After several weeks of bated breath, the Senate on Tuesday approved a $52 per barrel oil benchmark for the 2015 budget. It also predicated the budget on an EXCHANGE RATEof N190 to the dollar. This is just as the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has restated that she […]

Tue Feb 24, 2015/Reuters Angola plans to borrow $10 billion in additional external debt this year, including issuing a debut $1.5 billion Eurobond, as Africa’s second largest crude exporter battles with falling oil prices, two banking sources said. Angola is hoping to get a $1 billion credit line from the […]

Feb 24, 2015/Bloomberg Nigeria is riven by an Islamist insurgency, political chaos and sliding oil prices. For a unit of Africa’s biggest insurer, the potential returns from its currency are still too good to resist. Bryan Carter, who oversees almost $500 million for Acadian Asset Management Inc., is switching out […]