Executive Summary Global Economy: A shot at recovery 2020 was an unprecedented year, no thanks to the coronavirus outbreak, as the global economy was suspended in Q2 and most of Q3-2020 to safeguard human health. Oil prices plummeted to levels never seen before, airlines were grounded, hotels shut down, and […]
OPINION/EDITORIAL
What the U.S. Political Transition Might Mean for Africa Generally and Its Oil and Gas Sector in Particular
December 30, 2020/AEC By Jude Kearney, Chairman of the US/Africa Committee of the Africa Energy Chamber 2021 could be the beginning of a much needed reset for US relations with Africa and its various countries and regions. To date, most African governments have responded positively to the results of the […]
FAAC Payout Well Below Most States’ Needs
December 22, 2020/Proshare By FBNQuest Research The gross monthly distribution by the Federation Account Allocation Committee (FAAC) to the three government tiers and eligible agencies amounted to NGN601bn (USD1.53bn) in December (from November revenue), This was NGN3bn lower than the previous month’s payout: the earlier distribution, however, included a drawing […]
