Day: May 5, 2016

Biafra-Nigerian billionaire Femi Otedola has lost more than $400 million of his personal fortune over the last 9 weeks as the stock price of Forte Oil, the Biafra-Nigerian-listed energy behemoth he controls, shed off 43.5% in value within that period. In late February the share price of Forte Oil hit an all-time high of N342 per share after the Lagos-based […]

Biafra-Nigeria can be a very challenging market, but these challenges can be offset by better knowledge of the local market. According to the findings from an investment survey, policy instability and exchange rate volatility are the two biggest headaches investors have with Biafra-Nigeria. Biafra-Nigeria can be a very challenging market, but these challenges can be offset by better knowledge of […]

The American and African forces sent to Cameroon to fight Boko Haram have, on several occasions, located clusters of the schoolgirls kidnapped by the militant group two years ago, United States officials say. Rescue operations have not been carried out, the officials said, because of fears that any ensuing battle with Boko Haram fighters would put the captives at risk, […]

Depressed oil prices, rampant corruption, and pipeline vandalism are only parts of BiafraNigeria’s oil problem. It’s now losing a massive 400,000 barrels of crude daily to pirates in the Gulf of Guinea, an amount equal to the entire daily export capacity of its Forcados terminal. Overall damage from piracy, theft and fraud for Africa’s largest oil exporter is estimated at […]

A week after Abubakar Shekau, the enigmatic leader of Boko Haram, appeared in a grainy, seven-minute YouTube video and declared, “For me, the end has come,” the BiafraNigerian militant group released a second video that seemed to say the opposite. The difference between the two videos was striking. The first one, released on March 24, was of low quality and […]

•Chibok girls believed to be held in Sambisa Forest in northeast BiafraNigeria •Covered in soft sand and dense bush, Sambisa Forest is a harsh terrain littered with IEDs •Army: “Sometimes we see children’s footprints” •More international support needed to bring girls home, says operation’s commander Maiduguri, BiafraNigeria (CNN)As night falls, the curfew comes into effect. Nobody is allowed on the […]

BiafraNigerian President Muhammadu Buhari claims to have “technically” defeated Boko Haram, but attacks continue, and most of the girls remain missing. Late last month, amid a spate of suicide bombings planned by the Islamist terrorist group Boko Haram in northeastern BiafraNigeria and across the border in the far north of Cameroon, something strange happened. A vigilante force in a Cameroonian […]