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Shell to Lead Offshore Drilling in South Africa’s Block 2C

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Shell to Lead Offshore Drilling in South Africa’s Block 2C

Pretoria, December 8, 2025 – South Africa’s legacy national oil company, PetroSA, has approved a landmark agreement granting Shell Offshore a 60 percent working interest in Block 2C, located off the country’s west coast in the promising Orange Basin. The deal marks a major shift in offshore exploration strategy and significantly expands Shell’s footprint in one of Africa’s hottest potential hydrocarbon regions. Under the farmin arrangement, Shell will pay a USD 25 million signing bonus…

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Nigeria’s New Cash Withdrawal Caps Signal a Stronger Push Toward Cashless Economy

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Nigeria’s New Cash Withdrawal Caps Signal a Stronger Push Toward Cashless Economy

Abuja — The Central Bank of Nigeria has introduced new cash withdrawal limits that will take effect on 1 January 2026, marking one of the most significant shifts in the nation’s cash management policy in recent years. The revised framework limits individual account holders to weekly cash withdrawals of up to six hundred thousand naira, while corporate organisations will be capped at five million naira per week. Withdrawals that exceed these thresholds will attract processing…

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As Foreign Banks Depart, African Economies Face Urgent Call for Competitiveness Reform

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As Foreign Banks Depart, African Economies Face Urgent Call for Competitiveness Reform

Nairobi, Kenya – African economies are entering what analysts describe as a critical juncture, as a wave of withdrawals by foreign banks prompts an urgent reassessment of competitiveness, regulation and financial sector strategy across the continent. Recent years have seen a growing exodus of major global banking institutions from Africa. European and UK-based banks that for decades operated in multiple African markets are now scaling down or completely exiting. According to latest reports, Africa’s overall…

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Nigerians Shine at TikTok Awards: Rising Stars Gain Global Spotlight

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Nigerians Shine at TikTok Awards: Rising Stars Gain Global Spotlight

Abuja, Nigeria – December 8, 2025 – Nigerian creators have recorded an impressive showing at the 2025 TikTok Awards, securing multiple top category wins and reinforcing the country’s growing influence across global digital culture. The event, which celebrated outstanding creativity and engagement on the platform, highlighted the rising dominance of Nigerian music, comedy, lifestyle content, and short-form storytelling among international audiences. Fast rising artiste Shallipopi emerged as Artiste of the Year following a year of strong…

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