Nigeria LNG at 9th Realnews Anniversary Lecture

L–R shows: Managing Director/CEO, Central Securities Clearing System (CSCS)...

The United States decreased its oil import from Nigeria by 67 per cent in 2014, signaling growing economic pain and sustained pressure on foreign reserves, already down to $29.3 billion as at April 15, 2015, its lowest point since 2010. Figures from the US Department of Commerce suggest that U.S. total trade in 2014 (exports plus imports) with sub-Saharan Africa (SSA) also went down by 18 per cent to $52.1 billion compared to 2013. “In 2014, U.S. imports from SSA decreased by 32 percent, falling to $26.7 billion and representing only 1.1 percent of total U.S. imports from the world. This decrease was mostly due to a 51 percent decrease in U.S. mineral fuel and oil imports from SSA. U.S. imports from SSA originated, for the most part, from South Africa Nigeria, Angola, Côte d’Ivoire, and Chad,” the report says.

Being the first of its kind in the country,...

In Nigeria, a country of nearly 200 million people,...

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Stanbic IBTC Bank PLC, a subsidiary of Standard Bank...

As part of the activities marking the 2022 ITREALMS...

African governments can turn trade barriers into accelerators that...