Nigeria
Nigeria clears $18.2bn in oil and gas field development plans to lift output
The $18.2bn worth of approvals mark among the largest investment commitments in Nigeria's O&G sector since the 2021 Petroleum Industry Act (PIA) was adopted, underpinning the target to raise crude capacity above 3mn bpd.
Nigerian president advances oil bill placing NNPCL under control of Finance Ministry, upstream regulator
President Bola Tinubu has endorsed a bill that would undermine the "independence" of NNPCL, shifting ownership to the Finance Ministry and handing new powers to upstream regulator NUPRC.
Extreme poverty falling steadily – OWID
To track progress towards ending extreme poverty, the United Nations relies on World Bank estimates of the number of people living below a poverty threshold called the “International Poverty Line” (IPL), Our World in Data (OWID) reports.
Oil majors face $4.4bn in liabilities under Nigeria's tightened decommissioning rules, says NUPRC chief
Nigeria’s upstream regulator has cleared 94 oilfield decommissioning plans worth $4.42bn since April 2023, arising from all FDPs submitted in that period, the NUPRC chief said, underscoring tightened rules to safeguard state finances.
Nigeria targets 32% rise in daily gas output by 2030, minister says
Nigeria aims to produce 10bn standard cubic feet of gas per day (BSCFD) by 2030, Finance Minister Wale Edun confirmed during a meeting with Nigeria LNG (NLNG) executives in Abuja to discuss related investment, reform and supply challenges.
UK-based energy think tank Ember reports record growth in solar panel imports across Africa
Imports of solar panels from China into Africa have surged dramatically over the past year, pointing to the start of a transformation in how the continent generates electricity.
Japan denies giving away city to Tanzania amid immigration panic
Japan’s government quickly dispelled claims that it was handing over control of a city to Tanzania, after misinformation surrounding a cultural exchange programme triggered a xenophobic backlash.
Nigeria’s crude pipeline and terminal receipts near 100% amid tightened security against oil theft
Nigeria’s state oil company chief says crude oil receipts at pipelines and export terminals are now “close to 100%,” a significant recovery from previous levels as low as 30% during a period of widespread theft in the Niger Delta.
US EPA’s controversial Climate Crisis report is full of lies and mistakes
The US Environmental Protection Agency (EPA) released a controversial report in July claiming the effects of the Climate Crisis were overblown. A fact check by Carbon Brief found it is full of lies and errors.
Mapping global drought risk - Statista
By 2050, more than 1.6bn people, including almost 20% of the African population, will be exposed to severe and extreme droughts, if a pessimistic scenario plays out, according to a report by INFORM Climate Change.
Forest carbon credits are facing a reckoning over albedo risks
Planting trees should reduce the amount of CO₂ in the atmosphere right? Well, its not so easy as that. Trees also provide shade and prevent sunlight from reaching the ground that could reflect it back into space, cooling the plant.
Nigeria leads Africa in stablecoin transactions with nearly $22bn recorded, says Yellow Card
In Sub-Saharan Africa, stablecoins now represent 43% of all cryptocurrency transaction volumes. Yellow Card says Nigeria accounted for the bulk of it, ahead of South Africa, Kenya and Ghana.
More than 20 African countries exploring potential of nuclear energy – IAEA report
African countries are working to expand electricity access and production, with many turning to nuclear power to boost energy security, cut emissions, and improve reliability and sustainability.
Has Turkey entered “arms race” with Saudi Arabia for football prestige?
Galatasaray’s €75mn deal for striker Osimhen latest example of debt-ridden top Turkish clubs paying out mega bucks for players.
Nigeria-Morocco Gas Pipeline project advances towards construction phase
The $25bn Nigeria-Morocco Gas Pipeline (NMGP) project is nearing the start of its construction phase. The 6,000-kilometre infrastructure initiative has gained momentum following high-level meetings in Rabat in July.
US DoE muddies the ClimateCrisis waters with report downplaying the emissions problem
As part of the Trump administration’s attempts to take the Climate Crisis off the agenda, the US Department of Energy has released a report downplaying the impact of fossil fuels on global warming.
No end to world hunger by 2030 – Statista
2024 saw some progress in the fight against world hunger after the number of undernourished people rose once again between 2017 and 2021 due to global crises such as the Covid-19 pandemic.
IMF corrects growth forecast upwards – Statista
Despite uncertain market conditions amid the Trump administration's tariff regime and major global conflicts, the International Monetary Fund has upped its global economic growth forecasts for 2025 and 2026 slightly, Statista reported on July 30.
IPCC releases dire sixth climate update in run-up to COP30
“Any further delay in global action to slow climate change and adapt to its impacts will miss a brief and rapidly closing window of opportunity to secure a liveable and sustainable future for all”.
USAID funding cuts have disrupted crucial Demographic and Health Surveys in 23 countries, says OWID
Demographic and Health Surveys that provided crucial data on health, mortality and development in many lower- and middle-income countries were funded by USAID, but are no more.