The militants also renewed a warning to oil companies not to attempt to repair pipelines and facilities damaged by attacks
Nigeria owed $575 million in outstanding air fares, as of March 31, according to the International Air Transport Association
Ghana is seeking a syndicated loan to reduce budget deficit, while tapping the offshore bond market this year is crucial for Nigeria
Africa’s biggest economy is set to enter a recession—and the president could soon run out of goodwill
There had been strong speculation of a more flexible rate of exchange, which would have been seen as Buhari climbing down.
‘Exiting Nigeria is a very big decision and would not be taken lightly,’ airline country chief says as currency controls bite carriers.
The last flight will be June 30, after which Delta Air Lines will be the only major US carrier flying to Africa. It was coming, and more could follow.
Country's biggest ever spending plan it meant to wean it off oil, but lawmakers had held it up following glaring errors.
Buhari's new headache: Nigerian oil rebels 'blow up' facility operated by US firm Chevron in Delta state
"A previously unknown group called the Niger Delta Avengers has claimed responsibility for the incident," spokesman says
South African retailers are facing domestic headwinds including weak domestic consumer confidence, rising interest rates and a weak rand.
Economic ‘beer index’: Hit where it hurts, Nigerians no longer drinking as Guinness profits fall 83%
Tough economic times means locals can not afford to even drown their sorrows as numbers from local unit of multinational brewer tell the story.
Nigeria's Buhari, doing everything to avoid the IMF, brings home Chinese billions; analysts say 'tiny' for a giant
Nigerian president has been to more than 20 countries since taking office a year ago; his countrymen have nicknamed him Mr 'Always Away'
Loving the ‘Lagos model’: Buhari turns to taxman as Nigeria bites the bullet and looks away from oil
Nigeria has one of the lowest tax ratios globally – just 1.6% in 2012. Ghana has 14.9%, South Africa 25% and oil-rich Norway 26.8%
Two years after big praise, some of Africa’s former brightest economic stars are seeking bailouts. What went wrong?
With easy money all around, insufficient attention was paid to the quality of economic policy-making
Nigerian foreign-exchange controls undermining Buhari political reforms and making country ‘uninvestable’
Nigeria has a pretty powerful political and governance reform story, but's being undone by a very repressive economic policy
In March prices at the pump were at their highest level since the country’s National Bureau of Statistics began compiling such data in June 2014
Some spent the night in their vehicles waiting in the queue outside a filling station. Paramilitary officers shot dead black market petrol sellers
Egypt allowed the biggest one-time depreciation of the pound since 2003, as Nigeria doubled down on capital controls to shore up the naira
Come holiday here! Nigeria's plan to attract rare tourists—with what it says are Africa's best kept secrets
Starved of oil cash, West African giant now wants a slice of lucrative tourism, and it is betting on among others its elephants and warm springs.