Norway’s oil and gas company, Statoil, disclosed how much money it paid to the governments around the world in 2014. The 35-page report called “2014
Tag: Nigeria
Oil-Exporting Countries to Tap into Sovereign Funds to Balance Budgets
Energy-exporting countries, which have put away billions of dollars in sovereign investment funds, may now be forced to draw on their “savings” as oil revenue
Nigeria Lost $4.8 Billion in Seed and Fertilizer Sector in 1980-2010
The Nigerian federal government has informed that it lost more than N776 billion to corruption, which is an average of N26 billion annually, in the
Sub-Saharan Africa to Overtake Russia as No.1 Gas Supplier by 2040
Sub-Saharan Africa will overtake Russia as the world’s number one gas supplier by 2040, according to the International Energy Agency (IEA), thus boosting the efforts
Energy Sector Key to Africa’s Prosperity
According to the report recently published by the International Energy Agency’s (IEA), increasing access to modern forms of energy is important in boosting stronger economic
African Development Bank Supports Greenfield Oil Refinery
The African Development Bank (AfDB) has recently approved a loan of USD 300 million USD to Dangote Industries Limited for the construction and day-to-day running
Nigeria’s Government Pays Workers of a Defunct Energy Firm
Nigeria’s federal government recently said that it had spent N370.8 billion on the payment of severance deals to workers of the defunct company Power Holding
Africa’s Buoyant Commodity Flows
The notion of Africa as being merely a source of precious commodities for developed countries is slowly changing and shifting more towards domestic consumption. African
NGO Points Out Commercial “Gas Flaring”
A non-profit organization active in sustainable land development, the Western Values Project (WVP), has lately released a report pointing out the problem of gas flaring
Ghana Building Africa’s Largest Solar Power Plant
Solar energy is gaining momentum in the African continent wherein the largest solar power plant is currently being built in Ghana. Upon completion, the Nzema