Chinese logistics companies are scaling back operations in the Middle East and reallocating resources to Africa, Southeast Asia, and the Americas.
Tensions are rising in Nigeria after a disputed military claim about a deadly church attack in Kaduna state.
[Scrolla] South Africa gets 80% of diesel from the Middle East since Iran blocked fuel exports through the Strait of Hormuz. Local fuel prices are rising because India added a new tax of R3.90 for every litre of imported diesel fuel.
Iran has rejected a 45-day ceasefire proposal and says it wants a permanent end to the war.
Pope Leo XIV is expected in Algeria next week, for the first step of his Africa tour. He will visit Algiers before travelling to Annaba, the home of the ancient Christian theologist Saint Augustine.
[Daily Trust] The Budget Office of the Federation has said Nigeria's continued borrowing to fund its budget should not be seen as a weakness, noting that many countries rely on borrowing to bridge fiscal gaps.
[Premium Times] The Middle East conflict has triggered a sharp rise in global oil prices, forcing governments worldwide to adopt emergency measures to shield their economies.
[This Day] The Dangote refinery, Africa's largest, has increased export of petrol and urea to African countries hit by supply disruptions caused by the Iran war, its owner, Aliko Dangote said yesterday.
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