British army starts fuel deliveries to ease energy crisis
05 October 2021 | 6:39 am
It's the UK's worst fuel crisis in decades, with images of motorists forming long lines at fuel stations to secure scarce supplies damaging government credibility.
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18 Feb 2022
Nigerians are trying to cope with a week-long shortage in petrol, as Africa's biggest economy struggles to end crippling fuel shortages. The shortage has led to long queues at petrol stations, a hike in transportation prices coupled with an economic downturn.
22 Feb 2022
Seventeen years ago, Spain’s socialist government decided to inject subsidies into renewable energy. As a result, thousands of Spanish families massively invested in photovoltaic energy. But, as you'll see in our report, the dream rapidly turned into a nightmare.
4 Mar 2022
In the midst of the fuel scarcity crisis, NNPC promised that over 2.3 billion liters of PMS would be delivered before the end of February 2022 to totally arrest the situation. That promise is yet to be fulfilled as Nigerians are left stranded, filling stations packed with long queues, and the pump price increase.
17 Mar 2022
Nigeria to hold second interest rate meeting of 2022 on the back of an upsurge in inflation and fragile growth. Persistent double-digit inflation could pile pressure on the central bank to reconsider its dovish stance on rates.
28 Mar 2022
The ongoing war in Ukraine is affecting the availability and prices of fuel in Nigeria, with many drivers now struggling to fill up their vehicles.
3 Apr 2022
Amid supermarket food rationing, a truck drivers' strike over petrol prices and rising inflation in Spain, the country's economy minister tells FRANCE 24 that it's "essential" for Madrid to be allowed to take measures to bring electricity prices down. "We're working with the Commission to have an authorisation to decouple our energy market and thus stop this price increase […] It doesn't make sense that Spanish and Portuguese citizens do not benefit from the fact that we have for instance at least 50 percent of our generation from renewables. This is very cheap and clean energy and our citizens should benefit from these low prices," Nadia Calviño explains.
6 Apr 2022
Kenya plans to pay subsidy arrears to fuel sellers this week amid shortages at the pumps. Like many developing economies, Kenya has been reeling with rapidly rising fuel prices, accelerated by the conflict in Ukraine.
14 Apr 2022
Lebanon plunges into darkness as fuel shortage prompts shutdown of two power stations. Lebanon's two biggest power stations shut down due to fuel shortage, leaving the country in complete darkness on Saturday, a government official told Reuters.
17 Apr 2022
Fuel shortages across Sri Lanka have prompted fuel rationing. For the seventh day in a row, protesters demonstrated in front of the president's office.
23 Apr 2022
As Germany looks to ditch Russian oil and gas for good, its domestic energy industry is a key side actor — but can it step up to the plate? We search for clues in the village where Germany's oil sector was born.
9 May 2022
A number of Nigerian airlines are halting domestic flights from Monday (May 9) until further notice, due to the high cost of fuel. Domestic flights have been disrupted since March as some operators started to cancel internal schedules while others delayed operations, citing scarcity of fuel.
15 May 2022
Last week, hackers tried to disable the servers of several German authorities and ministries. A Russian group claimed responsibility on Telegram. The Federal Police Office has reported an increase in cybercrime.
1 day ago
Remittance flows to Africa are a driver of recovery in the continent. Such transactions are still expensive but digital services are spurring on the market.
1 day ago
The US dollar dominates the world of international trade and has a leading position in global foreign reserves. But could the Chinese Yuan or cryptocurrencies pose a challenge? This edition of Business Beyond considers the pros and cons of having a single currency with so much power.
1 day ago
Jeff Woodke, an American aid worker who was held hostage by militants in Niger for more than six years, has been released, along with French journalist Olivier Dubois, who was kidnapped by militants in 2021 in neighboring Mali. Woodke and Dubois appeared together before reporters in Niger's capital Niamey on Monday.
1 day ago
The US human rights report has no immediate implications but supports calls for prosecuting allegations of war crimes, after finding all parties to the two-year war complicit.
1 day ago
The declassified materials are believed to point at links between the COVID outbreak and a Chinese laboratory. Biden vowed not to disclose information deemed harmful to national security.
1 day ago
With food and fuel prices soaring and a currency in freefall, many young Nigerians are worried they will never experience financial stability. But is the situation really hopeless? We ask young entrepreneurs and business owners in Abuja how they are securing their future against the odds.