* Fitch predicts 20% hit to Nigerian bank revenues this year * Central bank measures exacerbate lending, FX shortage woes * Economy faces COVID-19, oil price shock double whammy By Continue Reading
The COVID-19 pandemic has affected the completion of the Dangote Refinery and also crippled a critical segment of the Ebute-Metta to Apapa segment of the Lagos to Ibadan rail project. Continue Reading
Russia’s Lukoil said July 27 that it has reached an agreement with Cairn Energy to take a 40% stake in the Rufisque, Sangomar and Sangomar Deep (RSSD) project offshore Senegal Continue Reading
Military contractors linked to the Kremlin have seized control of two of Libya’s largest oil facilities in recent weeks, heightening tensions between Russia and the U.S. over Moscow’s growing footprint Continue Reading
Lauded in the early stages of the pandemic for taking decisive steps to limit Covid-19 infections, South Africa is now battling one of the world’s fastest-growing coronavirus outbreaks that is Continue Reading
Ethiopia’s prime minister said negotiations on Tuesday with Egypt and Sudan had paved the way for an agreement over the country’s hydroelectric dam on one of the Nile River’s tributaries, Continue Reading
Ghana’s independent power producers, which produce almost half of the country’s electricity, say they could stop supply over government debt that amounted to $1.4 billion as of June 30. The debt Continue Reading
Violent clashes erupted over the weekend between two armed groups in the Brega region, in Libya’s Oil Crescent, the Libyan National Oil Corporation said in a statement. “Violent Clashes took Continue Reading
If Afghanistan is the proverbial “graveyard of empires,” Libya is becoming a crucible for would-be regional powers. The intractable civil war that has carved apart the oil-rich North African country is in reality a multisided Continue Reading
South Sudan’s oil production has dropped by 20,000 b/d to 170,000 b/d because of the impact of surging coronavirus cases, which has led to disruptions in operations at oil fields, Continue Reading
