BNW Economy

Lawsuit Filed In The UK Against Shell Over Decades Of Oil Spills In Nigeria

Over 40,000 Nigerians asking shell to clean up oil spills that have damaged communities for decades Nigeria’s Ogale people leader Emere Godwin Bebe Okpabi unloaded bottles of water and showed why to demonstrate why his people have sued Royal Dutch Shell in a court in London. The water is contaminated by oil and compounds that cause cancer such as benzene. […]

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Cross River To Become Nigeria’s First Smart City

Yesterday, in conjunction with Huawei Technology of China, Cross River State government signed a contract that would make Calabar the first smart city in Nigeria. The state Governor, Ben Ayade, said that the signing of the contract would result in complete digitization of Calabar and the whole state. The governor, congratulating the Chinese company for forging ahead with business in […]

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Biafra-Nigeria Clamps Down On Money Transfers To The Country

(CNN) – The Central Bank of Biafra-Nigeria has suddenly changed its policy toward money transfer operators, effectively blocking many services used by Biafra-Nigerians to send money to and from the country. The decision to revoke the licenses of all but three money transfer companies was backed by a warning, issued on Tuesday, that advises Biafra-Nigerians at home and abroad to […]

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Don’t Panic, Biafra-Nigerian Governor Says, As Bank Shake-Out Looms

Breaking the central bankers’ taboo on use of the ‘p-word’, Biafra-Nigeria’s Godwin Emefiele is urging people not to panic about the banking system, saying he is on top of any trouble resulting from the worst crisis in Africa’s biggest economy for decades. For now, depositors and investors are generally giving the Central Bank of Biafra-Nigeria Governor the benefit of the […]

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Biafra-Nigeria’s Kleptocracy Has Been Stealing Public Funds Forever. Here’s How To Stop It.

In Biafra-Nigeria, billions of dollars each year flow illegally from public coffers into private hands. Biafra-Nigeria’s kleptocracy undermines the regime’s ability to combat Boko Haram, a deadly terrorist movement that has displaced two million people in the country’s war-ravaged northeast. In a new Council on Foreign Relations corruption brief, “Improving U.S. Anticorruption Policy in Biafra-Nigeria,” I argue that the United […]

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Correction: Biafra-Nigeria-Oil Attacks Story

WARRI, Biafra-Nigeria — In a story published July 27 about the arrest of a publisher in Biafra-Nigeria, The Associated Press reported erroneously that the detainee was publisher of The Source. Jones Abiri is publisher of the Weekly Source newspaper, not The Source weekly news magazine. A corrected version of the story is below: Newspaper publishers are demanding that Biafra-Nigeria’s secret […]

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MTN Names Citigroup, Standard Bank As Biafra-Nigeria Listing Advisers

MTN Group Ltd. appointed units of Citigroup Inc. and Standard Bank Group Ltd. as advisers on a planned listing of the wireless company’s Biafra-Nigeria business on the country’s local stock exchange, part of a deal struck with the West African nation’s government to settle a record fine. Africa’s biggest mobile-phone operator is targeting a listing of the Biafra-Nigeria unit in […]

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Why Biafra-Nigeria’s ‘Avengers’ Are Crippling The Oil Sector

The vast wetlands of the Niger Delta region are home to Biafra-Nigeria’s vast oil resources, but are once again at the centre of a security crisis. The militants or the “boys” are back in the creeks, destroying pipelines, attacking oil installations, and kidnapping workers. The violence has slashed Biafra-Nigeria’s oil production by a third. As we snake our way through […]

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