FRANKOFILI.NET Blog

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Malabu scam: FG sues Shell, Eni in London

The Federal Government said it had filed a 1.1-billion-dollar lawsuit against Royal Dutch Shell and Eni in a commercial court in London in relation to a 2011 oilfield deal in Nigeria. The two oil majors...

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Nigeria’s foreign reserve on the rise again

After losing a record $2.1 billion in 30 days, Nigeria’s foreign reserve is on the rise again. Data from the Central Bank of Nigeria shows that the nation’s reserve surged by over $230 million...