Multinational groups say a dollar shortage in Nigeria, driven by the oil price crash is forcing local suppliers to buy hard currency at a black market premium, pushing up their operating costs and prices, and obstructing business in Africa’s biggest economy, the Financial Times reports.
Read more @ Businessday
Showing posts with label Financial Times. Show all posts
Showing posts with label Financial Times. Show all posts
Tuesday, 1 March 2016
Tuesday, 16 February 2016
NNPC PUBLISHES FIRST ACCOUNTS IN A DECADE
Nigeria’s state oil company has not reported annual financial data on its profits, losses or spending for a decade. But eight months after the election of President Muhammadu Buhari, the Nigerian National Petroleum Corporation (NNPC) which oversees production of 1m barrels of oil a day, has promised to come clean, the Financial Times reports. Read more @ BusinessDayNg
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