archiveApril 10, 2017

The Central Bank of Nigeria (CBN) plans to sell shorter-dated dollar forwards to inject liquidity into the official market and try to support the naira, traders said on Monday. The local currency has weakened on both the official and black markets. The bank will auction $100 million on Monday to...

Shell, which operates facilities like this one, in the Bonga oil field off Nigeria’s coast, is entangled in a bribery investigation centered on a 2011 deal. Just hours after the Dutch police raided the offices of Royal Dutch Shell last year as part of an investigation into a controversial $1.3...