The Dangote Petroleum Refinery has announced a major step to make fuel cheaper and easier to access across Nigeria. From Monday, August 12, 2025, the refinery reduced its ex-depot price …
Economy
- Dangote IndustriesEconomyEnergyInfrastructureInnovationNigeriaOil & GasPoliciesTransportation & Logisitics
- EconomyEnergyMarketsNigeriaOil & GasPolicies
Nigeria’s Fuel Import Reliance Rises to 69 Percent in June
by Joy Radarrby Joy RadarrNigeria’s dependence on imported petrol has grown sharply, with fresh data showing that the country sourced 69 percent of its petrol needs from foreign suppliers in June 2025. Figures from …
- Corporate StrategyDevelopmentEconomyEnergyGovernment PolicyIndustrial DevelopmentInfrastructureINVESTMENTNigeriaOil & Gas
New Oil Projects Could Raise Nigeria’s Output by 800,000 Barrels a Day
Nigeria’s oil industry may soon experience a major turnaround, as six new offshore projects are expected to boost the country’s crude oil output by about 800,000 barrels per day (bpd). …
- Eastern AfricaEconomyGovernment PolicyINVESTMENTRegional IntegrationTrade
EAC Urged to Ratify Trade Rules to Boost Regional Business
Trade experts, private sector leaders, and government officials in the East African Community (EAC) have called on member states to urgently ratify changes to the Customs Union rules to speed …
- BankingEconomyFinancial RegulationInternational StandardsNorth Africa
CBL Introduces New Rules for Foreign Currency Deposits
The Central Bank of Libya (CBL) has announced fresh regulations for depositing foreign currency cash into bank accounts, a move the authorities say is aimed at improving transparency, strengthening financial …
- Community DevelopmentCôte d’IvoireEconomyEntrepreneurshipHealthcareWomen Empowerment
Women of Bagoué Honoured at Gbon Women’s Excellence Day
The commune of Gbon, in Côte d’Ivoire’s Bagoué region, came alive on Sunday, August 10, 2025, as the second edition of the Women’s Excellence Day took place. The event, organised …
Mahindra South Africa has taken another big step in its journey in the country with the opening of a new semi-knocked down (SKD) vehicle assembly plant at the Dube TradePort …
- AfricaEconomyInternational RelationsINVESTMENTTrade
ACTIF2025 Seals $300m Africa-Caribbean Trade and Investment Deals
The Fourth AfriCaribbean Trade and Investment Forum (ACTIF2025) ended in Grenada with over US $300 million in deals signed and a strong commitment to deepen Africa–Caribbean collaboration. Co-hosted by Afreximbank …
- CurrencyDigital EconomyEconomyMarketsMiningSouth Africa
South African Rand Holds Steady Ahead of Mining and Unemployment Data Release
The South African rand remained stable in early trading on Tuesday as investors awaited key domestic economic data. At 6:18 a.m. GMT, the rand was trading at 17.74 to the …
- BusinessEconomyEnergyInternationalLegal AffairsMining
Peabody Faces August 19 Deadline to Decide on $3.78bn Bid for Anglo American’s Australian Coal Mines
Peabody Energy, a mining company based in the United States, is expected to announce on August 19 whether it will continue with its $3.78 billion bid to buy Anglo American’s …