Updates

Nigeria oil minister says OPEC cuts unlikely, Algeria meeting could help price

August 18, 2016/Reuters By Ulf Laessing Nigerian oil minister Emmanuel Ibe Kachikwu said on Thursday that while a cut in OPEC production is unlikely, there is hope a meeting of producers in Algeria next month could help shore up crude prices. Kachikwu also said in a speech in Lagos that […]

Nigeria naira sinks to new all-time low of 365.25 per dollar

August 18, 2016/Reuters The Nigerian naira traded at an all-time low of 365.25 to the dollar on Thursday in a single interbank market trade of $1 million, Thomson Reuters data showed. Interbank trading started two hours after the market opened and offered the currency sharply lower against the dollar. A […]

AfDB Group appoints Hélène N’Garnim-Ganga as General Counsel

August 18, 2016/AfDB The African Development Bank is pleased to announce the appointment of Hélène N’Garnim-Ganga as General Counsel of the African Development Bank Group with effect from 19th September 2016. She will join the Senior Management Team of the Bank. Hélène N’Garnim-Ganga, a national of Chad, is currently the […]