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Nigeria

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A controversial Russian Ponzi scheme is betting on Bitcoin to relaunch in Nigeria

12/01/2017(0)
A month after it suspended operations in Nigeria, Mavrodi Mondial Moneybox (MMM), a Russian Ponzi scheme with over 2 million participants in Africa’s most populous country, is already plotting ... Read More
nigerian-fintech

The Nigerian Fintech landscape expands

03/01/2017(0)
Africa has caught the world’s attention with its advancements in the financial technology (fintech) space and usage of mobile money. The Nigerian fintech landscape, specifically, has the capability to ... Read More
atm-machine

Nigerian Banks Suspend Use of ATM Cards Abroad

17/10/2016(0)
Several commercial banks in the country have suspended the use of their naira ATM cards abroad by their customers. On Friday, Stanbic IBTC Bank and Standard Chartered Bank Nigeria ... Read More
cryptocurrency--bitcoin

Could bitcoin change the game in Africa?

04/08/2016(0)
In the wildest of claims, bitcoin – the virtual paperless and stateless currency transacted on the borderless internet – was going to tear apart traditional money transfer companies and ... Read More
Worker grabs a nozzle at a petrol station in Tehran

Oil prices rise as turmoil in Nigeria adds to global supply disruptions

20/05/2016(0)
Oil prices rose in early trading on Friday as turmoil in Nigeria, shale bankruptcies in the United States and crisis in Venezuela all contributed to tightening supplies. Despite this, ... Read More
An oil pump jack can be seen in Cisco, Texas

Oil prices reach six-month high on latest surge

18/05/2016(0)
Oil prices continued to surge on Tuesday, reaching a six-month high. The price of a barrel of Brent Crude reached just short of $49.50 on Tuesday morning. Meanwhile, US benchmark ... Read More
Oil-prices-petrol-pump

Oil Advances to Six-Month High as U.S. Stockpiles Seen Falling

17/05/2016(0)
Crude inventories forecast to decline by 3.5 million barrels Unplanned outages in Nigeria and Canada have cut global output Oil advanced to a seven-month high before U.S. government data ... Read More
Derricks at Yuganskneftegaz oil processing facility at Mamontovskoye oilfield outside the Siberian ...

Goldman Sachs says oil’s biggest problem could be over— and now crude is on a charge

16/05/2016(0)
The price of oil is surging on Monday morning thanks to a production disruption in Nigeria, continued worries about the amount of crude Venezuela will be able to produce ... Read More
shell

Shell faces corruption probe over $1bn oil deal in Nigeria

31/03/2016(0)
Italian officials to investigate company’s role in acquisition of disputed oil block jointly owned with energy group Eni Italian anti-corruption investigators have opened a formal investigation into Shell’s acquisition ... Read More
oil

Falling oil prices: How are countries being affected?

19/01/2016(1)
Oil prices have fallen to their lowest level since 2003, sinking below $28 a barrel before recovering slightly on Monday. Analysts say the drop has been driven by oversupply, ... Read More
Broker Cyprus TopFX