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Finance & Economy - Page 3

PMS Price: Marketers Raise Concerns Over Epileptic Fuel Supply

Kenya’s Fuel Price Hike Threatens to Push Up Transport, Business Costs

October 15, 2026

Kenya raised pump prices for petrol, diesel and kerosene for the month to Nov. 14, as higher import costs pushed up fuel prices and threatened to increase transport, food distribution and business

Finance & Economy·News·Top Stories

Nigeria Shifts From Economic Stabilisation to Investment-Driven Growth, CBN Says

October 14, 2026

Central Bank of Nigeria Governor Olayemi Cardoso said Nigerians benefit from economic stability even when they do not immediately feel its effects, as the country shifts its focus towards attracting investment, deepening

Business News·Nigeria·Oil & Gas·Top Stories

NNPC Reports 33% Rise in Profit to ₦7.2tn Despite Revenue Decline

NNPC Ltd. reported a 33% increase in profit after tax to ₦7.2 trillion for the 2025 financial year, despite a 24% decline in revenue to ₦34.5 trillion, Group Chief Executive Officer Bayo Ojulari said on Tuesday. Earnings per share rose 32%

September 29, 2026

Africa·Business News·Finance & Economy·Top Stories

South Africa Q2 FDI surges 145% Despite Economic Contraction

South Africa’s foreign direct investment (FDI) inflows surged 145% in the second quarter, providing a stronger source of external capital even as the economy contracted during the period, central bank data showed on Tuesday. FDI rose to 49.8 billion rand ($3.03

September 29, 2026

Finance & Economy·News·Nigeria·Top Stories

Ogun’s $7bn Gateway Seaport to Enter Construction Phase in November

Ogun State will begin construction of its proposed $7 billion Gateway Deep Seaport and Blue Marine Special Economic Zone in November, moving the long-planned maritime project into its implementation phase, Governor Dapo Abiodun said. Construction is expected to start immediately after the

September 29, 2026

Africa·News·Real Estate·Top Stories

Kenya Court Keeps Lamu Refinery Plans on Track Despite Land Challenge

A Kenyan court has declined to grant an interim order sought by 133 Lamu residents to stop preparations for the proposed Dangote refinery, leaving the planned groundbreaking on Wednesday while directing parties to preserve the existing position on the disputed land, Prime

September 29, 2026

Africa·Finance & Economy·News·Top Stories

Burkina Faso Inaugurates First National Gold Refinery as Traore Pushes Local Processing

Burkina Faso inaugurated its first national gold refinery on Monday, Sept. 28, taking a step toward processing more of its gold domestically instead of sending it abroad for refining, Prime Business Africa reports. President Ibrahim Traore inaugurated the Raffinerie Nationale d’Or du

September 28, 2026

News·Nigeria·Oil & Gas·Top Stories

Court Orders NMDPRA to Continue Issuing Fuel Import Licences to Rano, Two Others

Nigeria’s Federal High Court in Abuja has ordered the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to continue granting, renewing and extending petroleum-product import licences to Matrix Energy, A.A. Rano and AYM Shafa, subject to compliance with statutory and regulatory requirements,

September 28, 2026

News·Nigeria·Oil & Gas·Top Stories

Nigeria’s Oil and Gas Local Content Rises to 61% from 5% in 2010 – NCDMB

Nigeria’s local content in the oil and gas industry has risen to 61% from about 5% since the country enacted legislation in 2010 to increase indigenous participation in the sector, the Nigerian Content Development and Monitoring Board (NCDMB) said. The milestone was

September 28, 2026

News·Nigeria·Oil & Gas·Top Stories

Nigeria Targets 2028 for Shift to Commercial Domestic Gas Pricing

Nigeria is targeting Sept. 24, 2028, to transition its domestic gas market to a willing-buyer, willing-seller system, the country’s midstream and downstream petroleum regulator said, as it seeks to deepen investment and reduce reliance on administered pricing. The Nigerian Midstream and

September 25, 2026

Finance & Economy·News·Nigeria·Top Stories

Lagos Leads Nigerian States, FCT with ₦1.77trn IGR in 2025

Nigeria’s 36 states and the Federal Capital Territory generated a combined ₦5.15 trillion in internally generated revenue (IGR) in 2025, up 40.93% from ₦3.65 trillion in 2024, according to the National Bureau of Statistics. Lagos led the 37 jurisdictions with ₦1.77 trillion,

September 24, 2026

Food, Health, Education, Others Excluded From Proposed VAT Increase – Oyedele

Africa·Finance & Economy·News

Oyedele Urges Global Financing Shift to Unlock Africa’s Infrastructure Investment

Nigeria’s Finance Minister Taiwo Oyedele on Wednesday urged the international community to make cheaper, long-term capital more available to African countries, saying high financing costs and currency risks were holding back investment in infrastructure and energy, Prime Business Africa reports. Oyedele

September 24, 2026

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China, North Korea Open Long-Delayed Bridge to Facilitate Trade

China and North Korea opened a long-delayed border bridge on

Worries As Oil Price Crash, Low Production Threaten Nigeria’s 2025 Budget

Iran Conflict Pushes South African Fuel Prices Sharply Higher

South Africa will raise petrol prices by more than 11%

India-New Zealand Free Trade Agreement to Take Effect on Oct. 20

India and New Zealand’s free trade agreement (FTA) will take

UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has

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Finance & Economy - Page 3

Kenya’s Fuel Price Hike Threatens to Push Up Transport, Business Costs

Nigeria Shifts From Economic Stabilisation to Investment-Driven Growth, CBN Says

NNPC Reports 33% Rise in Profit to ₦7.2tn Despite Revenue Decline

South Africa Q2 FDI surges 145% Despite Economic Contraction

Ogun’s $7bn Gateway Seaport to Enter Construction Phase in November

Kenya Court Keeps Lamu Refinery Plans on Track Despite Land Challenge

Burkina Faso Inaugurates First National Gold Refinery as Traore Pushes Local Processing

Court Orders NMDPRA to Continue Issuing Fuel Import Licences to Rano, Two Others

Nigeria’s Oil and Gas Local Content Rises to 61% from 5% in 2010 – NCDMB

Nigeria Targets 2028 for Shift to Commercial Domestic Gas Pricing

Lagos Leads Nigerian States, FCT with ₦1.77trn IGR in 2025

Oyedele Urges Global Financing Shift to Unlock Africa’s Infrastructure Investment

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China, North Korea Open Long-Delayed Bridge to Facilitate Trade

Kenya’s Fuel Price Hike Threatens to Push Up Transport, Business Costs

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China, North Korea Open Long-Delayed Bridge to Facilitate Trade

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UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

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