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Saudi Arabia To Cut Oil Supply By 1m Barrels

Saudi Arabia To Cut Oil Supply By 1m Barrels

The Saudi Arabian government has finalised plans to reduce its global export by taking a unilateral step to prop up the sagging price of crude. This decision is coming after two previous cuts to the…

Adesina: Africa Have Necessary Technology To Eradicate Hunger

Adesina: Africa Have Necessary Technology To Eradicate Hunger

The President of the African Development Bank President (AfDB), Dr Akinwumi A. Adesina on Monday stated that Africa has the necessary partnerships and technologies to eradicate hunger, saying all that is needed is action including…

CBN Breaks Silence, Says We Did Not Devalue Naira

CBN Breaks Silence, Says We Did Not Devalue Naira

The Central Bank of Nigeria (CBN) has debunked the news making the rounds that it has devalued the Nigeria Naira. Reports had earlier emerged that CBN devalued Naira from N631 to the dollar from N461.60…

NMDPRA Assures Nigerians Not To Panic Over Subsidy Removal

NMDPRA Assures Nigerians Not To Panic Over Subsidy Removal

Following the announcement made by President Bola Tinubu during his inaugural speech on Monday, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has cautioned against the current panic over the planned removal of the…

Nigeria Spends Huge In Servicing Foreign Debt

Nigeria Spends Huge In Servicing Foreign Debt

The released data by the Central Bank of Nigeria (CBN) has revealed that the Federal Government spent $894 million to service foreign debt obligations from January to April 2023. The export and international payment data…

British Prime Minister, Rishi Sunak Vows To Reduce Immigration Figures In UK

British Prime Minister, Rishi Sunak Vows To Reduce Immigration Figures In UK

The Prime Minister of the United Kingdom, Rishi Sunak has vowed to reduce the number of legal immigrants in the country. Rishi Sunak’s public declaration followed the announcement made by the British government to restrict…

Qatar, Bahrain Resume Direct Flights

Qatar, Bahrain Resume Direct Flights

The Qarar Airway on Thursday revealed that Qatar and Bahrain will resume direct flights commencing from May 25. Taking to it’s verified Twitter handle, the Qatar Airways wrote, “Daily flights to Bahrain are starting today.…

Again, Nigeria GDP Growth Falls – NBS

Again, Nigeria GDP Growth Falls – NBS

The National Bureau of Statistics (NBS) on Wednesday revealed that Nigeria’s Gross Domestic Product (GDP) growth has declined to 2.31 per cent in the first quarter (Q1) of 2023. According to reports, the 2.31 per…

Kenya Partners EU To Ship Fresh Produce By Sea

Kenya Partners EU To Ship Fresh Produce By Sea

Growing concerns that horticulture exports are contributing significantly to carbon emissions have prompted Kenya to shift the transportation of produce to the key European market from air freight to sea freight over the next 10…