A report on the state of Lagos housing market has revealed that over 84 per cent of the city’s coastline has receded over the past 50 years due to a combination of unchecked coastal erosion, rising sea levels, and human activities. According to the recent report, Lagos is grappling with climate-induced challenges, particularly coastal erosion,...
Category: News
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OPEC+ speeds up oil output hikes, adds 548,000 bpd in August
By Alex Lawler, Maha El Dahan, Olesya Astakhova and Ahmad Ghaddar LONDON, July 5 (Reuters) – OPEC+ agreed on Saturday to raise production by 548,000 barrels per day in August, further accelerating output increases at its first meeting since oil prices jumped – and then retreated – following Israeli and U.S. attacks on Iran. The group, which pumps about half...
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Ghana Declares Commerciality of Offshore Eban-Akoma Oil Discoveries
The Government of Ghana has officially declared significant commerciality for the Eban-Akoma oil and gas discoveries located within the Cape Three Points Block 4 (CTP-B4). This announcement follows the successful completion of the Eban-Akoma Appraisal Program, conducted in line with the Petroleum (Exploration and Production) Act, 2016 (Act 919), and the CTP-B4 Petroleum Agreement. In...
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Iran enacts law suspending cooperation with UN nuclear watchdog
uly 2 (Reuters) – Iranian President Masoud Pezeshkian put into effect on Wednesday a law passed by parliament last week to suspend cooperation with the U.N. nuclear watchdog, the International Atomic Energy Agency, a move the United States called “unacceptable.” Iran has accused the IAEA of siding with Western countries and providing a justification for Israel’s air...
What does Power of US mean for China’s Economy
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