By Alex Lawler LONDON (Reuters) – OPEC oil output fell last month, a Reuters survey found on Monday, reflecting lower exports from Iraq and Nigeria against a backdrop of ongoing voluntary supply cuts by some members agreed with the wider OPEC+ alliance. The Organization of the Petroleum Exporting Countries pumped 26.42 million barrels per day …
OPEC oil output falls in March, led by Iraq – Reuters survey Read More »
ABIDJAN (Reuters) – Ivory Coast’s President Alassane Ouattara will increase the official cocoa farmgate price to 1,500 CFA francs ($2.47) per kg from Tuesday from the current 1,000 CFA, sources at five different export companies said. The sources, who requested anonymity because of the sensitivity of the issue, said they were citing a decision at …
Ivory Coast to raise cocoa farmgate price by 50% Read More »
NAIROBI (Reuters) – Kenya’s inflation fell in March compared with a month earlier, driven by falling prices of some food items and transport costs, the statistics office said on Friday. Inflation dropped to 5.7% year-on-year in March from 6.3% in February, the Kenya National Bureau of Statistics said in a statement. On a month-on-month basis, …
(Reuters) – The Moroccan government gave the green light on Friday for Chinese electric battery maker BTR New Material Group to build a factory near Tangier to produce key component cathode. The plant, to be built at a cost of 3 billion dirhams ($300 million), will have a production capacity of 50,000 tonnes, Morocco’s investment …
China EV battery maker BTR to build cathode plant in Morocco Read More »
KAMPALA (Reuters) – The son of Ugandan President Yoweri Museveni has pledged to fight corruption in the military after taking over as its top commander, a move widely expected to accelerate his rise to eventually succeed his father. Museveni, 79, who has led Uganda for 38 years, named 49-year-old son Muhoozi Kainerugaba as the East …
Ugandan president’s son vows crackdown on graft after taking over military Read More »
By Daphne Psaledakis and Ernest Scheyder WASHINGTON (Reuters) – The United States speaks regularly with the Democratic Republic of Congo’s state miner Gecamines, a senior State Department official told Reuters, as Washington seeks to deepen relationships with key suppliers of cobalt and copper across the African continent. WHY IT’S IMPORTANT Chinese aggressive investment across Congo, …
US talks often with Congo’s Gecamines on cobalt and copper, official says Read More »
(Reuters) – Nigeria’s central bank on Thursday announced new minimum capital requirements for banks in a bid to enhance banks’ resilience and strengthen the country’s financial system. The Central Bank of Nigeria said it is pegging the minimum capital base for commercial banks with international authorization at 500 billion naira ($353.32 million). The central bank …
Nigeria’s central bank sets minimum capital base for banks Read More »
By Lewis Krauskopf and Amanda Cooper NEW YORK/LONDON (Reuters) -A gauge of global share markets was barely changed on Thursday as it was poised to end the quarter with solid gains, while a strong dollar kept the yen near its weakest in decades amid the threat of intervention from Japanese authorities. Wall Street’s main stock …
Stocks subdued, yen in focus, with inflation data on tap Read More »
By Camillus Eboh ABUJA (Reuters) – Two executives from Binance, the world’s largest cryptocurrency exchange, have sued Nigeria’s national security adviser’s office and the anti-graft agency for violating their fundamental rights and asked the court to set them free. Tigran Gambaryan, a U.S. citizen and Binance’s head of financial crime compliance, and Nadeem Anjarwalla, a …
Detained Binance executives sue Nigeria’s security adviser, anti-graft agency Read More »
By Laila Kearney NEW YORK (Reuters) -Oil prices jumped more than $1 a barrel on Thursday, closing out the month higher on the prospect of OPEC+ staying the course on production cuts, ongoing attacks on Russia’s energy infrastructure and a falling U.S. rig count tightening crude supplies. Brent crude futures for May settled at $87.48 …
Oil rises more than $1 a barrel on tighter supply outlook Read More »
