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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 […]

Economy

Bakers threaten shutdown as diesel price soars

Bakers under the aegis of Premium BreadMakers Association of Nigeria are mulling a total shutdown of operations, following steady and fast increases in the price of diesel in the past few days. The association said the continued rise in the price of diesel had made the price of the commodity to be doubled, warning that […]

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  • 14th March 2022
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