Africa Energy Headlines International

Nigeria’s oil production hampered by theft

Nigeria is reinforcing security to tackle oil theft and the vandalism targeting its onshore pipeline and oil fields, but the issue is still far from being resolved. In April, Nigeria recruited 1,486 personnel to boost internal security operations in the country’s crude production heartland, according to local media sources. Nigeria is Africa’s largest oil producer […]

Africa Headlines International

Separatists kill 11 in Nigeria’s south-east, army says

The Nigerian army said a separatist militia killed 11 people in the country’s southeastern Abia state. Five soldiers and six civilians were killed in the attack by separatists in a series of raids to commemorate an anniversary of their short lived self-proclaimed Biafara republic, AP reported. The separatist militia, called the Indigenous People of Biafra […]

Africa Emerging Markets Headlines International

Nigeria’s Tinubu advocates regional African forces against coups, terrorism

Nigerian president Bola Tinubu said Africa’s regional bodies should set up military forces to fend off terrorism and military coups. Speaking at a recent event in Abuja dubbed the State of Democracy in Africa, Tinubu said that empowering regional blocs to have their own stand by forces would thwart military coups and act as a […]

Africa Headlines International

Nigeria, SA call on African countries to develop tourism by boosting collaboration, air connectivity

Nigeria’s and South Africa’s senior government officials have urged African countries to boost collaboration, rather than compete with one another, and work together to improve air connectivity, which would in turn boost tourism and economic growth. Speaking during the recent African Tourism Ministers Dialogue in South Africa’s port city of Durban, the country’s Minister of […]

Africa Algeria Business Egypt Headlines International Morocco

Egypt, Algeria, Morocco, Nigeria among largest global wheat importers

Egypt will be the largest global wheat importer in 2024/25 (July-June) as the country recovers from a foreign exchange reserve crisis and seeks to rebuild inventories, the US department of agriculture USDA said. “In addition to wheat milled for domestic use, Egypt is also expected to continue exporting some wheat flour to nearby countries such […]

Africa Energy Headlines International

Nigeria invites bids for 12 onshore and offshore oil blocks

Nigeria seeks investors to develop 12 onshore and offshore oil blocks as it seeks to tap into its 37.5 billion barrels of crude. “Nigeria is committed to conducting the licensing round in a fair, competitive and transparent manner and ensuring a level playing field for both indigenous and international investors,” said Gbenga Komolafe, head of […]

Africa Headlines International

Drones in Africa: cheap UAV proliferation changes warfare and fuels surge in deaths

Across Africa, a flood of cheap imported drones is fueling conflicts, filling the skies with new dangers, making the warfare deadlier and more indiscriminate, thus increasing civilian casualties. Thanks to the proliferation of easy-to-obtain drones, by some estimates, thousands of African civilians have been killed by the so-called unmanned aerial vehicles (UAVs) in the past […]

Africa Europe Headlines International

Nigerian intellectuals warn Tinubu’s govt against hosting US, French military bases

Several prominent Nigerian intellectuals have sent an open letter to the country’s president and the National Assembly, urging them to tread with maximum caution over an alleged signing of a defense pact with the United States and France to establish their military bases in the West African country. The coalition, without providing evidence, accused Washington […]

Africa Energy Headlines International

Nigeria struggles with gasoline shortage despite refinery investments

Nigeria’s underperforming refineries are not able to meet the rising demand on gasoline in the most populous African countries where queues are becoming longer in gas stations. The shortage sent prices skyrocketing which further erodes the purchasing power of most of the population as the prices of transport surge. The long waiting hours are causing […]

Africa Emerging Markets Finance International

Nigeria targets $2bln World Bank loan

Africa’s most populous nation is eying a $2 billion World Bank loan to help address pressing challenges and back up hard currency reserves, the government said. The country qualifies for the financing and has the support of other regional banks such as the African Development Bank, Nigerian finance minister Wale Edun said on the sidelines […]