General
Giraffes, Parrots, Seaweed, Others Risk Extinction—UN
By Adedapo Adesanya
The United Nations (UN) has said that around one million species are facing extinction, according to a report from IPBES, an independent intergovernmental science and policy body supported by the agency.
Among these threatened species are giraffes, parrots, and oak trees, as well as cacti and seaweed.
Seaweed is one of the planet’s great survivors, and relatives of some modern-day seaweed can be traced back some 1.6 billion years. Seaweed plays a vital role in marine ecosystems, providing habitats and food for marine lifeforms, while large varieties – such as kelp – act as underwater nurseries for fish. However, mechanical dredging, rising sea temperatures, and the building of coastal infrastructure are contributing to the decline of the species.
The world’s trees are threatened by various sources, including logging, deforestation for industry and agriculture, firewood for heating and cooking, and climate-related threats such as wildfires.
It has been estimated that 31 per cent of the world’s 430 types of oak are threatened with extinction, according to the International Union for Conservation of Nature (IUCN) Red List of threatened species and 41 per cent are of “conservation concern”, mainly due to deforestation for agriculture and fuel for cooking.
Giraffes are targeted for their meat, and suffer from the degradation of their habitat due to unsustainable wood harvesting, and increased demand for agricultural land; it’s estimated there are only around 600 West African giraffes left in the wild.
The UN noted that experts warn that the current biodiversity crisis will be exacerbated, with catastrophic results for humanity, unless humans interact with nature in a more sustainable way.
Mrs Susan Gardner, Director of the Ecosystems Division at the United Nations Environment Programme (UNEP) noted, “The IPBES report makes it abundantly clear that wild species are an indispensable source of food, shelter, and income for hundreds of millions around the world.
“Sustainable use is when biodiversity and ecosystem functioning are maintained while contributing to human well-being. By continuing to use these resources unsustainably, we are not just risking the loss and damage of these species’ populations; we are affecting our own health and well-being and that of the next generation.”
The report also illustrated the importance of indigenous people being able to secure tenure rights over their land, as they have long understood the value of wild species and have learned how to use them sustainably.
Examples of the kinds of transformative changes that are needed to reduce biodiversity loss include equitable distribution of costs and benefits, changes in social values, and effective governance systems.
Currently, governments around the world spend more than $500 billion every year in ways that harm biodiversity to support industries like fossil fuels, agriculture, and fisheries.
Experts say these funds should be repurposed to incentivize regenerative agriculture, sustainable food systems, and nature-positive innovations.
By Adedapo Adesanya
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has launched a mobile application designed to monitor fuel consumption patterns in real time across retail outlets nationwide.
The NMDPRA, established under the Petroleum Industry Act (PIA) 2021, is responsible for the technical and commercial regulation of Nigeria’s midstream and downstream petroleum operations. The deployment of the mobile application aligns with the authority’s broader efforts to leverage technology to improve regulatory compliance and strengthen accountability.
The pilot phase of the project began on August 1 in Abuja and its six Area Councils, the authority said in a statement published on X.
As part of the rollout, the Executive Director for Distribution Systems, Storage and Retailing Infrastructure (DSSRI), Mr Ogbugo Ukoha, led a team alongside officials from the Abuja Regional Office to assess the readiness and operational performance of the digital platform at participating retail outlets.
According to the NMDPRA, the application captures inventory and compliance data in real time, enabling regulators to monitor fuel distribution more effectively while improving operational efficiency across the sector.
The authority said the platform would generate reliable, data-driven insights to support evidence-based decision-making, strengthen national energy security planning and enhance transparency in the downstream petroleum industry.
It added that the initiative is expected to provide significant value to government, investors, operators and other stakeholders by improving access to accurate fuel consumption and compliance data.
Nigeria’s downstream petroleum sector has undergone significant changes since the deregulation of the petrol market and the removal of fuel subsidies, with regulators placing greater emphasis on data-driven supervision to ensure product availability, prevent supply disruptions and discourage sharp regional disparities in distribution.
