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Nigeria’s oil production to take 200,000bpd hit amid underinvestment – IEA

Poor investments into oil exploration due to the perceived unfavourable fiscal regime by investors will cut Nigeria’s oil production by at least 200,000 barrels per day (bpd) before 2026, the International Energy Agency, a Paris-based think tank advising European countries on energy policy, has said. In its closely-watched medium-term market forecast released on Wednesday, the […] Read Full Story

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Data, integration missing puzzles in unlocking Nigeria’s informal sector

Nigeria's informal sector

Having the right data alongside the integration of different intervention policies are major ingredients needed to unlock the huge potential in Nigeria’s informal sector, experts have said. Nigeria’s informal sector is made up of individuals and micro-enterprises whose economic well-being is birthed and buoyed on the fringes of the formal economy. Their business activities remain […] Read Full Story

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Watt Renewable’s celebrates International Women’s Day, unveil fresh ideas for 2021

Women in clean energy firm Watts Renewable’s are celebrating International Women’s Day and also reaffirming its vow to breathing fresh ideas and changing the narrative in Nigeria’s renewables energy sector, despite working in a zone that once looked like an exclusive preserve of men. From running successful projects to creating social media strategy, Women in […] Read Full Story

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IWD: Schneider Electric Pledges Support to Finalists at NDES Female Start-ups Tourney

Ajibola Akindele

The six winning female Start-up Founders at the just-concluded Nigeria Digital Economy Summit (NDES) Accelerator Programme held in collaboration with Foresight Seeds Fund, a part of The Foresight Group, will receive sponsorship and continued mentorship from Schneider Electric, Foresight Seeds Fund and other partners for the next twelve months to enable them evolve into successful […] Read Full Story

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Oil soars after surprise OPEC+ decision to hold off on production increase

Brent, the benchmark for Nigeria’s crude oil climbed 5 percent to $66 per barrel on Thursday after the Organisation of Petroleum Exporting Countries (OPEC) and allies members agreed to keep production levels unchanged, a notably more dovish stance than the expected modest production rise. Early indications that OPEC+ won’t rush into boosting output aggressively and […] Read Full Story