Transitions

Gabon’s New Political Era: Embracing Change Amid Uncertainties For decades, Gabon, nestled in the heart of West Africa, lived under the shadow of the Bongo dynasty. Over 56 years of their rule, many would argue that power seemed less distributed and more like a family heirloom. However, the tides of change came unexpectedly in 2023 when Brice Oligui Nguema rose to power, promising a divergence from authoritarianism. It's remarkable to consider how a nation can pivot from such a…

In a significant pivot, Dangote Refinery has announced a temporary halt to the sale of petroleum products in Naira. This decision appears to be a strategic move to sidestep the complexities arising from a disparity between revenues generated in Naira and the obligations tied to dollar-denominated purchases of crude oil, as reported by Premium Times. Without a doubt, this shift means that oil marketers will now be compelled to transact in dollars for crucial commodities, such as petrol and diesel. The implications are…