After a nine-day standoff, Benin has announced a partial lifting of the blockade on Niger’s crude oil exports passing through its territory. This move comes amid a diplomatic tussle between the two neighbors.
The blockade, imposed on May 6, aimed to pressure Niger to reopen its land borders, which have been closed since last year. Benin's action underscored its determination to reopen formal economic exchanges, including oil transit, through its territory.
The decision to partially lift the blockade followed mediation led by Chinese officials who arrived in Cotonou on Wednesday morning. The Chinese delegation, headed by the Ambassador to Benin, engaged with the Beninese President and sector officials.
They agreed that Benin would allow Chinese vessels to load the first available volumes of Niger’s crude. However, the Beninese Energy Minister stressed that this authorization will not be a guideline for the operation of the Benin-Niger pipeline. He assured that Benin had no intention to harm Niger's interests or those of their common partner, China.
The Benin minister said this thawing opens the door to talks between both parties but mentioned no date. The discussions aim to address urgent issues related to the proper conduct of operations.
For Niger, the resumption of crude shipments ensures timely repayment of its $400 million loan from China, secured against oil revenues. The loan carries a 7% interest rate and a one-year repayment period.
Africa’s AI adoption is accelerating, but its ability to scale depends primarily on foundational i...
African billionaires increased their combined net worth by $21.9 billion in 2025. Nigerian b...
Development Partners International sold its 20.17% stake in Atlantic Business International for mo...
Flutterwave acquired Nigerian open banking startup Mono in an all-share deal valued between $...
Africa’s energy & mining exports benefit from US tariff exemptions, cushioning trade as most other...
The Canadian miner plans a private placement of up to $36 million Funds are expected to support progress at the Dasa uranium project in...
Production is projected at over 150,000 tons, a historic high Output would rise 76% year on year, marking a third straight increase Higher...
AI courses will be compulsory for all government employees, regardless of role Training aims to improve public service delivery and administrative...
Four exploration wells showed commercially viable oil and gas flows Initial output reached about 4,500 barrels of oil and 2.6 million cubic feet of...
Located at the mouth of the Senegal River, about twenty kilometers from the Atlantic Ocean, Saint-Louis Island holds a distinctive place in the country’s...
Benin considers hosting a pan-African cultural event inspired by FESMAN but plans to use a different name. Culture Minister Jean-Michel Abimbola...