The Commerce Africa African Reneissance

With the rout hitting global markets, Nigeria’s stocks headed south last week in bearish raid as profit-taking activities dominated trading sessions on the bourse. This was as available data at the weekend showed that several global equities markets logged the steepest declines since 2020 following aggressive interest rate hikes by major …

Minister of State, Petroleum Resources, Mr Timipre Sylva, has charged hydrocarbon-rich African nations to urgently harness their huge gas reserves to close the widening energy gulf created by the lingering Russia-Ukraine hostilities, where gas is being used as a weapon of war. Sylva gave the admonition in Abuja on Monday …

Many passengers were stranded at various bus stops in Lagos State, Monday morning, as commercial vehicles were scarce on the road. The scarcity of vehicles was attributed to the fuel scarcity, which was gradually building up in some parts of Lagos. Our correspondent saw that many people were stranded at …