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....  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.
Financial Times  Jul 14  Comment 
Britain’s new prime minister pledges to create ‘a country that works for everyone’
OilVoice  Jul 13  Comment 
This time last year the mood in Nigeria was one of unbridled optimism. President Muhammadu Buhari had completed just over a month in office and the countrymen were hopeful emboldened by his anticor
OilVoice  Jul 12  Comment 
Oil production has fallen dramatically and acquisition deals have ground to a virtual halt so far in 2016 in Nigeria as the country continues to grapple with militant attacks on energy installations.


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