Egypt Maintains Constant Domestic Fuel Prices in a Quarterly Review.
In a quarterly review, Egypt’s gasoline pricing committee kept domestic fuel prices the same, according to a statement from the…
Year: 2022
After the Lokoja Flood, Here’s Why Petrol Is Still Limited in Abuja, Nigeria – IPMAN.
The president of the Independent Petroleum Marketers Association of Nigeria (IPMAN), claims that despite the flood that caused traffic gridlock…
UK Finance Minister Kwarteng Has Been Sacked.
Kwasi Kwarteng, Britain’s finance minister, was fired after less than six weeks on the job, according to the The government’s significant…
Oil Climbs on China’s Fuel Recovery Hopes.
Following a 6.4% decline the previous week, Brent crude futures increased 81 cents, or 0. 88%, to $92.44 per barrel.…
Nigeria’s Imports of Rice Decrease From 98.4% to 15metric Tons In 7 Months.
Between January and July 2022, Nigeria’s imports of rice from the Thai Rice Exporters Association (TREA), one of the top…
Rising Yields Worsen the Stock Market’s Negative Outlook.
The central bank’s decision to raise interest rates to 15. 50 percent in response to the acceleration of inflation; and…
Roughly Three-quarter of Twitter’s Staff Will be Laid Off.
The Washington Post stated that a $44 billion purchase of Twitter by billionaire Elon Musk may result in a wave…
Galp’s Quarterly Earnings Increased 16% in Portugal Due to Higher Oil Prices and Stronger Margins.
Due to rising oil prices and an almost doubling of its refining margin, Portuguese oil and gas company Galp Energia…
Nigeria Opposes the Court’s Release of Separatist Leader Kanu Ruling.
Kanu leads the Indigenous People of Biafra (IPOB), which campaigns for the secession of a part of southeastern Nigeria; where…
US and UK Issue Warning About Potential Attack in Nigerian Capital.
The United States and Britain issued a warning over a potential terrorist assault in Abuja, the federal capital of Nigeria;…
Russian “Massive” Strike Causes Lights to Go Out in Ukraine.
As the war approaches its eighth month, Russia has increased its attacks on power plants, water delivery networks; and other…
Putin Says Russia has Enlisted 222,000 Men In The Military.
Russia’s partial mobilization is almost over, it will be completed in about two weeks. By now 222,000 men out of…
Central Kiev Hit by Kamikaze Drones
Mayor Vitaly Klitschko has confirmed that several explosions rocked central Kiev amid reports of a new wave of drone strikes;…
Flooding: FG to Send Delegation to Cameroon as Affected Nigerians Rise to 2.5 million
The terrible flooding that has harmed more than 2. 5 million people in Benue, Kogi, Anambra, and other states as…
Kogi Communities Jubilate As Dangote Cement Obajana Plant Reopens
There were huge scenes of jubilation among affected host communities; following the Federal Government’s order for the immediate reopening of…
Nigeria Has a Chance To Increase Its Revenue as a Result of China’s Decision To Stop Selling LNG To Europe.
On October 17, Bloomberg reported that China had instructed its state-owned natural gas importers, including Sinopec and the China National…
International Telecommunications Union Sets Agenda for Rural Connectivity in Nigeria
The International Telecoms Union (ITU), the world authority in charge of telecommunications, has stated that it is collaborating with the…
Fraudster Forfeits N40 million in Bitcoins and iPhones to the Nigerian FG.
1.982, 022, 84 units of Bitcoin, valued at N40 million and belonging to a suspected online fraudster, were ordered to…
Russian Military Confirms Major Prisoner Exchange With Ukraine.
As part of a significant prisoner exchange with Kiev, a total of 110 Russians have returned home from Ukraine; this…
UK Prime Minister Truss Refuses to Resign
Despite requests from other Conservative MPs, British Prime Minister Liz Truss indicated she had no plans to resign. She made…
Atleast 10 Hospital Employees in Nigeria’s Niger State Are Abducted by Gunmen.
In northwest Nigeria, armed bandits seeking money have abducted or killed hundreds of people. Officials from the Niger state have claimed that the Islamise militant group Boko Haram has seized control of a number of areas there; paying the residents to join their cause in fighting the government. After invading a general hospital, gunmen kidnapped at least 10 healthcare professionals; this occurred in Nigeria’s Niger state and killed an undetermined number of people, according to hospital and military sources. While a security source reports that two people were killed as a result…
Nigeria’s Inflation Increased to 20.77% in September, According to NBS.
Nigeria’s inflation jumped to 20.77% in the month of September, 2022. This was stated in the National Bureau of Statistics’…
Nigeria Air Will Fly In December, according to Buhari
According to President Muhammadu Buhari, the establishment of a national airline for Nigeria is 91% complete; and is to start…
9 Ghanaians Get 72 Years Jail Term For Smuggling 10,843kgs Cannabis Into Nigeria
On October 14, nine Ghanaians who had been detained for trying to smuggle 10,843. 95kg of marijuana into Nigeria across…
China Stops Providing LNG Energy to the EU as Winter Approaches.
Bloomberg reported that China has instructed its state-owned gas importers to halt reselling liquefied natural gas (LNG) to international customers;…
UBA America hosts the International Banking Conference from October 17–21, 2022, Emefiele, Alawuba, and others Drive the Conversation.
The discussions on global economic trends at the 2022 edition of the UBA Group International Banking Conference will be led…
Nigeria LNG’s Force Majeure Status, According to Portugal’s Galp, Might Affect Supply Chains.
Portugal’s oil and gas company Galp Energia said it may face additional sourcing disruptions after Nigeria LNG declared force majeure…
Ghana’s Cedi Ranks Last in the World Against the Dollar.
As speculators continued to force foreign cash into the west African nation prior to an agreement with the International Monetary…
U.S. Lawmakers Accuse Trump Of Defrauding Country As President.
According to papers made available by the committee, the former president’s company, The Trump Organisation, charged the nation’s secret service…
As Flooding Hampers the Supply of Gas, Nigeria LNG Announces Force Majeure.
Due to significant flooding that has hampered supplies, Nigeria LNG has declared force majeure; according to a company representative. The…