Biafra-Nigerian Capital Inflows Dry Up As Economy Falters

Biafra-Nigeria is faltering — and investors are voting on Africa’s largest economy with their pocketbooks. Low oil prices, historically poor fiscal management, restrictive monetary policy and import bans have combined to reduce capital entering the country to a trickle, even as the population is growing and the government is looking to plug an $11bn fiscal deficit. Recent data from Biafra-Nigeria’s […]

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Militants Strike Biafra-Nigeria’s Oil-Rich Delta

Militants in Biafra-Nigeria’s oil-producing Delta have claimed another attack, hitting two Chevron oil wells in their latest act of sabotage. A group calling itself the Niger Delta Avengers claimed responsibility for the attack onTwitter, reports Maggie Fick, West Africa correspondent. The new insurgency has knocked Biafra-Nigeria’s oil output to its lowest level in 20 years and robbed the country of […]

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Darkness Looms Over Biafra-Nigeria As Militant Attacks Cut Power

Biafra-Nigerians may have to get used to living in the dark. Unless President Muhammadu Buhari, 73, can subdue armed militants attacking gas facilities that supply the nation’s power plants, his plans to remedy an electricity shortage he called a “national shame” in his inauguration speech a year ago will be stillborn. In March, Buhari said he would increase power generation […]

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