Nigeria’s Central Bank Suspends 9 Banks from the FX Market
Nine banks in Nigeria have been barred from the foreign exchange market, local news reported on Wednesday. The move comes after the banks reportedly failed […]
NNPC
Nigeria: Delta Avengers claim five attacks
The Niger Delta Avengers (NDA) claimed five attacks on oil facilities in Nigeria’s southern oil-producing hub over the weekend. The group said it had issued […]
Nigeria oil workers call off strike after talks
A strike at Nigerian National Petroleum Corp (NNPC) has been suspended after talks between the Minister of State for Petroleum, Ibeh Kachikwu, and the workers’ […]
Nigeria: Ex-Banker Appointed Finance Minister
Five months after taking office in Africa’s largest economy and biggest oil exporter, Nigerian President Muhammadu Buhari named former investment banker, Kemi Adeosun, to take […]
Nigeria to fight oil theft with drones – NNPC boss
Nigeria’s state oil company NNPC is set to deploy drones to check the movements of ships in the country’s waters in a bid to free […]
Nigeria: Buhari appoints new head of National Petroleum Corporation
Nigerian President Muhammadu Buhari has appointed Dr Ibe Kachikwu as new head of the country’s corruption-hit state oil company, weeks after sacking the entire board, […]
Nigeria Energy Crisis: Only 5 of 23 Power Plants are Functional
Nigeria’s energy crisis deteriorated Monday, as the Nigerian Electricity Regulatory Commission (NERC), the government agency responsible for regulating operations in the electricity sector, reported that […]