Nov 22nd, 2012
NGOZI OKONJO-IWEALA is a woman who speaks her mind. Just over a year into her second stint as Nigeria’s finance minister, she has written a new book that she describes as a road map for low-income oil-exporting countries and poor countries committed to reform. If she really does have an effective roa...
Oct 15th, 2012
Below explains how the $75 benchmark price was arrived at, the dangers of an overly high benchmark price, relevant examples from other countries and related issues. – Why $75 Benchmark Price for Budget 2013 Is Right for Nigeria An overly high benchmark price likely to lead to higher inflation...
Jan 13th, 2012
Nigerian unions leading a nationwide strike against soaring fuel prices say they will halt their protests — but only for the weekend. The Nigerian Labor Congress said Friday that it wants members to take a break from demonstrations on Saturday and Sunday, then return to action on Monday. Labor leader...
Jan 11th, 2012
Nigeria’s biggest oil workers’ union said it was putting oil platforms on red alert in preperation for shutting down output from Africa’s largest producer, as part of a nationwide protest against the axing of a popular petrol subsidy. Nigeria exports over 2 million barrels of crude ...
Jan 10th, 2012
Anger swept across Nigeria Tuesday as huge crowds gathered to protest soaring fuel prices and corruption during the second day of a nationwide strike. Police in the main commercial city of Lagos watched as thousands of people chanted anti-government slogans while smoke from burning tires rose to the ...
Mar 30th, 2011
Mozambique will hike food and fuel prices but will offer other aid to the poor in the hope of averting a repeat of last year’s deadly riots, development minister Aiuba Cuereneia said on Wednesday. The government will phase out subsidies on fuel starting in April, but instead offer transport pas...