Aliko Dangote, via the Dangote Oil Refinery, is continuing his campaign to aggressively influence Nigeria’s fuel market. Recent reports indicate that he has slashed fuel prices again, the second time in less than 2 weeks. Aliko Dangote continues to impact Nigeria’s fuel market through competitive pricing strategies. Recently, the Dangote Oil Refinery reduced fuel prices…
Mali’s court-appointed administrator for the disputed Loulo-Gounkoto gold complex has moved to sell one metric ton of gold, valued at over $100 million (according to Daily Metal Price), that was previously seized from the site owned by Canadian mining firm Barrick Gold. Mali’s administrator arranged the sale of one metric ton of gold seized from…
The United States has introduced significant changes to its visa issuance policy for Nigerian seeking nonimmigrant entry into the country. The United States has revised its nonimmigrant visa policies for Nigerian citizens, introducing changes effective July 8, 2025. Under the new rules, most Nigerian applicants will receive single-entry visas valid for three months The U.S.…
Dangote refinery will be fully reliant on Nigerian crude by the end of 2025, according to Devakumar Edwin, vice president of Dangote Industries. Dangote Refinery aims to fully rely on Nigerian crude by the end of 2025, transitioning from international sources. As of June, 53% of crude supply for the refinery was sourced domestically, with…
Indian Prime Minister Narendra Modi is set to visit Namibia this week, the final African stop on his five-nation tour, as India looks to strengthen ties with Africa’s top uranium producer and a key player in the continent’s mineral economy. Prime Minister Narendra Modi is visiting Namibia, finalizing his five-nation African tour. India aims to…
Trade tensions between South Africa and the United States escalated sharply on Monday, July 7, after U.S. President Donald Trump announced a sweeping 30% tariff on all South African imports, set to take effect on August 1. The U.S. declared a 30% tariff on South African imports, effective August 1, citing trade imbalances. South African…
The vice-president of Nigeria, Kashim Shettima, has emphasized that Africa’s pressing concerns lie in tackling poverty and climate change, not in developing nuclear weapons capabilities. Vice-President Kashim Shettima highlighted Africa’s focus on addressing poverty and climate change rather than pursuing nuclear weapons capabilities. The CTBTO has a global monitoring network to detect nuclear and seismic…
Globally, a nation’s reserves, especially foreign currency and gold, are sometimes used to assess its economic resilience and strategic strength in addition to its GDP and military might. Business Insider Africa presents the top 10 African countries with the highest reserves of foreign exchange and gold. This list is courtesy of Global Firepower. Libya ranks…
International air passengers in Africa paid, on average, 3.5 different types of charges, amounting to $68 per departure. Gabon is the most expensive country for international departures, with passengers paying $297.70 per trip. Business Insider Africa presents the top 10 African countries with the highest international air ticket charges. The list is courtesy of African…
