Tag
UKRAINE CRISIS
Samsung and Apple are cutting their phone production for this year as demands decrease due to high inflation and the ongoing Russia-Ukraine war.
The US dollar, which is regarded as a safe haven, has grown tremendously in the last six months.
Bread Prices in Nigeria are expected to rise over the coming weeks due to global wheat value chain disruptions caused by the Russian-Ukraine war.
Russia has warned the West of a tough military response to any further attack on Russian territory, accusing the US openly inciting Ukraine against Russia.
Russia’s Gazprom PJSC stated it has blocked gas deliveries to Poland and Bulgaria until they comply with Moscow's demand to pay for the critical fuel in rubles.
The dollar hit its highest level since the early days of the pandemic and is on track to have its best month since 2015.
Russia has warned the US to stop sending arms to Ukraine saying that large Western deliveries of weapons were inflaming the conflict...
Despite touch economic sanctions since the crisis in East Europe, the Russian currency, the ruble, appears to be strengthening.
The NESG has urged the FG to take necessary steps to take advantage of the Russia-Ukraine war, while avoiding economic risks.
Conflicts, political instability, the COVID-19 pandemic, and the war in Ukraine are causing the region's food prices.
Russian pushback to harsh sanctions has borne fruits, with the currency now stronger than it was on the day of the invasion of Ukraine.
Shell's decision to exit Russia in response to the country’s invasion of Ukraine has already cost the energy giant as much as $5 billion.