RECENT NEWS
The Economic Times  Jul 27  Comment 
The company’s latest report states that Nigeria is set to lead the region in terms of number of planned projects, with 11, followed by 8 in Angola.
Clusterstock  Jul 26  Comment 
Nigeria's central bank unexpectedly hiked rates in its first decision since depegging its currency, the naira, from the US dollar. The Central Bank of Nigeria raised its key interest rate by 200 basis points, up to 14.00% from 12.00% on...
The Economic Times  Jul 26  Comment 
"I think they will keep their powder dry for now," said UniCredit EM strategist Kiran Kowshik. "Rates are already at record lows, although they will probably still send a dovish signal."
Clusterstock  Jul 22  Comment 
The Nigerian naira just dipped past 300 per dollar for the first time ever. The currency weakened by 2.3% to 300.25 per dollar around 8:41 a.m. ET, according to data from Bloomberg. The naira is trading around 296.50 per dollar as of 9:51 a.m....
newratings.com  Jul 21  Comment 
WASHINGTON (dpa-AFX) - Crude oil prices tumbled Thursday as a brief rally fizzled out on expectations the global supply glut will worsen. Nigeria, Canada and Iran are ramping up production after supply interruptions, while U.S. rig counts are...
Clusterstock  Jul 21  Comment 
Nigeria finally did the painful thing everyone said it had to do: On June 20, it unpegged the naira from the US dollar and promised to pursue a flexible exchange rate system. The currency fell by about 30% down to 280 naira per dollar that...
Financial Times  Jul 18  Comment 
Insurgency reflects anger at poverty in resource-rich Niger Delta
New York Times  Jul 17  Comment 
President Muhammadu Buhari promised to stamp out terrorism in the north and to rebuild the economy. But the nation now faces terrorism, separatism and low oil prices.




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