Frontpage News

  • Investors raise 500m euros for Calabar Deep Seaport

    Investors raise 500m euros for Calabar Deep Seaport

    A consortium, Broad Spectrum Industrial Services, has raised 500 million Euros for the financing of the proposed Calabar Deep Seaport in south-eastern Nigeria.Nigeria’s This Day newspaper said on Thursday that other signature projects initiated by the Cross River State Governor, Senator Ben Ayade, which attracted the interest of Broad Spectrum […]

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  • Investors see growing risks in Nigeria’s devaluation delay

    Investors see growing risks in Nigeria’s devaluation delay

    International investors, dismayed by Nigeria’s decision to delay a naira devaluation they see as long overdue, will hold back from its stock and bond markets, raising risks of a deeper crisis in Africa’s biggest economy. The afterglow from March, when an incumbent president handed over power after what was seen […]

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  • APC Breakup Looms As Party Chieftains Seek Splinter Political Groups

    APC Breakup Looms As Party Chieftains Seek Splinter Political Groups

    As the political crisis in the ruling All Progressive Congress (APC), intensifies, leaders of the splinter political groups that made up the party are mulling the return to their previous political groups ahead of governorship elections in some states and also in preparation for the 2019 Presidential elections.

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  • Beyondbrics: Democratisation and the investment consequences for frontier markets

    Beyondbrics: Democratisation and the investment consequences for frontier markets

    March 28 this year was a date for the history books. It marked the first time the Nigerian presidential election had been contested peacefully between two political parties, rather than between personalities in the same party. It was also the first time that the opposition had come to power in […]

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  • BP settles U.S. 2010 oil spill claims for $18.7 billion

    BP settles U.S. 2010 oil spill claims for $18.7 billion

    (This version of the story corrects paragraph two to $18.7 billion from $20 billion after U.S. Department of Justice corrects settlement figure) BP (BP.L) said it has reached an $18.7 billion settlement of damages claims from the U.S. government and five states after the 2010 Gulf of Mexico spill. The […]

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