• About Us
  • Terms & Conditions
  • Contact Us
Saturday, June 10, 2023
Investogist
No Result
View All Result
  • Home
  • News
    • All
    • Africa
    • Nigeria
    • World
    EU member states agree on deal to overhaul key asylum and migration laws

    EU member states agree on deal to overhaul key asylum and migration laws

    Buhari to unveil new naira notes Wednesday — no longer Dec 15

    BREAKING: DSS arrests Emefiele after suspension

    Emefiele to be let in without arrest, expected to resign

    BREAKING: Tinubu suspends Emefiele as CBN governor

    EFCC seeks transfer of Orji Uzor Kalu’s trial to Lagos

    EFCC arrests 52 suspected internet fraudsters in Ogun

    Tinubu is my president, never knew he’s so intelligent – Abia Labour Party Rep-elect

    Tinubu is my president, never knew he’s so intelligent – Abia Labour Party Rep-elect

    LASTMA debunks report of Sanwo-Olu banning arrest of motorists

    LASTMA debunks report of Sanwo-Olu banning arrest of motorists

    22,500 children died in Lagos due to air pollution in 2021— LASEPA

    Lagos belongs to Yorubas; lawmakers will pass new ‘property laws, reverse all the reversible to protect indigenes’ interest’: Speaker Obasa

    Bolt, Uber drivers, others begin nationwide strike, demand 200% increment in fares

    Bolt, Uber drivers, others begin nationwide strike, demand 200% increment in fares

    U.S knew of Ukraine’s plan to attack Nord Stream pipeline – Media Report

    U.S knew of Ukraine’s plan to attack Nord Stream pipeline – Media Report

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Details of 2023 Budget parameters, revenue estimate, expenditure, fiscal balance

    2023 Budget: List of most expensive Zonal Intervention Projects by FG, states with highest allocation

    How to obtain foreign currency from Teller Points at Bank branches

    We did not devalue Naira – CBN

    How to obtain foreign currency from Teller Points at Bank branches

    CBN Devalues Naira to 630/US$1 at the I&E Window – Reports

    Senate sits on Saturday, increases Ways and Means borrowing from 5% to 15%

    Senate sits on Saturday, increases Ways and Means borrowing from 5% to 15%

    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

    BREAKING: CBN raises interest rate to 18.5% amid rising inflation

    JUST IN: Nigeria’s inflation rate hits 19.64% – highest since 2005.

    Inflation rate hits 22.22% in April, highest in 14 years

    Telcos kick as FG plan 12.5% call tax

    FG re-introduces 5% excise duty on telecom services in new fiscal policy

    Headline Inflation in Nigeria rose to 22.04% in March

    Headline Inflation in Nigeria rose to 22.04% in March

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    Nigeria’s total debt rose to N46.25 trillion in 2022, 84.73% of bilateral debt owed to China

    • Policies
    • Budgets
    • Economic Data
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX- ASI declined by 0.03% as Union Bank loses 8.86%

    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2023, qualification and payment dates

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX- ASI Declined by 0.03%, as volume traded declined by 18.87%

    Again DMO offers N360 billion FGN bond for February

    FGN Savings Bond interest rates slide in June

    Local Bourse closed in Bullish Territory… As NGX-ASI at 0.31%

    The NGX- ASI gained 5.22% on bullish performance

    FY 2020: Unilever Nigeria Plc remains in loss despite revenue growth

    The NGX- ASI increased by 0.48% as Unilever gained 9.70%

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI increased by 0.35% despite negative market sentiment

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI Gained 0.31% as NB rose another 9.63%

    FY 2020: Nigerian Breweries Plc reports 54.3% decline in profit

    The NGX- ASI Increased By 0.36% as NB rises 9.97%

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Q3 2023 Earnings: Linkage Assurance Plc forecasts N1.25bn Profit after Tax

