Nigeria’s reform drive falters, threatening Africa’s biggest economy
Sept 28, 2023 Nigerian President Bola Tinubu’s lightning-fast reform push after taking office in May sparked hope that his administration would be a business-friendly antidote to mounting economic troubles facing…
OPEC+ begins meetings which may lead to further output cuts
June 3, 2023 OPEC and its allies begin two days of meetings on Saturday which may culminate in further production cuts of as much as 1 million barrels per day,…
World needs to spend another $100trn on UN fight against global woes – report
Sept. 17, 2021 Global goals tackling poverty, inequality, injustice and climate change face a $100 trillion funding shortfall and are likely to be missed unless 10% of global economic output…
Deutsche Bank in strategy shift to address tech woes
Deutsche Bank is creating a new technology division in a strategy shift designed to reduce complexity and lower costs while transforming systems that have held back the bank for years. The…
FG says Jonathan, Diezani conspired to “receive bribes and make a secret profit” – court filing
The Nigerian government has accused former President Goodluck Jonathan and the then Petroleum minister, Diezani Alison-Madueke of accepting bribes and breaking the country’s laws to broker a $1.3 billion oil…
$875m Fraud: FG Granted Plea to Proceed With JPMorgan Chase Trial
A High Court in London headed by Justice Andrew Burrows has granted Nigeria’s plea to allow it proceed with the trial of JPMorgan Chase. The bank is alleged to have enabled the misappropriation…
OPL 245: FG Sues Shell, Eni For $1.1bn
The federal government Thursday filed a $1.1 billion lawsuit against Royal Dutch Shell and Eni in a commercial court in London over a 2011 deal involving Oil Prospecting…