ReconAfrica Secures $13.2 Million in Oversubscribed Funding as Drilling Accelerates Across Africa
ReconAfrica Secures $13.2 Million in Oversubscribed Funding as Drilling Accelerates Across Africa Canadian explorer Reconnaissance Energy Africa has successfully upsized its public offering to C$18 million ($13.2 million) due to stronger-than-expected investor demand, representing an increase of C$8 million from initial plans. Strategic partner BW Energy Limited joined other investors in the oversubscribed offering. The […]
Egypt and Nigeria Forge Strategic Petroleum Partnership to Expand African Energy Cooperation
Egypt and Nigeria Forge Strategic Petroleum Partnership to Expand African Energy Cooperation The Egyptian General Petroleum Corporation (EGPC) and Nigerian National Petroleum Corporation (NNPC) have signed a groundbreaking agreement to expand cooperation and increase Egyptian petroleum companies’ involvement in Nigerian development projects. The agreement leverages Egyptian companies’ extensive experience operating across Africa, particularly the Egyptian […]
Libya’s Oil Revival: Production Hits 1.38 Million Barrels as International Giants Return for First Licensing Round in 17 Years Amid Global Trade Shift
Libya’s Oil Revival: Production Hits 1.38 Million Barrels as International Giants Return for First Licensing Round in 17 Years Amid Global Trade Shift Libya’s crude oil production has climbed to 1,388,330 barrels per day in the latest 24-hour period, marking a significant recovery for the North African nation’s energy sector. The National Oil Corporation (NOC) […]
Russia and Ukraine Trade Accusations Over Deadly Civilian Strikes as Zelenskyy Pushes Peace Plan at U.N.
Russia and Ukraine Trade Accusations Over Deadly Civilian Strikes as Zelenskyy Pushes Peace Plan at U.N. Drone attacks escalate ahead of key diplomatic week in New York. Russia and Ukraine accused each other on Monday, September 22, of carrying out drone strikes that killed civilians, intensifying tensions as Ukrainian President Volodymyr Zelenskyy prepared to press […]
Addis Ababa’s Drive to Become “Dubai of Africa” Displaces Thousands, Raises Fears of Cultural Loss
Addis Ababa’s Drive to Become “Dubai of Africa” Displaces Thousands, Raises Fears of Cultural Loss Urban redevelopment demolishes historic neighborhoods as city officials push for modernization. Ethiopia’s capital is in the middle of one of its biggest overhauls in decades, with sweeping redevelopment projects aimed at turning the city into a modern hub officials call […]
Basira Umar Appointed First Female Chief Registrar of Katsina High Court
Basira Umar Appointed First Female Chief Registrar of Katsina High Court Judicial Service Commission breaks gender barrier with historic appointment. History was made in Katsina State at the weekend as Dr. Basira Umar was appointed the new Chief Registrar of the High Court of Justice, becoming the first woman to hold the position since the […]
Nigerian Air Force Kills Over 25 Terrorists in Night Raids Across Borno, Yobe
Nigerian Air Force Kills Over 25 Terrorists in Night Raids Across Borno, Yobe Military says precision strikes targeted insurgent movements near Banki and Bula as counter-insurgency operations intensify. The Nigerian Air Force (NAF) has announced that more than 25 terrorists were killed in coordinated night airstrikes in Borno and Yobe states, as security forces intensified […]
Nigerian Stock Market Records ₦822bn Weekly Gain as Investors Re-enter Equities
Nigerian Stock Market Records ₦822bn Weekly Gain as Investors Re-enter Equities Banking, consumer goods and telecom stocks lead rally as market capitalization nears ₦90 trillion. The Nigerian Exchange (NGX) closed last week on a bullish note, with investors recording a ₦822 billion gain in market capitalization as renewed confidence drove fresh demand for equities. Data […]
Guinea Holds Referendum on New Constitution That Could Pave Way for Coup Leader to Run for President
Guinea Holds Referendum on New Constitution That Could Pave Way for Coup Leader to Run for President Draft extends presidential term, allows military figures to contest elections, and restricts opposition as critics warn of a democratic rollback. On Sunday, September 21, Guinea voted in a constitutional referendum that could change the country’s future by making […]
Chad’s Parliament Approves Scrapping of Presidential Term Limits Amid Opposition Outcry
Chad’s Parliament Approves Scrapping of Presidential Term Limits Amid Opposition Outcry Reforms extend term from five to seven years, allow indefinite re-election as critics warn of democratic backsliding. Chad has moved closer to abolishing presidential term limits after its National Assembly overwhelmingly approved sweeping constitutional reforms that extend the presidential mandate from five to seven […]