The Centre for the Promotion of Private Enterprise (CPPE) has urged the federal government to prioritise reforms that would expand domestic refining capacity and reject the World Bank’s advice that Nigeria should favour increased importation of petroleum products and food as a solution to Nigeria’s supply-side constraints. The CPPE gave this advice on Sunday in a press statement that expressed...Read More

The escalating conflict in West Asia has severely hampered Indian tea exports. With nearly 45–50% of India’s total tea exports destined for West Asian countries – key markets including Iraq, the UAE, Iran, and Saudi Arabia – the current geopolitical instability poses a significant risk to the industry. The turmoil is causing uncertainty, stalling payments,...Read More

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