    Q3 2023 Earnings: Linkage Assurance Plc forecasts N1.25bn Profit after Tax

    Lasaco Assurance Plc to pay Dividend of 15 kobo to Shareholders for 2022 FYI

    Lasaco Assurance Plc to pay Dividend of 15 kobo to Shareholders for 2022 FYI

    Equities Market Recorded Gains… As NGX-ASI Grows Marginally By 0.02%

    BUA Cement Plc gets $500 million loan facility from IFC and partners

    FBN Holdings Plc announces 50 kobo final Dividend for 2022 Financial Year

    FBN Holdings Plc announces 50 kobo final Dividend for 2022 Financial Year

    First Bank’s parent company reports N136.3bn profit for 2022, to pay dividend

    First Bank’s parent company reports N136.3bn profit for 2022, to pay dividend

    Nigerian Breweries presented offer to acquire Chamdor and Amarula producer

    Nigerian Breweries presented offer to acquire Chamdor and Amarula producer

    Breaking: NNPC releases statement on fuel price adjustment

    Breaking: NNPC releases statement on fuel price adjustment

    Oando kicks-off test of electric vehicles for mass transportation in Lagos

    Oando kicks-off test of electric vehicles for mass transportation in Lagos

    Seplat says ‘no official notification’ on Buhari’s reversal of approval for ExxonMobil deal

    Seplat extends, revises Mobil Producing Nigeria purchase deal

    • Companies
    • Industry
    • Technology
  • Sports
    • Football
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    North-West, South-West lead as INEC registers 96.2 million, Rivers overtakes Katsina

    ELECTION: How to check your polling unit, code online

    4 things to consider before buying a laptop

    4 things to consider before buying a laptop

    How to move to Canada by starting a business – Part 1

    How to move to Canada by starting a business – Part 2

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Financial Education
  • Vacancies
  • Home
  • News
    • All
    • Africa
    • Nigeria
    • World
    EU member states agree on deal to overhaul key asylum and migration laws

    EU member states agree on deal to overhaul key asylum and migration laws

    Buhari to unveil new naira notes Wednesday — no longer Dec 15

    BREAKING: DSS arrests Emefiele after suspension

    Emefiele to be let in without arrest, expected to resign

    BREAKING: Tinubu suspends Emefiele as CBN governor

    EFCC seeks transfer of Orji Uzor Kalu’s trial to Lagos

    EFCC arrests 52 suspected internet fraudsters in Ogun

    Tinubu is my president, never knew he’s so intelligent – Abia Labour Party Rep-elect

    Tinubu is my president, never knew he’s so intelligent – Abia Labour Party Rep-elect

    LASTMA debunks report of Sanwo-Olu banning arrest of motorists

    LASTMA debunks report of Sanwo-Olu banning arrest of motorists

    22,500 children died in Lagos due to air pollution in 2021— LASEPA

    Lagos belongs to Yorubas; lawmakers will pass new ‘property laws, reverse all the reversible to protect indigenes’ interest’: Speaker Obasa

    Bolt, Uber drivers, others begin nationwide strike, demand 200% increment in fares

    Bolt, Uber drivers, others begin nationwide strike, demand 200% increment in fares

    U.S knew of Ukraine’s plan to attack Nord Stream pipeline – Media Report

    U.S knew of Ukraine’s plan to attack Nord Stream pipeline – Media Report

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Details of 2023 Budget parameters, revenue estimate, expenditure, fiscal balance

    2023 Budget: List of most expensive Zonal Intervention Projects by FG, states with highest allocation

    How to obtain foreign currency from Teller Points at Bank branches

    We did not devalue Naira – CBN

    How to obtain foreign currency from Teller Points at Bank branches

    CBN Devalues Naira to 630/US$1 at the I&E Window – Reports

    Senate sits on Saturday, increases Ways and Means borrowing from 5% to 15%

    Senate sits on Saturday, increases Ways and Means borrowing from 5% to 15%

    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

    BREAKING: CBN raises interest rate to 18.5% amid rising inflation

    JUST IN: Nigeria’s inflation rate hits 19.64% – highest since 2005.

