy in Africa, and the 26th largest in the world.
Tax administration is essential part of governance and would be a veritable weapon in curbing corruption and promoting transparency in business dealings in Nigeria, particularly when the tax evasion rules are effectively implemented to regulate and discou
A favourable macroeconomic outlook – aided by a growing population, infrastructure investments and rising consumption – is driving the expansion of Nigeria’s cement market, with a number of large investments in capacity in the offing.