Africa’s economic growth witnessed a decline to 3.2% last year from 4.1% in 2022, as reported by the African Development Bank (AfDB) on Friday. Despite this setback, the bank projected higher growth rates this year for all regions except central Africa. According to the AfDB, factors such as political instability and China’s economic slowdown, compounded Read More…
Tag: Russia-Ukraine war
Ukraine refuses to abandon Bakhmut despite incessant Russian attacks
Ukraine’s top military commanders have vowed to continue defending the besieged city of Bakhmut, where Russia hopes to make its first major wartime gain in more than a year, and to strengthen their defences, according to President Volodymyr Zelenskiy. In the midst of some of the bloodiest fighting of the over-a-year-long invasion, Moscow says capturing Read More…
Anti-war Russian oil exec dies after allegedly falling from hospital window
The head of a Russian oil giant who had criticized President Vladimir Putin’s war in Ukraine died Thursday after reportedly falling out of his hospital window. Ravil Maganov, Lukoil chairman died after falling from a window of the Central Clinical Hospital in Moscow, Reuters reported, citing two sources familiar with the situation. The company issued a statement early Read More…
Russia-Ukraine war: MAN demands removal of 7.5% VAT on diesel
The Manufacturers Association of Nigeria (MAN) has urged the Federal Government to remove the 7.5 per cent Value Added Tax on diesel until the international supply system normalises. It noted that the economy had been affected by several negative factors, including the ongoing Russia-Ukraine war and urged the government to convene a stakeholders’ meeting to Read More…