Dangote Refinery refutes claims of increased crude allocation from Nigeria’s government
Uncertainty has arisen regarding crude allocations to the Dangote Petroleum Refinery, with refinery officials stating they have not received confirmation
African Markets
Burkina Faso’s biggest gold mine will power West African Resources to a record output in 2026.
West African Resources is gearing up for a significant milestone in 2026, projecting annual gold output of 430,000 to 490,000
Africa sees unrest as Uganda, Egypt flag higher fuel and food prices linked to Iran war
Officials from Uganda and Egypt have expressed alarm over rising economic pressures across Africa as the ongoing Iran conflict continues
Africa’s top oil producers face uneven fuel price impacts amid Iran crisis
The intensifying situation in Iran is reshaping global oil markets and exposing significant differences among Africa’s leading oil-producing nations, as
Afreximbank leads $4 billion Dangote Refinery deal with $2.5 billion commitment
The African Export-Import Bank (Afreximbank) has announced that it has underwritten $2.5 billion in a $4 billion senior syndicated term
Amid US–Iran unrest, Europe sources jet fuel from Nigeria’s Dangote refinery
Nigeria is becoming an increasingly important alternative source of aviation fuel for Europe, stepping up as the US–Iran conflict disrupts
Oando broadens footprint beyond Nigeria through Angola oil partnership
Oando Plc has secured a production sharing contract (PSC) for Block KON-13 in Angola, marking its long-anticipated entry into one
South Africa eases fuel tax to soften $350m blow from rising oil prices
South Africa plans a temporary reduction of a major fuel tax in April, as global oil prices climb due to
Nigeria achieves milestone with first 950,000-barrel Cawthorne crude shipment to India
Nigeria has completed its inaugural shipment of Cawthorne crude, exporting a 950,000-barrel cargo loaded from the newly launched FSO Cawthorne
Africa advances Spain–Morocco corridor over global chokepoint risks
A major cross-continental infrastructure initiative beneath the Strait of Gibraltar is drawing fresh interest as Morocco and Spain move forward