Dangote: Nigeria’s Petrol Consumption Is 33m Litres Daily, Not 50m Litres/day

There is an  ongoing controversy over the actual volume of Nigeria’s daily petrol consumption, with experts and industry stakeholders holding differing views amid claims of data inflation by the Dangote Group president, Alhaji Aliko Dangote. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) estimates the nation’s petrol consumption at around 50 million litres daily, […]

Stanbic IBTC Signs CNY800m Loan Partnership With China Development Bank

Stanbic IBTC Bank, has signed a three-year, CNY800 million term loan agreement with China Development Bank (CDB). This landmark facility, executed under the strategic collaboration framework between the  Standard Bank Group (SBG) and CDB, marks a significant milestone in deepening financial cooperation between Africa and China. The facility underscores Stanbic IBTC Bank’s direct access to […]

South African MK Party Supports Morocco’s Sovereignty Over Western Sahara Breakaway

The uMkhonto weSizwe (MK) Party of South Africa has backed Morocco’s sovereignty over the Western Sahara breakway and expressed support for the kingdom’s autonomy plan. Former President of South Africa and leader of the MK party, Jacob Zuma, stated that his party believed Morocco’s Autonomy Proposal allows for significant local governance by the populations of […]