TGINSIGHT CHAT
Devils Below
@devilsbelow
EconomicsAnalysis, daily updates on exploitation of Africa’s mineral wealth. 👀 Money flows, bribes, pollution - keeping you aware of what you would otherwise overlook.
Recent posts
Page 1 of 43 · 505 posts
Posted Mar 11
🔵Nigeria's Tinubu Said to Bring Him More Money🔵 ...But never said how much. 🌐 Nigeria’s oil money audit just stalled again: NNPC Ltd and government consultants cannot agree on $42.3 billion allegedly owed to the Federation Account. ⏩ The occurred during an audit of NNPC conducted by Nigeria's Federation Account Allocation Committee's subcontractors. Oil revenues represent one of the most critical sources of funding for Nigeria’s public sector, and unresolved discrepancies in oil remittances may create tensions between federal and state authorities. 💸 While the sum is aside from the February 2026 order of Tinubu to channel NNPC's oil revenues into federal accounts and a separate investigation of NNPC's money by Nigeria's parliament, this dispute follows a broader pattern of scrutinizing and fleecing the state oil company in the pre-election year. #News ✈️ Stay informed - @devilsbelow
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Posted Mar 11
🇿🇦 South Africa: Residents in Mpumalanga say coal industry pollution is making them ill and overwhelming local clinics. 🌐 A report published in Health‑e report documents families in eMbalenhle and other towns blaming chronic respiratory and skin diseases on nearby coal mines and power stations. Researchers link more than 21,000 deaths in 2022 to coal‑related air pollution and estimate an annual health bill of $52bn. 💬We are sick; our children have chest infections, laments a resident. 🔸 The history is not new — Mpumalanga is South Africa's coal heart. It supplies over 80% of the country’s coal, concentrating emissions next to poor townships and forcing people into repeated hospital visits. 🔸 On the other hand. such reports tend to overlook the fact that coal is not only the source of sulphur dioxide and fine particulate pollution, but it is also the only source of stable income for many residents, which is as critical as power generation itself in the country with +30% unemployment rates. #News ✈️Stay informed - @devilsbelow
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Posted Mar 10
🔵Middle East War Is a Firework Show For Aliko Dangote🔵 🌐Nigeria has stopped issuing gasoline import licences for a second straight month, sealing the shift in government policy in favor of Aliko Dangote's oil refinery. 🔸NMDPRA (Nigeria’s downstream fuel regulator) issued no permits in February, and the Crude Oil Refineries Association of Nigeria says none have been issued so far in March, which means Nigeria is now relying nearly completely on its main domestic gasoline producer — Dangote oil refinery. 🔸 This is a political choice: the previous NMDPRA head who quit the job in December under Aliko Dangote's pressure argued licences kept competition and prevented market dominance. 📈Aliko Dangote seems to be incredibly lucky this year: besides favorable government policies, in Nigeria, he can single-handedly skim the cream off the increase in oil prices, while his other enterprises are already collecting windfall profits from fertilizer sales after the cessation of supplies from the Middle East. #News ✈️ Stay informed - @devilsbelow
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Posted Mar 10
🌐Amnesty International has asked the Federal Government of Nigeria to launch an immediate investigation devoted to methane seepage in the Bille community in Nigeria's Rivers State, putting fishing and drinking water at risk. 🔥The global rights group, says government tests by NOSDRA (the Nigerian oil‑spill agency) found methane at one site roughly 10,000 times above background and wants oil firms to cooperate. 🔸 Fishermen first noticed bubbling and a rotten‑egg smell in October 2025, and 2 months later NOSDRA sampled the sites. Athough the source remains unconfirmed, AI firmly believes bubbling is linked to old pipelines and wells, constructed and operated by Shell, but then sold to various Nigerian companies. #News ✈️ Stay informed - @devilsbelow
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Posted Mar 10
