Further states’ debt deferrals subject to restructuring plan Tumbling oil prices pushed revenue to five-year low…
Category: Economy
BNW Economy
How Nigeria Can Ride Out Its Economic Storm
Nigeria’s economy is facing the threefold challenge of falling oil prices, a depreciating currency and a…
Nigeria Grapples With End To Rapid Growth
Nigeria is becoming a symbol of how quickly and far the declining price of crude oil…
In Nigeria, A Hunger For Dollars — But Hold The Fries
A currency crunch in Africa’s top economy is escalating into a French fry shortage. U.S. dollars…
Nigerian State Oil Firm ‘Withheld $25bn Over Five Years’
Nigeria’s state-owned oil company has failed to pay the government $25bn (£17.5bn) over five years, the…
Nigeria’s Government Living The High Life
As Nigeria’s fiscal situation continues to deteriorate and the gulf between the official and black market…
Nigeria Launches Restructuring Of Oil Sector
Far-reaching and long-awaited plans aimed at reforming Nigeria’s oil industry are gathering pace, though they have…
Nigerian Senate Summons Minister To Explain Fuel Shortages
Nigeria’s petroleum minister Emmanuel Ibe Kachikwu, pictured addressing the media in the capital Abuja, December 14,…
Nigeria Apologizes For Fuel Woes As Frustration Mounts
Fuel lines stretched for more than a kilometer (half-mile) on Friday in Nigeria’s capital because of…
Buhari Still Hasn’t Signed Off On Nigeria’s Delayed Budget
Nigerian President Muhammadu Buhari, pictured speaking at the State House in Abuja, Nigeria, February 11, is…
