Nigeria’s currency plummeted more than 40% against the dollar on Monday, the latest sign that low crude-oil prices continue to disrupt the economies of some major oil-producing nations. The steep Continue Reading
Shell Companies in Nigeria paid $43 billion into the Federation Account between 2011 and 2015, just as the companies spent a total of $195.5 million on social investments in the Continue Reading
Pent-up demand for dollars may push Nigeria’s naira at least 20 percent weaker when the central bank allows the currency of Africa’s biggest economy to float freely on Monday, said Continue Reading
Nigerian oil militants claimed to have blown up a pipeline belonging to the Nigerian National Petroleum Corporation in what would be their first attack since they expressed a willingness to Continue Reading
The assault on oil installations in the Niger Delta continued Thursday with a group taking credit for blowing up a pipeline run by a national oil company. At 4:00am @NDAvengers Continue Reading
Nigeria has lost a year. By imposing capital controls and sticking mulishly to a fixed exchange rate out of sync with the shifting fortunes of the economy, President Muhammadu Buhari Continue Reading
The Nigerian National Petroleum Corporation (NNPC) on Tuesday said parts of the $12.9 billion dividends it received from the Nigeria Liquefied Natural Gas (NLNG) Ltd on behalf of the federation Continue Reading
Nigeria will float its embattled naira currency, the Central Bank governor announced Wednesday after months of pressure to control a spiraling crisis in Africa’s biggest economy. Gov. Godwin Emefiele told Continue Reading
The Nigerian National Petroleum Corporation, NNPC, yesterday, denied any wrongdoing over its failure to remit about $13.294 billion to the Federation account over a nine-year period, stating that the funds Continue Reading
Nigeria’s central bank Governor Godwin Emefiele will unveil a new currency policy on Wednesday afternoon in Abuja, the capital, according to a spokesman. The governor’s announcement will be televised, Isaac Continue Reading