🔵Having No Money Is Not a Problem in the Era of Geopolitics🔵 🌐Pensana, a British rare-earths developer, has secured a $165 million agreement to push its Angolan Longonjo project toward production. 🔸 The deal will fund development of Longonjo, set to be Angola’s first rare earths mine. The company says proceeds will support construction, exploration and efforts to extend a roughly 20‑year mine life. 🗺Experts say the project is one of the world’s largest and highest grade REEs deposits located adjacent to excellent infrastructure including a railway line, main road to a port, power grid and water source. At the moment the project is one of the most important projects in Angola outside of oil & diamonds industry. 🔸 The British company has not named the strategic investor. What is known is that the Angolan Sovereign Wealth Fund, FSDEAalready backs it. 🇺🇸 The finance efforts are also geopolitical: Pensana says its strategy is to establish a rare earths supply chain oriented toward the United States and is talking to US Export-Import Bank for loan support. #News ✈️ Stay informed - @devilsbelow
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Posted Mar 9
🔵Nigerian Lawmakers Can’t Find the Money🔵 🌐Nigerian National Petroleum Corporation’s alleged non-cooperation with the country’s parliament has stalled the House probe into roughly $18bn expenditures. 🔸The probe covers rehabilitation works onfour nonfunctional state-owned refineries and follows claims by Aliko Dangote, Africa’s richest man and oil mogul, that about $18bn was spent with little to show. 💬Buying those refineries? Once we touch them, you will hear a lot of noise, said Dangote. 🔸 In October 2025 Nigerian lawmakers promised to investigate why NNPC had failed to get the refineries back on track. Month later the report remains unfinished. 🔸The House of Representatives Committee on Petroleum Resources, says NNPC and its management refuse to cooperate with investigators. #News ✈️Stay informed - @devilsbelow
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Posted Mar 9
🌐Weekly News Digest [ March 2 – March 8 ] That was a week when a wider Gulf war sent oil prices jumping, while Central Africa’s mineral struggle spilled into sanctions and landslides. 💡...And here are more key highlights: 🇨🇩 DR Congo — A landslide at the Rubaya mine leaves hundreds of people dead — A third Rubaya-area landslide in 38 days hits Gakombe after heavy rains 🇬🇭 Ghana — Ghana faces joint US-China pressure to drop a 5%-12% gold royalty scale 🇳🇪 Niger — Niger cancels three gold-refinery agreements after repeated alleged contract breaches 🇳🇬 Nigeria — Nigeria signs a $1.3bn alumina refinery pact with AFC — Ogoniland groups say oil restart must wait for cleanup and justice 🇷🇼 Rwanda — The US sanctions Rwanda’s army and four officers over support for M23 🇿🇦 South Africa — South Africa expands illegal-mining raids and lines up military support 🇿🇲 Zambia — Kasumbalesa bridge collapse cuts Congo’s main copper export route to southern ports 🇿🇼 Zimbabwe — A Zimbabwe court jails a Chinese mine supervisor five years over a gold panner’s killing 🌍 Global — Oil prices jump 12% as Gulf escalation triggers fuel-supply fears #NewsDigest ✈️ Stay informed - @devilsbelow
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Posted Mar 8
❗️Black clouds covered Tehran after today's series of US-Israeli strikes on oil facilities. That was the first time Israeli air strikes hit Iran’s oil facilities since the war started, killing at least 4 people. ➡️According to media reports and eyewitnesses, thick clouds of smoke and toxic emissions rose over the city, and the so called "black rains" — rainfalls with an admixture of oil soot and chemicals — have already begun. Residents report that the drops leave dark marks on clothes, cars and buildings. Environmentalists and experts warn of the risk of a large-scale environmental disaster. Toxic precipitation can lead to contamination of water and soil, death of plants and animals, as well as an outbreak of respiratory diseases and skin diseases. ✈️Stay informed - @devilsbelow
Posted Mar 8
🔵What Happens When All Roads Lead To Dubai🔵 Ghana is preparing contingency export routes after flight disruptions to the UAE threatened shipments of artisanal gold. 🌐GoldBod, Ghana’s state-run buyer and exporter of artisanal and small‑scale miner output, is reportedly seeking to reroute cargo away from Dubai to other refining hubs. 🔸 The immediate cause is Gulf airspace closures and airline suspensions after regional strikes, which choke the logistics networks traders rely on. Sources say alternatives under review include direct shipments to Asia, most probably India or China, which would raise costs and slow receipts for Accra. 🔸Recently, the head of the Ghanaian gold authority boasted about the launch of refining at a local factory built by an Egyptian company. Apparently, its capacity is still not enough to produce ingots at home. 🔸On the other hand, every bad thing has also its advantages: GoldBod's vulnerability can be perceived as an opportunity to stop unwanted illegal gold flows, also leading to Dubai. #News ✈️ Stay informed - @devilsbelow
