With crude oil still trading at over $100/bbl, there is no gainsaying that the Nigerian government is clearly in a lavish mood. This probably explains why the government reneged on its commitment to put a stop to PMS subsidy and is poised to raise ₦4trn to fund petrol subsidies in 2022. Policy moves like this…
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Oil prices are on a tear, along with everything else in this inflationary period. Players in the global oil market are spooked by supply-related constraints, and their continued panic has seen oil prices climb by no less than 20% YTD. While Western oil companies are drilling fewer wells post-pandemic – partly due to pressure from…
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Globally, climatic shocks have become more frequent and intense. Many people still think of climate change as a future phenomenon, probably because climate change-related projections are tied to future dates: 2030, 2050, or 2100, for instance. But we are, unfortunately, experiencing climate change, and have done so for some time now. Over the past century,…
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Angela Merkel’s sixteen-year hold of Europe’s largest economy ended earlier this month, as she handed over the helm of Germany’s affairs to Olaf Scholz, her four-year finance minister, vice-chancellor, and an ardent social democrat. Scholz, who narrowly edged out other candidates in the race to fill Merkel’s huge shoes in the September elections, has taken…
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