Nigeria
Istanbul-listed Aksa Enerji obtains $300mn six-year loan from Africa Finance Corporation
Funding will finance power plant investments across African continent.
Nigeria’s NNPCL begins exporting new Cawthorne crude grade to Europe
Nigeria has begun exporting a new crude grade, Cawthorne, with the first cargo shipped to Europe as the NNPCL seeks to expand its export slate, boost production and improve its competitiveness in global oil markets.
Russian crypto payment system A7 to expand to Africa
A7 is reportedly preparing to expand into Africa, including a planned launch in Togo, while already operating in Nigeria and announcing a presence in Zimbabwe.
Nigeria exports 950,000 barrels of new Cawthorne blend crude in first lifting from FSO terminal
Nigerian National Petroleum Company Limited has exported 950,000 barrels of a new Cawthorne blend crude, marking the first lifting from the FSO Cawthorne facility — Nigeria’s first new crude oil terminal in 50 years.
Africa’s ports and airlines gain as Red Sea crisis reshapes global trade routes
Some African economies are winners from the Iran war. From Kenya to Nigeria, they are registering sharp gains in trade, aviation and energy revenues as the conflict between the US, Israel and Iran disrupts traditional shipping.
Afreximbank underwrites $2.5bn of $4bn loan to Nigeria’s Dangote oil refinery
Afreximbank has underwritten $2.5bn of a $4bn syndicated loan for the Dangote Refinery in Nigeria, supporting Africa’s largest refining project and boosting energy security.
US cuts Nigerian crude imports by 47% in January as Angola, Ghana gain share
US imports of Nigerian crude oil fell 47% m/m to 1.664mn barrels in January 2026, as Angola and Ghana increased shipments and Nigeria’s share of the US crude market dropped to 0.88%.
Refined oil products caught in Iran war energy shock maelstrom
The sharp rise in refined oil product prices is intensifying the economic fallout from the latest energy shock, compounding the effects of disrupted crude flows and tightening supply chains.
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Hormuz tensions raise inflation and energy security risks for Africa, says senior investment analyst
A senior investment analyst examines how the ongoing Middle East military conflict and rapidly climbing oil and gas prices are affecting African economies, supply chains and cost of living.