Nigeria

Libya: Oil fields closed and exports suspended by Eastern Authorities

Authorities in Eastern Libya announced on Monday, August 26, 2024, the closure of all oil fields and terminals and halted exports indefinitely amid a severe political crisis with the UN-recognized government in Tripoli. This move comes in response to Tripoli’s takeover of the Central Bank and the replacement of its governor, Al Siddik al Kabir, […]

South Africa: Andrew Mlangeni, last survivor of Rivonia trial, dies at 95

South Africa has just lost another great figure of the struggle against apartheid. Andrew Mlangeni passed away in the night from Tuesday to Wednesday. He had just celebrated his 95th birthday and for the past week had been admitted to a hospital in Pretoria for abdominal pains. It is a page in the history of […]

Nigeria caps weekly cash withdrawals, Moody’s warns of ‘very high’ foreign currency risks

Nigeria’s central bank has imposed restrictions on weekly cash withdrawals to limit the use of cash as credit agency Moody’s warned that the country’s banks face tough challenges over a dollar shortage. Foreign currency risk is “very high” for Nigeria’s banking system, according to a report by Moody’s. Nigeria is one of seven countries worldwide […]