The Federal High Court in Abuja on Wednesday dismissed a ₦100 billion lawsuit filed by Dangote Petroleum Refinery. The Federal High Court in Abuja dismissed Dangote Petroleum Refinery’s ₦100 billion lawsuit challenging fuel import licenses. The refinery objected to licenses issued by NMDPRA to NNPC and five other companies, claiming legal contraventions. NNPC and other…
South African billionaire Johann Rupert has seen his wealth drop by about $800 million after shares of his luxury group Richemont declined in the wake of a European Union antitrust fine against its French fashion label Chloé. Johann Rupert’s net worth decreased by $800 million following Richemont’s share decline due to an EU antitrust fine.…
South Africa’s government says it has received distress calls from 17 citizens who joined mercenary forces fighting in the Russia–Ukraine war, prompting President Cyril Ramaphosa to order an investigation into how they were recruited. South Africa’s government has received distress calls from 17 citizens involved in the Russia-Ukraine conflict as mercenaries. These individuals are reportedly…
Yesterday, it was announced that the Ugandan-born Zohran Mamdani won the mayoral election of one of the World’s most lucrative cities, New York. Zohran Mamdani, originally from Uganda, won the New York mayoral election, becoming the first Muslim, South Asian, and African-born mayor of the city. This victory marks a major success for the Democratic…
Ghana, which mid-point into the year was projected to hit a single-digit inflation figure before the year runs out, is not only ahead in said projection, but also steadily maintaining its economic recovery pace. Ghana’s inflation rate has dropped to 8% in the current year, significantly lower than 9.4% in the previous month and 22.1%…
Kenya’s president, William Ruto, who is no stranger to labor export, has inked an agreement to send 13,000 Kenyans to Qatar to bolster its labor market. Kenya’s President William Ruto signed an agreement to send 13,000 Kenyans to Qatar for employment. The Labor Mobility Programme aims to provide Kenyan youth with global skills and diverse…
Cape Town’s iconic Atlantic seaboard has once again reaffirmed its status as the crown jewel of African real estate, with a 1,124-square-metre plot of land on Nettleton Road, Clifton, hitting the market for an eye-watering R200 million (about $10.9 million), making it the most expensive residential plot ever listed in South Africa. A 1,124-square-metre plot…
Nigeria continues to supply electricity to neighbouring West African countries despite persistent domestic power challenges. In the first half of 2025, utilities in Benin, Togo, and Niger received electricity from Nigeria but currently owe $19.97 million for these services. Nigeria continues supplying electricity to neighboring West African countries despite its domestic power challenges. In the…
Nigeria is open to selling its state-owned refineries as part of broader efforts to inject competition into an oil industry now dominated by the massive Dangote Refinery. Nigeria considers selling state-owned refineries to enhance competition in the oil industry. The NNPC’s four refineries have been underutilised for decades despite costly rehabilitation attempts. Reforms aim to…