    Inflation rate hits 22.22% in April, highest in 14 years

    Telcos kick as FG plan 12.5% call tax

    FG re-introduces 5% excise duty on telecom services in new fiscal policy

    Headline Inflation in Nigeria rose to 22.04% in March

    Headline Inflation in Nigeria rose to 22.04% in March

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    Nigeria’s total debt rose to N46.25 trillion in 2022, 84.73% of bilateral debt owed to China

    • Policies
    • Budgets
    • Economic Data
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX- ASI declined by 0.03% as Union Bank loses 8.86%

    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2023, qualification and payment dates

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX- ASI Declined by 0.03%, as volume traded declined by 18.87%

    Again DMO offers N360 billion FGN bond for February

    FGN Savings Bond interest rates slide in June

    Local Bourse closed in Bullish Territory… As NGX-ASI at 0.31%

    The NGX- ASI gained 5.22% on bullish performance

    FY 2020: Unilever Nigeria Plc remains in loss despite revenue growth

    The NGX- ASI increased by 0.48% as Unilever gained 9.70%

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI increased by 0.35% despite negative market sentiment

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI Gained 0.31% as NB rose another 9.63%

    FY 2020: Nigerian Breweries Plc reports 54.3% decline in profit

    The NGX- ASI Increased By 0.36% as NB rises 9.97%

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Q3 2023 Earnings: Linkage Assurance Plc forecasts N1.25bn Profit after Tax

    Q3 2023 Earnings: Linkage Assurance Plc forecasts N1.25bn Profit after Tax

    Lasaco Assurance Plc to pay Dividend of 15 kobo to Shareholders for 2022 FYI

    Lasaco Assurance Plc to pay Dividend of 15 kobo to Shareholders for 2022 FYI

    Equities Market Recorded Gains… As NGX-ASI Grows Marginally By 0.02%

    BUA Cement Plc gets $500 million loan facility from IFC and partners

    FBN Holdings Plc announces 50 kobo final Dividend for 2022 Financial Year

    FBN Holdings Plc announces 50 kobo final Dividend for 2022 Financial Year

    First Bank’s parent company reports N136.3bn profit for 2022, to pay dividend

    First Bank’s parent company reports N136.3bn profit for 2022, to pay dividend

    Nigerian Breweries presented offer to acquire Chamdor and Amarula producer

    Nigerian Breweries presented offer to acquire Chamdor and Amarula producer

    Breaking: NNPC releases statement on fuel price adjustment

    Breaking: NNPC releases statement on fuel price adjustment

    Oando kicks-off test of electric vehicles for mass transportation in Lagos

    Oando kicks-off test of electric vehicles for mass transportation in Lagos

    Seplat says ‘no official notification’ on Buhari’s reversal of approval for ExxonMobil deal

    Seplat extends, revises Mobil Producing Nigeria purchase deal

    • Companies
    • Industry
    • Technology
  • Sports
    • Football
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    North-West, South-West lead as INEC registers 96.2 million, Rivers overtakes Katsina

    ELECTION: How to check your polling unit, code online

    4 things to consider before buying a laptop

    4 things to consider before buying a laptop

    How to move to Canada by starting a business – Part 1

    How to move to Canada by starting a business – Part 2

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Financial Education
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home Business

Share your “excess” profits from oil and gas, Poland tells Norway

Monday, 23 May 2022, 7:34 am
in Business, Industry, News, World
0
Share your “excess” profits from oil and gas, Poland tells Norway
Share Share Share Share Send as Email

Poland has demanded that Norway share the “excess” profits it’s been making as oil and gas prices soar amid the ongoing conflict between Russia and Ukraine.

Russia Today reported this on Sunday, 22nd May, quoting a statement said to have been made by the Polish Prime Minister Mateusz Morawiecki at the National Youth Dialogue congress on the same day.

“But should we be paying Norway gigantic money for gas – four or five times more than we paid a year ago? This is sick,” he said, claiming that the excess of the annual average gas and oil profit “will exceed €100 billion” this year for a country of five million people like Norway.

“They should share these excess profits. It’s not normal, it’s unjust. This is an indirect preying on the war started by Putin,” the PM said.

Morawiecki went on to urge young Poles to go and shame their Norwegian “friends” over the fat gas profits online to push the country into sharing the wealth.

“Write to your young friends in Norway,” he said. “They should share it immediately,” Morawiecki stated, adding that it shouldn’t necessarily be shared with Poland, but with Ukraine.

Morawiecki while addressing his government’s energy policy said col-reliant Poland plans to switch to renewables and nuclear energy, while shedding oil and gas deliveries from Russia and at some point from “Arab” countries as well.

