Botswana Introduces 24% Local Ownership Requirement for All New Mining Deals
The Government of Botswana has announced a new policy mandating that at least 24% of ownership in all future mining projects be held by...
Naira Hits Strongest Level Since 2024, Closes Week at ₦1,458/$1 as CBN Tightens FX Reforms
The Naira recorded its strongest performance since 2024, closing the week at ₦1,458 per US dollar on Friday, as the Central Bank of Nigeria...
Uganda Begins Construction of $4 Billion Oil Refinery in Hoima, Completion Set for 2029–2030
Uganda is advancing plans to build a $4 billion oil refinery in Hoima District, a major milestone in the country’s long-awaited effort to add...
Moniepoint Clarifies £1.2m Reported Loss by UK Subsidiary as Start-Up Investment Cost
Leading Nigerian fintech company Moniepoint Inc has clarified reports of a £1.2 million loss recorded by its United Kingdom subsidiary, Moniepoint GB, during the...
OML 18: NNPC and Sahara Commission 2.2-Million-Barrel FSO to Strengthen Nigeria’s Export Capacity
Nigeria’s oil sector took a strategic leap forward today with the unveiling of a Floating Storage and Offloading (FSO) vessel of 2.2 million barrels...
