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| Goldman Sachs:Global Oil Demand to Grow Through 2040 |
 Goldman Sachs has projected that global oil demand will grow through at least 2040, driven by rising energy needs and ongoing challenges in scaling low-carbon technology and infrastructure, a year after the bank predicted a peak by 2034. Goldman’s above-consensus outlook came just days after the International Energy Agency (IEA) said oil demand would continue to grow over the next several decades, and a year after predicting demand would peak by the end of the decade. The bank forecast global oil demand will grow to 113 million bbl/day in 2040 from 103.5 million bbl/day in 2024, with annual average oil demand growth to remain solid at 900,000 bbl/day in 2025-30, before slowing gradually to 100,000 bbl/day by 2040, with a likely long plateau in the early 2040s. Key factors Goldman cited for its view include limited alternatives for jet fuel and petrochemicals due to technology bottlenecks, an indirect boost from AI-driven gross domestic product growth, and an overall increase in global energy demand that is expected to outpace the rate at which oil is replaced by low-carbon alternatives. |
| Thisday Business News |
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PBAN laments yearly importation of 4.8 million tonnes of wheat •Says bakery closure increase food secu The Premium Breadmakers Association of Nigeria (PBAN) has raised fresh concerns over the country’s dependence on wheat imports, revealing that Nigeria brings in more than 4.8 million metric tonnes of wheat every year toThe post PBAN laments yearly importation of 4.8 million tonnes of wheat appeared first on The Guardian Nigeria News - Nigeria and World |
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NIMC issues 124m NINs as poor interagency relations stall data harmonisa The National Identity Management Commission (NIMC) had issued 124 million National Identity Numbers (NIN) to eligible Nigerians, including those in the diaspora, as of October. This was disclosed in Abuja by the Deputy Director/Head, Strategy and Programme Officer, NIMC, AlvanThe post NIMC issues 124m NINs as poor interagency relations stall data harmonisa appeared first on The Guardian Nigeria News - Nigeria and World |
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Tax reforms key to sustaining Nigeria’s economic resilience, says FIRS boss President Bola Tinubu’s bold tax reform initiatives are central to Nigeria’s strategy for economic resilience, the Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr Zacch Adedeji, has said. He made the statement during the maiden Distinguished Lecture SeriesThe post Tax reforms key to sustaining Nigeria’s economic resilience, says FIRS boss appeared first on The Guardian Nigeria News - Nigeria and World |
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CBN rate hike boosts fix income market —AIHN By Providence Ayanfeoluwa The Association of Issuing Houses of Nigeria, AIHN, has said that the Central Bank of Nigeria, CBN, aggressive interest rate hikes boosted investors’ demand for fixed income instruments in 2024. President of the association, Kemi Awodein, speaking during the AIHN’s Annual General Meeting and presentation of 2024 financial statements in Lagos, said […]The post CBN rate hike boosts fix income market —AIHN appeared first on Vanguard |
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Tax reforms key to strengthening Nigeria’s finances, says FIRS boss By Babajide Komolafe President Bola Tinubu’s bold tax reform initiatives are central to Nigeria’s strategy for economic resilience, Dr. Zacch Adedeji, the Executive Chairman of the Federal Inland Revenue Service, FRSC, has said. Speaking at the maiden lecture series of the University of Ilesa, Osun State, Adedeji told academics, policymakers, students, and industry leaders at the […]The post Tax reforms key to strengthening Nigeria’s finances, says FIRS boss |
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Food inflation still going up but at slower speed •Highest in Ogun, lowest in Yobe By Elizabeth Adegbesan Contrary to the feelers in the public space hinting that prices of some food items are going down, the National Bureau of Statistics, NBS, has said that on the average, the prices were going higher in the month of October 2025 as against previous month of September. But […]The post Food inflation still going up but at slower speed appeared first on Vanguard |