NNPCL ₦210T Audit: Expert Insights on Refinery Reforms and Transparency
Amid scrutiny over a staggering ₦210 trillion audit involving Nigeria’s state-owned oil giant, energy experts are urging nuanced dialogue to […]
African Business News
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Nigerian Petrol Prices Surge as Dangote Refinery, Depots Hike Ex-Depot Rates
Nigerian motorists are grappling with a sharp rise in petrol prices following adjustments to wholesale fuel rates by the country’s
NOGASA Urges Tinubu to Halt Dangote Fuel Distribution Over Job Loss Fears
A major Nigerian industry group has called for government intervention to halt a controversial fuel distribution strategy by Africa’s largest
African Business News
Heathrow’s £49B Expansion: Third Runway to Serve 150M Passengers Annually
London’s Heathrow Airport has announced a £49 billion ($65 billion) expansion plan, featuring a long-debated third runway, following years of
Dangote Refinery Names David Bird CEO for $20B Expansion Push
Nigeria’s Dangote Refinery, one of Africa’s largest oil refining projects, has appointed David Bird, former CEO of Oman’s Duqm Refinery,
African Business News
Senegal Unveils $10B Debt Plan with Tax Hikes, Energy Reforms
Senegal has announced a three-year fiscal overhaul aiming to raise nearly $10 billion to address a mounting debt crisis, with
Russian Tycoons Gain $20B in H1 2025 as Commodities Drive Wealth Surge
Russia’s wealthiest individuals saw their combined fortunes grow by $20.4 billion during the first half of 2025, fueled largely by
Naira Holds Steady Against Dollar in August 2025 FX Markets
Against a backdrop of mixed economic signals, Nigeria’s currency held steady against the U.S. dollar across both formal and informal
Oyo Task Force Busts Diesel Black Market on Lagos-Ibadan Expressway
Authorities in southwest Nigeria’s Oyo State have dismantled an illegal diesel operation along a major highway, arresting 16 individuals and
African Business News
AfDB Disburses Funds to Boost Nigeria’s Energy Transition
Nigeria, Africa’s most populous nation, has received a significant financial boost towards its energy transition efforts. The African Development Bank
Ramaphosa: South Africa Negotiates to Avoid US Tariffs
South Africa scrambled for a trade lifeline as U.S. tariffs loom President Cyril Ramaphosa is leveraging a week-long respite in
Sabotage Alert: Powerful Individuals Target NNPCL; Tinubu Urged to Act
Oil Firm Sabotage Plot Alleged, Nigerian Admin Urged to Intervene A plot aimed at undermining the Nigerian National Petroleum Company