Sahara Group vessel lifts OML 18 crude exports as Nigeria targets higher output
Nigeria has commissioned the Cawthorne floating storage and offloading vessel to support OML 18 crude exports, reduce evacuation bottlenecks and help raise crude production closer to national targets.
African Financial Stability Report Debuts as Egypt Launches First Continental Banking Risk Assessment
The Central Bank of Egypt has unveiled the African Financial Stability Report, the continent's first unified assessment of banking sector strength, financial risks and economic resilience across 46 countries representing nearly 90 percent of Africa's GDP.
East Africa’s Economic Outlook Faces $119 Billion Financing Gap Despite Strong Growth
East Africa's economic outlook remains Africa's strongest, with growth projected at 5.9% in 2026 despite a $119 billion annual financing gap. The African Development Bank says stronger domestic revenues, private investment and deeper capital markets will be critical to sustaining growth ...
Nigeria Exceeds 2024 Borrowing Target by N4.79tn as Budget Deficit Widens
Nigeria surpassed its 2024 borrowing target by N4.79tn as weaker-than-expected revenue widened the fiscal deficit. Fresh borrowing reached N12.62tn against an approved N7.83tn, raising concerns about debt sustainability and fiscal discipline.
Nigeria’s Ticket Sales Charge Dispute Reaches Boiling Point As Unions Threaten Airlines Picketing
Nigeria's Ticket Sales Charge dispute has entered a critical phase after aviation unions gave airlines a final seven-day deadline to remit unpaid statutory levies. The standoff could trigger nationwide picketing and disrupt flight
Domestic Health Financing Takes Centre Stage as African Leaders Push Health Funding Reform
African leaders meeting in Accra called for stronger domestic health financing to reduce reliance on foreign aid, improve accountability and build resilient health systems across the continent amid declining donor support.
Airtel Africa Confirms Airtel Money London Listing After Months of Delay
Airtel Africa says Airtel Money will list in London later this year, with analysts valuing the mobile money business at up to $10 billion.
ARM approves $927.28 million Bokoni platinum mine upgrade, restarts Nkomati nickel
African Rainbow Minerals has approved a $927 million redevelopment of the Bokoni platinum mine and the restart of Nkomati nickel operations in Mpumalanga. The projects are expected to boost platinum and nickel output, create jobs, and strengthen South Africa's mining industry.
Dangote Refinery Petrol Price Rises to N1,215 as Naira Sales Resume
Dangote Petroleum Refinery has resumed naira-based petrol sales after a seven-day suspension, raising its gantry price to N1,215 per litre. The move comes amid concerns over crude supply under the naira-for-crude arrangement and is expected to influence fuel prices across Nigeria.
Dangote Refinery Fuel Exports Surge Amid Crude Supply Squeeze
Dangote Refinery fuel exports have increased sharply as the refinery turns to international crude suppliers amid reduced deliveries under Nigeria's naira-for-crude arrangement and mounting foreign exchange challenges.
ECOWAS Reaffirms Plan to Launch ECO Single Currency in 2027
ECOWAS has reaffirmed its commitment to launching the ECO single currency in 2027, saying only member states that meet agreed economic convergence criteria will join the first phase of the regional monetary union.
Canadian Mining Giant First Quantum Minerals Accused of Deep Political Influence in Zambia
First Quantum Minerals has denied allegations by Global Witness that it financed Zambia's ruling party, influenced mining policy and backed political campaigns ahead of the country's August 2026 election.
