African markets and business updates

The Mzansi Top Trader demo competition allows traders to refine their strategies and gain practical experience, while competing for a share of $25,000 South Africa’s online trading landscape is expanding rapidly, driven by a new generation of financial enthusiasts entering the market with increasing confidence and curiosity. Trusted by over 20-million traders worldwide and with more than 15 years of industry expertise, has built a strong reputation as a reliable global broker. The brand’s local presence in South Africa has grown over the past three years, with a clear focus on trader deve

Ivanhoe Mines annonce une perte au premier trimestre, tandis que le projet Kamoa-Kakula intensifie sa production. La société a indiqué que les coûts de production du kipushi restaient dans la fourchette basse des prévisions, à 0.86 $/lb, malgré l'instabilité persistante du réseau électrique en RDC. Vue aérienne du site minier de Platreef, montrant l'infrastructure de surface existante, ainsi qu'un aperçu des emplacements des futurs concentrateurs des phases 2 et 3, adjacents au concentrateur actuel de la phase 1. Ivanhoe Mines a signalé , pénalisée par un ajustement fiscal de 183 millions de dollars au complexe de cuivre de Kamoa-Kakula, même si la société a enregistré de solides résultats o

Training on the Recent Reforms to Strengthen the Public Investment Management System (PIMS) Framework. Finance Fri, 05/08/2026 - 08:37

The Livestock minister said the establishment of the Ministry was a deliberate policy move by the federal government to unlock the sector’s economic potential and position Nigeria as a leading destination for livestock investment in Africa.

By Godwin Oritse A group of concerned licensed customs agents and maritime stakeholders under the aegis of the Association of Nigeria Licensed Customs Agents (ANLCA) has petitioned the Inspector-General of Police over alleged interference of the Marine Police in port operations. Specifically, they accused the Police unit of blocking and extorting importers of duly cleared cargoes from Lagos ports. In the petition dated May 6, 2026 and signed by John Ofobike, a former Chairman of the Apapa Chapter of ANLCA, the group called for the urgent intervention of the association’s leadership over the malpractice. Ofobike also alleged that, for several months, the activities of officers of the Maritime Police have gone beyond lawful enforcement to deliberate harassment, obstruction, and extortion of consignments already duly processed and cleared by the Nigeria Customs Service. The petition partly reads: “I write this open letter with a heavy heart and as a last resort, to seek your urgent intervention against the persistent, unlawful, and extortionate interference of the Maritime Police Command in the legitimate customs clearing process at our seaports. “For several months, the conduct of officers of the Maritime Police has moved beyond lawful enforcement into deliberate harassment, obstruction, and extortion of consignments that have already been duly processed and cleared by the Nigeria Customs Service (NCS). “Goods backed by valid Single Goods Declaration (SGD), duty payment receipts, and Customs Release Orders are being forcefully stopped at the point of Terminal Delivery Order (TDO) processing, at shipping companies, or at bonded terminals. Our members and importers are subjected to hours and sometimes days of unwarranted detention of already cleared goods, repeated demands for “documentation verification,” and outright monetary demands before containers are released from these illegal blockages. “This is happening in clear violation of the Federal Government’s 48-hour cargo clearance directive and the statutory role of the Nigeria Customs Service as the lead agency at the ports.” The post Customs agents protest Marine Police disruption of legitimate trade appeared first on Vanguard News.

By Udeme Akpan, Energy Editor & Ediri Ejor Crude oil prices including Nigeria’s Bonny Light has dropped significantly to $98 per barrel amid growing speculation that the US-Iran war — a major factor driving the current market instability — may soon come to an end. But contrary to expectations pump prices in Nigeria remained high as marketers who had responded swiftly with price mark up earlier in the week following upswing in crude oil price refused to revert to previous price. Crude oil prices began declining after President Donald Trump stated that efforts were ongoing to end the US-Iran conflict, fueling optimism across the global oil market. The decline marks the lowest level in the past three weeks after prices had hovered between $110 and $120 per barrel at the height of tensions between the United States and Iran. According to Reuters: “Oil prices fell 3% on Thursday, bouncing off session lows in volatile trade but staying down about 3%, keeping Brent below $100 a barrel on hopes that a U.S.-Iran peace deal could bring a gradual reopening of the Strait of Hormuz. “Brent crude futures were down $3.21, or 3.17%, at $98.06 a barrel at 11:21 a.m. ET (1521 GMT). U.S. West Texas Intermediate declined $3.15, or around 3.31%, at $91.93. “Trading was volatile, with both benchmarks trading in a range of up 1% to down 5.5% from the previous close. Both benchmarks slumped more than 7% on Wednesday, hitting two-week lows on optimism over a possible end to the Middle East conflict.” Market operators resist adjustment. Checks by Vanguard indicated that depot owners have continued to sell the product at N1,285 per litre. Depots selling at N1,285 per litre include A.A. Rano, African Terminal, Aiteo, Ascon and Bono, while some others sell at even higher prices. At filling stations, checks showed that MRS sold petrol at N1,332 per litre in Lagos and its environs, while many others — especially independent marketers — retailed the product at N1,342 per litre and above depending on location. The bottom range in few other fuel stations run by major marketers were selling at between N1,320 and N1,325 in Lagos. The checks further showed mounting pressure on midstream and downstream operators to respond to developments in the global oil market. The Chief Executive Officer of Petroleumprice.ng, Olatide Jeremiah, confirmed the pressure on domestic market operators, saying: “There is a mismatch. Depot prices are not reacting to the continuous fall in crude oil prices, and this could be traced to limited supply of refined products across different petroleum depots in Nigeria. “This is the result of having a few dominant suppliers. Prices are determined by some of the market leaders and not international benchmarks.” Similarly, the National President of the Oil and Gas Services Providers Association of Nigeria, OGSPAN, Mazi Colman Obasi, said: “Since we have a deregulated market where prices are determined by market forces, we should expect domestic prices to adjust in the coming days or weeks if the current global oil market conditions remain unchanged.” The post Oil price drops, marketers keep pump price high appeared first on Vanguard News.

Riyadh aims to reposition itself in Bangui

Officials discussed resources investments as Washington tries to break China’s control of critical minerals production

Director Ben Wheatley references classics in film about a sheriff in a small town Ulysses, a mild but disillusioned police officer, arrives in icy Minnesota to start an eight-week stint as substitute sheriff in the surprisingly prosperous small town of Normal. The previous sheriff has died in mysterious circumstances. As he recovers from a traumatic episode in his own career, his aim is to serve out his time as quietly and uneventfully as possible and then leave the town pretty much as he found it. Unsurprisingly, events swiftly take a very different, not to mention ultra-violent, turn. The snowbound setting,

Artworks from ‘Atlas of Uncertainty’ depict life in Joburg, Nairobi and Accra In my previous column, I wrote about artworks from the exhibition “Atlas of Uncertainty: Transforming African Cityscapes”, which depict aspects of life in Johannesburg. But Joburg is only one of three urban hubs that are the focal points in this project; its counterparts are Nairobi and Accra, the capitals of Kenya and Ghana, respectively. In South Africa, conversations about key issues affecting people across the continent tend to be infected by a dangerous combination of parochialism and exceptionalism — the small-minded notion