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Tag : Production

Business

Zimbabwe tobacco sales down 23.5% after poor rains

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Sales of Zimbabwe’s tobacco, the second largest foreign currency earner, fell 23.52% to 178.7 million kilograms this year, official data showed on Monday, after production...
Business

Nigerian government to sustain 2020 budget funding despite GDP contraction – minister

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The Federal Government has expressed its determination to continue funding the 2020 budget to ensure that the economy recovers as projected, even as the country’s...
Business

Master Bakers in Bauchi mull 20% increase in bread price

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The Bauchi State chapter of Association of Master Bakers says the rising cost of production of bread might force it to increase the price of...
Business

Rising inflation: Experts urge central bank to stabilise exchange rate

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Financial experts on Tuesday expressed concerns on the country’s rising inflation rate currently at 12.82 per cent, and called for stabilisation of the exchange rate....
African News

Sixty years after independence Gabon still a ‘home’ for French

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Gabon on Monday marks 60 years since it gained independence from France, and yet a glance around the capital Libreville begs the question whether it...
News

Huawei to stop smartphone chip production due to US sanctions

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Chinese telecom giant Huawei said production of its most advanced smartphone chips would stop in September due to US sanctions, causing a “huge loss”. The...
Business

Richard Laing named new ExxonMobil Nigeria chief

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The United States-based ExxonMobil has announced the appointment of Richard Laing as chairman and managing director of its three affiliates in Nigeria – Mobil Producing...
Business

Nigerian bank boosts oil production with $200 million facility

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The United Bank for Africa Plc (UBA) has announced a $200 million facility support to boost Nigeria’s crude oil production capacity. The facility is part...
Business

Nippon Steel to appeal South Korea ruling allowing seizure of assets

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Japan’s Nippon Steel Corp said on Tuesday it will appeal a South Korean court ruling that allows for a seizure of its assets. This is...
Business

Oil prices fall over rising coronavirus numbers

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Oil prices slid on Tuesday amid concerns that a nascent recovery in fuel demand could stall as a fresh wave of COVID-19 infections around the...