US Major General Michael J. Turley

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 […]

Texas-based Apache Corporation contemplates investing $1.4 billion in Egypt in 2024

Texas-based Apache Corporation will inject additional $1.4 billion into the Egyptian oil sector, the company’s CEO John Christman told Egyptian Prime Minister Mustafa Madbouly on Sunday August 20. Apache Corporation is the USA’s largest investor in the North African country oil sector. The company according to Egyptian authorities, is poised to pump more investments and […]

Burkina and Cameroon: millions displaced, trapped by food insecurity

Burkina Faso has one of the fastest-growing internally displaced populations in the world, now totaling more than 2 million people, while at least three million people in Cameroon are facing acute food insecurity, according to government data from both countries. Violence linked to Al-Qaeda and the Islamic State group has increased the number of displaced […]