Nigeria has cut down on petrol imports as it ramps up domestic refining capacity, with the Dangote Refinery playing a major role in boosting production. According to Business Insider Africa, South Africa has surpassed Nigeria to become Africa’s largest importer of petrol, signalling a major shift in the continent’s energy trade dynamics. The new report…
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced that the Port Harcourt Refining Company (PHRC) will undergo a scheduled maintenance shutdown starting May 24, 2025. This planned intervention is part of NNPC’s broader strategy to fully restore refining operations and lessen Nigeria’s reliance on imported petroleum products. As preparations unfold, NNPC Ltd. is…
The company is consistently advancing and enhancing its logistics infrastructure, reinforcing its role as a key player in Africa’s rapidly growing e-commerce ecosystem. Jumia has launched its logistics service in Nigeria to boost shipping efficiency and provide greater convenience for customers. With a successful launch in Côte d’Ivoire, Jumia Delivery is set to offer individuals…
The Nigerian National Petroleum Company (NNPC) introduced the naira-for-crude deal with local refineries 5 months ago to ease pressure on foreign exchange and lower prices. When Nigeria officially began selling crude oil and refined petroleum products in naira to local refineries on October 1, 2024, it sparked high expectations for price stability and a more…
Adenike Onasoga is a global supply chain leader, business executive, and author of World’s first supply chain children’s book “Semira and the Toy Trailblazers”. Recognised as one of the 100 Most Influential Women in Supply Chain and 30 African Women Inspiring Innovative Solutions by Supply Chain Africa, Adenike is a thought leader shaping the future…
The Nigerian National Petroleum Company (NNPC) Shipping, Stena Bulk, and Caverton Marine Limited have officially signed a groundbreaking joint venture to transform Nigeria’s maritime transportation sector. Announced yesterday, this strategic partnership is set to boost shipping operations, energy logistics, and marine services, positioning Nigeria as a key player in Africa’s maritime industry. The agreement, signed…
Access Bank PLC is set to host its first-ever Africa Trade Conference (ATC), a transformative event aimed at reshaping Africa’s economic future. Scheduled for March 12 in Cape Town, South Africa, the conference will bring together top trade, finance, and policy leaders under the theme: “Empowering Africa Through Trade, Innovation, and Sustainable Growth.” With Africa’s…
Africa’s most populous country continues to battle inflation as government economic reforms impact the manufacturing sector. Nigeria’s rising inflation rate continues to weaken household purchasing power, making many essential and non-essential goods out of reach for a significant portion of the population. This trend has resulted in a 12.9% increase in the inventory of unsold…
The Nigerian Federal Government has adopted the Cape Town Convention (CTC) Practice Directions, which is expected to transform airline operations and provide a significant boost to the nation’s aviation. On September 12, 2024, the Chief Judge of the Federal High Court, Justice John Terhemba Tsoho, officially signed the CTC Practice Directions during a stakeholders’ meeting…
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