By Jacinta Moran | May 9, 2013 07:16 PM Comments (0)
Nigeria is expecting an annual investment of about $10 billion after the complete privatization of its power sector over the next 10 years, a move that could usher in a new era of uninterrupted power supply.
Nigerians are among the people most deprived of grid-based electricity in the world with a per capita consumption that is far lower than many other African countries.
By News Desk | April 10, 2013 03:47 PM Comments (0)
OPEC’s output has been dropping for months, but mostly because Saudi Arabia has been taking on the role of swing producer and cutting its production in line with weaker demand. In March, it was other countries that saw their production decline, but it wasn’t demand-driven. You can read Platts’ numbers and analysis here.
By Jacinta Moran | July 24, 2012 12:00 PM Comments (0)
Nigeria’s long-awaited Petroleum Industry Bill is set to finally see the light as it moves its way through to Parliament, but its delay has taken a toll on the nation’s economy.
By Simon Thorne | July 10, 2012 09:53 AM Comments (0)
So concerned are they over the safety of local Nigerian airlines, some of the wealthier businessmen in the region are taking the unusual step of flying the 300 miles from Lagos to the capital of Abuja via the UK’s capital city, London.
That’s nearly 6,000 flight miles and 12 hours on board a plane, not to mention time spent in London’s airports, to avoid a 300-mile one hour domestic flight.
By News Desk | January 12, 2012 12:26 PM Comments (0)
Platts’ managing editor for European oil markets Simon Thorne was on Africa Business News earlier today, talking about the ramifications of strikes and shutdowns in Nigeria. The stoppages followed the country’s decision to end subsidies that helped keep down the price of gasoline. You can view the interview here.
By Beth Evans | August 18, 2011 04:04 PM Comments (0)
Platts’ European oil news director Richard Swann appeared recently on CNBC Africa to discuss the falling price of oil, and its impact specifically on Africa. You can see it here.
By Richard Swann | July 18, 2011 06:41 AM Comments (0)
Militants in Nigeria’s southern Niger Delta have threatened to renew attacks on Africa’s biggest energy producer, even as the authorities battle daily bomb attacks blamed on Islamists in the north of the country.
By Richard Swann | May 11, 2011 08:33 AM Comments (0)
With oil above $100/barrel and crude production rising, Nigeria’s oil industry should be a hugely attractive energy investment opportunity.
But concerns over the stringent terms in a new Petroleum Industry Bill (PIB), which is yet to be passed, has slowed down the pace of development rather than encourage it.
By Beth Evans | May 10, 2011 12:38 PM Comments (0)
Platts’ European markets chief editor Simon Thorne discussed the outlook for oil and Africa with CNBC Africa, in conjunction with Platts annual Africa Oil Forum held in Lagos, Nigeria, last week. You can see it here.
By Richard Swann | March 7, 2011 09:58 AM Comments (0)
Nigeria is currently experiencing a surge in political violence in advance of upcoming elections on April 9, threatening output in Africa’s biggest oil producer as disruption to supplies from fellow OPEC member Libya worsens.
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