Africa’s oil market in 2026 reflects a paradox vast crude reserves but limited downstream strength. The continent holds roughly 7–8 percent of global proven oil reserves, yet captures only a fraction of refining value due to constrained capacity and chronically low utilisation, often below 50 percent Against that backdrop, a handful of large-scale refineries are read more 7…
Kola Ologbodiyan,A chieftain of the African Democratic Congress (ADC), has said the 2027 general election will be a defining contest between Nigerians and President Bola Tinubu, dismissing the influence of money as a deciding factor in the race. Ologbodiyan made the assertion amid growing concerns by opposition parties that the current administration is attempting to read more Money…
…ratifies new manifesto, constitution …British, Chinese envoys attend convention In a defining moment for Nigeria’s growing opposition, the national convention of the African Democratic Congress (ADC) in Abuja on Tuesday transformed into a high-stakes summit of political heavyweights, signalling a coordinated assault on the status quo ahead of the 2027 general elections. Under the leadership read more David…
…farmers struggle to sell …2026 rice output seen shrinking Nigerian rice farmers are scaling back their plans for the 2026 planting season as paddy price slumps, high production costs, and a struggling milling industry squeeze their margins. The price of a ton of paddy has slumped 51 percent to N350,800 from a peak of N720,000 read more Paddy…
African leaders have intensified calls for a strategic shift away from aid dependence toward investment-driven growth, underscoring the need for the continent to harness its vast resources and strengthen economic integration to secure long-term prosperity. Speaking at the 4th Edition of the African Heritage Awards in Accra, John Dramani Mahama, Ghana’s President, cautioned against read more Mahama,…
…as Pan Atlantic University holds 22nd inaugural lecture In an environment defined by weak institutions and market inefficiencies, Nkemdilim Iheanachor, professor of strategic management at Pan-Atlantic University, argues that African firms can gain an edge by deliberately building strategies that exploit, rather than avoid institutional gaps. Iheanachor made the call while delivering Pan-Atlantic University’s (PAU) read more Iheanachor…
At least 11 more top companies in Nigeria have abandoned the national grid to generate their own power, as the electricity crisis in Africa’s most populous nation continues to bite into production costs and inflate energy bills, new regulatory data shows. Recent data from the Nigerian Electricity Regulatory Commission (NERC) reveals that the decision to read more NRS,…
….says ADC going ahead with convention Peter Obi, the former presidential candidate of the Labour Party (LP) in the 2023 general election, and presidential aspirant on the platform of the African Democratic Congress (ADC) ahead of the 2027 election, says he will declare a war against insecurity in Nigeria, particularly in the north. Obi also read more I’ll…
…targets import cuts SAM Pharmaceutical Limited has opened a new high-capacity manufacturing plant in southwestern Nigeria, aiming to expand local drug production and reduce the country’s reliance on imports. The facility, located in Ota, Ogun State, was inaugurated last week as the company marked its 55th anniversary, drawing senior government officials, regulators and industry leaders. read more SAM…
Diezani Alison-Madueke, former Minister of Petroleum Resources, ,on Monday denied allegations of bribery and abuse of office while testifying before a United Kingdom court. She insisted that she neither solicited nor received illicit payments during her time in office. Appearing at Southwark Crown Court, the 65-year-old told the court that she acted with integrity in read more Alison-Madueke…
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