Nigeria’s oil reforms, impact of delayed PIG bill
20 April 2019 | 8:22 am
Nigeria has been on a long and arduous journey to reform its oil and gas space, as moves to drive the reforms have faced several setbacks. Gbenga Biobaku, Senior Partner at Gbenga Biobaku and Co joins CNBC Africa to discuss this and the implications of the delayed PIG bill.
The benchmark price for natural gas in Europe continued to rise in early trading on Wednesday, after spiking by 18 percent on Tuesday. The move comes after Germany's energy regulator temporarily suspended certification for the Nord Stream 2 gas pipeline that would link the country to Russia. Gas supplies in Europe have been under pressure for months, with prices rising sharply for consumers since the summer. Also, we look why factories in China are experiencing a shortage of workers.
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Police fired tear gas at protesters as they burned tires and ransacked a government building in Ouagadougou. Citizens of the capital of Burkina Faso are upset about jihadist violence and a recent attack.
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.
Thousands of Sudanese protest across the country in a show of anger over a government deal that reinstated the prime minister but gave the military majority control. Also, Gambia's president wins re-election, but the opposition is crying foul. One competitor has since accepted the result, but two others are refusing to. Finally, protesters take to South African beaches in opposition to oil and gas exploration by energy giant Shell. Activists say the project endangers marine animals and tourism.
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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.
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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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