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Tag: Russia-Ukraine war

Telegram CEO unveils plans to enhance content moderation
News

Telegram blocks Ukrainian military bots amid Russia-Ukraine crisis

Ukraine’s military intelligence agency GUR on Monday announced that the administrators of the Telegram messaging platform had blocked several official bots that were actively opposing Russia’s military aggression against Ukraine. In a statement posted on Telegram, GUR expressed disappointment over the “unreasonable” blocking of official bots, including the main Intelligence bot, which stood against Russia’s […]

Business email hack rises by 1,760% in 2023 – Report
News Tech

Ukraine’s largest mobile operator hit by cyberattack

Millions of people were unable to access internet and mobile services on Tuesday after the worst cyberattack targeted Kyivstar, the largest mobile network provider in Ukraine. More than half of Ukraine’s population, or 24.3 million mobile users, and over 1.1 million home internet users are served by Kyivstar. The CEO Oleksandr Komarov stated that the […]

EU invests €3bn, generates 160,000 jobs in Nigeria yearly - Ambassador
Energy

Europe’s energy bills hits 800 billion euros

Researchers stated on Monday that the amount spent by  European countries to protect people and businesses from rising energy expenses has risen to about 800 billion euros. Researchers have urged countries to be more strategic in their expenditure to address the energy crisis. The analysis by think-tank Bruegel, showed that European Union  countries have set […]

A picture of the Energy Minister, Saudi Arabia Prince Abdulaziz bin Salman
Business

EU sanction may affect energy supply, Saudi minister warns

Saudi Energy Minister, Prince Abdulaziz bin Salman warned on Saturday that the sanctions being imposed by the European Union will have adverse effect on the energy sector resulting in the shortage of supplies. According to Reuters, the minister said this at an industry conference in Riyadh, the state capital of Saudi Arabia in response to […]

Ukraine: Russia lost only 8.5% of Western firms, says report
Business

Ukraine: Russia lost only 8.5% of Western firms, says report

A Swiss study has revealed that despite widespread outrage over Moscow’s war in Ukraine, only a few Western companies have deserted Russia. Researchers at the University of St. Gallen and at the IMD institute in Lausanne have delved into how many companies based in the European Union and in G7 countries have actually divested from […]

News

Nigeria’s wheat import suffers major fall – NBS

The National Bureau of Statistics has revealed that Nigeria imported durum wheat for N753.6 billion in the first nine months of 2022. According to the figures, this is a 16.1% decrease from the N898.2 billion in durum wheat imports during the same time in 2021. The fall in Nigerian wheat imports may be ascribed to […]

News

Toyota shuts Russian factory over supply chain issues

Toyota announced Friday it was closing its assembly line near Saint Petersburg, in a new example of supply chain problems dogging firms operating in the sanctions-hit country. The industrial site spanning over 224 hectares (554 acres) suspended production in March, shortly after the start of Russia’s military operation in Ukraine. “Toyota has decided to stop […]

Naira fall'll worsen Nigeria’s food, energy crisis — W’Bank
Economy

Commodity price surge to become global problem – World Bank

The World Bank on Monday said that recent commodity price shocks, particularly in food and energy, are likely to be felt by people around the world. This was disclosed in the international financial institution’s Commodity Markets Outlook cited by AMBusiness. According to World Bank’s Senior Economist, Peter Nagle, Ukraine and Russia are both large exporters […]

Agribusiness

Avert disruption in wheat value chain, analysts task FG

Local industry analysts have called on the Federal Government to take a swift and deliberate action to cushion the effects of the disruptions in the global wheat market on Nigeria’s wheat value chain. The call was made in a recently published review of the global wheat market, following the war between two top wheat exporting […]

Oil production: Angola, Libya overtake Nigeria, says OPEC
Oil and Gas

Nigeria may lose out as China, India eye Russian oil

Nigeria may lose its largest crude oil buyers, China and India, as both countries plan to negotiate Russian oil at discount prices. India is said to be asking Russia for below $70 per barrel discount price. The duo’s move comes as Europe considers banning Russian oil due to the country’s invasion of Ukraine. OPEC’s Secretary-General, […]

Economy

Russia-Ukraine: Higher food prices may cause unrest in Nigeria -IMF

The International Monetary Fund has said higher food prices as a result of the Russia-Ukraine war might cause unrest in Nigeria, other Sub-Saharan Africa countries, Latin America, the Caucasus, and Central Asia. It added that food insecurity is likely to increase in parts of Africa and the Middle East. It disclosed this in a blogpost […]