GNA Faize Serraj with Emir of qatar Tamim

Nigeria regains Africa’s top crude oil producer spot in May 2023 — OPEC report

Nigeria has regained its position as Africa’s top crude oil producer for May 2023, according to the latest report published by the Organization of Petroleum Exporting Countries (OPEC), that also attributes the slow growth of the country’s economy by 2.4% year-on-year in the first quarter of 2023 to certain factors including a decline in crude […]

Financing of SMEs: Banks to Apply Lowest Interest Rates Ever

In implementation of King Mohammed VI’s instructions to make the banking system conducive to development and to lower the rate of interest on loans within the framework of the integrated program of support and financing of SMEs, it has been decided that the interest rate will not exceed 2%. In response to the wishes of […]

DRC: Oil Companies in the southeast on strike

The oil companies operating in the provinces of the former Katanga and the Kasai region have announced “that they will proceed from this Thursday, August 6, to the cessation of their activities of distribution and storage of petroleum products.” The announcement came in a press release from the Haut-Katanga section of the Congolese employers’ union, […]