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Over the weekend, at least four vessels carrying petroleum products arrived at Nigeria’s borders, raising questions about the capacity of the Dangote Refinery to meet local demand. According to a report by Punch, this development highlights a significant contradiction to earlier claims by Aliko Dangote, Africa’s richest man, that his refinery could service the entire…
Uganda’s economic growth is projected to soar beyond 10% in the next financial year, driven by the anticipated commencement of crude oil production. According to the International Monetary Fund (IMF), the East African nation could achieve a GDP growth rate of 10.8% in the 2025/2026 fiscal year, a significant jump from the previous projection of…
Ethiopian Airlines, Africa’s largest carrier, is leasing planes to keep up with its ambitious expansion plans due to significant delays in aircraft deliveries from Boeing Co. The Addis Ababa-based airline has been waiting for several months for the arrival of its much-anticipated Boeing 737 Max jets and 777 freighters, creating a ripple effect on its…
In the wake of Brexit, the UK job market has witnessed significant shifts in its workforce composition, with Indian and Nigerian nationals emerging as key contributors to employment growth. Recent data from His Majesty’s Revenue and Customs (HMRC) reveals that between 2019 and 2023, Indian and Nigerian workers have surpassed their British counterparts in job…
The long-awaited launch of the Port Harcourt refinery has been postponed once again, marking the sixth delay for a project that was initially scheduled to commence operations in 2021. This latest setback has deepened public frustration and skepticism about Nigeria’s efforts to enhance its refining capabilities and reduce its dependence on imported petroleum products. The…
The Nigerian naira saw a setback on Tuesday, August 13, 2024, reversing its four-day streak of gains to close at N1,582.09 per dollar in the official foreign exchange (FX) market. This decline, marking a 0.70% drop from the previous day’s closing rate of N1,570.99, underscores the persistent volatility in Nigeria’s FX market, a challenge that…
Fans of the award-winning Nigerian musical duo, P-Square, are reacting to reports that the Okoye brothers, Peter and Paul, may be facing another fallout. The twin brothers, who reunited in 2021 after a 2017 breakup, are now at odds once again, raising concerns among their devoted fanbase. Recent developments and social media posts from both…
The European Union (EU) collected a staggering €56.3 million from visa application fees paid by African nationals in 2023. This figure represents a significant 43% of the total visa application expenses incurred by applicants worldwide. African and Asian countries bore the brunt of visa rejections, accounting for 90% of all expenses related to Schengen visa…