An energy economist, Professor Ken Ife, has strongly criticised recent recommendations by the World Bank urging Nigeria to deepen fuel importation and fully liberalise its downstream petroleum sector, describing the advice as “ill-timed, backward and inconsistent with Nigeria’s own laws.” Speaking during a televised interview on Nigeria’s economic outlook, Ife argued that while parts of...Read More

Pragati Dhakal Kathmandu, April 12: Nepal is rich in herbs and biodiversity, but substantial efforts are much awaited to utilize indigenous herbs linking it to economic potential. At a time when the country has aspired for economic prosperity, branding herbs and ensuring quality export as raw materials to the Ayurvedic Hospital and pharmaceutical industries could...Read More

Business JOSEPH Nwakwue, former Chairman of the Society of Petroleum Engineers, SPE, says the expansion of import licences for oil marketers is necessary to boost competition and promote fair pricing in the downstream petroleum sector. Nwakwue said this in an interview with the News Agency of Nigeria (NAN) on Sunday in Lagos. The energy expert...Read More

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U.S. container import volumes are coming under increasing pressure from trade policy shifts and higher fuel costs, even as tensions involving Iran have yet to significantly disrupt cargo flows through the country’s major ports. This is according to the latest Global Port Tracker report released by the National Retail Federation and Hackett Associates. The report...Read More

The 10-year agreements Kyiv has struck with three Gulf countries will see Ukrainian companies help to protect critical facilities, Volodymyr Zelensky said. Around 200 Ukrainian military experts were dispatched to the Middle East shortly after the launch of the US-Israeli war against Iran to help defend neighboring countries against Iranian retaliatory strikes, especially those using long-range...Read More

Data show the trade gap stood at $16.91 billion in FY26 July-February, compared with $13.71 billion in the same period of the previous fiscal year. 10 April, 2026, 12:35 am Last modified: 10 April, 2026, 02:04 am A view of Chattogram Port. Photo: Mohammad Minhaj Uddin/TBS “> A view of Chattogram Port. Photo: Mohammad Minhaj...Read More

India has raised export duties on diesel and aviation turbine fuel as global oil prices remain unstable, while petrol duty remains unchanged. India’s Ministry of Finance announced an increase in export duties for diesel and aviation turbine fuel (ATF) as part of a strategy to manage the volatile international oil market. The decision comes as...Read More

New Delhi, April 11 (IANS) The ongoing crisis in the Middle East has created opportunities for India in various ways, ranging from augmenting strategic petroleum reserve capacities at home to diversifying imports, a report highlighted on Saturday. Writing for non-profit initiative Politeia Research Foundation, ORF Deputy Director Vivek Mishra mentioned that Argentina and the...Read More

Farmers in the Prayagraj division have expanded beyond local mandis to tap into global markets, resulting in a notable increase in agricultural exports. The shift resulted in record outbound shipments during the financial year 2025–26, officials said on Saturday. Women workers busy packing Aonla products in Pratapgarh. (HT PHOTO) Assistant agriculture marketing officer Dinesh Chandra said...Read More