Isaac Anyaogu

Nigeria's Dangote Refinery, the largest on the continent, is ​expected in October to seek to raise around $5 billion in Africa's biggest IPO listing yet, after months of strong earnings, ‌boosted by the disruption caused by the Iran war.

Former world boxing champion Zolani "Last Born" Tete was shot dead outside his ​home in South Africa's Eastern Cape province ‌on Friday, police and the country's sports minister said.

Dangote Petroleum Refinery's planned October IPO, which could become Africa's largest, is designed to let Nigerians share in the company's growth, its CEO ​told Reuters, adding that a foreign listing is at least three years away.

Nigeria approved tax waivers for nearly 4,000 electric vehicles in the first ​half of this year, government data showed, as authorities push to accelerate nascent EV adoption despite chronic electricity shortages.

Nigeria has introduced stamp duty on certain crypto transactions and withholding ​taxes that industry players say could undermine ‌adoption of digital assets in one of the world's most active retail crypto markets.

Nigeria plans to publish indicators tracking poverty, incomes and inequality as President Bola Tinubu's government seeks to show that ​economic reforms are improving living standards in Africa's largest economy, ‌the finance minister said on Thursday.

Nigeria's Dangote Petroleum Refinery has begun pricing fuel products for the local market in U.S. dollars, ​with a company spokesperson on Tuesday citing difficulties securing ‌sufficient crude under the government's naira-for-crude programme and rising global oil prices.

ExxonMobil and its partners will invest $1 billion in the Usan Infill Project offshore Nigeria, a development expected to ​add 40,000 barrels per day (bpd) of oil production, ​Nigeria's upstream regulator said on Wednesday.

Nigeria's Dangote Group plans to finance a proposed 700,000-barrel-per-day oil refinery in Kenya through internal cash flow, bonds ​and an initial public offering, a senior company executive told ‌Reuters.

Several nonprofits including Friends ​of the Earth France sued oil major TotalEnergies in a French civil court on Wednesday, seeking to obtain ‌environmental documents related to an onshore Nigerian oil asset it is attempting to sell.