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The proposed refinery could reshape fuel trade across East Africa, and create new competitive pressures for existing suppliers.

Nigeria’s deepwater oil sector, dormant for more than a decade, is drawing renewed attention from the world’s largest oil companies as a 2029 deadline for the country’s most generous tax credits pushes operators toward a wave of final investment decisions.

When Shell and other international oil companies began selling some of their Nigerian assets, the debate was never really about ownership. The bigger question was what would happen next. Could indigenous operators simply maintain production from ageing fields.

Dangote’s decision to anchor his second mega-refinery on Kenya’s northern coast came only after a monthslong, three-way contest with Uganda and Tanzania that exposed how differently the three East African neighbors compete for the same investor
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Post hereMost financial infrastructure was built in markets where payments already…

Eterna Plc and Fuelmetrics launch self-service fuel stations in Nigeria,…

Y Combinator-backed fintech Bujeti has launched a tax management product…

Planning to make contactless payments? Cardtonic Introduces Platinum Card to…

Target Yield offers Nigerians a disciplined goal-driven investment structure with…

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Rana Energy, an AI-powered Clean Energy-as-a-Service ecosystem, announced the successful…

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Lagos, Nigeria – August 26, 2025 – All On, a Shell-funded…

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Africa remains a key destination for foreign investors with long-term ambitions. In 2025, foreign direct investment (FDI) inflows added about $70 billion to the region’s economy despite a decline in mega one-off deals.

Nigeria became Europe’s top jet fuel supplier in June, exporting 466,000 tonnes worth $553 million. But even as scarcity fades, airlines still face high fuel costs, and passengers are still paying steep airfares.

Oil prices have dropped to near pre-war levels after Middle East tensions eased, but Nigerian fuel pump prices remain stubbornly high, leaving millions of Nigerians still waiting for the relief that lower crude costs were supposed to bring.

Kenya’s new Finance Act 2026 is reigniting fresh debate across the region. The law raises the excise duty on imported sugar by more than 300%. Exporters say levy will significantly increase accessing one of East Africa’s largest sugar markets.