August 25, 2016/PricewaterhouseCoopers Executive Summary Nigeria has about 13GigaWatt (GW) of electricity generating capacity, a transmission capacity of 5GW and distribution that hovers between 3.5 and 4.2GW. Currently, natural gas accounts for more than 80% of Nigeria’s generating fuel needs. About 30% increase in available generation is possible if the […]
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The choice to change Africa oil & gas review – PwC Report
August 25, 2016/PricewaterhouseCoopers Reserves and production Africa’s share of global oil production dropped again slightly since last year, moving it from 9.3% to 9.1% of global output. Proven oil reserves on the continent are still estimated to be 7.6% of the global total, which is the same as the previous […]
UBA Says H1 2016 Pretax Profit Rise 3.1% to N40.3 Billion
By InvestAdvocate Lagos (INVESTADVOCATE)-Africa’s global lender, United Bank for Africa Plc said on Thursday its pretax profit for the period ended June 30, 2016 rose 3.1 percent to N40.27 billion from N39.04 billion recorded a year ago. Similarly, profit after tax (PAT) climbed up 1.9 percent to N32.62 billion from […]
