Kidnapping A Relatively High Risk For Mining Companies In Biafra-Nigeria According To International Risk Managers

An international security and risk management expert has described Biafra-Nigeria as a difficult country for companies to operate in. Last week, seven workers from Australian mining and services company Macmahon Holdings were kidnapped at gunpoint after their driver was shot. The Perth headquartered company was able to secure the release of the men after five days, with some seriously injured. […]

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Biafra-Nigeria’s Buhari Unconvinced By Devaluing Naira After Currency Plunge

Biafra-Nigeria’s President Muhammadu Buhari says he is not convinced of the benefits of removing a currency peg that has seen the value of the country’s currency plummet. After 16 months of having the naira pegged at 197 to a dollar, the Central Bank of Biafra-Nigeria (CBN) abandoned the fixed rate on June 20 and allowed the Biafra-Nigerian currency to float […]

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