The new impetus on financing modular refineries in Niger Delta
CHIJIOKE NWAOZUZU
June 5, 2018
A publication on the 22nd February 2018 by SweetCrude Reports, Abuja, stated that the Federal Government of Nigeria has initiated talks with potential financiers to contribute finance to investors in modular refineries in the Niger Delta region. Such financiers include Central Bank of Nigeria (CBN), International Finance Corporation (IFC), the Nigerian Sovereign Investment Authority (NSIA), the […]
Beware OPEC member states! Use of fossil fuels threatened
CHIJIOKE NWAOZUZUMay 28, 2018
Most OPEC member states have annual budgets that are still based on revenues from crude oil exports. The evolution of the global energy sector provides opportunities as well as challenges for countries whose economies are largely dependent on fossil fuels revenue. Monoproduct economies are exposed to the fluctuations in the prices of these fuels in […]