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.
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