The project in Akwa Ibom, Nigeria, targets producing an initial 1.8 million tonnes per annum (MTPA) of methanol, diversifying the local economy and generating over 18,000 jobs August 26, 2024/AFC Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, is arranging a project development facility to support Africa’s largest […]
Updates
African Energy Chamber Endorses Oando’s $783M Acquisition of Nigerian Agip Oil Company
Nigerian energy company Oando has successfully completed its acquisition of the Eni subsidiary, doubling the company’s stake in four Oil Mining Licenses (OMLs) and boosting total reserves to one billion barrels of oil equivalent August 26, 2024/AEC Nigerian energy company Oando PLC has successfully completed its acquisition of 100% of […]
Nigeria’s Economy Maintains Growth Trajectory as GDP Grew by 3.19% y/y in Q2-24
August 26, 2024/Cordros Update Recent data from the National Bureau of Statistics (NBS) revealed that the domestic economy sustained its positive growth momentum in Q2-24, as the real GDP grew by 3.19% y/y (Q1-24: +2.98% y/y | Q2-23: +2.51% y/y). The growth outturn is 61bps and 1bp lower than Cordros’ […]
