West Africa

The Nigeria Customs Service, represented by its Comptroller General, Adewale Adeniyi, recently brought attention to an alarming and ongoing issue: the booming illicit fuel trade that continues to thrive in the country. This insight not only underscores a pressing economic challenge but also raises critical questions about the efficacy of policy changes aimed at curbing such illegal activities. During a recent performance review conference held in Abuja, Adeniyi provided a candid assessment of the current state of…

The Shift in Russia's Perspective on Aid to Africa In a thought-provoking shift, Russia has recently expressed its evolving stance concerning aid to Africa. Rather than promoting a model fraught with dependence, the Kremlin is advocating for a partnership built on mutual benefits—a refreshing departure from the traditional aid models that have often left African nations tethered to foreign benefactors. Is this real change, or merely a shift in rhetoric? With a world increasingly focused on…

In an exciting move to enhance its gas sector regulatory framework, the Nigerian Government has partnered with the United Kingdom's Office of Gas and Electricity Markets, also known as Ofgem. This collaboration marks a significant step forward, underscoring the importance of a robust regulatory environment in promoting sustainable growth within the nation’s energy landscape. The partnership was formalized during a high-profile meeting in London, which brought together Nigeria’s Minister of State for Petroleum Resources…

1. Martti Ahtisaari: The Global Visionary Peacemaker for Africa Martti Ahtisaari, former president of Finland and Nobel Peace Prize laureate, stands as a beacon of hope in the realm of global conflict resolution. His dedication to fostering stability, particularly across Africa, is not only commendable but also transformative. Ahtisaari's mediation efforts have played a pivotal role in Namibia's independence and in the peace processes of various other African nations. What sets his approach apart is his unwavering respect…

Nigeria’s SEC Issues Cautionary Notice to Influencers and Bloggers In the ever-evolving landscape of finance and investment, the Securities and Exchange Commission (SEC) of Nigeria has taken a decisive stand against the promotion of unregistered investment schemes. Recently, they sent a clear message to influencers, bloggers, and celebrities: refrain from endorsing these dubious ventures or face significant legal consequences. In a formal announcement made in Abuja, the SEC’s warning came on the heels of the recent…

Mogadishu (AX) — Recent reports indicate a significant shift in the dynamics of resource management in Somalia, particularly regarding its offshore oil and gas reserves. According to a comprehensive report from Nordic Monitor, Turkey stands to secure an astounding 90 percent of the revenue generated from these resources. This revelation raises several critical questions about the nature of international agreements and the potential ramifications for Somalia’s economic sovereignty. The full text of the agreement, which has…

In a significant move to strengthen the partnership cultivated through the Nigeria–South Africa Bi-National Commission, recently inaugurated by Presidents Bola Tinubu and Cyril Ramaphosa, the Ministers of Solid Minerals from both countries have taken a substantial step forward. They have signed a Memorandum of Understanding (MoU) that outlines fundamental areas of cooperation, complete with clear implementation timelines aimed at nurturing a more vibrant mining sector. During the bilateral meeting held in Abuja, Nigeria's…

Natural Gas: A Transitioning Energy Source for Africa Natural gas is rapidly solidifying its position as a crucial player in the global energy arena. As the world grapples with the urgency of sustainable energy, natural gas serves as an essential bridge—connecting traditional fossil fuels with cleaner renewable resources. But what does this mean for nations, particularly in Africa, where natural gas production might be lagging? In regions devoid of indigenous natural gas production, governments find themselves…

Fierce Clashes Erupt in Abooreey: A Strategic Struggle in Somalia’s Hiiraan Region Mogadishu (AX) — On Wednesday afternoon, the tranquil scenery of Abooreey, a village nestled in Somalia's Hiiraan region, erupted into chaos. Clashes broke out when local militia, known as the Macawiisley, launched a concerted attack against entrenched Al-Shabaab militants. This conflict, palpable even from a distance, has cast a spotlight on the ongoing battle for control in this culturally rich and strategically significant area. Aligned…

As of Tuesday, April 22, 2025, the price of the OPEC basket, which comprises twelve distinct crudes, reached $69.94 a barrel. This figure represents a slight increase from the previous day's price of $69.65, as calculated by the OPEC Secretariat. This subtle shift in pricing might seem trivial at first glance, but it serves as a telling reflection of the intricate dance between supply and demand in the global oil market. Is it possible that such fluctuations are merely the calm before a more turbulent storm? The oil…