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Nigeria’s oil output rose in March, but the country is still struggling to meet its production target under the Organization of the Petroleum Exporting Countries, underlining persistent weaknesses in Africa’s biggest oil industry. OPEC’s latest monthly report showed Nigeria produced 1.38 million barrels per day (bpd) in March, up from 1.31 million […]
Seeking to diversify its revenue streams, Botswana has engaged in agreements with Oman to collaborate on mineral exploration, oil storage infrastructure, and renewable energy initiatives. These deals were secured by President Duma Boko during his three-day official visit to Oman. Botswana’s presidency, as seen on Reuters, noted that the visit was […]
Sustainability cannot be fully embedded in our lives and consciousness without intentionally curated brands that consistently remind us why it matters for the benefit of all. It becomes even more meaningful when young and vibrant Nigerians are stepping up to make both Nigeria and the world a more sustainable place. Waste may be inevitable, but […]
Gold prices edged higher on Tuesday, recovering from a near one-week low recorded in the previous session, as declining oil prices reduced inflation worries amid renewed hopes of U.S.-Iran peace talks. Spot gold climbed 0.6% to $4,768.19 per ounce as of 0237 GMT, after hitting its lowest level since April 7 on Monday. U.S. […]
Egypt is in discussions with China’s Henan Zhongfu Industrial to establish a $2 billion aluminium production complex in the Suez Canal Economic Zone, as part of efforts to expand industrial output and boost exports. The proposed facility will be located in East Port Said and will cover more than one million square metres, […]
South Africa’s energy sector is set for a historic shift as British oil major, Shell enters advanced negotiations to sell its downstream assets to Abu Dhabi National Oil Company (ADNOC). The deal, valued at approximately $1 billion, marks the end of an era for Shell, which has maintained a presence in the […]
Zimbabwe’s recent suspension of lithium exports is beginning to show cracks, as Chinese firms secure special quotas to resume shipments, highlighting Beijing’s growing dominance in Africa’s critical minerals sector. China’s Sichuan Yahua Industrial Group said it has obtained a six-month export quota for lithium concentrates from Zimbabwe, just two months after Harare halted […]
The Nigeria Extractive Industries Transparency Initiative (NEITI) has facilitated the recovery of $9 billion in unpaid liabilities from companies operating across Nigeria’s oil, gas, and mining sectors, strengthening government revenues. The Director of Energy and Mining at NEITI, Sa’ad Balarabe, disclosed this during a two-day stakeholders’ engagement for the 2024 Solid Minerals Industry […]
Ademola Lookman proved to be the difference-maker at the Riyadh Air Metropolitano on Tuesday night, as Atletico Madrid weathered a fierce Barcelona comeback to secure their place in the UEFA Champions League semi-finals. Despite a 2-1 defeat on the night, Diego Simeone’s side progressed 3-2 on aggregate, sparked by Lookman’s decisive first-half strike. The […]
Ousmane Dembele once again haunted Liverpool on the European stage, scoring twice in the second half to lead Paris Saint-Germain to a clinical 2-0 victory at Anfield. The result on Tuesday night completed a dominant 4-0 aggregate win for the defending champions, ending Arne Slot’s Champions League campaign with the Reds in disappointment. […]
