Economy

Economy

Economics and Sociology

Iran War Strains African Airlines

Iran War Strains African Airlines

Africa-Press - Nigeria. The African Airlines Association has warned that the American-Israeli war on Iran has led to rising fuel prices and...
China Turns to African Oil after Iran Ban

China Turns to African Oil after Iran Ban

Africa-Press - Nigeria. The petrochemical company Hengli, one of the largest independent refining companies in China, has begun shifting towards purchasing oil...
East Africa Budgets Face War and Debt Pressure

East Africa Budgets Face War and Debt Pressure

Africa-Press - Nigeria. The governments of Kenya, Uganda, and Tanzania have presented their budgets for the fiscal year 2026-2027 amid increasing economic...
IMF Warns Nigeria over UAE Bank Swap Deal

IMF Warns Nigeria over UAE Bank Swap Deal

Africa-Press - Nigeria. The International Monetary Fund has warned of risks surrounding Nigeria's plan to borrow up to $5 billion through a...
Nigeria: Dangote Refinery Plans to Double Output

Nigeria: Dangote Refinery Plans to Double Output

Africa-Press - Nigeria. The Dangote refinery in Nigeria has achieved a new milestone by raising its crude oil processing rate to over...
Trans-Sahara Gas Pipeline Work Begins

Trans-Sahara Gas Pipeline Work Begins

Africa-Press - Nigeria. Algeria, Nigeria, and Niger have initiated work on the Algerian section of the Trans-Saharan gas pipeline project in the...
Africa Growth Stays Resilient Amid Global Turmoil

Africa Growth Stays Resilient Amid Global Turmoil

Africa-Press - Nigeria. African economies are expected to grow by 4.2% in 2026, a slight decrease from the 4.4% recorded in 2025,...
Africa Growth Stays Resilient Amid Global Turmoil

Africa Growth Stays Resilient Amid Global Turmoil

Africa-Press - Nigeria. African economies are expected to grow by 4.2% in 2026, a slight decrease from the 4.4% recorded in 2025,...
India Buys Oil from West Africa

India Buys Oil from West Africa

Africa-Press - Nigeria. India has purchased approximately 5 million barrels of crude oil from West Africa and the Middle East through a...
Iran War could Push Oil to $150 a Barrel

Iran War could Push Oil to $150 a Barrel

Africa-Press - Nigeria. Bilal Shaib, an economic expert, confirmed that the American war on Iran is exacerbating existing crises such as the...