Gold and foreign-currency reserves supporting Zimbabwe’s bullion-backed currency, the ZiG (Zimbabwe Gold), hit a record high in June, according to the central bank. Zimbabwe’s central bank reported record-high gold and foreign currency reserves, reaching $731 million in June. The ZiG currency experienced its largest single-day gain against the U.S. dollar due to increased gold production…
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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…
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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…
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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.…
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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…
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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…
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