Equities extend gains: A look at Nigerian markets

The attack on the Mercer Street vessel off the coast of Oman is the latest escalation in an already fraught relationship between the two countries.

The attack on the Mercer Street vessel last week left two people dead. The ship is tied to a prominent Israeli billionaire, with Tel Aviv vowing retaliation.

Afghans are struggling to get cash with banks still closed following the Taliban's takeover of the country. "I've been coming to the bank for four days now but I can't get my own money," says one resident.

Italian oil company Eni announced a huge offshore find of oil and gas resources in Ivory Coast. The discovery comes after a $185 million (€156 million) investment in energy exploration by two foreign firms.

Norway's two-day election began Sunday, with many voters concerned about how the oil-rich nation can give up its addiction to fossil fuels. For some, being the world's fastest adopter of electric vehicles isn't enough.

Norway's two-day election began Sunday, with many voters concerned about how the oil-rich nation can give up its addiction to fossil fuels. For some, being the world's fastest adopter of electric vehicles isn't enough.

In Nigeria, the government has launched a drive to revive the country's once thriving palm oil business, part of a bid to diversify away from petroleum and help create jobs. But small-scale producers say that loans from the Central Bank of Nigeria are only going into the pockets of bigger factory owners.

An oil spill in Southern California closed beaches and led authorities to cancel the last day of the Pacific Air Show. At least 126,000 gallons (98,420 liters) of oil spilled off the coast of Orange County.

The massive oil spill from 480,000 liters leaking off the Orange County coast is slowly moving south, threatening marine-protected areas as well as popular beaches. On the coastline of South California, most beaches are closed, with efforts to clean areas impacted by the oil ongoing.

Nigeria's dependence on crude oil makes its economy vulnerable. But the transition to an economy not based on oil won't be easy.

Saudi Arabia is creating the "world's first tourism destination on offshore platforms" as part of a drive to diversify the economy away from oil. The Rig will be an oil-themed “extreme park” that will be sitting atop a converted oil rig in the Arabian Gulf.⁣

Africa's abundant sunshine is ideal for renewable energy production. But the continent relies heavily on crude oil. Experts warn that the economy will continue to suffer if governments don't wean themselves off of oil.