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.
In this Tuesday 20 November 2012 article, Professor Morten Jerven for African Arguments, part of the Guardian Africa Network laid the ground work for further reading on African GDP calculations Or, how Ghana went from being one of the poorest countries in
I consider it an honour and privilege to have been invited to address this Eleventh Session of your Leadership Qualities and Entrepreneurial Development Programme (LQED). I recall that a few years ago I was invited to speak at your annual congress in Abuj
It is with great pleasure that I welcome you all to the formal launching of The Nigeria Industrial Revolution Plan (NIRP), our flagship programme to industrialize Nigeria; and The National Enterprise Development Programme (NEDEP), our new strategic platfo
The potential for a golden age of gas comes along with a big “if” regarding environmental and social impact. The International Energy Agency (IEA)—the “global energy authority”--believes that this age of gas can be golden, and that unconventional gas can
Africapitalism is socially responsible business, not charity or aid, led by Africans, for the good of the continent. It is a platform which seeks to propel the continent from its position of relative stagnation to a future of sustainable dynamism and prog
A wave of violence has swept parts of Iraq at the start of 2014 as the central government fights back against Al-Qaeda aligned militants in Anbar Province. The Islamic State of Iraq and the Levant (ISIL) reportedly took control of Ramadi and Fallujah, bom
MOSCOW—Russia agreed Tuesday to lend Ukraine $15 billion and cut prices for natural gas, striking a deal to bail out its crisis-stricken neighbor to stave off possible economic collapse amid large-scale protests in Kiev over the rejection of a trade deal
Word for today is 'AFFLUENZA' - a social condition arising from the desire to be more wealthy, successful or to "keep up with the Joneses" (source – Investopedia) In effect, it is the best of the latest excuse for the wealthy to do whatever they want! Yo
Daniels Adeoye, CBN, Global Trend, Central Bank Governor of Nigeria, Governor, Mallam Sanusi Lamido Sanusi, financial pinnacle, economy, kitchen cabinet, global financial, International Monetary Fund, IMF, United States, America, Janet Yellen, California
A currency crisis is induced by a decline in the value of a country's currency. This decline in value negatively affects an economy by creating instabilities in exchange rates, meaning that one unit of the currency no longer buys as much as it used to in
The recent announcement of a new automotive policy by the Minister of Trade and Investments, Dr. Olusegun Aganga, has been met with a lot of excitement. The stated objectives of the new policy are to encourage local manufacturing of vehicles and to enfo
With its high poverty levels and low degree of industrialization, Africa arguably faces the largest development gap of any region. Beyond the usual misery indices and welfare evaluation metrics, we have fundamental challenges that impede meaningful sustai
Aliko Dangote, Africa’s wealthiest man, recently signed a multi-billion dollar contract to build Nigeria’s largest oil refinery, and turn the oil-rich country into a petroleum exporter. The promise of job creation — the refinery project is expected to emp
India's relentless search for hydrocarbons to fuel its booming economy has managed the rather neat diplomatic trick of annoying Washington, delighting Tehran and intriguing Baghdad, all the while leaving the Indian Treasury fretting about how to pay for i