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The US government says TikTok should be sold or else face a possible ban in the country. The video-sharing app, owned by Chinese company ByteDance, is accused of posing a national security risk through data gathered from…

Some Oil Marketing Companies (OMCs) started reducing prices of petroleum products at the pumps from today, March 16, 2023. A leading OMC, GOIL is selling a litre of petrol for ¢12.95 from the previous ¢13.92 and diesel for ¢13.49 from…

Dr. Mustapha Abdul-Hamid, Chief Executive of the National Petroleum Authority (NPA) has highlighted regulatory measures it has implemented to ensure stability across Ghana’s downstream sector, following the global oil and gas market…

Four of Africa’s biggest lenders — Standard Bank Group Ltd., FirstRand Ltd., Absa Group Ltd., and Nedbank Group Ltd. — collectively set aside $267 million to account for the losses, impairing as much as 57% of local and onshore dollar…

The Ghana Revenue Authority has hinted that it will resume the invoice invigilation exercise it introduced last year which ensured that businesses were made to pay the right amount of taxes to the state. According to the authority, the…

Côte d’Ivoire citizens pay the highest income taxes in the world according to this year’s survey findings by World Population Review. While both its sales and corporate tax regimes may be considerably lower than those of other countries…

Côte d'Ivoire produced a record high of about 48 tonnes of gold in 2022, up 14% from the previous year, a document from the Ministry of Mines, Petrol and Energy showed. Côte d'Ivoire, the world's top cocoa producer, is seeking to develop…

The oil market is set to swing from a comfortable supply overhang in the first half of 2023 to a deficit in the latter part of the year as the economic rebound in China will push global oil demand to a record high, the International Energy…

Crude oil prices moved lower today after the U.S. Energy Information Administration reported an inventory build of 1.6 million barrels for the week to March 10. This compared with an inventory decline of 1.7 million barrels estimated for…

The government is weighing up plans to bring in a price floor for the windfall tax amid fears Equinor could pull out of the proposed Rosebank oil and gas project, City A.M. understands. The Norwegian energy giant is concerned about the…