Business

China Oil Demand May Shrink for First Time Since 2002 as Covid Curbs Bite

Hundreds of millions of Chinese who hit the roads and fly during the Mid-Autumn Festival and early October's Golden Week…

2 years ago

Nigeria’s $15.7bn 2022 Fuel Subsidy Projection to Exceed All 36 States’ Budget

Oil theft of 400,000 bpd translates to $1.2bn every month, the combined budget of Osun, Ekiti and Kwara.

2 years ago

Nigeria’s Crude Oil Underproduction to Persist over Prolonged Repairs at Forcados Terminal

The repairs to a subsea hose have stopped exports of Forcados crude, which is the single largest export grade.

2 years ago

Foreign Airlines Hike Airfares Further as Nigeria Allegedly Reneges on Payment of Trapped Fund

Economy return ticket sold in March at N300,000 is now N1.7m and airlines could charge as much as N1m for…

2 years ago

Oil Prices Fall Further as China Extends Covid Curbs

Chengdu extended a lockdown for a majority of its more than 21 million residents on Thursday.

2 years ago

Ugandan Farmers Benefit from Using Natural Fertilizers

With fertilizer prices more than doubling in the region in the past year, it’s a greener and cheaper alternative for…

2 years ago

New Apple iPhone Will Be Available in Russia, Trade Minister Says

Apple halted new sales in Russia after Russia invaded Ukraine but Apple goods have remained available.

2 years ago

Elon Musk $258 Billion Dogecoin Lawsuit Expands

According to an amended complaint, Musk, Tesla Inc, SpaceX and others intentionally drove up the price of Dogecoin more than…

2 years ago

Oil Price Drops to Seven-month Low on China Lockdown, Recession Fears

It came 48 hours after OPEC and its allies cut their October supplies to the global economy by 100,000 barrels…

2 years ago

Nigeria to Punish Foreign Airlines Selling Tickets in Dollars

Aviation Minister Hadi Sirika said the interest of Nigerians would be protected and no violator will be spared.

2 years ago