Lagos, Nigeria | AFP | The African Development Bank has approved the first installment of a $1 billion loan to Nigeria to help President Muhammadu Buhari combat a “crisis situation”. In a Wednesday press release, the AfDB said that the $600 million loan was the “first tranche of a US …
Read More »Nigeria officials ‘sexually abusing Boko Haram victims’
Lagos, Nigeria | AFP | Human Rights Watch on Monday accused Nigerian officials of sexually exploiting women and girls living in camps for victims of Boko Haram in the war-torn northeast. HRW said in July it documented 43 cases of women and girls in seven ‘internally displaced persons’ (IDP) camps …
Read More »ExxonMobil strikes huge oil reserves in offshore Nigeria
Lagos, Nigeria | AFP | US oil and gas group ExxonMobil says it has discovered up to one billion barrels of oil in an offshore field in Nigeria, signalling a boost to the country’s crude reserves. The company said in a statement on its website on Thursday that the Owowo …
Read More »Even Dangote feels the pinch as Nigeria’s forex crisis hurts business
Lagos, Nigeria | AFP | Nigeria’s currency scarcity remains a nightmare that won’t go away, with even Africa’s richest man Aliko Dangote feeling the pain. The West African country’s economy has been hammered by the global crash in oil prices — worth 70 per cent of its revenue and the …
Read More »MTN denies illegal transfer of $14 bn from Nigeria
Abuja, Nigeria | AFP | South Africa’s MTN has denied it illegally transferred $13.9 billion from Nigeria in the latest scandal to hit the telecom firm in its largest market in the continent. The Johannesburg-based firm is facing a parliamentary probe over accusations it connived with senior Nigerian officials to …
Read More »Police detain Nigerian judges in corruption probe
Abuja, Nigeria | AFP | Nigerian judges will hold emergency talks Tuesday following the “deeply regrettable” detention of several judges by secret police in a corruption probe, the country’s chief justice said Monday. At least seven judges were detained by Nigerian security forces over the weekend in connection with allegedly …
Read More »Egypt matches Nigerian win, goes top of group ahead of Uganda
Results Ghana 0 Uganda 0 Congo 1 Egypt 2 Johannesburg, South Africa | AFP | Nigeria opened their 2018 World Cup group-phase qualifying campaign with a 2-1 victory in Zambia on Sunday thanks to goals from English Premier League duo Alex Iwobi and Kelechi Iheanacho The 20-year-old strikers scored …
Read More »Buhari sells presidential jets amid Nigeria economic crisis
Abuja, Nigeria | AFP | Nigerian President Muhammadu Buhari is selling two of his jets in a bid to cut costs as the West African country battles to overcome a recession. In a statement released late on Tuesday, presidential spokesman Garba Shehu said that Buhari is reducing the number of …
Read More »Even darker days for Nigeria, as power supply gets worse
Lagos, Nigeria | AFP | Balogun Shakirat woke up with a start at 3:00 am and put on the light in her workshop in a crowded working class district of Nigeria’s commercial capital, Lagos. In the following three hours, she was able to sew shirts, trousers and a jacket. Then …
Read More »Nigeria takes on oil giants Chevron, Total over ‘illegal exports’
Lagos, Nigeria | AFP | Chevron and Total on Friday failed to have a court throw out a case implicating them in the alleged failure to declare billions of dollars of crude exports from Nigeria. The US and French companies are among up to 15 oil majors reportedly targeted …
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