Nigeria’s Barkindo appeals for OPEC output cooperation

Nigeria’s Barkindo appeals for OPEC output cooperation

African economies dependent on oil revenues continue to struggle with high supply levels and low prices, as representatives of OPEC nations meeting in Algeria Tuesday said it will be November before any decision to limit output and stabilize markets could have an impact on their ailing budgets. Nigerian Mohammad Barkindo,…

At 30 years in power, Museveni’s record is a mixed bag

President Yoweri Museveni of Uganda, on Tuesday celebrated thirty years in power. He is now on the last leg of his campaign to extend his rule by five more years. When he seized power in 1986, he promised to rule for four years and was famously quoted saying Africa’s problem…

Frank Kagabo

Frank Kagabo is a freelance journalist.

Low oil price: the threats and opportunities for Africa producers

From 2010 until mid-2014, world oil prices were fairly stable at around $110 per barrel. But over supply from oil producers coupled with weak demand from the Chinese and European economies drowned the world with cheap oil pushing the price further south to its lowest price ($30) since 2003 in…

Erukilede Julius

Erukilede Julius is a legal practitioner, entrepreneur and energy professional.

On the path to the African Century

A wide array of literature asserts the growing dominance of Africa in the coming decades. With the continent analogous to images of poverty, conflict and disease, the tides might be changing to a more economically developed Africa. However, the situation may also portend a case of overestimation of its potential….

How to avoid Dutch disease: The case of Nigeria

Managing Nigeria’s excess oil revenue has never been easy. From Sani Abacha to Olusegun Obasanjo, many of Nigeria’s presidents have famously looted the country’s coffers made rich by oil money. From Nigeria’s independence in 1960 to the year 2006 an estimate $380-400 billion has been stolen by the country’s leaders….

Advisors tell Buhari to overhaul Nigerian oil sector

In an exclusive, Reuters reported that a Nigerian reform proposal document shows that Nigerian President Muhammadu Buhari’s advisors have suggested that he totally overhaul the root and branch of Africa’s largest oil industry and increase borrowing to aid in paying off the $20 billion in outstanding government debts. This recommendation came…