Commodities
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Niger To Nationalize Uranium Venture Operated by France
Niger’s government said Thursday it would nationalize the Somaïr uranium venture operated by French company Orano and accused it of…
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Oil Prices Soars to Record Level as Iran Warns US After Nuclear Sites Bombing
Iran said on Monday that the U.S. attack on its nuclear sites expanded the range of legitimate targets for its…
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Dangote $29 Billion Refinery Makes First Fuel Export to Asia
Africa’s richest man, Aliko Dangote is preparing to export Nigeria’s first fuel shipment to Asia, in what is seen as…
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China’s Zhongman Petroleum Awarded Natural Gas Block in Algeria
China’s Zhongman Petroleum and Natural Gas Group (ZPEC) said it won a tender to explore and develop a natural gas…
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Oil Prices Jump More than 1% on Middle East Supply Fears
Oil prices rose more than 1% on Wednesday after reports that Israel could be preparing to strike Iranian nuclear facilities…
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Afreximbank Launches $3 Billion Fund for Intra-African Oil Trade
The African Export-Import Bank (Afreximbank) has unveiled a $3 billion Revolving Intra-African Oil Trade Financing Programme aimed at supporting African…
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Gold Price Hits $3,500 as Investors Seek Heavens
Institutional investors are reallocating capital as global recession fears rise, driven by concerns over U.S. President Donald Trump’s evolving trade…
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Trump’s Foreign Aid Freeze Threatens Africa’s Critical Minerals Corridor
A billion-dollar U.S.-backed railway project in Africa, vital for transporting critical minerals to global markets, is facing delays due to…
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Russia Keeps Oil Exports Flowing Despite Sanctions with New Shipping Tactics
Russia has once again demonstrated its ability to navigate Western sanctions, keeping crude oil exports moving through its main Pacific…
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Africa Energy Bank to Begin Operations with $5 Billion in Equity
The long-planned Africa Energy Bank will begin operations this quarter with $5 billion in equity from member nations and shareholders,…
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