Have you read? S&P 500 slips into bear market, joins Nasdaq as recession fears mount

Poland will later this year complete a gas pipeline from Norway that’s set to help it replace the supply of the fuel from Russia — cut last month following Poland’s refusal to pay in rubles.

The country sees its gas needs rising by about 50% over the current decade as its utilities build new power plants in place of aging coal-fired units. The deal with Norway and Denmark to build the link from the North Sea was crucial for the Polish ruling Law & Justice party’s policy to cut energy ties with Russia.

Meanwhile, Poland’s main gas company, state-controlled PGNiG SA, saw its Ebitda (or earnings before interest, taxes, depreciation, and amortization) profits almost double in the first quarter, reaching some $2.19 billion, writes Bloomberg. The profit was primarily generated by the Norwegian unit of the state-owned Polish company, which accounted for almost half of the massive figure.

Moreover, Poland was actively stocking up on gas before getting cut off by Russia, with German Gascade reporting a major spike in reverse gas flow in late April. Moscow stopped the gas supply to the country last month following Warsaw’s refusal to pay for fuel in rubles under a new scheme rolled out by Russia in response to the European sanctions.

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

Related Posts:

  • Stop sending Ukrainian Refugee Trains to us - Germany tells Poland
    Stop sending Ukrainian Refugee Trains to us - Germany tells…
  • Norway is granting skilled workers entry visa to apply for residence/work permit
    Norway is granting skilled workers entry visa to apply for…
  • From a peak of $11.5bn under GEJ to $376.65k under PMB, how the OBJ created Excess Crude Account got depleted
    From a peak of $11.5bn under GEJ to $376.65k under PMB, how…
  • Oil Prices fall as China competes with OPEC; Ships oil from excess Storage
    Oil Prices fall as China competes with OPEC; Ships oil from…
Previous Post

Russia’s Gazprom halts gas deliveries to Finland

Next Post

Biden says the U.S would send military to defend Taiwan if China invades

Next Post
Biden says the U.S would send military to defend Taiwan if China invades

Biden says the U.S would send military to defend Taiwan if China invades

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2023, qualification and payment dates

Tinubu is my president, never knew he’s so intelligent – Abia Labour Party Rep-elect

Tinubu is my president, never knew he’s so intelligent – Abia Labour Party Rep-elect

Buhari to unveil new naira notes Wednesday — no longer Dec 15

BREAKING: DSS arrests Emefiele after suspension

2023 EPL Summer Transfer window: All confirmed deals

2023 EPL Summer Transfer window: All confirmed deals

How to become a distributor of Dangote Cement

How to become a distributor of Dangote Cement

EU member states agree on deal to overhaul key asylum and migration laws

EU member states agree on deal to overhaul key asylum and migration laws

Buhari to unveil new naira notes Wednesday — no longer Dec 15

BREAKING: DSS arrests Emefiele after suspension

Q3 2023 Earnings: Linkage Assurance Plc forecasts N1.25bn Profit after Tax

Q3 2023 Earnings: Linkage Assurance Plc forecasts N1.25bn Profit after Tax

Emefiele to be let in without arrest, expected to resign

BREAKING: Tinubu suspends Emefiele as CBN governor

Investogist
info@investogist.com

Follow us

Categories

  • Africa
  • Agriculture
  • Arts & Culture
  • Budgets
  • Business
  • Columnists
  • Commodities
  • Companies
  • Cryptocurrencies
  • Economic Data
  • Economy
  • Editorials
  • Financial Education
  • Football
  • Forex
  • Industry
  • Investogist Business Saturday
  • Job Opportunities
  • Markets
  • Nature
  • News
  • Nigeria
  • Op-ed
  • Opinion & Analysis
  • Places & People
  • Policies
  • Rates & Bonds
  • Sports
  • Stocks/Equities
  • Technology
  • Travel & Tours
  • Vacancies
  • World

Quick Links

  • News
  • Economy
  • Markets
  • Business
  • Opinion & Analysis
  • Travel & Tours

Newsletter

Copyright © 2023 investogist.com, All Rights Reserved

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us
No Result
View All Result
  • Home
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • Companies
    • Industry
    • Technology
  • Sports
    • Football
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Financial Education
  • Vacancies

Copyright © 2023 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist