[ad_1] Nestle ramps up sourcing in Nigeria, other African countries Nigeria last week allowed naira currency to drop as much as 36% Nestle has given local suppliers letters of intent…
Tag: NG
As Nigeria scraps fuel subsidy, a vibrant black market collapses
[ad_1] [1/5]Yaouba Ahmadou, in white dress, a semi-wholesaler of Nigeria’s contraband fuel speaks with his workers in Garoua, Cameroon June 21, 2023. REUTERS/Desire Danga Essigue Smuggled Nigerian fuel widely traded…
Saudi to make new voluntary cuts as part of OPEC+ deal – source
[ad_1] LONDON, June 4 (Reuters) – Saudi Arabia will make new voluntary cuts as part of an OPEC+ deal, an OPEC+ source told Reuters on Sunday. Two other OPEC+ sources…
South Africa’s Pick n Pay warns earnings may fall again if blackouts persist
[ad_1] JOHANNESBURG, May 4 (Reuters) – Pick n Pay’s (PIKJ.J) 2023 earnings may not exceed those of the previous year if rolling power cuts persist, the South African supermarket chain…
OPEC oil output falls on Iraq, Nigeria outages, Reuters survey finds
[ad_1] LONDON, May 2 (Reuters) – OPEC oil output fell in April due to a halt in some of Iraq’s exports and delays to Nigerian shipments, a Reuters survey found…
Spread of COVID-19 Delta variant knocks oil demand outlook -IEA
[ad_1] LONDON, Aug 12 (Reuters) – Rising demand for oil abruptly reversed course in July and is set to proceed more slowly for the rest of the year due to…
Reaction: OPEC output cuts to roil markets
[ad_1] April 2 (Reuters) – A surprise production cut by Saudi Arabia and other Middle East producers has caught the energy industry flat-footed and will lift global prices with little…