Nigeria may soon have tomatoes again
Nigerian scientists believe they have found a cure to a pest that has ravaged the country’s tomato crop and seen the price of the fruit increase more than 30-fold. The tomato leaf miner moth, also 25
Business
Airlines Pull Out of Nigeria as Its Economy Tanks
LAGOS—United Airlines flies daily between to Lagos — Nigeria’s largest city — and the U.S. city of Houston, Texas. But not for much longer. Media reports say demand for the route connecting the two oil-industry 25
OPEC is finished: Oppenheimer’s Fadel Gheit
OPEC is a dysfunctional organization that has outlived its usefulness, Oppenheimer senior energy analyst Fadel Gheit said Thursday. “OPEC is finished. OPEC is over,” he said in an interview with CNBC’s “ Power Lunch .” 25
Nigerian Bank Stocks Tumble as Investors Await Clarity on Naira
Nigerian banking stocks fell the most in more than four months as investors showed their displeasure at the lack of clarity from policymakers since they flagged a change in foreign-exchange policy more than a week 25
Nigeria currency crisis explained: What we know and don’t know
This article was written by Paul Wallace. It appeared first on the Bloomberg Terminal. Nigeria’s central bank may soon give bond and stock investors what they have been pleading for: a weaker naira. Governor Godwin 25
Mugabe empties his prisons because he can’t pay for them
Drastic times call for drastic measures. Zimbabwe’s economy is plunging toward total ruin and the government is looking for ways to stanch the bleeding it has inflicted on itself. In May, the government announced that it would 25
See how Militants are controlling OPEC’s oil production
Oil watchers have been waiting for a production cut for almost two years. But while OPEC hasn’t yet participated in a coordinated effort, the cartel of oil-producing countries technically has slashed its output. Or, more 25
New bilateral chamber of commerce to create business ties between Nigerian and Norwegian
The business landscape in Nigeria witnesses a fundamental change for the better with the inauguration of a bilateral Chamber of Commerce between Nigeria and Norway. The Nigerian Norwegian Chamber of Commerce Ltd (NNCC) thus becomes 25
Nigeria’s Kaduna state declares ‘tomato emergency’
A state of emergency has been declared in the tomato sector in Kaduna state, northern Nigeria, local media report. A moth called the Tomato Leaf Miner, or Tuta Absoluta, has ravaged 80% of tomato farms, 25
Nigeria is headed for a ‘full-blown economic crisis’
Nigeria’s economic crisis is getting worse. On Friday, the Nigerian Bureau of Statistics revealed that the economy shrank by 0.4% in the first quarter year-over-year — which was way worse than expected. Economists were expecting the country 25