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Monday, April 15, 2024

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Bloomberg Business

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Succession: 6 Issues Before Osinbajo In Light Of Buhari’s Health Status

Nigeria is awash in nervous speculation over the health of President Muhammadu Buhari, who hasn’t appeared in public since he returned to the U.K....

Nigeria: Economic Decline Continues As GDP Shrinks For 5th Quarter

The ailing economy of Nigeria continued its slump and contracted for a fifth consecutive quarter in the three months through March as oil output...

Recession: Nigerian Banking Industry In ‘Full Blown Financial Crisis’

Nigeria’s banking industry is experiencing a “full blown financial crisis” as failed fiscal and monetary policies lead to a credit crunch, according to Arqaam...

Shell Declares Force Majeure On Nigeria Gas Supply Due To Avengers Attacks

Royal Dutch Shell Plc said its local unit has declared force majeure on supplies to a liquefied natural gas plant in Nigeria because of...

Lost Year Under Buhari Leaves Nigeria’s Economy On Its Knees [Bloomberg]

Muhammadu Buhari took office as Nigeria’s president a year ago on a wave of optimism that the ex-military ruler could revive Nigeria's economy battered...

A Fifth Of Nigeria’s Oil Production Shut Down Over Leak At Shell’s Pipeline

At least a fifth of Nigerian oil production, equivalent to almost 400,000 barrels a day, has been shut down as a pipeline closure added...

Nigeria’s Promise Of Change Turns To Peril As Investors Flee The Country

The promise of Africa’s biggest economy has turned to peril. Companies drawn to Nigeria by the prospect of a population bigger than Germany and Turkey’s...

Buhari’s Budget Riddled With Errors, Puts His Corruption War in Doubt – Bloomberg

President Muhammadu Buhari’s 2016 budget proposals are riddled with errors and provisions that may undermine his anti-graft war, civic groups say. In some instances, the...

SO BAD: Oil Rich Nigeria Now Can’t Afford To Pay School Teachers – Bloomberg

When Nigerian President Muhammadu Buhari came to power in May vowing to mend the economy, fight terrorism and end corruption, Kola Karim was upbeat....

Bad News: Global Bank UBS Ends Coverage of Nigerian Bank Eurobonds

UBS Group AG ceased its fixed-income research coverage of Nigeria’s banks, according to a person with knowledge of the matter, as international investors increasingly shun...

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