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Nigeria’s oil trade dynamics shifted dramatically in 2025, with crude imports linked to the Dangote Refinery reaching $3.74 billion—an unexpected development for a nation traditionally known for exporting crude rather than importing it. This data comes from the latest Balance of Payments report released by the Central Bank of Nigeria, which identified the refinery’s […]
Recent viral videos expose two starkly different faces of illegal mining in Nigeria. On TikTok, a man named Abdul Aminu Gwaska allegedly showed his 173,000 followers, piles of cash, flaunting wealth from unregulated mining operations in Ilesha, Osun State . His videos raised concerns about how such large-scale operations can exist so openly under […]
Diversified natural resources company, Exxaro Resources has reported strong operational and financial results for the year ended December 31, 2025, amid the realisation of its diversification strategy. The company reports a 3% year-on-year increase in group revenue to $41.8-billion, with coal production and sales having both increased by 1% to 39.9-million and 39.6-million […]
We’ve Limited Capacity to Shield Fuel‑price Shock from Israel-Iran War, Says South Africa South Africa’s National Treasury has said it has limited capacity to shield consumers from increases in energy price hikes arising from the situation in the Middle East over the United States -Israel and Iran conflicts. Treasury Director-General Duncan Pieterse […]
Core Lithium has secured firm commitments to raise A$120-million through a two-tranche institutional placement, completing the equity component of the funding package for the restart of its Finniss lithium operation in the Northern Territory. The placement, priced at A$0.21 a share, will see the company issue about 571-million new shares and was strongly […]
The Chinese Embassy in Zimbabwe has issued a fresh warning to its nationals and companies operating in Zimbabwe following new government measures restricting the export of raw minerals, including lithium concentrates. In a notice published on Thursday, the embassy urged Chinese investors to strengthen risk awareness and ensure full compliance with Zimbabwe’s evolving […]
Toubani Resources, an Australia-listed mining company focused on developing gold projects in West Africa, has begun construction of its Kobada project in Mali, betting on strong global demand for gold despite rising political and regulatory risks in the country. The $216 million project is part of a broader wave of mining investments across […]
The International Atomic Energy Agency (IAEA) has backed Rwanda’s progress toward developing a nuclear power programme, following an eight-day review mission that assessed the country’s readiness to introduce nuclear energy into its power mix. The Integrated Nuclear Infrastructure Review (INIR) mission, conducted at Kigali’s request between March 2 and 9, found that Rwanda […]
By Momodu Favour Iranian state television has reported the death of a senior military official, identifying the deceased as Ali Mohammad Naini, the spokesperson of Iran’s powerful Islamic Revolutionary Guard Corps (Islamic Revolutionary Guard Corps). According to the broadcast, Naini was killed amid continued Israeli military operations targeting Iranian-linked positions and leadership structures. The […]
By Momodu Favour The European Union has reaffirmed its commitment to providing a €90 billion ($104.2 billion) financial support package to Ukraine, even as Hungary continues to oppose the plan. Speaking after a high-level summit in Brussels, European Commission President Ursula von der Leyen said the bloc is determined to move forward with the funding. […]
