Nigeria Petrol price shock: Marketers say they can’t raise money to buy products
Oil marketers are lamenting that the recent increase in the price of petrol is negatively affecting their businesses as they […]
African Commodities
Zimbabwe Set to Launch Africa’s First Lithium Sulphate Plant, Transforming Mineral Revenue Potential
Zimbabwe is advancing its position as Africa’s top lithium producer with the launch of a lithium sulphate plant, shifting from raw ore exports to high-value refined production. The move, supported by major Chinese investors, is expected to boost industrialization, strengthen the country’s role in clean energy supply chains, and capture greater economic value from its mineral resources.
Gold and Silver Prices Fall Sharply Following Friday’s Decline
Gold and silver prices plunged further after a recent rally pushed both metals to record highs. Spot gold fell over 9% to $4,403 an ounce, while silver dropped 15% below $72. Analysts say the sell-off was triggered by Kevin Warsh’s nomination as US Federal Reserve chair, alongside profit-taking after weeks of parabolic gains.
Fuel prices to rise as cedi weakens, crude prices climb
Fuel prices are poised for a possible rise with industry projections pointing to increases across petrol, diesel, and LPG in
Kenya Ends Macadamia Harvest and Trade Ban
The Kenyan government has lifted the seasonal ban on the harvesting and trading of macadamia nuts, allowing activities to resume from February 2026.
Oil prices hold above Nigeria’s $64.85 budget amid Middle East tensions
Global oil prices remained steady on Monday, maintaining levels above Nigeria’s 2026 budget benchmark of $64.85 per barrel, as ongoing
Naira closes week at N1,421.9/$ despite global dollar weakness
The naira ended the trading week weaker at the official foreign exchange market, closing at N1,421.9 per dollar as domestic
Star Oil is leaving as a minority voice, not because it was sidelined – COMAC Boss
The Chairman of the Chamber of Oil Marketing Companies (COMAC) says Star Oil’s decision to suspend its membership was not
Star Oil suspends COMAC membership amid price floor dispute
Star Oil Limited has announced the immediate suspension of its membership of the Chamber of Oil Marketing Companies (COMAC), a
Ivory Coast to buy entire stockpile of cocoa beans as stocks pile up
Ivory Coast says it will buy the entire volume of cocoa stockpiled by the country’s cooperatives in order to ensure