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SRI LANKAN PRIME MINISTER WARNS OF FOOD SHORTAGES AMID ECONOMIC CRISIS

As thousands of Sri Lankans stood in line for fuel cylinders, which have nearly doubled in price since April, Prime Minister Ranil Wickremesinghe warned of a coming food shortage. He tweeting on Thursday: “While there may not be time to obtain fertiliser for this Yala (May-August) season, steps are being taken to ensure adequate stocks… Continue reading SRI LANKAN PRIME MINISTER WARNS OF FOOD SHORTAGES AMID ECONOMIC CRISIS

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WE CAN’T CONTINUE TO APPROVE N4TRN FOR FUEL SUBSIDY — REPS

The Nigerian House of Representatives said yesterday it cannot continue to approve N4 trillion annually for fuel subsidy when the economy is in dire straits.Chairman of the ad-hoc committee investigating the state of the nation’s refineries, Ganiyu Johnson, stated the position of the House at a session of the panel.DCO Global News Published on April… Continue reading WE CAN’T CONTINUE TO APPROVE N4TRN FOR FUEL SUBSIDY — REPS

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WHY NIGERIA CAN NOT RECEIVE CRUDE OIL PAYMENTS IN NAIRA – DMO EXPLAINED

The Debt Management Office (DMO) has explained why receiving crude oil payments in Naira rather than in dollars is not a good idea for Nigeria.Patience Oniha, the agency’s director-general, revealed this during a question-and-answer session at Covenant University in Ogun State on Thursday during the national budget roundtable and panel discussion.DCO Global News Published on… Continue reading WHY NIGERIA CAN NOT RECEIVE CRUDE OIL PAYMENTS IN NAIRA – DMO EXPLAINED

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PUTIN WANTS ‘UNFRIENDLY’ COUNTRIES TO PAY FOR RUSSIAN GAS IN RUSSIAN RUBLES

President Vladimir Putin has stated that Russia will seek payment in rubles for gas shipments to “unfriendly” countries, sending European gas prices skyrocketing amid fears that the move will deepen the region’s energy crisis.European countries' reliance on Russian gas and other commodities has been brought into the focus. DCO Global News Published on March 23,… Continue reading PUTIN WANTS ‘UNFRIENDLY’ COUNTRIES TO PAY FOR RUSSIAN GAS IN RUSSIAN RUBLES

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GERMANY LOOKS FOR ALTERNATIVES TO RUSSIAN GAS

Germany has announced a long-term contract with Qatar for the supplies of liquefied natural gas (LNG), as Europe’s biggest economy looks to reduce its energy dependence on Russia.The move comes amid broader Western sanctions aimed at isolating Russia from global trade and energy markets in response to the country’s military Invasion in Ukraine.DCO Global News… Continue reading GERMANY LOOKS FOR ALTERNATIVES TO RUSSIAN GAS