Breaking news and insights at nigerianewsservice.com
On Thursday, oil prices increased significantly after Trump revoked Chevron’s license to operate in Venezuela, raising concerns over global supply. Brent crude rose 2.1% to $74.04, while US crude climbed …
Oil Prices Surge Amid Geopolitical Tensions and Currency Dynamics Read More
The Malian government has implemented stricter regulations on artisanal gold mining following a rise in fatal accidents. New measures include the establishment of funds for rehabilitating abandoned sites and enhancing …
Mali Enhances Regulations for Artisanal Gold Mining Following Fatal Incidents Read More
Global investors are increasingly attracted to Nigerian assets as reforms initiated by the Central Bank of Nigeria bolster confidence in the economy. As the Nigerian economy moves towards recovery by …
Increased Global Investment in Nigeria Amid Financial Sector Reforms Read More
U.S. President Trump’s threat to withdraw Chevron’s operating license in Venezuela may plunge the nation into deeper economic turmoil, reducing oil exports and exacerbating the already significant crisis. Economists warn …
Implications of Chevron’s License Revocation for Venezuela’s Future Read More
Oil prices rose on Thursday after President Trump’s decision to withdraw Chevron’s Venezuela license, reversing a previous downtrend. Brent crude increased to $72.77 and WTI to $68.80 per barrel. Market …
Oil Prices Rise Following Trump’s Cancellation of Chevron’s Venezuela License Read More
On Tuesday, Oman and Murban crude premiums fell, whereas Dubai’s premium rose slightly. U.S. sanctions on Iran contributed to rising oil prices and supply concerns. Taiwan’s CPC secured six million …
Middle East Crude Market: Oman and Murban Premiums Decline Amid Rising Dubai Prices Read More
Sugar prices have plummeted to 1-1/2 week lows amidst a revised forecast showing a global sugar deficit for 2024/25. The Brazilian real’s strength has curtailed exports, and decreasing production from …
Impact of Brazilian Real Weakness on Sugar Prices Read More
Former President Donald Trump’s cancellation of oil licenses for operations in Venezuela threatens to worsen inflation, as it decreases foreign currency availability. This decision poses serious challenges to President Maduro’s …
Trump’s Cancellation of Oil Licenses Heightens Venezuela’s Inflation Challenges Read More
President Trump has announced that 25% tariffs on Canadian and Mexican exports will take effect on March 4, along with a 10% tax on Chinese imports. The oil market is …
Trump Implements Tariffs on Canadian and Mexican Exports Amid Trade Tensions Read More
Brazil’s current account deficit has risen sharply, nearly tripling to $8.7 billion in January compared to the previous year, with potential implications for foreign direct investment coverage. FDI stood at …
Brazil’s Current Account Deficit Faces Severe Challenges with Diminishing FDI Coverage Read More