By UdemeAkpan, Energy Editor The Dangote Petroleum Refinery has significantly increased exports of refined petroleum products as inadequate domestic crude oil supply and persistent foreign exchange constraints continue to hamper its operations. This comes as rising global crude oil prices are expected to increase feeds…
…platform that coordinates documentation across all agencies relevant to imports and exports. She noted, “Any nation that is serious about growth needs to be concerned about the functionality within its ports corridor.” Audu also outlined broader PEBEC reforms, including the Nigerian Regulatory Impact Analysis Framework…
…would cut global oil supply by 7 percent, as it would prevent the majority of Saudi oil exports from leaving the region. Such a disruption would compound existing cuts to global oil flows from the Gulf conflict, which has already reduced shipments by 10 percent. In an official statement, the Houthi armed forces declare…
…round of sanctions, effective Monday, further limit Sudan’s access to financing and US exports, and ban Sudan-owned carriers from using US airspace. – History of accusations – Last year, the New York Times and France 24 reported the Sudanese army had used chemical weapons at least twice in the war. The American outlet,…
…handwoven for centuries in Ukwa East, remains one of Nigeria’s most celebrated cultural exports and a major source of livelihood for women in the area.
…warm atmosphere that followed.Wizkid, one of Nigeria's most globally recognised music exports, has built a fanbase that spans continents, and moments like this one tend to reinforce that standing among his supporters.Here is the
…said easier travel would help businesses access markets, attract investment and expand exports. She said that Small and Medium Enterprises (SMEs), women-led businesses and non-oil exporters would benefit significantly from improved regional market access. She noted that Nigeria had inaugurated the Nigeria-Uganda Air Ca…
…over that of others,” Xi added. The United States and European Union restrict tech exports to China over national security concerns, while tussles between Washington and American AI labs have raised the issue of who controls top technologies. “China is trying to lead not only in terms of the technology development, but…
…in April 2023, Sudan accounted for around 70 to 80 per cent of global crude gum arabic exports, with annual exports worth up to $183 million. The OHCHR said many Sudanese people who depend on the trade have faced threats, arbitrary detention, looting and extortion from the opposing sides and their allies. Traders who p…
…Micro, Small and Medium Enterprises, strengthening efforts to boost non-oil exports and expand the participation of Nigerian women in international digital trade. The grants were awarded under the Women Exporters in the Digital Economy Fund, a global initiative designed to help women entrepreneurs adopt digital technol…
…latest price movement came as Iran threatened to widen disruptions to regional energy exports following a fresh wave of US military strikes on Iranian targets. Iran’s Revolutionary Guards said the Strait of Hormuz would remain shut until the United States ended what it described as its “acts of aggression”, warning tha…
…was “in crisis”. The previous blockade, in place from April to June, cut off Iranian oil exports and threatened a damaging shutdown of the industry. Baqaei said Iran would ignore its obligations under the deal if the United States did the same, but added that Tehran was continuing talks with mediators from Qatar, Pakis…
…export routes and a partial easing of Iran’s restrictions on maritime traffic, crude oil exports from the Middle East have averaged around 14 million barrels per day, down sharply from approximately 20 million barrels per day before the conflict began. The continued disruption to shipping activity has kept a geopolitic…
…and 2027. Public external debt service due is expected to increase from 8.1 per cent of exports of goods and services in 2025 to 8.8 per cent in 2027, after easing to 5.0 per cent in 2026. The Fund further projected that interest payments on public debt would rise from $2bn in 2025 to $3bn by 2027. At the Federal Gover…
…the waterway, which is one of the world's most important routes for global oil and gas exports.Araghchi travelled to Oman on Saturday, July 11, for talks related to the administration of the strait, while reports from Axios and Politico said Washington had given Tehran until Saturday to cease attacks on commercial vess…
…war in retaliation for US-Israeli strikes. The waterway is a key conduit for oil and gas exports out of the energy-rich Gulf countries, and its closure has heavily impacted the world economy. Iran insists on controlling the passage of ships and has announced plans to charge fees, saying there will be no return to the f…
…damage to commercial enterprises and ports across Ukraine, impacting production and exports. Ilnitsky added that the next phase could be strikes on NATO bases in the Baltic states and Romania as well as facilities in the European Union producing long-range drones and missiles for Ukraine. Asked about Ilnitsky's column,…
…Development, SMDF, Hajiya Fatima Shinkafi, has disclosed that Nigeria's solid minerals exports hit ₦354 billion in 2025. Shinkafi made this known in her keynote address titled 'Building Nigeria's Solid Minerals Future: The Power of Academia, Government and Industry in Partnership', delivered at the University of Lagos'…
…to 30 percent, introduced free processing of Form NXP, expanded provisions for service exports, Pan-African Payment and Settlement System (PAPSS) transactions and non-resident investment accounts, and permits tuition fee payments of up to $25,000 per semester for undergraduate and postgraduate studies abroad. Olayemi C…
…stages and further cements his status as one of the continent’s most influential musical exports. FIFA World Cup 2026 HalfTime Show Burna Boy‘s selection for the World Cup Final reflects his immense global appeal and follows a string of major international performances that have seen him headline festivals, sell out ic…
…heard in southern Kharg Island. CENTCOM made no mention of Kharg Island, from which Iran exports 90% of its crude oil. The incidents marked the latest threat to the fragile ceasefire brokered by the United States and Iran last month, which temporarily halted the conflict triggered by US and Israeli strikes across the I…
…the raw energy that has made Gqom one of South Africa’s most influential musical exports. Both producers bring their signature touch, crafting a polished yet hard-hitting production that keeps the momentum alive from start to finish. The track thrives on its infectious groove and energetic arrangement, inviting listene…
…to attract new listeners, Mr Eazi remains one of Nigeria’s most influential musical exports, with a legacy that continues to grow alongside the worldwide rise of African music. Read More: Yardland Crowd Goes Wild as Rema Performs Unreleased LAHO Verse The post Mr Eazi Surpasses 2 Billion Spotify Streams Across All Cred…
…near Kharg island, the main oil terminal through which 90 percent of the nation’s crude exports transit. State media said a member of the military’s Revolutionary Guards was killed in Iran’s southwest. US Central Command (CENTCOM) said its forces had struck over 80 targets, including Iranian air defence systems, coasta…
…Tanzania. According to the African Petroleum Producers' Organisation, Africa currently exports about three-quarters of the crude oil it produces while importing approximately 70 per cent of the refined petroleum products consumed across the continent. This imbalance has continued to expose African economies to volatile…