The closure of refineries across Europe and North America is reshaping global fuel markets and elevating Nigeria’s Dangote refinery’s influence, according to a new report by energy intelligence firm Kpler. Refinery shutdowns across Europe and North America are tightening global fuel supplies and reshaping trade flows. Energy intelligence firm Kpler says the closures have raised…
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Denmark has invested about $1.2 billion in Nigeria’s port infrastructure through APM Terminals and is preparing to expand its footprint, underscoring renewed foreign interest in Africa’s largest economy amid sweeping reforms in the maritime sector. Denmark has invested about $1.2 billion in Nigeria’s port infrastructure through APM Terminals, with plans for further expansion. The disclosure…
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South Africa’s inflation is on course to meet the South African Reserve Bank’s (SARB) revised 3% target in 2026, with prices remaining broadly stable. South Africa’s central bank anticipates meeting its revised 3% inflation target by 2026, with inflation for 2025 forecasted at 3.2% to 3.4%. The main lending rate is currently 6.75%, with a…
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Ethiopian Airlines, Africa’s largest carrier, has ordered nine Boeing 787 Dreamliner aircraft as it moves to meet rising demand for long-haul travel. Ethiopian Airlines has ordered nine Boeing 787 Dreamliner aircraft to enhance its long-haul fleet in response to rising international travel demand. This order aims to support the airline’s global network expansion, currently servicing…
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Ghana has taken a decisive step towards keeping more value from its gold industry, signing a new agreement that will see the precious metal refined locally before export. Ghana has signed a new deal to refine gold locally, reducing its reliance on raw exports. The agreement involves GoldBod, Gold Coast Refinery, and South Africa’s Rand…
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Senegal has revoked offshore exploration rights held by Atlas Oranto Petroleum, a privately owned upstream oil and gas firm founded by Nigerian energy entrepreneur Arthur Eze, reinforcing a tougher regulatory approach toward long-stalled licences. The decision aligns with Senegal’s commitment to enhance regulation in its energy sector and rapidly monetize hydrocarbon resources. Senegal revoked the…
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