Indonesia began imposing a complete ban on palm oil exports Thursday, as the world’s largest producer of the commodity risked destabilising a global vegetable oil market already hitting peak prices. The archipelago nation is facing a shortage of domestic supplies of cooking oil and soaring prices, with consumers in several cities having to wait … Continue reading Indonesia Suspends All Exports Of Palm Oil

  The Federation Accounts Allocation Committee (FAAC) has shared a total of N725.5 billion as Federation Account revenue for March to the Federal Government, states, and local government areas. This was contained in a communique issued at the end of a virtual meeting of the FAAC for April held on Wednesday. The N725.571 billion total … Continue reading FG, States And LGs Receive N725.5bn Revenue In March

    The Central African Republic has adopted bitcoin as legal tender, the president’s office said Wednesday, becoming the second country in the world to do so behind El Salvador. Lawmakers unanimously adopted a bill that made bitcoin legal tender alongside the CFA franc and legalised the use of cryptocurrencies, and President Faustin Archange Touadera … Continue reading Central African Republic Adopts Bitcoin As Legal Currency

Indonesia has clarified a ban on palm oil exports announced last week, saying it would only prohibit shipments used for cooking oil, just as traders prepare for the embargo to kick in on Thursday.