Nigeria’s domestic aviation industry is edging toward a potential shutdown as operators grapple with a sharp and sustained spike in fuel costs, raising concerns about widespread disruptions to air travel and economic activity. Nigeria’s aviation industry is facing potential shutdown due to a sharp increase in jet fuel prices. The cost of Jet A1 fuel…
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Amazon is in advanced negotiations to acquire satellite communications firm Globalstar in a deal valued at about $9bn, in a move that would intensify competition with SpaceX’s Starlink service across emerging broadband markets, particularly in Africa. Amazon is in advanced talks to acquire Globalstar in a deal valued at about $9bn, aimed at accelerating its…
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Recent data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), shows that Nigeria’s import of premium motor spirits (petrol) increased by 96.7% in March compared to the month prior. Nigeria’s petrol imports nearly doubled in March, rising by 96.7% compared to February, despite increased domestic supply. The Dangote Oil Refinery played a major…
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South Africa’s auto market is drawing intensified interest from global giants, with Indian automaker Mahindra expanding its operations in the country. South Africa remains Africa’s leading automotive manufacturing hub, hosting major global firms like Toyota, Ford, Volkswagen, and Mercedes-Benz. The country’s dominance faces increasing pressure from Chinese and Indian automakers, who are expanding aggressively in…
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Seplat Energy, a leading independent oil and gas company in Nigeria, has become the first listed firm on the Nigerian Exchange Limited (NGX) to surpass the N10,000 per share mark. Seplat Energy became the first listed company on the Nigerian Exchange Limited (NGX) to surpass N10,000 per share. On Tuesday, Seplat’s share price climbed to…
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A proposal to resettle South African farmers in Russia has emerged as a new geopolitical flashpoint, with Errol Musk confirming he is involved in a project to secure refugee status for Afrikaners, a white minority group in South Africa. Errol Musk has confirmed involvement in a Russian-backed initiative to resettle South African Afrikaner farmers. The…
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