Nigeria to revise inflation reporting after artificial spike expected in December
Nigeria’s statistics authority says it will revise its inflation reporting methodology after data due next week is expected to show an artificial spike in December inflation, officials and economists said. The expected jump comes from a technical quirk in how price data are weighted late in the year — a factor that could temporarily push... Read More
Sudan’s energy crisis deepens amid ongoing conflict
After more than two years of conflict, Sudan is facing a deepening energy crisis as the country’s oil production and refining capacity collapse. Fighting has forced the shutdown of major oil fields and refineries, leaving production severely disrupted and crippling the nation’s energy supply. In December, operations at the Heglig oil field, Sudan’s largest, were... Read More
United States completes first sale of Venezuelan oil
The United States has completed its first sale of Venezuelan oil, generating around $500 million, a US official said Wednesday, the first major energy transaction since Washington’s dramatic intervention in Venezuela earlier this month. The sale is part of a broader $2 billion agreement between the US and Venezuelan authorities, and officials say more oil... Read More
Ivory Coast: Cocoa industry in limbo as prices fall
Ivory Coast, the world’s top cocoa producer, is facing an unprecedented deadlock. Since October last year, with prices plummeting on the global market, exports have been slow and stocks are building up. The industry has been left in limbo, as Marty Somda, director of Cabend cooperative, explains. “Today, producers are dying. Producers are dying of... Read More
Nigeria, Somalia, Egypt: US suspends visa applications for 26 more African countries
US foes and friends alike are getting caught up in Trump’s global campaign against immigration. The Donald Trump administration is indefinitely suspending immigrant visa applications for people from 75 countries, including almost half of Africa. Consular officers have been told to stop processing applicants from 26 African nations starting 21 January while the State Department reassesses how... Read More
AFCON: NFF reveals why Super Eagles skipped bronze medal ceremony
The President of the Nigeria Football Federation (NFF), Ibrahim Gusau, has revealed why the Super Eagles skipped the medal ceremony at the 2025 Africa Cup of Nations (AFCON). The Super Eagles secured third place after beating Egypt 4-2 on penalties. However, the players were noticeably absent during the ceremony after the final match between Senegal... Read More