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Coming over a decade after the last update, the rebased data offers a more current, granular view of Nigeria’s economy and reveals a structural transformation that had long been masked by outdated data.
Irish oil firm Tullow Oil has sold off three of its assets across different African countries in the past five years, raising questions about why a company once seen as a major player in Africa is quietly pulling back from the continent.
Under the revised trade order, the 15% rate applies to countries with which the US runs a trade deficit, while nations with a trade surplus, by contrast, will face a lower 10% rate.
Despite enduring one of the highest inflation rates on the continent, Nigeria recorded the largest retail market growth in Africa in 2024, with modern retail sales surging by 30.4% to $13.2bn, according to new data from Euromonitor International.
The case for or against the sale of Nigeria’s state-owned refineries are both complicated and nuanced. However, in this article, Energy in Africa explores what both parties are saying.
The Lagos-based Dangote refinery has appointed a former executive of Shell Plc, David Bird, as the new CEO of the company.
Under the new regime, South Africa, Algeria and Libya are the worst hit, while Lesotho secures the largest cut, with tariffs slashed from 50% to 15% amid mounting trade pressure.
NNPC’s decision to eye yet another repair at Port Harcourt—despite $2.9 billion already expended—is now a litmus test for whether lessons have been learned or whether a familiar cycle is once again taking shape.
Mr Bigg’s and Debonairs reported a seventh straight half-year loss in H1 2025 as competition stiffened amid a cost-of-living crisis that has crimped consumer spending.
ETI has now reported profits for the 13th year in a roll, despite persisting macroeconomics headwind and capital raising actions, the bank’s fundamentals remains strong.
Three weeks after the expiration of the US tariff grace period, African countries are already feeling the strain—with Lesotho declaring a state of disaster and South Africa facing job losses in the hundreds of thousands.
South Africa’s bold plan to shift from coal-based power to a greener energy system is commendable. However, it raises concerns about the timeline’s feasibility and potential pushback from lobbying groups in the continent’s most industrialised nation.
This article unpacks the Good, the Bad, and the Ugly of the Dangote-marketers showdown, revealing how ambition, resistance, and systemic friction collide in a sector that affects every Nigerian at the pump—and in the economy.
Airtel Africa, Nigeria’s second-largest telecom operator, recorded a 22.4% year-on-year revenue increase to $1.42 billion for the quarter ended June 30, 2025, up from $1.16 billion in the same period last year.
Stanbic IBTC, Wema, and Access dedicated the largest proportion of their earnings to staff compensation in 2024, highlighting the growing cost of doing business and intensifying competition for skilled talent in Africa’s most populous country.
As the Europe retreats from the refining market, Africa is stepping up to build its own industry. The continent now has more refining capacity than ever anticipated. This shift is primarily driven by an ambition plan to industrialize.
BG International, an affiliate of UK-headquartered energy major Shell, has taken a final investment decision (FID) to proceed with the development of the Mina West gas discovery in Egypt’s Mediterranean Sea.
Across Africa, the clean energy revolution is being powered not just by governments and development banks, but increasingly by private companies investing billions of dollars into solar energy infrastructure.
TotalEnergies has commenced commercial production from the CLOV Phase 3 and BEGONIA offshore projects in Angola, adding a combined 60,000 barrels per day (bpd) of new output.
China’s state owned energy firm, Sinopec, has signed a new contract with Algeria’s national oil company, Sonatrach, to explore and develop a vast gas block in the North African country.
