Under the AfDB’s plan, countries would pool a pre-agreed amount of their proven critical mineral reserves, allowing local currencies to be converted at an agreed rate. African Development Bank is proposing a new currency system backed by critical minerals. Concept aims to leverage Africa’s vast critical mineral reserves and increase energy investments. New currency system…
Oli marketers in Nigeria are now lifting petroleum products from other local refineries outside of the Dangote Refinery. Marketers in Nigeria are now lifting petroleum products from local refineries outside of the Dangote Refinery. Port Harcourt and Warri refineries are in full swing with PETROAN members loading their trucks there. The resurgence of refineries is…
Despite Nigeria’s efforts to increase local production of petroleum products, over five billion liters of PMS and diesel were imported within a four-month period. Nigeria imported over 5 billion liters of PMS and diesel within a four-month period Efforts to increase domestic refining capacity have not reduced Nigeria’s reliance on fuel imports Dangote Group is…
The ongoing conflict between Rwanda and the Democratic Republic of Congo (DRC) has seen notable developments, with Southern African leaders making efforts to address the crisis. The conflict between Rwanda and the Democratic Republic of Congo (DRC) has seen notable developments Southern African Development Community (SADC) reaffirmed its commitment to supporting the DRC in its…
