In line with the launch of the practical stage of the village territories delineation operation in the Western part of Cote d’Ivoire, advising firm specialized in topography and land (CETIF) has initiated a sensitization campaign in the Guémon, Cavally and Tonkpi regions. This was reported by the Ivorian press agency (AIP). The operation should result in the delineation of 950 village...

The Central Bank of Nigeria (CBN) on Monday revealed plans to offer $150 million in currency forwards. This is to be settled within 60 days, according to currency traders. CBN has been selling dollars on the FOREX market so as to reduce the gap between the official and black market exchange rates. The naira was sold at 395 to the dollar on the black market on Monday compared to the...

The World Bank has called on Nigeria to protect its remaining rainforests in Cross River State as part of the global effort to reduce climate change. The call is coming a week after President Muhammadu Buhari signed the Paris agreement on climate change. “Among the measures that Nigeria has pledged to take, is to play its part by contributing to climate change mitigation through the...

The Federal Government together with Shell and the Nigerian Agip Exploration Limited (NAE) are expected to sign the Final Investment Decision (FID) for the $13.5 billion ZabaZaba Deepwater project in Q2 of 2017. This is coming as NAE, at the beginning of this month started receiving bids for the development of the oil field which had been planned a few years ago, but was later postponed...

Oil tanker drivers in Nigeria have embarked on a nationwide strike over low wages and poor roads. The drivers, which commenced the strike on Monday, have threatened to stop supply until their requests are met. According to the chairman of the Petroleum Tanker Drivers Association (PTD), Salimon Oladiti, aside from low wages and poor quality of roads, the drivers are also protesting against...

Missouri American Energy, a leading United States modular refinery investor, has set aside $200 million to launch Nigeria’s first modular refinery with a production capacity of 20,000 barrels per day in Delta State. This was disclosed by the President of the company, Henry Iwenofu, while leading a delegation of top officials to Abuja. According to him, $200 million has been...

Tunisia’s State Secretary to Land Domains and Public Affairs, Mabrouk Korchid, announced last Thursday that the State recovered 14,000 hectares of agricultural lands which were illegally occupied by what he terms as “terrorists”. “The recovery of these lands follows reports regarding the matter sent by governors of the concerned regions”, Korchid indicated. Tunisia’s government...

In Morocco, the High Court of Casablanca condemned on March 28th, Karim Abdelghni who was charged for forgery of documents used in the spoliation of two plots of lands in the Maârif area. The accused received a 12-years prison sentence, L’Economiste reported. Though it might seem severe, the condemnation intervenes in a particular context. Indeed, Morocco’s King, Mohammed VI, has recently...

Mauritius’s economy should expand by 3.8% in 2017, against 3.5% in 2016. This was announced last Thursday by the National Statistics Institute of the country. The performance will mainly, according to the office, be driven by a boost in the manufacturing and construction sectors. According to the agency’s forecast, manufacturing production in Mauritius should rise 1.1% this year, in...

Shell Petroleum Development Company (SPDC) on Friday announced that it has shut down the Nembe Creek Trunk Line which exports Bonny Light crude oil, one of Nigeria’s crude oil grade. According to the Managing Director of SPDC, Osagie Okunbor (photo), the company is working to “remove a significant number of oil theft connections and repair any leaks on pipeline”. “SPDC will work with...