Abuja — Crude price fell over 18% in 2025 The Organisation of Petroleum Exporting Countries and its allies known as OPEC+ kept oil output unchanged yesterday after avoiding discussions of the multiple political crises affecting the producer group’s members, from the Middle East as well as Russia, Iran and Venezuela. Sunday’s meeting of eight members…
Abuja — Oil prices fell yesterday as adequate global supplies offset concerns about supply disruptions due to the US capture of Venezuelan President Nicolas Maduro in an audacious raid over the weekend. Nigeria’s benchmark, Brent crude futures, were down 50 cents, or 0.8 per cent, to $60.26 a barrel, while US West Texas Intermediate (WTI)…
Nigeria has emerged as the fifth-best English-speaking country in Africa, according to the 2025 EF English Proficiency Index, cited by reporters on EF’s website on Monday. The report, compiled by global education leader EF, assessed English skills across 123 countries and regions, using data from 2.2 million test-takers. For the first time, this year’s edition…
Flutterwave has acquired Nigerian open banking startup Mono in an all-stock transaction valued between $25 million and $40 million, according to people familiar with the deal. The acquisition brings together two fintech infrastructure companies operating at scale in Africa. Flutterwave runs one of the continent’s largest payments networks, while Mono provides APIs that allow businesses…
Liberia, alongside Somalia and the Democratic Republic of Congo, on Tuesday called for restraint, dialogue and respect for international law as the United Nations Security Council convened to deliberate on the evolving political situation in Venezuela–marking Liberia’s first major diplomatic intervention since formally reclaiming its seat on the council after more than six decades. The…
Nigeria has been scheduled to lead discussion as senior African government leaders prepares to converge in Cape Town from 3-5 March 2026 to drive investment, policy alignment, and deal-making in Africa’s rapidly expanding energy sector. Nigeria’s Power minister, Adebayo Adelabu, Ministry of Power, is listed as top priority speaker at the Africa Energy Indaba 2026,…
Forecasting fossil fuel demand in this age of unprecedented geopolitical and economic uncertainty coats crystal balls with a layer of coal dust, and in the short term projections could be raised as financial taps to the sector reopen. This past Christmas it seems Santa had an abundance of coal to dish out to those who…
Harare — Most of the fastest-growing economies, with gross domestic product growth rates exceeding 6%, will be on the African continent in 2026, according to Africanews, citing data from the International Monetary Fund (IMF). Growth rates in countries such as Rwanda, Uganda, and Ethiopia will exceed 7%, while South Sudan and Guinea will achieve double-digit…
NAIROBI, Kenya, January 4, 2026 – Kenya’s Peter Kamaku will take charge of the African Cup of Nations (Afcon) round of 16 tie between South Africa and Cameroon in Rabat on Sunday night. The renowned match official will be the centre referee in the high octane fixture, in which he will be assisted by two…
The Chairperson of the African Union Commission (AUC), H.E. Mr. Mahamoud Ali Youssouf, extends his warmest congratulations to the President-elect of the Republic of Guinea, H.E. General Mamadi Doumbouya, on his election with 86.72% of the vote, following the proclamation of the final results by the Supreme Court on January 4, 2026. The Chairperson of…
