Nigeria’s new oil minister stated on Friday that the country expects its four oil refineries to be ready by the end of 2024, with the
Category: Africa
Egypt reports new oil discoveries in the Geisum and Tawila West Concession area.
The Geisum and Tawila West Concession in the Gulf of Suez was the site of a fresh oil discovery, according to the petroleum ministry of
Global hunger worsens as India’s ban on export and climate change puts rice price at a 15-year high.
Francis Ndege is unsure if his customers in the biggest slum in Africa can continue to afford to purchase rice from him. Because of higher
Nigeria’s NNPC borrows $3b from Afrexim bank to salvage the free-falling naira.
Nigeria’s state-owned oil company NNPC announced on Wednesday that it has obtained a $3 billion crude oil repayment loan from the Afrexim Bank in Cairo.
Nigeria’s inflation rose to 24.08% in July, the highest in 20 years, worsening the cost of living crisis.
Nigeria’s annual inflation rate increased to 24.08% in July from 22.79% in June, which worsened the continent’s largest economy’s cost-of-living crisis as President Bola Tinubu’s
Climate finance: Gabon adopts a $500m debt-for-nature swap to restore its oceans.
Using a contentious financial strategy, Gabon plans to reduce its debt load and restore its waters simultaneously, a key conservation organization said on Tuesday. The
Clean energy: World Bank to subsidize 1,000 mini solar power grids in Nigeria.
Ajay Banga, president of the lender, stated on Saturday that the World Bank plans to work with the government and the private sector to assist
Africa-Russia summit comes to an end without grains or peace deal.
With little to show for their efforts to restore a pact that kept grain flowing from Ukraine and to find a way to halt the
Russian firm to restart Nigeria’s Aluminum smelting company abandoned 10 years ago.
The Nigerian government and Russian aluminum company Rusal are in talks about restarting the Alscon smelter in Nigeria, which was shut down because it was
Global diamond giant De Beers reports the first production from its $2.3b underground mine in South Africa.
The $2.3 billion new underground operations at the Venetia mine in South Africa have begun production; according to global diamond giant De Beers, who released
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