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20 Billion Dollars Missing From Nigeria’s State Owned Oil Company

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AFRICANGLOBE - Nigeria’s soaring economy has met its match: old-style politics. On Feb. 20, president Goodluck Jonathan suspended central bank governor Lamido Sanusi amid the latter’s claims that $20 billion in revenue was missing from the state oil corporation. The move sparked widening bond spreads and tumbling currency valuation in Africa’s most populous nation.

Nigeria’s Central Bank Gov Backs Single Currency For Africa

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AFRICANGLOBE - Central Bank of Nigeria (CBN) Governor, Sanusi Lamido Sanusi has thrown his weight behind the proposed Africa Monetary Union which will see the continent have one central bank and a single currency.
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