Mozambique’s long-held dreams of natural gas have got a fresh boost following an estimated $1.1 billion contract award by ExxonMobil for the Rovuma LNG Phase 1 project in Mozambique’s Cabo Delgado region. The signing of the contracts represents a big leap towards FID for the project, whose objective is to build onshore LNG facilities with […]
The lockdown, which saw businesses around the world shut down, was a boon for Northflix as idle Nigerians turned to their mobile phones to stream their favourite movies. The region’s movie machine — dubbed Kannywood after its largest city Kano — has become the dominant source of entertainment for West Africa’s 80 million Hausa speakers. […]
Nigeria’s major airline, Air Peace has been affected by the Covid-19 crisis. Faced with “the devastating outcomes on its operations and monetary health”, the management of Air Peace stated in a statement that it had to take “a painful however prison decision” of brushing aside some of its pilots and reducing “the salaries of all […]
The International Monetary Fund said on Tuesday its executive board approved $3.4 billion in emergency financial assistance for Nigeria to support the oil exporter’s response to the coronavirus pandemic. The global lender said it remained closely engaged with Nigerian authorities and was ready to provide policy advice and further support as needed. The outbreak and […]