South Africa Sees Fuel Price Relief in January 2026
South African consumers will benefit from a significant reduction in fuel prices this week. Effective Wednesday, 7 January 2026, petrol prices will fall by 62–66 […]
Petroleum
Dangote Accuses Regulators of Undermining Local Refining, Calls for Probe into Fuel Imports
Nigeria’s richest businessman, Aliko Dangote, has accused petroleum regulators of facilitating cheap fuel imports that, he says, threaten local refineries, jobs and the country’s long-term […]
South Africa Posts R15.6bn Trade Surplus in October 2025 Amid Rising Flows
South Africa registered a preliminary trade surplus of R15.6 billion in October 2025, driven by exports totalling R192.2 billion against imports of R176.6 billion, according […]
East Africa: EAC Trade Rises to $38.2 Billion in Q2 2025 as Exports Surge 40 Percent
The East African Community (EAC) registered a strong upswing in international merchandise trade in the second quarter of 2025, underscoring the bloc’s economic resilience and […]
Nigeria’s Rig Count Soars to 69 as NUPRC Records Major Milestones in Four Years
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced a remarkable increase in the country’s rig count from eight in 2021 to 69, representing a […]
Namibia Records Largest-Ever Trade Deficit in August 2025 Amid Heavy Import Dependence
Namibia recorded its highest-ever trade deficit in August 2025, reaching 5.3 billion Namibian dollars (approximately 308 million U.S. dollars), according to data released by the […]
Nigeria Union Orders Crude Supply Cut to Dangote Refinery Amid Labour Dispute
Nigeria’s powerful oil workers’ union has instructed members to halt crude and gas deliveries to the $20 billion Dangote Petroleum Refinery, intensifying a labour dispute […]
Nigeria’s $6.84bn Balance of Payment Surplus Signals Economic Resilience and Stability
The Democratic Front (TDF) has hailed on April 21 Nigeria’s $6.84 billion balance of payment surplus for 2024 as a key indicator of economic strength […]
Nigerian Army Seizes Thousands of Litres of Stolen Oil, Arrests 43 Suspects in Coordinated Raids
Troops from the Nigerian Army’s 6 Division have successfully apprehended 43 suspected oil thieves during a series of coordinated raids across Bayelsa, Delta, and Rivers […]
Nigeria to Implement Tanker Ban Amid Rising Road Accidents that claim 3500 Lives
Nigeria’s Federal Government has announced on February 19 plans to phase out tanker trucks with capacities of 60,000 and 45,000 litres in an effort to […]