By Modupe Gbadeyanka
No doubt, moving money among African markets remains a slow, fragmented process that relies on multiple intermediaries and prolonged settlement cycles.
To solve this issue and drive the development of stablecoin-enabled payment services for businesses across the continent, Onafriq has joined forces with a leading stablecoin infrastructure provider, Privy.
The collaboration will enable Onafriq to create and manage embedded digital asset solutions for its partners and, in time, institutional clients where regulation allows. The initial phase focuses on cross-chain stablecoin transfers and treasury and settlement workflows, creating the foundation for future cross-border payment and liquidity solutions.
Integrating Privy’s secure infrastructure enables Onafriq to build the capabilities required to support a new generation of efficient digital payment services for banks, fintechs, and mobile money operators.
This partnership is a key component of Onafriq’s broader strategy to modernise pan-African payment infrastructure, enabling secure multi-modal wallets and more efficient movement of value across the continent.
The outcome will support a range of future institutional use cases, including stablecoin-enabled settlement, treasury management and liquidity services, as it reflects Onafriq’s commitment to driving Africa’s digital transformation agenda by investing in technologies that make financial services more efficient, connected and accessible.
It was gathered that Onafriq selected Privy for its enterprise-grade infrastructure to enable the seamless integration of digital asset wallet capabilities into its products, subject to regulatory approval, and deliver a simple user experience while abstracting the complexity of blockchain technology.
“At Onafriq, we keep investing in technology that makes payments faster and more accessible. Privy gives us a building block for faster settlement and better liquidity management. As demand for digital asset services grows, our goal is to ensure Africa’s payment ecosystem benefits securely and in line with regulatory frameworks,” the Group Chief Product and Innovation Officer at Onafriq,” Mr Luke Kyohere, said.
The chief executive of Privy, Mr Henri Stern, said, “Stablecoins will play an increasingly important role in the future of global payments, but real-world adoption depends on infrastructure that is secure, scalable and simple to implement. Working with Onafriq allows us to help build that foundation across Africa and beyond.”
By Adedapo Adesanya
The Osun State Government has announced plans to institute legal action against the Economic and Financial Crimes Commission (EFCC), following an alleged freezing of the state’s bank account, describing the action as unlawful and capable of disrupting governance.
The Governor of the state, Mr Ademola Adeleke, through the state’s Attorney General and Commissioner for Justice, Mr Oluwole Jimi-Bada, made this disclosure on Wednesday.
According to the statement, Governor Adeleke has directed him to challenge the anti-graft agency’s decision at the Federal High Court.
It was widely reported that the anti-graft agency issued a “Post No Debit” directive to the management of First Bank, where the state’s accounts are domiciled, effectively restricting transactions.
He argued that while the commission has the authority to investigate financial records, it cannot freeze a state government’s accounts without first obtaining a court order.
“I have the mandate of the governor to proceed to the Federal High Court to challenge this move. EFCC can investigate the accounts, but it can’t freeze the accounts without an order of court.
“This step will affect government running, but we will challenge the move and ensure that the agency acts within the ambit of the law,” Mr Jimi-Bada said.
Also speaking, the Commissioner for Finance, Mr Sola Ogungbile, alleged that police officers stormed the main branch of First Bank in Osogbo and arrested some members of the bank’s staff.
Mr Ogungbile maintained that Governor Adeleke was not deploying state resources for his re-election campaign and urged the EFCC to consider the potential impact of its actions on public services and the welfare of residents.
Governor Adeleke had earlier raised concerns over an alleged plan by the EFCC to freeze all Osun State Government accounts, including those of senior government officials.
In a statement issued by the Commissioner for Information and Public Enlightenment, Mr Kolapo Alimi, the governor described the reported move as unlawful and politically motivated.
He alleged that the planned freezing of the accounts was intended to cripple government operations ahead of the August 15 governorship election.
Governor Adeleke further insisted that there was no legal justification for freezing the state’s accounts, arguing that the EFCC lacks the authority to take such action against a state government without due legal process.
The EFCC had not issued an official response to the allegations as of the time of filing this report.
