Tag: Nigeria

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Shell confirms Nigeria withdrawal of oilfield claim

Shell confirmed on Friday that Nigeria withdrew civil claims totalling $1.1 billion against it in relation to allegations of corruption in a 2011 oilfield...

Nigeria withdraws $1.1 billion claim against Eni on oilfield deal

Nigeria is withdrawing civil claims totalling $1.1 billion against Italian energy group Eni and related to allegations of corruption in a oilfield deal, Bloomberg...

Nigeria’s naira briefly drops to record low on official market

Nigeria's naira briefly slumped to a record low against the dollar in thin trading on the official market on Thursday, bringing the official exchange...

Nigeria restores 275,000 bpd production at TotalEnergies JV

Nigeria's state oil firm NNPC Ltd said on Sunday it had restored 275,000 barrels per day (bpd) of oil production at its joint venture...

Nigeria’s naira firms on black market, central bank settles FX forwards

Nigeria's naira firmed to 1,000 per dollar on the black market on Monday, online platform abokiFX showed, recovering from a record low of 1,300...

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World Bank’s Banga says more bilateral debt forgiveness needed

World Bank President Ajay Banga said on Thursday (17...

Ghana, creditor panel agree on debt restructuring, paving way for IMF cash

Ghana has finalised a pact with its official creditor...

Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...

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