Nigeria's Oil Minister and OPEC president Kachikwu addresses a news conference after a meeting of OPEC oil ministers in Vienna

Nigeria, Libya move to raise oil output in 2018

Less than two weeks after the Organization of Petroleum Exporting Countries (OPEC)’s decision to extend oil production cuts, Libya and Nigeria, have indicated their intent to raise output in 2018. While several ministers at the November 30 meeting of the OPEC suggested the two nations had joined the output-curbing deal, both are working to add […]

Read More

Obasanjo condemns Libya slave trade, says it’s ‘dehumanizing’

Former President, Chief Olusegun Obasanjo yesterday condemned what he described as ‘dehumanising and undignifying’ slavery in the 21st century in Africa. Obasanjo, who was apparently referring to the resurgence of the slave trade in Libya, expressed concern that slavery had reared its ugly head. He said the trend deserves to be condemned “in the strongest […]

Read More

Nigerian migrant expresses relief after facing ‘hell’ in Libya camps

Nigerian migrants expressed relief as they arrived home on Tuesday from Libya, describing the “hell” of harsh conditions in detention camps where they had been held. African heads of state have condemned the treatment of undocumented migrants in Libya, including widespread violence and apparent slave trading. The 144 returnees who touched down late Tuesday, and […]

Read More

Between 400,000 and 700,000 African migrants lives under “inhuman” conditions in Libya

Between 400,000 and 700,000 African migrants are living in camps in Libya, often under “inhuman” conditions, the chairman of the African Union Commission said Thursday at the close of a summit of European and African leaders. Moussa Faki Mahamat stressed the urgency of removing the thousands of migrants, including women and children, from the camps […]

Read More

Over 200 Nigerian migrants stranded in Libya have been returned home

More than 200 Nigerian migrants stranded in Libya have been returned to their home country, Nigerian officials said. According to CNN, the 242 migrants landed at Lagos airport on a Libyan Airlines flight at around 9:00 pm local time (3:00pm ET) on Tuesday. Among them were women carrying children and at least one man in […]

Read More

Buhari speaks up on Libya slave-trade, reveals what his govt is doing

President Muhammadu Buhari, on Wednesday said there is nothing he can do for anyone who dares the desert and Mediterranean without documents to prove that they are Nigerians. He disclosed that the Federal Government was hoping to evacuate identified stranded Nigerians in Libya and other countries in order to bring them back to Nigeria and […]

Read More

Merkel: End smuggling and slavery, allow legal migration for Africans

German Chancellor Angela Merkel on Wednesday stressed the importance of ending smuggling and slavery while creating a legal route for Africans to come to Europe as she faces pressure at home to tackle a migrant influx. Speaking at an EU-Africa summit in Abidjan, Merkel is seeking to show Germany can take foreign policy action despite […]

Read More
Flags are seen at the 2016 International Air Transport Association (IATA) Annual General Meeting (AGM) and World Air Transport Summit in Dublin, Ireland June 1, 2016. REUTERS/Clodagh Kilcoyne

$1.2 bn airline revenue blocked in Nigeria, other African countries, – IATA

The global airline industry has $1.2 billion blocked in nine dollar-strapped African countries, the International Air Transport Association (IATA) said on Monday. The global commodities price crash that began in 2014 hit economies across Africa hard, particularly big resource exporters such as Angola and Nigeria. Low oil and mineral prices have reduced government revenue and […]

Read More

Oil up ahead of producer meeting; Nigeria, Libya output in focus

Oil prices inched up but held near a one-week low on Monday ahead of a joint OPEC and non-OPEC meeting later in the day that may address rising output in Nigeria and Libya. London Brent crude for September delivery was up 12 cents at $48.18 a barrel by 0651 GMT. The contract settled down $1.24, […]

Read More

Libya, Nigeria may attend OPEC, non-OPEC July meeting

Libyan and Nigerian officials may attend a joint meeting between OPEC and non-OPEC nations later this month as oil producers look for ways to cap rising production to help support oil prices. Both countries have boosted production since they were exempted from an OPEC-led deal to cut output, weighing on global prices. This has prompted […]

Read More

Oil rises towards $56 pb as Libyan field shutdown, Syria

Oil rose towards $56 a barrel on Monday, supported by another shutdown at Libya’s largest oilfield, tension over Syria following the U.S. missile strike and signs that an OPEC-led supply cut is helping to clear excess supplies. Libya’s Sharara oilfield was shut on Sunday after a group blocked a pipeline linking it to an oil […]

Read More

Tragedy on Mediterranean; migrants forced to sail at gunpoint

At least 110 migrants are feared drowned after they were forced at gunpoint to set sail from Libya, while many more may have died in a separate shipwreck, survivors said Thursday. “A vessel with around 140 people on board overturned Wednesday just a few hours after setting off from Libya, throwing everyone into the water. […]

Read More