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1 – 10 of 92These supply disruptions were largely caused by a lack of sufficient foreign exchange at the state-owned Nigerian National Petroleum Corporation Limited (NNPCL), which has…
Defence and security get the largest sectoral allocation at NGN3.25tn, followed by education at NGN2.2tn and health and infrastructure, each at NGN1.33tn. However, the budget is…
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DOI: 10.1108/OXAN-DB284069
ISSN: 2633-304X
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The announcement set off panic buying as motorists rushed to purchase fuel before prices went up, causing long fuel queues across the country. The announcement also came just days…
This period was marked by two dramatic policy moves: the removal of a costly fuel subsidy and a major devaluation of the naira. Both moves are crucial for reforming Nigeria’s…
Europe's decisive move away from Russian pipeline gas since February 2022 has changed hugely the global LNG trade. Between 2019 and 2022, the global LNG market grew by 12%, with…
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DOI: 10.1108/OXAN-DB282041
ISSN: 2633-304X
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The downgrade reflects the expected realisation this year of the delayed global economic slowdown. The resulting debt overhang in the region has depleted the space for fiscal…
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DOI: 10.1108/OXAN-DB280137
ISSN: 2633-304X
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Prospects for Nigeria in 2023.
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DOI: 10.1108/OXAN-DB273849
ISSN: 2633-304X
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These subsidies were scheduled to end in June. The Council justified the decision on the need for more preparatory work, particularly by the incoming administration of…
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DOI: 10.1108/OXAN-DB278745
ISSN: 2633-304X
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This is the also the first bidding process begun under the 2021 Petroleum Industry Act (PIA), a landmark law that aims to overhaul the industry. Nigerian officials hope that its…
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DOI: 10.1108/OXAN-DB274064
ISSN: 2633-304X
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Geographic
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This forms part of a broader effort to expand the benefits of oil and gas production to northern Nigeria. This includes a large oil and gas field at the Kolmani Integrated…