Nigerian market ends slightly higher

As Germany looks to ditch Russian oil and gas for good, its domestic energy industry is a key side actor — but can it step up to the plate? We search for clues in the village where Germany's oil sector was born.

Nigeria says out of the 141 million barrels of oil produced in the first quarter of 2022, only about 132 million barrels of oil were received at export terminals, putting a daily average loss of 108 thousand barrels in the first quarter of this year. Oliver Onyekweli, an Associate Partner at McKinsey and Company, joins CNBC Africa to discuss this issue.

On Sunday, tens of thousands of travelers flew in and out of China without having to submit to stringent centralised quarantine requirements. The change in policy is raising hope in neighboring countries that this will signal the return of Chinese tourists. Holiday bookings have already increased and markets are trading higher on the news, but as we explain, it will take some time for travel to return to what it was before the pandemic.

The United States is taking a step towards protecting cryptocurrency investors, as the Securities and Exchange Commission moves towards new regulations. Tim Byun, Global Government Relations Officer at OKX, speaks to FRANCE 24 about the potential implications for the industry, and how the collapse of FTX affected public perception of the crypto sector.

The US Treasury, Federal Reserve and Federal Deposit Insurance Corporation have unveiled a plan meant to stem any contagion from Silicon Valley Bank's (SVB) failure on Friday. The Federal Reserve will provide an emergency lending facility that will ensure all of the bank's depositors are repaid in full.

A week after the Dutch provincial elections delivered pro-farming results, government plans to slash nitrogen emissions could well be delayed.

Germany's largest lender was among the hardest hit Friday amid European fears over the banking sector's resilience in the face of growing crisis. The ECB recently raised interest rates in an attempt to calm markets.

While European bank shares have slumped, EU leaders are not worried. But they warn to "never be complacent."

In addition to private investment totaling some $7 billion, US Vice President Kamala Harris announced that Washington would provide federal investment to boost access to climate information services.

German companies are training young Africans to become IT experts, also for the German market. The plan hopes to reduce the shortage of skilled workers in Germany and give Africans a perspective in their home countries.

A decade after its creation, anaerobic digestion is flourishing in France. This method consists in breaking down organic matter to produce biogas, a renewable energy source. The sector already produces the equivalent of the energy capacity of a nuclear reactor, and this will likely be doubled by 2025.

Since Russia invaded Ukraine, governments have spent much more on defense and weapons. That is good news for the defense industry. But windfall taxes are not on the agenda.