Ghana’s parliament okays $750 million Afreximbank loan
The Ghanaian lawmakers have approved the first batch of a $1 billion loan target which...
Market
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...
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...
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...
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...
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...
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...
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...
OPEC’s demand forecast drags crude oil prices down
Brent and the West Texas Intermediate (WTI) crude oil fell Tuesday evening, as the Organization...
Angola edges Nigeria to remain Africa’s biggest oil producer for second straight month
Angola has retained its position as the biggest oil producer in Africa for the second...