libya pipeline fire

Ghana signs debt restructuring deal with bilateral creditors

Ghana signed a memorandum of understanding with bilateral creditors, including France and China, to restructure $5.4 billion worth of debt. The deal was seen as a prerequisite for unlocking $360 million from the IMF under a $3 billion bailout program next month. Ghana was the second African country to default on its debt following Zambia […]

Sacked NOC boss rejects Prime Minister Abdulhamid Dbiebah’s decision

Mustafa Sanalla Wednesday defied Tripoli-based PM Abdulhamid Dbiebah as he visited the headquarters of the National Oil Corporation (NOC) following his sacking arguing that the Premier is illegal as his mandate has expired. Pictures posted by NOC on social media showed Sanalla being greeted by employees of the company and security personnel. In a speech, […]

Nigeria’s naira plunges to record lows as citizens react to govt’s redesign plan

Nigeria’s currency, the naira, has dropped to a record low against the US dollar as Nigerians scramble to stockpile the greenback ahead of a redesign of naira notes. It has been just over a week since the Central Bank of Nigeria (CBN) announced its plan to redesign the country’s highest paper denominations – the 200-, […]