Energy Headlines

Nigeria to build refinery with 100,000 liters per day capacity

Nigeria’s Gasoline Integrated International is planning to build a refining capacity of 100,000 liters per day and other petroleum products, for a total investment of 3 billion naira ($68 million), reports say. The project, according to Ogun State Governor Dapo Abiodun, is expected to produce 400,000 liters per day in the long run. The refinery […]

Comments Community Headlines

Torrential floods deepen food crisis in West, Central Africa amid climate emergency

An estimated 4 million people, many of them small subsistence farmers, in over a dozen countries in West and Central Africa that have seen their crops decimated by unusually heavy flooding. In northern Cameroon, for example, the latest floods have destroyed the harvest for this season, while nearly 1 million hectares of farmland across the […]

Business Finance

Nigeria’s naira plunges to record lows as citizens react to govt’s redesign plan

Nigeria’s currency, the naira, has dropped to a record low against the US dollar as Nigerians scramble to stockpile the greenback ahead of a redesign of naira notes. It has been just over a week since the Central Bank of Nigeria (CBN) announced its plan to redesign the country’s highest paper denominations – the 200-, […]

Headlines Maghreb Morocco

Defense of Sahara is based on political action and socio-economic and human development efforts, says King Mohammed VI

King Mohammed VI of Morocco delivered, on Sunday, a speech to the Nation on the occasion of the 47th anniversary of the glorious Green March. Here follows the full text of the Royal speech: “Praise be to God, May peace and blessings be upon the Prophet, His Kith and Kin Dear Citizens, The commemoration of […]

Business Finance

Emirates suspends flights to and from Nigeria over blocked funds

Dubai-based Emirates Airline suspended flights to and from Nigeria from October 29 over blocked funds, the airline’s spokesperson has confirmed, Zawya reports. “Emirates has continued to actively seek a solution for the repatriation of the remainder of its blocked funds in Nigeria. We were encouraged by the Central Bank of Nigeria’s efforts of reviewing our […]

Africa Asia Energy International

China’s Addax exits four Nigerian oil blocks as NNPCL inks asset transfer agreement

Sinopec’s Addax Petroleum Development (Nigeria) Ltd has exited four Nigeria oil blocks OMLs 123/124, 126/137 as the Nigerian National Petroleum Company (NNPC) Ltd on Tuesday (1 October) signed a Memorandum of Understanding (MoU) on the Transfer, Settlement and Exit Agreement (TSEA). Addax began operations in Nigeria in 1998 by signing Production Sharing Contracts (PSCs) with […]

Africa International

Equatorial Guinea launches purge against illegal migrants “ahead of November 20 elections”

Equatorial Guinea authorities have launched a nationwide campaign to expel illegal migrants ahead of November 20 general elections, Anadolu news agency has learned. “In accordance with the directives of the government” of Equatorial Guinea, “the security forces (…) have launched since October 20, vast operations of control and expulsion of foreigners in irregular situation,” Toundi […]

Americas Asia International

Africans still see China favorably, but prefer US as global superpower — survey

China is still seen favorably by many in Africa, where it is vying for influence with Washington, though, worldwide, support for Beijing has undergone a sharp decline, a new global public opinion survey of people in 25 countries has revealed. The survey by the Britain-based YouGov-Cambridge Globalism Project that asked people about their opinions on […]

Energy International

Nigeria: President calls for more investments in oil & gas

Nigeria’s President Muhammadu Buhari has urged local and foreign investors to inject money into the country’s oil and gas sector undergoing reforms, reports say. Speaking at the commissioning of Pinnacle Oil and Gas Limited’s Lekki Free Trade Zone Terminal in Lagos, the Nigerian President said that the operation of the new facility will lower the […]

Blogs Community

Terrorists to stage attack in Nigeria’s capital, Western embassies warn

The United States and other Western embassies on Monday (24 October) advised their citizens to limit travel to Nigeria because of an increased threat of terrorist attacks, although Nigerian authorities sought to reassure them. A note issued by the US embassy warning its citizens of “a high risk of terrorist attacks in Nigeria, particularly in […]