Nigeria’s downstream petroleum sector is once again caught in a standoff, and this time it centers on a question that seemed largely settled just a year ago: why is a country with a 650,000 barrel-per-day refinery still importing large volumes of petrol from abroad. The Dangote Petroleum Refinery and Petrochemicals has issued a pointed warning … Read more
Zimbabwe Is Restricting Raw Lithium Exports, but a Chinese Mining Company Just Got an Extra 300,000 Tons Zimbabwe’s push to keep more of its lithium wealth at home is running into an awkward reality: even as the government tightens export controls on raw ore, one of the country’s biggest Chinese mining operators just secured permission … Read more
Another African Country Wants In on Dangote’s $16 Billion Refinery African countries Dangote refinery,Rwanda has become the latest country to signal interest in Aliko Dangote’s planned $16 billion oil refinery in Kenya, with President Paul Kagame confirming his government is in early discussions about acquiring an equity stake in the East African facility. Kagame told … Read more
Stablecoin card spending forecast to hit $50 billion a year by 2028 – RedotPay projects massive crypto payment card growth RedotPay, the Hong Kong based stablecoin payments firm that currently leads the crypto card market by volume, is projecting that annual spending on stablecoin linked cards could climb to roughly $50 billion by 2028. It … Read more