Royal Dutch Shell says it has raised $600 million from the sale of its interest in an oil field in Nigeria as part of its ongoing two-year disposal programme.According to a statement by the company on Thursday, its Nigerian subsidiary, … read more
Nigeria will have to adjust to oil prices heading lower for some time to come, Finance Minister Ngozi Okonjo-Iweala said on Thursday in an interview in which she also cut the outlook for economic growth next year. Africa’s largest economy … read more
Nigerian naira ended to a record low on the interbank market on Friday ahead of the country’s central bank meeting to review interest rates in Africa’s biggest oil producer.The local unit closed at 176 naira against the dollar, declining by … read more
Members of the armed terrorist group Boko Haram have killed at least 45 people in a village near Mafa city in the northern Nigerian state of Borno, media reported citing municipal sources and witnesses. The radicals attacked Azaya Kura Wednesday, … read more
China and Nigeria signed an official construction contract early Thursday, Beijing time, to build a railway along the African country’s coast, China Railway Construction Corp. Ltd. (CRCC) said. The 11.97 billion US dollar contract is China’s single largest overseas contract … read more
Nigeria’s Boko Haram militants are intensifying attacks in neighbouring Cameroon, targeting new villages with increasingly sophisticated weapons. Now the country’s army fears more violence in the approaching dry season. “We’re convinced that the establishment of a ‘caliphate’ (by Boko Haram) … read more
Business activities were brought to a halt at the cargo section of the Murtala Muhammed International Airport, Lagos on Wednesday following a clash between officials of the Nigeria Customs Service and clearing agents over alleged manhandling of a senior customs … read more
A female suicide bomber has blown herself up at a market in northeast Nigeria, killing at least 12 people. There were no immediate claims of responsibility for Sunday’s blast in Azare, a town in Nigeria’s Bauchi State, but similar bombings … read more
Nigeria and Chad may be heading for a diplomatic showdown over indications that Boko Haram are receiving huge supply of arms from the northeastern neighbour of Africa’s largest economy. Indications emerged recently that a number of gunrunners had been arrested … read more
Everyday they cross the border from Nigeria on motorbikes, donkeys or even on foot, and all are looking for safe haven from the Islamist militants of Boko Haram. They arrive at the already teeming refugee camp in Minawao in northern … read more