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JUST IN: CBN raises interest rate to 16.5% to tame inflation
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has voted to increase Monetary Policy rate (MPR), the...
Read moreCBN increases interest rates on savings deposit to 4.2%
The Central Bank of Nigeria (CBN) has directed banks in the country to pay savings deposit accounts an interest rate...
Read moreNMDPRA to fast-track issuance of reviewed petroleum regulations
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it is working to ensure issuance of midstream and downstream...
Read moreJust in: CBN raises interest rate to 14%
The Central Bank of Nigeria, on Tuesday, raised the Monetary Policy Rate (MPR) which measures interest rate to 14 per...
Read moreGermany’s energy giant hit by gas crisis seeks government bailout
Germany’s Uniper (UN01.DE), a major energy company is seeking a government bailout due to the financial impact of dwindling supplies of Russian...
Read moreRussian ruble hits 7-Year high, threatening export competitiveness
The Russian ruble surged to a seven-year high on Monday, and sparked a debate in Moscow on whether the central...
Read morePresident Biden declare energy emergency with respect to electricity generation
US President, Joseph R. Biden Jr, has declared a state of emergency with respect to threats to the availability of...
Read moreRussia’s Gazprom halts gas deliveries to Finland
Russia's Gazprom has completely halted the delivery of gas to Finland on Saturday, 21st May 2022. The halt came after...
Read more10 EU countries quietly buying Russian gas with rubles
In the wake of Russia's Vladimir Putin demanding for "unfriendly" countries to pay for Russian gas with rubles, multiple and...
Read moreThe United Kingdom to approve first new coal mine in 30 years
The United Kingdom's first deep coal mine in 30 years is on the verge of being greenlighted to go into...
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