Africa’s richest man, Aliko Dangote, has revealed that his refinery currently imports between 9 and 10 million barrels of crude oil every month from the United States and other countries …
Energy
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BusinessEconomyInfrastructureNewsNigeriaOil & GasTrade and Commerce
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BusinessDevelopmentEconomyEnergyFinance & Services
Auto Bucks Lenders Records Over 100% Profit Growth, Expands Across South-West
Auto Bucks Lenders, a fast-rising subsidiary of Alert Group, has announced a remarkable growth of over 100 per cent in profit since it started operations. The company made this known …
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AfricaEconomyEnergyInfrastructureINVESTMENTTrade and Commerce
Zambia to Build $1.1 Billion Oil Refinery with China’s Help
Zambia has signed a $1.1 billion deal with China’s Fujian Xiang Xin Corporation to build a large-scale crude oil refinery that will slash fuel imports and position the country as …
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BusinessDevelopmentEnergyGOVERNMENTInfrastructureOil & Gas
Delta State Governor Vows to End Disruptions in Seplat Energy Operations
Delta State Governor, Sheriff Oborevwori, has promised to take strong steps to stop the frequent disturbances affecting the operations of Seplat Energy Plc in the state. The governor gave this …
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AFRICA NEWSEconomyEducationEnergyInternational Relations
Mozambique Seeks Stronger Ties with Russia as President Plans Visit
Mozambican President Daniel Chapo is getting ready to visit Russia as part of plans to strengthen cooperation between the two countries. This was revealed on Tuesday by Mozambique’s Minister of …
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Eastern AfricaEconomyELECTRICITYEnergyGOVERNMENT
Kenyans Pay More as IPPs Sell Costlier Electricity Than KenGen
Electricity users in Kenya are facing the burden of inflated power prices due to expensive contracts signed between Kenya Power and Independent Power Producers (IPPs), even though the private producers …
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EconomyEnergyGOVERNMENTInfrastructureKenyaMarkets
Ruto to Privatise Kenya Pipeline Company by September, Eyes Revenue and Market Revival
President William Ruto of Kenya has announced that the Kenya Pipeline Company (KPC) will be listed on the Nairobi Securities Exchange (NSE) in September 2025, marking the first step in …
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BusinessEconomyEnergyMarketsOil & GasPolitics
Tinubu Meets Dangote at State House, Restates Support for African-Led Energy Market
President Bola Ahmed Tinubu on Tuesday evening received billionaire industrialist and Chairman of Dangote Group, Alhaji Aliko Dangote, at the Presidential Villa in Abuja for a private meeting, underscoring the …
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BusinessDangote IndustriesEnergyOil & GasTrade and CommerceWestern Africa
Dangote Cries Out Over Crude Scarcity
President of Dangote Group, Aliko Dangote, has raised alarm over challenges facing his $20 billion Dangote Refinery, including difficulty accessing crude oil from Nigerian producers, leading the facility to import …
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AfricaBusiness InsightsEconomyEnergyInternational RelationsNAMIBIA
Galp to Start Talks with Potential Partners for Namibia Oil Project
Portuguese energy company Galp is now set to begin direct talks with potential partners who have shown interest in joining its oil exploration project in Namibia. The company’s Co-Chief Executive …