Africa Energy Headlines International

Leaked documents reveal systemic failures in Nigerian oil-spill cleanup

A satellite image captured above Nigeria’s Niger Delta in 2021 revealed a swath of barren land near Port Harcourt—once lush farmland, now rendered unusable. This site was on a cleanup list maintained by the United Nations Environment Programme (UNEP), which aimed to restore lands scarred by thousands of oil spills. Instead, the site was left […]

Africa Europe Headlines International

Nigeria denies collaborating with terrorists or French military to destabilize Niger

Niger’s military government has accused its neighbor Nigeria of acting as a base for destabilizing actions by terrorist groups or French military and of being implicated in sabotaging its pipeline. Relations between Niger and neighboring Nigeria have soured after the former’s foreign minister, Bakary Yaou Sangare, summoned the Nigerian embassy’s chargé d’affaires, accusing his country […]

Africa Community International

Nearly 800 suspects arrested in Nigeria’s largest cybercrime raid

Some 792 people, including many foreign nationals, have been arrested in Nigeria as part of a sweeping raid on a crypto ring that has reportedly been involved in a sophisticated fraud operation targeting victims worldwide with false cryptocurrency schemes and romantic scams. Many of the nearly 800 suspects taken into custody from the site in […]

Africa Business Emerging Markets Headlines International

Côte d’Ivoire, Nigeria to build super costal highway

Côte d’Ivoire and Nigeria have revived talks for a regional highway that will link the two countries, boosting the movement of people and goods. The project is being discussed at an ECOWAS summit dominated by political issues and divisions with landlocked states. Construction of the highway is expected to start in 2026 for a total […]

Africa Emerging Markets Energy Europe Headlines International

German President visits Nigeria, focus on energy cooperation

German President Frank-Walter Steinmeier met with his Nigerian counterpart Bola Ahmed Tinubu in Abuja, the capital of Africa’s most populous country, on Wednesday, December 11, where he is on a two-day visit. Talks discussed partnership between the two countries, with focus on energy cooperation. “We have with Nigeria one of the longest energy partnerships that […]

Africa Comments Emerging Markets Headlines International

Inflation-hit Nigeria to criminalize corn exports to meet local needs

Nigeria’s senate plans to pass legislation to criminalize the export of corn amid concerns over hunger and rising staple prices in Africa’s most populous nation. Nigeria has been grappling with a worsening food inflation which surged to 39.16% in October this year. This inflation has been exacerbated by climate conditions, currency devaluation and the removal […]

Blogs Community Energy

COP29: Africa outraged by ‘insufficient’ $300bn climate change deal

African and other developing nations have rejected as “insufficient” a $300 billion deal on climate finance that was agreed by negotiators at the United Nations’s COP29 climate talks in Baku, Azerbaijan, to help developing nations adapt to climate change. Richer nations agreed to pay at least $300 billion annually until 2035 to help developing countries […]

Africa International

Nigerian security forces face major insurgent attack along power grid route

At least 50 Boko Haram insurgents were killed during an ambush on a Nigerian infrastructure security convoy, while seven officers from the Civil Defense Corps remain missing. The incident occurred during a routine patrol monitoring power grid installations, highlighting ongoing security challenges in the region. The attack, involving approximately 200 Boko Haram fighters, demonstrated the […]

Africa Finance Headlines International

Nigeria’s inflation nears 40% on back of higher food prices

Higher food prices triggered a surge in the inflation rate to 33.9% in Nigeria in October, up from 32.7% a month earlier, the national statistics agency said. The jump was attributed to a steep rise in the prices of staples such as maize, rice, and cooking oil, the agency said. In a bid to tame […]

Business Features Finance

Nigeria secures $134 million loan for agriculture

The Nigerian Government has secured a $134 million loan from the African Development Bank (AfDB) to strengthen its agricultural sector amid growing food insecurity concerns. This funding aims to increase seed and grain production and improve food security, according to a statement of the Agriculture ministry on November 14. A recent “Harmonized Framework” report, prepared […]