serraj tobruk deputy mayor

Nigeria greenlights Seplat Energy’s buy of ExxonMobil’s Nigerian unit

Nigerian President Muhammadu Buhari, who doubles as oil minister, has granted consent to the acquisition of ExxonMobil’s Nigerian unit by Seplat Energy, in a $1.28 billion deal announced in February. According to the statement published Monday, Buhari granted the consent in his capacity as minister of petroleum resources and, in consonance with the country’s drive […]

Italy, Egypt edging towards multi-billion arm deal as relation thaw

The Italian government is on the verge of rubber-stamping a large arm sale to Egypt as relations between the two countries warm up. The deal, which includes frigates, Eurofighter Typhoons, and a military satellite, has been already endorsed by the Ministry of Defense, La Republica reports. Italian and Egyptian media had reported earlier this year […]

Algeria artificially inflates GDP with no impact on economic activity or living conditions

President Abdelmadjid Tebboune has set a headline-grabbing target of an Algerian gross domestic product set to surpass $400 billion by end-2027. State news agency APS quoted him saying the milestone would be reached “at the very latest,” a pledge he and allied outlets have reiterated since 2024. On paper, that would mean well over 50% […]