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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.

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.

Despite four price cuts in a month, Nigerian pump prices remain well above pre-war levels. Expensive crude inventories, war-era taxes and supply chain disruptions explain why the rest of Africa is stuck too.

In June alone, the apex bank sold $200 million to commercial banks to meet urgent import demand. Since January, it has injected roughly $3 billion into the FX market. The bank argues the steps are necessary to stabilise the local currency, and boost system liquidity.
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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…

In Nigeria’s fast-evolving financial ecosystem, one persistent challenge continues to…

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

Schneider Electric, the leader in the digital transformation of energy…

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

You can post on Techpoint Africa too!
Post hereOther highlights

In Africa, tax and revenue systems are now being built using the latest fintech tools. These systems are designed to address one of the biggest problems that every developing country faces: how do you formalise the grey economy?

Awash, Abay, Bunna, and Addis Bank are registering millions of shares with Ethiopia’s ECMA, as the Ethiopian Securities Exchange moves from regulatory setup to active capital formation.

TotalEnergies sticks to proven African basins like Nigeria and Angola. Eni hunts frontiers like Sierra Leone and Côte d’Ivoire. Both bet big on the continent’s next oil wave, but for very different reasons.

This article traces the full arc of the Excess Crude Account and makes the case that rebuilding and properly anchoring the account is one of the most important fiscal steps Nigeria can take right now