Ukraine poultry companies report major losses caused by the Russian invasion and direct attacks on poultry production assets and warehouses. Ukraine’s largest egg producer, Avangard, said that the Russian aggression caused significant losses in production capacity, with several key egg farms shut down and destroyed, while at some operational farms the birds were left without feed and “condemned to death”. To date, the overall financial losses the company sustained have reached 1.5 billion hryvnias (US$51 million). Almost the entire flock slaughtered “In particular, Europe’s largest egg cluster, Chornobayivska in Kherson Region, has lost the ability to feed the birds, transport…

Central Bank of Nigeria (CBN) on Monday announced its decision to keep benchmark rates unchanged, its governor said, a day earlier than scheduled to avoid falling into limbo because several monetary policy committee (MPC) members are retiring on Tuesday. Three rate setters voted to raise rates by 25 basis points and one for a 50 basis point hike. Six others voted to hold rates, marking the 10th decision to hold rates steady since the bank cut them in September 2020. Governor Godwin Emefiele said the decision was to boost its fragile economy and counter potential headwinds from the Ukraine war…