Emerging Markets

Oil Slides as Iran Sanctions Fail to Stop Selling

US crude proxy fell sharply Tuesday on Iran negotiation hopes and a surprise US inventory build. Petrobras, YPF, Ecopetrol tracked…

Bitcoin Slips Under US$80,000; Stablecoins Rule LatAm

Bitcoin settled at US$78,565 on Tuesday after briefly piercing $80K. Altcoins fell harder while Latin American volumes stay domina…

FG blames concessionaire for Benin-Asaba road failure, plans concession review

The Federal Government has blamed the concessionaire of the Benin-Asaba Expressway for the deteriorating condition of the highway …

Zinc Wrap: Nexa Jumps 3.94% as LME Zinc Tightens Further

LME zinc held a four-year peak on Tuesday with cash at a $134 premium, lifting Nexa Resources 3.94% and Buenaventura 2.10%. Chines…

Lithium Wrap: LIT, Albemarle, SQM Fall on Aug 25

LIT, Albemarle and SQM slid on Tuesday, August 25, 2026 as Chinese futures reversed. Read the Lithium Triangle and EV-battery dema…

Iron Ore Wrap: Vale ADRs Rise 1.93% on Steady China

Iron ore held near flat on Tuesday, August 25, 2026, while Vale's New York shares jumped. Read the drivers for Brazil's mining gia…

Dangote Refinery raises petrol price again to N1,200/litre

Dangote Refinery has raised its gantry price for Premium Motor Spirit (PMS), popularly known as petrol, by N15 to N1,200 read more…

Gold, Silver Ease From Three-Month Highs

Gold held near a three-month high while silver pulled back on Tuesday. A softer dollar and lower real yields framed the move. Here…

Nigeria doesn’t need another fuel subsidy debate. It needs a credible mechanism

When former Vice President Atiku Abubakar unveiled the petroleum component of the Atiku Economic Recovery Plan (AERP), the immedia…

Agri-processing is the anchor load rural mini-grid need – PIND CEO

As West Africa navigates the dual pressures of macroeconomic shifts and climate change, the race to build sustainable, climate-res…

IMF urges Nigeria, AU’s largest economies to deepen fiscal, monetary, governance reforms

The International Monetary Fund (IMF) has called on Nigeria and other major African economies to deepen reforms across fiscal poli…

Saipem and CHEC Land Algeria’s Big Phosphate Contracts

Sonatrach and the Algerian Fertilizers Company awarded engineering contracts to Saipem and China Harbour Engineering for a phospha…

Afreximbank’s Profit Rose 30% in a Rough Year for Its Members

The Cairo-based trade bank reported net income of US$534.7 million for the first half of 2026, with lending up and non-performing …

Record 70,177 Tonnes Lift Congo’s Kipushi Into Zinc’s Top Three

Kipushi produced a record 70,177 tonnes of zinc in the second quarter as prices reached their highest level since 2022, lifting a …

Kagame Says Rwanda Wants a Stake in Dangote’s Lamu Refinery

Rwanda is weighing a stake in the US$16 billion refinery Aliko Dangote plans at Lamu, President Paul Kagame said, though he cautio…

Cloud dependence exposes African AI startups to hidden cost risks – Expert

African AI startups could be exposed to hidden financial and operational risks from their dependence on cloud computing providers,…

Nigeria’s Exports to China Jump 81% After Tariffs End

Nigerian goods sold to China reached US$2.25 billion in the first half of 2026, an 81% rise, after Beijing scrapped tariffs on 53 …

Shell and NNPC Sign Terms for US$21 Billion Bonga Project

NNPC and its partners signed an addendum to the OML 118 production sharing contract, moving the Bonga South West Aparo deepwater p…

US$286 Million in African Music Royalties Goes Missing Every Year

A new US programme is training African artists, producers and officials in intellectual property, targeting royalties that never r…

A Frozen US$140 Million Loan Stalls Cameroon’s First Bauxite Mine

AFG Bank Cameroon suspended disbursements on a US$140 million facility, and Canyon Resources withdrew its timetable for shipping t…

Angola Awards US$492.89 Million Dam Deal to Its Own Lender

A presidential decree hands Capanda rehabilitation work to a consortium including Gemcorp, whose credit lines with the finance min…

MTN to develop 150MW AI data centres in Nigeria, South Africa with UAE-backed investor

MTN Group plans to develop AI-enabled data centres with an initial capacity of about 150 megawatts (MW) across Nigeria and South A…

Nigeria has bought macroeconomic stability. Now it must make it worth the price

Nigeria has spent three years paying for economic stability. Now it must show what the purchase was for. The reforms read more Nig…