The South African rand and Nigerian naira have been ranked among the global currencies posting strong gains against the U.S. dollar over the past year, reflecting shifting market dynamics and improving domestic conditions. The South African rand and Nigerian naira have been among the world’s top-performing currencies against the US dollar over the past year.…
As the conflict in the Middle East precipitates a global energy crisis, several countries have implemented fuel-conservation strategies. Notably, President Samia Suluhu Hassan of Tanzania has introduced commute restrictions for government officials to mitigate energy consumption. Tanzanian President Samia Suluhu Hassan ordered government officials to commute together by bus to conserve fuel amid the global…
The Dangote Petroleum Refinery has lowered the ex-gantry price of Premium Motor Spirit (petrol) in Nigeria to N1,200 per litre ($0.87), reversing its recent decision to increase the fuel price, according to an anonymous source at the facility. Dangote Petroleum Refinery reduced its ex-gantry petrol price in Nigeria to N1,200 per litre, reversing a recent…
