Shortly after indications grew that Saudi Arabia had increased its production of crude oil in response to a call to the same effect by US President Donald Trump, concerns are reportedly surfacing in the kingdom that the taps may have been turned open too quickly. The Independent in a report quoted unnamed sources as saying […]
Author: Isaac Umunna
Global climate goals threatened by dip in renewable energy investments – IEA
By the end of last year, renewable energy investments declined by its largest amount ever and are likely to keep falling this year. It fell to $298bn in 2017 from $318bn in 2016, according to the International Energy Agency, IEA. This fall threatens global climate goals. The figures showed that capital spending in renewable energy […]
Oil prices are continuing to rise — here’s why
Oil prices go up when there is potential trouble in one of the energy producing regions of the world, even if the trouble never actually happens. And when oil prices rise, so too do gasoline prices. And when the trouble abates, gasoline producers and sellers have no incentive to lower prices quickly. Would you lower […]
Nigeria to probe case of stranded Nigerians in Russia
Nigeria has resolved to investigate suspected human trafficking in the case of the 155 Nigerian football fans that got stranded in Russia after the World Cup tournament. Minister of Foreign Affairs, Geoffrey Onyeama, revealed the plan to probe the incident at the Nnamdi Azikiwe International Airport, Abuja where he received the returnees. The stranded Nigerians, […]
Barbecues to blame for ‘alarming’ tree felling rate in Nigeria
Nigeria has one of the highest deforestation rates in the world and conservationists say the charcoal industry is fuelling the problem, as demand for charcoal grows internationally. Last year the country imported more than 10,000 tonnes of charcoal from Nigeria, according to UN figures. “Deforestation in the country is alarming and disheartening for some of […]
Chinese leader arrives for Africa visit as US interest wanes
Chinese President Xi Jinping is arriving in Africa on a four-nation visit seeking deeper military and economic ties while his rival in a bitter trade war, the Trump administration, shows little interest in the continent. This is Xi’s first trip abroad since he was appointed to a second term in March with term limits removed, […]
African countries need to work out how to attract their foreign-born soccer talent
A number of African countries must be wondering “what could have been” if they were able to field several of the players who starred for champions France and third placed Belgium at the 2018 World Cup tournament. The top talents for Belgium include Romelu Lukaku (parents from Democratic Republic of Congo), Mousa Dembélé (father from […]
Dangote thinks Donald Trump is onto something with higher tariffs
Africa richest man, Aliko Dangote may not agree with President Donald Trump that higher tariffs would be good for the United States, but the Nigerian businessman thinks they could work for his own country. “If you look at what President Trump is doing right now—not that I agree with what he is doing because they […]
Stanbic IBTC wins 5 HC awards, reaffirmed as leading employer brand
Stanbic IBTC’s status as a leading employer brand has again been reaffirmed as the financial institution won an unprecedented five of nine awards at the HR People Magazine Awards 2018 held recently in Lagos. The five awards won by Stanbic IBTC are: Best Training, Learning & Development Strategy 2017; Outstanding Employee Engagement Strategy 2017; Employer of Choice 2017 […]
Nigeria flying home 152 citizens stranded in Russia after World Cup
Nigeria has made arrangements for 152 of its citizens who were stranded in Russia following the end of the soccer World Cup to be flown home, a foreign affairs spokesman said on Friday. The month-long tournament, which attracted fans from all over the world, ended on Sunday with a victory for France. Nigeria’s government said […]