Nigeria Banks Alleged To Have Gone Broke Over Election Spending?

Following the enormous withdrawal of money from Deposit Money Banks by politicians and their associates in preparation for the forthcoming general elections, emerging report has it that it has led to shortage of cash across bank branches in Nigeria. Punch publication revealed on Thursday that several billions of naira had

Nigeria: One Of World’s Largest Oil Producers Is Running Out Of Gasoline?

The major cities of Nigeria are experiencing acute gasoline shortages as importers feel the pinch of a plummeting local currency, tighter credit lines and unpaid government subsidies. The contrariety here is that the currency crisis leading to gas shortages is being caused in part by plummeting oil prices.