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Nigeria commits to 11.85% interest on $3.3bn Afrexim Bank loan, offers 164 million barrels as security The $3 billion emergency loan was secured to stabilize...
Nigeria needs power to stop investors from fleeing Chronic electricity shortages have been a perennial problem in Nigeria, which has Africa’s biggest economy and population....
2023 was a bad year for commodities Heading into 2023, leading Wall Street prognosticators almost universally predicted plenty of pain for the U.S. stock market...
OPEC’s influence on oil prices to remain significant in 2024 At their latest meeting in early December, the Organization of Petroleum Exporting Countries and its...
OMCs cut fuel prices Some major Oil Marketing Companies (OMCs) have initiated a downward adjustment in petroleum product prices effective January 1, 2024. This development...
China restores coal tariffs in threat to Russian exporters China has restored import levies on coal from the beginning of the year, a move that...
Sanctions are crushing Russia's ambitious LNG export projects Russia may have to put its plans to significantly boost its eastbound pipeline gas exports and its...
BoG Forex Auction: 13 BDCs purchase $20m at GHS 12.14/$1 Bulk Oil Distribution Companies (BDCs) undertook a substantive transaction with the Bank of Ghana (BoG)...
Africa becomes a focal point in Russia's global strategy When Wagner mercenary force founder Yevgeny Prigozhin was killed in a fiery plane crash in August,...
Nigeria nearing first-ever deal to supply gas to South Africa Nigeria-based Riverside LNG said it’s in talks to supply gas to South Africa, in what...