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Yemisi Lanre-Idowu

UAE Exit OPEC As Oil Prices Surge

The United Arab Emirates has announced on Tuesday, that it is exiting OPEC and OPEC+ (Organization of the Petroleum Exporting Countries), a move that...

Dangote Meets Tinubu, Urges De-escalation Amid Middle East Oil Crisis

Aliko Dangote, President of the Dangote Group, has urged for calm and diplomatic resolution amid escalating tensions in the Middle East, warning that the...

NLC Calls For Merger Of Power And Petroleum Ministries To Fix Nigeria’s Energy Crisis

The Nigeria Labour Congress has called on the Federal Government to merge the Ministries of Power and Petroleum Resources into a single Ministry of Energy as...

Why Africa’s Aviation Sector Is Bracing For A Jet Fuel Crisis

​The cost of taking flight in Africa is currently moving faster than the planes themselves. As the conflict between the U.S., Israel, and Iran...

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Guinea Moves To Become West Africa’s Gold Refining Hub With New Export Ban

Guinea is stepping up efforts to become a leading gold refining hub in West Africa as it seeks to process more of its precious metals locally instead of exporting raw gold abroad. Mines Minister Bouna Sylla said the country has built one of Africa’s largest gold refineries, with...

IMF Says Malawi Loan Programme Depends On Government’s Reform Commitment

The International Monetary Fund (IMF) says it is prepared to move quickly on a new credit programme for Malawi but has stressed that any financial support will depend on the government’s commitment to implementing key economic reforms. IMF Resident Representative Nelnan Koumtingue said discussions with Malawian authorities are...

FCCPC Warns Fuel Marketers Against Exploiting As Global Oil Prices Fall

The Federal Competition and Consumer Protection Commission (FCCPC) has warned operators in Nigeria’s downstream petroleum sector against exploiting consumers by failing to reflect the significant decline in global crude oil prices in retail fuel prices. As of the time of filing this report, global benchmark Brent crude was...