The Nigerian Navy, Forward Operating Base (FOB), Ibaka has arrested three suspected oil thieves carrying 2,000 litres of petrol with the intention of smuggling it to the Republic of Cameroon.…
Category: Financial and Economic News
Flaring Russia-Ukraine Tensions Spark Pound US Dollar Exchange Rate Losses
November 20, 2024 – Written by John Cameron STORY LINK Flaring Russia-Ukraine Tensions Spark Pound US Dollar Exchange Rate Losses The Pound US Dollar (GBP/USD) exchange rate weakened on Tuesday…
Niger moves to revive $2.5b sugar industry
In an effort to leverage the Food Security Emergency declared by President Ahmed Bola Tinubu’s administration in 2023, Niger Foods, in partnership with the Nigeria Sugar Development Council, has taken…
Germany’s Services Sector Contracts as Manufacturing PMI Stays Deep in Contraction
Is Manufacturing Showing Any Signs of Recovery? While manufacturing production remains in decline, the Manufacturing Output Index edged up to 43.2, a five-month high. However, this improvement reflects a slower…