British High Commissioner, Paul Arkwright has expressed the readiness of the British government to invest in Nigeria’s oil and gas Industry, urging the Nigerian government to organise an oil and gas road show in London.
Amidst the suffering and the havoc caused by COVID-19, we witnessed the best of mankind. Former enemies forgot old quarrels and came together for the common good, some sanctions were waived for humanitarian reasons and fighting stopped temporarily.
"Enter through the narrow gate for wide is the gate and broad is the road that leads to destruction and many find it. The narrow road is the one that leads to life and few can find it
The World Bank says it expects Nigeria’s oil sector to shrink by 10.6 per cent this year. This comes as the Group Managing Director of the Nigeria National Petroleum Corporation, Mele Kyari says Nigeria has brought down its oil production to 1.412 million barrels per day in compliance with the supply cut agreed on by oil producer club, OPEC and its allies. Abiodun Adesanya, CEO of DegeConek joins CNBC Africa more.
Download logoHIGHLIGHTS Several countries in Southern and Eastern Africa have reported a significant uptick in daily cases over the past week, including Kenya and South Africa. All countries in Southern and Eastern Africa have now been affected by the pandemic, with Lesotho recording its first case on 13 May. Cross-border transmission is a rising concern. The pandemic has gained considerable pace in the region: numbers of people who contracted COVID-19 rose from 6,848 in 24 countrie
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The rosy outlook stands in stark contrast to the dismal industrial landscapes of other economies still fighting COVID-19. Factory output plunged further in May from a year earlier in Japan, South Korea and the United States. Euro zone manufacturing output fell by a record 28% in April.
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