According to the Major Energies Marketers Association of Nigeria, as seen in a recent report, oil marketers are now buying Premium Motor Spirit (petrol) for N797.66 per liter. Oil marketers in Nigeria are buying petrol for N797.66 per liter. Dangote Refinery initiated a price war, forcing independent oil marketers to run at a loss. The…
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To further enforce its new policy of anti-colonial influence, the predominantly French-speaking West African country of Niger has exited the Organisation Internationale de la Francophonie (OIC). Niger has exited the Organisation Internationale de la Francophonie (OIC). The country formed a regional alliance with Burkina Faso and Mali to create the Alliance of the Sahel States…
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Egyptian President Abdel Fattah al-Sisi announced on Monday that the Suez Canal is losing around $800 million in revenue each month due to regional instability. President al-Sisi announced Suez Canal is losing around $800 million monthly. Houthi rebels responsible for disrupting global shipping and increasing costs. President Sisi estimated disruptions could cost Egypt $7 billion…
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Aliko Dangote, President of Dangote Group, has unveiled plans to build Nigeria’s largest seaport at the Olokola Free Trade Zone in Ogun State. Aliko Dangote plans to build Nigeria’s largest seaport at the Olokola Free Trade Zone in Ogun State. His company, Dangote Group, has resumed construction of a 6-million-metric-ton-per-annum cement factory in Itori, expected…
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A $160 million South African phosphate mine, owned by billionaire Patrice Motsepe’s African Rainbow Capital Investments Ltd., is facing a new legal challenge after more than a decade of environmental disputes. The Elandsfontein Mine, owned by African Rainbow Capital Investments Ltd., faces new legal challenge from the World Wildlife Fund (WWF). The lawsuit was filed…
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Nigeria recorded its highest spending on arms and ammunition imports in five years, with over ₦520 billion worth of weaponry brought into the country in 2024 alone. Nigeria’s highest spending on arms and ammunition imports in five years, with over ₦520 billion worth of weaponry brought into the country in 2024 2024 imports accounted for…
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