By Erwin Seba HOUSTON, Dec 1 (Reuters) – Oil prices rose more than 1% on Monday following drone attacks by Ukraine, the closure of Venezuelan airspace by the United States, and OPEC’s decision to leave output levels unchanged in the first quarter of 2026. Brent crude futures settled at $63.17 a barrel, up 79 cents, or …
Oil climbs over $1 a barrel on OPEC action, Ukraine attack Read More »
By Shadia Nasralla and America Hernandez LONDON, Dec 1 (Reuters) – Britain and the Netherlands are withdrawing a combined $2.2 billion in support for the TotalEnergies-led Mozambique LNG project, they said separately on Monday, after both hired firms to probe human rights concerns surrounding the development. Britain’s government said it was rescinding its $1.15 billion …
Britain, Netherlands withdraw $2.2 billion backing for Total-led Mozambique LNG Read More »
By Isaac Anyaogu LAGOS, Dec 1 (Reuters) – Nigeria’s Dangote Refinery said on Monday it is able to deliver 1.5 billion litres of petrol a month and invited the sector regulator to validate daily volumes after the watchdog published data saying it was supplying only around a third of that. The argument that refineries in …
Nigeria’s Dangote Refinery says it can deliver 1.5 billion litres of petrol in December Read More »
By Elisha Bala-Gbogbo and Shamsuddin Mohd ABUJA, Dec 1 (Reuters) – Nigeria’s economic growth slowed to 3.98% year-on-year in the third quarter, data showed on Monday, as inflation and tight monetary policy weighed on activity. Growth in services and agriculture, as well as rising oil production, drove the economic expansion in July-September, but overall economic …
Nigeria’s economy grows 3.98% in Q3, driven by non-oil sector Read More »
LONDON, Dec 1 (Reuters) – African state-owned institutions are now managing a record $1 trillion in assets, according to a monthly report from sovereign fund tracker GlobalSWF. Assets managed by public pension funds, central banks and sovereign wealth funds have grown as the continent is increasingly turning inward for investment due to cuts in concessional …
Africa nears record $1 trillion in state-owned assets under management Read More »
By Maxwell Akalaare Adombila ACCRA, Dec 1 (Reuters) – French nuclear fuels group Orano said on Monday a uranium shipment from its expropriated SOMAIR mine in northern Niger last week posed “serious safety and security risks”, citing threats of diversion of the radioactive material and breaches of international transport rules. Orano said on November 27 …
France’s Orano says uranium convoy from seized Niger mine poses safety risks Read More »
ABUJA, Dec 1 (Reuters) – Nigeria’s upstream regulator on Monday announced the start of its 2025 oil licensing round, offering 50 blocks for bidding as Africa’s biggest crude producer seeks to boost output and attract new investment. The Nigerian Upstream Petroleum Regulatory Commission said the round includes 15 onshore blocks, 19 in shallow waters, 15 frontier …
Nigeria launches 2025 oil licensing round, offers 50 blocks Read More »
JOHANNESBURG, Dec 1 (Reuters) – South Africa’s Pick n Pay said on Monday its chief financial officer, Lerena Olivier, will step down after the retailer’s annual general meeting next year, as the retailer battles mounting losses and fierce competition. The company has appointed Tina Rookledge, a former regional managing partner at EY Western Cape, to …
South Africa’s Pick n Pay CFO Lerena Olivier to step down in 2026 Read More »
JOHANNESBURG, Dec 1 (Reuters) – A monthly gauge of South African manufacturing sentiment saw its sharpest drop of the year in November, a purchasing managers’ index (PMI) survey showed on Monday. The seasonally-adjusted PMI sponsored by South African bank Absa fell to 42.0 in November from 49.2 in October. A reading below 50 indicates decreased …
South African manufacturing sentiment plunges in November Read More »
Dec 1 (Reuters) – Tullow Oil on Monday launched a major board reset and appointed independent non-executive director Roald Goethe as chair, replacing Phuthuma Nhleko, as the West Africa-focused oil producer looks to refinance its debt. The company also announced the immediate departure of three independent non-executive directors, shrinking the size of the board to …
Tullow Oil appoints new chair in board overhaul amid refinancing talks Read More »
