Nigeria

Moody’s downgrades Nigeria’s sovereign issuer rating to B2 with a stable outlook – Moody’s – 07/11/2017

Moody's Investors Service has today downgraded the Government of Nigeria's long-term issuer and senior unsecured debt rating to B2 from B1 and the senior unsecured MTN program rating and the provisional senior unsecured debt rating to (P)B2 from (P)B1. The rating outlook remains stable.

Source:  Moody's, 2017/11/07

By |November 9th, 2017|Categories: News|Tags: , , |

Nigeria needs $142 billion to meet climate change target – FG – Premium Times – 27/09/2017

The Nigeria Nationally Determined Contributions, NDC, ambition under Climate Change Accord will cost estimated $142 billion, to meet the 2030 target.

Source:  Premium Times, 2017/09/27

By |October 19th, 2017|Categories: News|Tags: , , |

World Bank explains stance on Nigerian govt’s debt – Premium Times – 18/10/2017

The World Bank Group on Wednesday denied that the Bank disagreed with the Minister of Finance, Kemi Adeosun, over the borrowings by the Nigerian government to stimulate the economy and finance infrastructure projects in the country.

Source:  Premium Times, 2017/10/18

By |October 19th, 2017|Categories: News|Tags: , , |

IMF warns Nigeria, others over rising foreign debt – The Nation – 12/10/2017

The International Monetary Fund (IMF) yesterday warned the Federal Government about its rising debt profile, especially of foreign loans.

Source:  The Nation, 12/10/2017

By |October 12th, 2017|Categories: News|Tags: , , |

Nigeria, Africa’s biggest oil producer, is on the brink of another cycle of energy industry attacks – CNBC – 27/09/2017

Analysts warn that peace in Nigeria's southern oil-producing Delta could soon unravel. Militants cratered the African petrostate's oil production last year with sophisticated attacks on energy infrastructure. New militant groups have threatened to resume attacks as Nigeria heads into a presidential campaign year in 2018.

Source:  CNBC, 27/09/2017

By |September 28th, 2017|Categories: News|Tags: , , |

Nigeria: Issues As Nigeria Prepares for First Sovereign Green Bonds – AllAfrica.com – 18/07/2017

As Nigeria prepares to issue the first Sovereign Green Bonds by this third quarter, CHIKA OKEKE examines several inter-agency collaboration, benefits of the bonds and how it would green Nigerian economy.

Source:  AllAfrica.com, 2017/07/18

By |July 20th, 2017|Categories: News|Tags: , , |

Nielsen Africa Prospects Indicator Report – Edition 4 – Proshareng – 30/05/2017

2016 was a year of upheaval and change the world over, with equivalent sways experienced across Sub-Saharan Africa. This resulted in ongoing shifts in country prospects across a range of dimensions. In the latest Nielsen Africa Prospects ranking, seven of the eight markets have moved position, with the exception of Tanzania, which remains steady in [...]

By |June 1st, 2017|Categories: News|Tags: , , , , |

Crucial tests for Nigeria’s green bonds – African Business – 04/05/2017

In the last quarter of 2016, Nigeria’s former minister of environment Amina Mohammed announced a roadmap for the issuance of the country’s first sovereign green bonds.

Source:  African Business, 2017/05/04

By |May 4th, 2017|Categories: News|Tags: , , |

2016 most attacked country’s in Oil & Gas

In its 2017 guide to Political Risk, Terrorism & Political Violence, Aon shows the impact of terrorist attacks on the oil & gas sector:

“Targeting trends over the past ten years show that oil and gas infrastructure has been one of the most targeted businesses sectors globally, with nearly 700 attacks since 2010. By far the [...]

By |April 13th, 2017|Categories: Graph Analysis, Map|Tags: , , , , , , , |

Nigeria’s Oil Industry Churns On – Stratfor – 18/11/2016

Throughout the year, Nigeria's oil sector has been caught in a cycle of sporadic attacks and fitful negotiations to resolve local grievances and restore peace — and oil production — in the Niger Delta.

Source:  Stratfor, 2016/11/18

By |November 24th, 2016|Categories: News|Tags: , , , , , |