* Cbank leaked letter said $50 billion unaccounted for * Finance, oil ministers held talks with cbank governor * Probes have found state-oil firm to lack transparency Nigeria’s central bank said on Wednesday the state-oil company NNPC had not paid $12 billion it earned from oil sales into government accounts, […]
World News
External reserves fall by $3bn, hit one-year low
The nation’s external reserves have dropped to a record one-year low of $44.1bn, according to the latest data from the Central Bank of Nigeria. The statistics also indicated that the reserves had fallen by $3bn between August 14 and December 17. It was on December 28, 2012 that the reserves […]
Russian bailout wins Ukraine economic respite but deepens political rift
Ukraine’s President Viktor Yanukovich has secured a $15 billion bailout from Russia, offering respite for an economy heading ever closer to default but also drawing accusations he has sold his country out to its former Soviet master. By grasping the lifeline thrown by Russian leader Vladimir Putin, Yanukovich reignited demands […]
