Tag: Nigeria
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Nigeria could save $5.1 billion this year from reforms, says World Bank
Nigeria could save up to 3.9 trillion naira ($5.10 billion) this year alone after reforms to its foreign exchange market and the removal of...
Nigeria investigates Shell’s Trans Niger pipeline spill
Nigerian authorities and Shell's local subsidiary were on Monday investigating the cause of a spill on the Trans Niger pipeline that lasted several days.
The...
Nestle ramps up Nigeria raw material sourcing as forex squeeze bites
Food giant Nestle's businesses in Nigeria and other African countries are ramping up sourcing of local raw materials like starch and turmeric, a move...
Nigeria amasses $3 billion debt to traders for oil swaps – sources
Nigeria has accumulated up to $3 billion in debts to trading houses such as Vitol and oil majors such as BP for fuel supplies and...
Nigeria central bank allows naira to weaken 2% to record low
Nigeria's central bank allowed the naira to drop about 2% on the official market to a record low on Wednesday, but the currency's rate...
