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SPECIAL REPORT: Fraud allegations, unremitted loans, crop failure, other anomalies dog Nigerian govt’s “rice revolution”

SPECIAL REPORT: Fraud allegations, unremitted loans, crop failure, other anomalies dog Nigerian govt’s “rice revolution”

SPEAKING to a packed audience at the 10th Bola Tinubu Colloquium, an annual conference held to mark the birthday of Mr Tinubu, the national leader of the ruling All Progressives Congress (APC), in Lagos in March, Vice President Yemi Osinbajo said agriculture was at the core of the government’s economic policy. He said his boss,

Trump’s Bizarre Bid to Bailout Coal and Nuclear

The Trump administration is pulling out all the stops to give a leg up to coal and nuclear, moving to take unprecedented action to intervene in the U.S. electricity markets to essentially bail out failing plants as they face an existential threat from natural gas and renewable energy. For more than a year, the Trump

OPEC’s Dilemma: Demand Destruction Or Production Boost

The early signs of discontent and demand destruction could be forcing OPEC’s hand, but increasing production carries its own risks. OPEC and Russia are considering raising oil production in a few weeks’ time, and while much of the focus has (rightly) been on the supply outages in Venezuela and the potential for disruptions in Iran,

Shell Makes Large Deepwater Discovery In Gulf Of Mexico

Shell has made a large deepwater exploration discovery in the U.S. Gulf of Mexico, just 13 miles from its Appomattox project that is expected to start production by the end of 2019, the oil major said on Thursday. The Dover discovery is Shell’s sixth in the Norphlet geologic play in the U.S. Gulf of Mexico,

A New Energy Storage Solution Debuts in the Railway Sector

Battery technologies are all the craze these days as everyone is racing to find the perfect solution to energy storage for the growing share of solar and wind power in the grid. But energy storage solutions are also making forays into the railways industry where batteries can help stabilize the railway electricity grid. One new

The World’s Emerging Oil Storage Hub

A natural harbor to the northwest of Cape Town keeps a secret that oil tracking professionals are still trying to uncover. The secret is exactly how much oil is in storage at any given moment at the Saldanha Bay array of tanks that can hold up to 45 million barrels. The reason this remains largely

World’s Largest Metals Exchange Takes Aim at Booming EV Market

Demand for metals used in Li-ion batteries has been surging, thanks to a booming electrical vehicle, or EV, industry as well as rapid growth in the global electronics industry. And now it’s about to get easier to place your bets on these booming metals. The London Metal Exchange (LME), the world’s largest metals exchange with

Smarter, leaner, greener

In the future, humanity will make much smarter use of energy. With significant energy intensity improvements, global energy use will level off even as the population continues to increase. An example of how the average energy use per person will reduce is shown by the following: The average European consumed 135 Gigajoules of energy per

NASS Threatens Buhari With Invocation Of Constitutional Powers

THE National Assembly has vowed to “evoke its constitutional powers” if President Muhammadu Buhari does not address resolutions arrived at during its joint closed-door session held on Tuesday. This was revealed via the official handle of the Nigerian Senate (@NGRSenate), following the emergency session that lasted over four hours. The session made a total of