Cocoa beans rot in Ivory Coast after commodity crash/in /by
In 2024, a surge in cocoa on international markets reached more than $12,000 per metric ton, the highest in decades. Then it crashed to around $4,000 as supply outstripped demand
Cocoa crash leaves West African farmers struggling despite global chocolate demand/in /by
Cocoa farming supports an estimated six million farming families across West Africa, along with tens of millions more in related supply chain roles.
Nigeria: M/East War Pushes Up Petrol, Food Prices/in /by
[Daily Trust] Escalating tensions in the Middle East are beginning to ripple across Nigeria's economy as rising global crude oil prices push up the cost of petrol, triggering increases in transport fares and food prices in several parts of the country.
Strait of Hormuz crisis: War in the Middle East drives oil over $100/in /by
Brent crude jumped 17 percent today to trade at $107 a barrel. That’s the highest level since 2022, when Russia’s invasion of Ukraine roiled global energy markets.
Kenya evacuates tourists as death toll from flooding rises/in /by
At least 42 people have died, local media reported Monday. Most of the deaths occured in the capital, Nairobi
Mojtaba Khamenei: Iran’s new supreme leader/in /by
Mojtaba Khamenei, the son of late Iranian supreme leader Ali Khamenei who has been appointed as the new head of the Islamic republic, is a discreet figure who offers continuity of his father's hardline leadership
Nigeria: Again, Dangote Refinery Raises Petrol Gantry Price As Iran Conflict Rattles Oil Market/in /by
[Premium Times] The Dangote Petroleum Refinery has increased its petrol gantry price by N121 to N995 per litre, citing rising crude costs and supply disruptions linked to the escalating United States-Israel conflict with Iran.
Nigeria: Dangote Refinery Commits to Energy Stability Amid Global Refineries Shutdown/in /by
[Vanguard] Dangote Petroleum Refinery & Petrochemicals has indicated its commitment to stabilising energy supply to Nigeria amid recent shocks in the international oil market.
Nigeria: What Resolution of 30-Year OPL 245 Dispute Means for Nigeria – Govt/in /by
[Daily Trust] The federal government has said the resolution of the long-running dispute over OPL 245 marks a significant turning point for Nigeria's economy, the oil and gas sector, and the country's reputation in the global investment community.
Nigeria: States Reject Removal of Power Subsidy, Others From Federation Account/in /by
[Daily Trust] States governments under the Federal Account Allocation Committee (FAAC) Postmortem Sub-Committee have expressed concern on the growing scale of deductions from federation revenues, including power-related subsidy obligations, debt write-offs, and operational costs deducted at source.