Search Results for: Nigeria
10 results out of 317 results found for 'Nigeria'.
GERMANY BOOSTS GENERIC MEDICINE PRODUCTION IN AFRICA AND ASIA
BY KEITH NUTHALL
THE GERMAN government is giving Euro EUR1.2 million to a UN project expanding and upgrading small and medium-sized generic pharmaceutical manufacturers in Asia and Africa. It is run by the UN Industrial Development Organisation (UNIDO) and aims to spread medicine manufacture across a continent where production is mainly concentrated in South Africa, Nigeria, Ghana and Kenya.…
CONSULTANTS CALL ON AFRICA TO DIVERSIFY OIL ECONOMIES
BY KEITH NUTHALL
A MAJOR report on Africa from consultants McKinsey Global Institute has called on African oil exporting countries to boost growth through diversifying their economies. It said: "Africa’s oil and gas exporters have the highest GDP per capita but the least diversified economies."…
HIGH NOON FOR THE FUTURE OF ASBESTOS IN A TOWN CALLED ASBESTOS
BY KEITH NUTHALL
THE TOWN of Asbestos in French-speaking Québec, Canada – named after the mineral that underpins its economy – is waiting to see whether its provincial government will approve a Canadian dollar CAD58 million (US dollar USD56 million) loan enabling an underground mine to tap an immense deposit.…
DEMOCRATIC REPUBLIC OF THE CONGO MOVES ON OIL AND GAS DEVELOPMENT
BY GEORGE STONE
THE DEMOCRATIC Republic of Congo (DRC) is moving towards giving permission to a consortium led by Irish independent Tullow Oil to develop oil and gas production on its side of Lake Albert, government officials have signalled. Kinshasa, DRC’s capital city, is currently a minnow in Africa’s oil producer’s league, pumping just 25,000 barrels per day (bpd) while the continent’s leading exporters Nigeria and Angola are hitting the 2 million bpd mark.…
CDM PROJECTS OFF TO A SLOW START IN AFRICA
BY GEORGE STONE
THE KYOTO Protocol’s Clean Development Mechanism (CDM) has made slow progress in Africa, but schemes are slowly getting off the ground, led by programmes in Nigeria, Kenya and South Africa.
Under the United Nations-backed CDM process, projects that reduce greenhouse gas emissions and contribute to sustainable development can earn saleable certified emission reduction (CER) credits.…
NIGERIA SLIPS BACKWARDS IN ANTI-MONEY LAUNDERING FIGHT - BUT COULD BE POISED TO MAKE IMPROVEMENTS
BY BILL CORCORAN
LAST year, the former executive chairman of Nigeria’s Economic and Financial Crimes Commission (EFCC), Nuhu Ribadu, summed up why he thought the west African country’s efforts to curb corruption and money laundering has faltered in recent years. "When you fight corruption, it fights back," said Mr Ribadu in June, as he addressed the United States government’s House of Representatives committee on financial services on capital loss and corruption in Nigeria, as well as in Africa.…
EGMONT GROUP SEEKS TO RAISE PROFILE AS IT BOOSTS FIU PERFORMANCE WORLDWIDE
BY KEITH NUTHALL
IF a global poll was taken to identify the best known international organisation, the Egmont Group would be lucky to get a mention, despite it linking 116 financial intelligence units (FIU) worldwide.
It is partly to raise profile that the group last June appointed its first chair, Luis Urrutia, who heads Mexico’s FIU.…
WEST AFRICA BECOMES MAJOR SMUGGLING HUB FOR ILLICIT TOBACCO
BY EMMA JACKSON, KEITH NUTHALL, ALAN OSBORN, PAUL COCHRANE and BILL CORCORAN
WEST Africa is becoming a key region in the booming trade of illicit cigarettes, counterfeit copies of premium brands and smuggled properly branded and manufactured sticks. So much money is being made by criminals using this often-chaotic region as a hub to receive illicit sticks and then distribute them throughout Africa that this trade is becoming a matter of serious concern to the United Nations and even NATO.…
RUSSIA AND NIGERIA SLASH GAS FLARING
BY KEITH NUTHALL
SIGNIFICANT environmental improvements in Russia and Nigeria have been largely responsible for cutting global gas flaring over the past three years by 22 billion cubic metres (bcm), despite a 5% rise in crude oil production. The World Bank-led Global Gas Flaring Reduction partnership (GGFR) says flaring peaked at 162 bcm in 2005 and declined to 140 bcm in 2008.…
AFRICA'S NEW OIL AND GAS LIONS: MAJORS ENTER THE REGION
BY GEORGE STONE
GHANA, Uganda and the Democratic Republic of Congo (DRC) are Africa’s latest upstream hotspots as major energy firms seek new provinces outside of regional heavyweight oil producers Nigeria and Angola. But jockeying for position has already led to friction between governments and the industry.…