Inefficiencies in Nigeria’s oil & gas space
08 August 2017 | 2:30 pm
Nigeria has lost close to $60 billion to the non-enforcement of the terms of the Production Sharing Contracts signed between the Federal Government and the International oil companies since 1993.
A fact-checking media in Mali has identified false claims of child harvesting in Nigeria – so-called "baby factories". The claim that the images in question are recent is bogus, but a real phenomenon of child harvesting does exist in Nigeria. Also, a Canadian media dramatically claimed that the wife of Pfizer's CEO died due to the Covid-19 vaccine. In fact, she is alive and well.
The US has announced it will release 50 million barrels of oil from its strategic reserves, in coordination with several major consumer nations including China and India.
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has voted unanimously to retain the benchmark interest rate (MPR) at 11.5%, whilst keeping all other monetary parameters constant.
Three weeks after the Santa Barbara wellhead failed, it is still blasting water, gas and oil across Nembe in Nigeria's Delta, littering the shoreline and water with yellow-brown clumps of waste as cleanup crews and booms struggle to contain it. Santa Barbara wellhead owner Aiteo Eastern E&P, the petroleum minister and Nigeria's president have all promised that specialist workers would quickly stop the spill. But experts say the difficulties containing it are a reminder of how the once-fertile, fish-filled creeks, mangrove swamps and waterways that crisscross Nigeria's Delta became some of the most polluted areas on the planet amid decades of energy exploration.
Nigeria has the second largest film output in the world, but many filmmakers struggle with low budgets and barely make a profit. But streaming platforms are giving a boost to African films.
In October, the Central Bank of Nigeria launched the hugely-anticipated eNaira, joining the small league of countries to own their digital currency. But it hasn’t been smooth sailing for the currency that, according to the CBN, offers more possibilities. What do you think about the eNaira? How would you describe your experience with the eNaira app?
Oil giant Shell will pay a Nigerian community $111m (£80m) over an oil spill more than 50 years ago. A spokesman said the payment would mark the "full and final settlement" to the Ejama-Ebubu community over a spill during the 1967-70 Biafran War. The company has maintained that the damage was caused by third parties.
Here are a few reasons to pick up a copy of The Guardian on Wednesday.
Traditionally, growing avocados requires lots of water. But entrepreneurs in Nigeria are attempting to grow them in a new water-saving and sustainable way by using drip irrigation systems and recycling water.
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.
Here are a few reasons to pick up a copy of The Guardian on Thursday
On GirlZOffMute, we're in Nigeria with the nine-year-old, multi-talented artist Lisa Ebube Nnabuihe, aka Little Lisza. Apart from composing her own songs, she remixes those of famous Nigerian musicians. But which of her remixes is her favorite? And why does Lisa take such pride in her Igbo culture? Listen to what she told our teen reporter who is also a Hollywood star – Angel Onyi Unigwe.
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