Economy
A growing legal dispute between NNPC Limited and Dangote Petroleum Refinery is drawing national attention as both sides debate the future of fuel imports and competition in Nigeria’s energy sector. The conflict centers on a lawsuit filed by Dangote Refinery against import licences granted to fuel......
The 2026 conflict involving Iran has intensified economic pressure across Africa, triggering a sharp rise in inflation, tighter monetary policy and renewed concerns over debt sustainability. The disruption to energy flows following instability around the Strait of Hormuz has added further strain to economies......
Bank of Africa signaled a broader transformation in Morocco’s banking sector when it rebranded from BMCE in 2020. The change reflected more than a new corporate identity. It illustrated the growing ambition of Moroccan financial institutions to position themselves as regional banking groups capable......
Morocco is preparing to launch a fundraising effort to support the construction of a $25 billion gas pipeline linking Nigeria to Morocco, a project designed to strengthen regional energy integration and expand supply routes to Europe. The initiative will be led by National Office of Hydrocarbons and......
The United Arab Emirates’ decision to leave OPEC has intensified scrutiny of the oil cartel’s cohesion, as analysts warn that tensions over production quotas could push other members to follow. The move highlights long-standing divisions within the group, particularly between countries investing......
Two months after the outbreak of war in Iran, a global energy shock is forcing millions of households in Africa and South Asia to abandon cleaner cooking fuels and return to charcoal and firewood. The surge in fuel prices has disrupted access to liquefied petroleum gas and other modern energy sources,......
Nigeria’s inflation rate increased in March for the first time in a year, according to official data released by the National Bureau of Statistics. Headline inflation rose to 15.38% year-on-year in March, up from 15.06% in February. This marks a break in a 11-month trend of gradual decline, reflecting......
The war involving Iran has disrupted global energy markets, cutting about 8 million barrels of crude oil per day and a fifth of global liquefied natural gas supply. Far from the Strait of Hormuz, African energy producers are emerging as long-term beneficiaries of the shock. Major producers including......
A month into the U.S.-Israeli military campaign against Iran, the effective closure of the Strait of Hormuz has disrupted African fuel markets, leaving countries from Kenya to Nigeria grappling with fuel shortages, soaring prices, and emergency rationing measures that threaten to deepen poverty across......
One month into the U.S.-Israeli war against Iran, the economic shockwaves of the conflict are spreading well beyond the Middle East, pressing households and industries across three continents. Iran's effective blockade of the Strait of Hormuz, through which roughly one fifth of global oil and liquefied......
OPEC has maintained its global oil demand projections even as supply disruptions linked to the war involving Iran shake energy markets. The organization confirmed that Saudi Arabia led a significant increase in production in February, raising output by 250,000 barrels per day in what appears to have......
Nigeria’s non oil exports have climbed to a historic high, underscoring the country’s drive to reduce its long standing dependence on crude revenues and broaden its economic base. According to recent figures released by the Nigerian Export Promotion Council (NEPC), non oil exports reached......
The European Union is set to waive additional origin checks for gas imports from the United States, Qatar, Norway, Great Britain, Algeria, and Nigeria as it rolls out a new enforcement system to phase out Russian gas supplies. This move, outlined in a draft document from the European Commission and reported......
