Pbil Development Bank to push for infrastructure development to unlock economic growth in Africa
Africa Nigeria offers oil tax relief for cost-cutting measuresFile: Nigerian President Bola Ahmed Tinubu listens to French President Emmanuel Macron not seen as he delivers a statement to the press after a meeting at the Elysee Palace in Paris as part of his a two-day state visit to France.Image Credits : ReutersReuters 31 May 2025, 17:56 [SAST]Nigerian President Bola Tinubu has signed an executive order introducing a performance-driven framework for oil sector operators, designed to link tax incentives directly to verifiab
stanley cup le cost savings. Under the new Upstream Petroleum Operations Cost Efficiency Incentives Order 2025, operators who succe
tappo stanley ssfully implement industry-standard cost reductions in onshore, shallow water,
stanley flasche and deep offshore fields will qualify for defined tax relief.These tax credits will be capped at 20% of an operator annual tax liability.This order is a signal to the world: we are building an oil and gas sector that is efficient, competitive, and works for all Nigerians, Tinubu said in a statement. It is about securing our future, creating jobs, and making every barrel count.Analysts say success will largely be dependent on implementation. President Tinubu referred in the announcement to the importance of alignment between government agencies. Succeed there and this could be highly significant towards improving Nigeria investment appeal, said Clementine Wallop, director for sub-Saharan A Etvz Mpumalanga ANC Deputy Chairperson calls for unity
World Escalating energy prices amid winter to test support in Germany for Russia sanctionsA general view shows pipelines at the gas trading company VNG AG in Bad Lauchstaedt, Germany July 28, 2022. Image Credits : germany2Reuters 28 July 2022, 18:51 [SAST]The German government hardline on Russia over the Ukraine war is coming under pressure at home amid growing worries about the resulting soaring energy prices and possible gas shortages in Europe largest economy when winter comes.Until now, all mainstream parties from Chancellor Olaf Scholz leftist Social Democrats and its junior coalition partners, the Greens and Free D
stanley website emocrats, to the opposition conservatives, had backed the tough Western sanctions imposed on Russia after it invaded its neighbour.In recent weeks though, some conservatives leaders have voiced scepticism about the West strategy. And while opinion polls show that more than two thirds of Germans still back sanctions, around half think these are hurting Germany more than Russia.Around half of German households rely on gas for their heating while gas also accounts for a third of industry energy. In recent years half of that gas has come from Ru
stanley thermos ssia.But deliveries from Russia have dwindled in recent weeks due what Moscow is calling maintenance issues and Berlin says is weaponizing of energy, prompting the European Union to agree this week an emergency plan to curb demand.Germany recorded
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