Modular Refinery Strategy Back As Presidency Weighs Petrol Agony

Modular Refinery Strategy Back As Presidency Weighs Petrol Agony

Author: Africa Business Radio August 29, 2022 Duration: 27:46
News Express
Business
The Nigerian presidency IS contemplating a return to supporting the establishment of modular refineries mainly by small-scale operators as an option to solve the country’s obdurate petroleum agony, according to a letter from the presidency.
The aim is to use the initiative to mop up hundreds of artisanal refiners that are strewn in most parts of Nigeria’s oil region.
An army of young people has engaged in the illegal business for some years now, which has caused thousands of barrels of crude oil per day to be lost from the production mainstream Nigeria is headed to losing more than $4 billion or N1.6 trillion this 2022 to crude oil thieves, according to a new survey on oil theft in the country

Tune into News Express from Africa Business Radio for a clear-eyed look at the forces shaping Nigeria's economy. This isn't just headline scanning; it's a dedicated exploration of the financial sector and markets, delivered with a focus you won't find elsewhere. We go beyond the surface noise of daily news to provide context and analysis, yet avoid the narrow jargon that can make trade publications inaccessible. Each episode distills the essential conversations happening right now in boardrooms and on trading floors. You'll hear informed discussions pinpointing what matters for pivotal areas like Investment Banking, Trading, Technology, and Fund Management, while also tracking movements in Alternatives, Commodities, and major Companies. For anyone with a stake in the region's business landscape, this podcast serves as a vital briefing, connecting the dots between sectors to offer a comprehensive, nuanced picture. News Express is your source for understanding not just what is happening, but why it matters for the future of African commerce.
Author: Language: English Episodes: 100

Official website RSS
News Express
Podcast Episodes
AfDB Holds Global North Accountable Over $100bn Africa Climate Pledge [not-audio_url] [/not-audio_url]

Duration: 17:01
African Development Bank President Akinwumi Adesina has reminded developed countries to deliver on their promise of $100 billion per year for climate change in Africa, in view of the urgent need to finance climate adapta…
Chinese Contractors In Africa Seek Financial Help From Europe [not-audio_url] [/not-audio_url]

Duration: 16:29
Chinese Contractors developing projects in Africa have recently begun seeking out financing from European banks and export credit agencies, a departure from their typical sourcing of finance from China, according to a re…
Analysts See Broad Consumer Price Pressure After Gas VAT [not-audio_url] [/not-audio_url]

Duration: 15:35
A universe of Business A.M.’s analysts' community says they see the situation in the long and broad view of consumer price pressure. According to them the rise in the price of the commodity only adds to the pressure face…
Singapore Offers Nigeria Business Partnerships [not-audio_url] [/not-audio_url]

Duration: 20:21
Singapore, an economic giant city-state and gateway to Southeast Asia, says it is open for partnerships with Nigerian businesses in particular, and Africa in general, and is prepared to serve as a genuine gateway to sout…
Central Bank Of Nigeria Clips Bureau de Change Operators Wings [not-audio_url] [/not-audio_url]

Duration: 21:10
The wings of Bureau de Change operators in Nigeria may have been clipped by the Central Bank of Nigeria with the swift decision last Tuesday to halt the sale of foreign exchange to that segment of the market in an effort…

«1...5678910»