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FG earned N5.04tn from oil in 11 months – CBN

Between January and November last year, the Federal Government made about N5.04tn from the sale of oil, figures obtained from the Central Bank of Nigeria have revealed. The oil revenue, according to the CBN economic report for November, was lower than the N8.77tn revenue target

Kenya Plans Iran Tea Mission as U.S. Row Rages

Kenya will next month send its third tea trade mission to Iran in the last four years as it seeks to retain the Tehran market despite mounting challenges resulting from US sanctions. The director general of Agriculture and Food Authority (AFA) Anthony Muriithi said the

Zimbabwe Hunger Woes to Persist Beyond 2021, Says Fews Net

ZIMBABWEANS shall need more time to free themselves from the current hunger catastrophe with a report by Famine Early Warning Systems Network (FEWS NET) indicating locals may require continued food assistance up to 2021. The report, shared on FEWS NET’s website, indicates Zimbabwe is an

NNPC, Shell, Total, Eni Sign $10bn Deal for NLNG Train 7

The Nigerian National Petroleum Corporation (NNPC) and other shareholders of the Nigeria Liquefied Natural Gas Limited (NLNG) which include Shell, Total and Eni yesterday announced the Final Investment Decision for the take-off of Train 7 Project of the NLNG. The Train 7, which would deliver

Nigeria achieves, exceeds target on crude production cut

Nigeria has consistently met and exceeded its crude oil production cut target which it voluntarily entered into as a member of the Organisation of Petroleum Exporting Countries, the Federal Government declared on Sunday. It also gave assurances of its total commitment to the full implementation

Nigeria’s inflation rises, hits 11.85%

From 11.61 per cent in October 2019, Nigeria’s inflation rate increased to 11.85 per cent in November 2019, the National Bureau of Statistics, has said. The bureau released the latest inflation figures on Tuesday. “The urban inflation rate increased by 12.47 percent (year-on-year) in November

Zimbabwe: Government Scraps Duty On All Foodstuffs

Government has removed duty on all foodstuffs as a way of ensuring their availability as well as protect hard-pressed citizens against the continued inflationary pressures that have resulted in constant price increases. Last week, Cabinet announced the removal of import duty on wheat and maize