and Nigeria together can take claim to more than 80% of Africa’s gas production per 2020 estimates, these figures are rapidly evolving, and much of the gas industry’s attention is redirecting further south to Namibia, South Africa, inland to Zimbabwe, and to the east in Tanzania and Mozam...
Nigeria became one of the wealthiest nations in the world during the 1970s oil boom. This was when Nigeria’s then-military head of state, General Murtala Mohammed, said, “The country’s issue is not money, but what to do with it.” Nigeria’s economy was thriving at the time. Howev...
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At the2024 BRICS Summit, 13 nations signed on as BRICS partner countries (not yet full-fledged members): Algeria, Belarus, Bolivia, Cuba, Kazakhstan, Malaysia, Nigeria, Thailand, Turkey, Uganda, Vietnam and Uzbekistan. In recent years, the US has placed numerous sanctions on Russia and Iran...
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Other countries that have expressed interest in membership of BRICS included Algeria, Indonesia, Mexico, Nigeria, Pakistan, Syria and Venezuela. Talks of Saudi Arabia, Turkey and Egypt to join BRICS hit the news in July this year. But the interest ofSaudiappears to have ...
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China's hyper-growth — and accompanying increased demand for oil — plus the Iraq War and violence in Nigeria's oil-producing region all contributed to the scarcity.69 The tight balance between oil supply and demand encouraged traders and speculators to sell the dollar on currency exchanges ...
He said, “But given that charges by foreign cards are in dollars, we will no longer pay dollars for charges on those cards.” He said: “All domestic card transactions that are going to be conducted in Nigeria will have to be through the Nigerian domestic card. ...