EU eyes gas supply agreement with Nigeria after fallout with Russia
The European Union has concluded plans to sign a gas supply agreement with Nigeria following a disagreement with Russia. Moscow...
Ghana’s parliament okays $750 million Afreximbank loan
The Ghanaian lawmakers have approved the first batch of a $1 billion loan target which the Government hopes to seal...
Unstoppable: Rai family becomes Kenya’s leading sugar manufacturer with the launch of their fourth milling plant
The $44-million Naitiri Sugar Company, which started milling in May, would produce at least 6,000 tonnes of sugar per day....
Central Bank of Nigeria warns Nigerians to stop converting naira to dollar
The Central Bank of Nigeria (CBN) has issued a stern warning to Nigerians converting Naira to the US dollar. According...
Outcry as Central Bank of Nigeria raises interest rate again
The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday again raised the Monetary Policy Rate from 13...
NNPC fails promise and approves N179 per litre pump price
The Nigerian National Petroleum Company (NNPC) Limited has approved a new pump price after weeks of promises that it will...
IMF approves $235.6 million budget-support loan for Kenya
The Executive Board of the International Monetary Fund (IMF) has approved a $235.6 million loan disbursement to Kenya. Ikeanumba Africa...
MRS, Oando increases fuel price, as fuel scarcity hit NNPC
Oil marketers have increased the price of Premium Motor Spirit (PMS) against the warning of the Federal Government, as fuel...
Investors selling off investments in oil futures over recession fears
Hedge fund managers are selling off oil futures amid fear that projected recession could cause demand for the commodity to...
OPEC’s demand forecast drags crude oil prices down
Brent and the West Texas Intermediate (WTI) crude oil fell Tuesday evening, as the Organization of Petroleum Exporting Countries (OPEC)...