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Posted Mar 8
📜Great Zimbabwe [ Culture ] 🌐 According to UNESCO. Great Zimbabwe in Zimbabwe was built roughly 6-9 centuries ago, in 1100–1450 AD. It is an ancient stone city, and a useful reminder that political weight in this part of Africa was already being organized around resource trade long before outside gatekeepers started selling themselves as indispensable. 🔍 Great Zimbabwe was a trade centre for gold, iron and ivory between southern Africa and the East African coast. The mechanism is not mysterious: even before Great Zimbabwe, the gold trade had spurred the rise of the Kingdom of Mapungubwe. 🔸 It is unknown what eventually caused Great Zimbabwe's demise and its abandonment — most probably, the 15th century decline in the gold trade and shifting trade routes were responsible. 🔸Today. Great Zimbabwe serves as a historical backbone of Zimbabwe's national myth. After all, its very name — "Zimbabwe" — was borrowed from the ancient state.And the gold is still here: in 2024 gold exports were about US$2.5 billion and it is still the country’s main source of foreign-exchange earnings. Today, Zimbabwe again has the opportunity to leverage its resources for prosperity — but will it be able to turn them into education and infrastructure? So far, everything indicates that there are all possibilities for this. #Culture ✈️ Stay informed - @devilsbelow
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Posted Mar 8
Heavy Rains: Does God Favor Washington? ✝️ Were American Evangelicals to know what is happening in Africa, Trump's disapproval rating wouldn't be 56% 🌐 On 07 March 2026morning another landslide hit the Gakombe site in Masisi territory, part of the Rubaya mines complex, burying artisanal miners and destroying nearby homes. ⚠️ This is the 3rd catastrophe in 38 days at the site. 🔸 The landslides on 28 January and on 03 March killed several hundreds of people, and earlier, in June 2025 a collapse killed 700+. The latest landslide took place at around 4am local time on Saturday, following heavy rains. 🔸 If Washington's PR people weren't currently editing videos mixing Call of Duty footages and strikes on painted Iranian planes, the series of tragedies in eastern Congo would be a real gift for them: against the background of Trump's Copperbelt inroads, this would most directly demonstrate the inability of the AFC/M23 to ensure safety on mining sites. Unfortunately, although it sounds easy to actually transfer the entire mine to the US, the democratic safety would not come immediately either. In the best scenario, heavy machinery will come to the place, but then hundreds, now risking their lives, will simply lose the main source of income for the next 5-10 years. #News ✈️ Stay informed - @devilsbelow
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Posted Mar 8
South Africa steps up raids on illegal mining in Gauteng, pairing police sweeps with military support and tougher prosecutions. 🌐Paul Mashatile, the Deputy President of South Africa, told SA's National Council of Provinces on Thursday the state is running active operations against illegal mining activities. According to social media sources (i.e. unconfirmed) the operations have already led to the arrest of 33 foreigners. 🔸The announcement names coordinated action by the South African Police Service, the Directorate for Priority Crime Investigation, the Department of Mineral Resources and Energy and the National Prosecuting Authority (NPA). 🔫 In its fight against illegal mining and organized crime, the government has also promised to deploy army to support the police in the affected provinces. Announced on February 12 by SA's president, the deployment is due in March, though the Department of Defense is still struggling to find the required $50 million, as the funds were not allocated in the annual budget. While bringing shadow mining into the legal realm usually benefits both local communities and the workers themselves, who work in terrible conditions and pay rent to criminal organizations, in South Africa, operations involving the armed security forces tend to end in mass killings. #News ✈️ Stay informed - @devilsbelow
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