Ruth Olurounbi
Freelance Journalist at Freelance
a journalist in transition. | “Sons are the anchors of a mother’s life.” — Sophocles |PSA: all opinions, mine; RTs =/= endorsement.
Articles
-
1 week ago |
bloomberg.com | Ruth Olurounbi
A customer counts out payment from a bundle of 500 naira banknotes in Lagos, Nigeria, in April 2022. (Bloomberg) -- Nigeria may have to devalue its naira again as sliding oil prices triggered by US President Donald Trump’s trade war pressure the budget of Africa’s largest crude producer. “The natural policy response to lower oil prices is a depreciation of the naira, as this boosts oil revenues in naira terms,” Goldman Sach Group Inc. economist Andrew Matheny said in an interview.
-
1 week ago |
bloomberg.com | Ruth Olurounbi
(Bloomberg) -- Venture capital funding for African startups shrank again last year, though the share of home-grown investors advanced. Inflows dropped 22% to $3.6 billion compared with 2023, the London-based African Private Capital Association said in a report. That decline followed a 31% drop in 2023.
-
2 weeks ago |
bloomberg.com | Ruth Olurounbi
Nigeria petroleum imports declined by 23% as local crude processing capacity improved with the giant Dangote refinery and a second plant in Port Harcourt coming online. (Bloomberg) -- Nigeria recorded its first balance of payments surplus in three years as reforms including boosting oil and gas production, removing fuel subsidies and free-floating the naira paid off.
-
3 weeks ago |
news.bloomberglaw.com | Ruth Olurounbi |Paul Burkhardt
Nigerian President Bola Tinubu hired the former head of a unit of Shell Plc to run the state oil company, as Africa’s biggest crude producer works to boost output and prepare the firm for an initial public offering. Bashir Ojulari will replace Mele Kyari as head of NNPC Ltd. with immediate effect, presidency spokesman Bayo Onanuga said in a statement.
-
3 weeks ago |
financialpost.com | Ruth Olurounbi |Paul Burkhardt
Bashir Ojulari will replace Mele Kyari as head of NNPC Ltd. with immediate effect, presidency spokesman Bayo Onanuga said in a statement. Ojulari most recently served as chief operating officer of Renaissance Africa Energy Co., and previously led Shell Nigeria Exploration and Production Co.The new board has been asked to conduct a strategic review of NNPC-operated and joint venture assets “to ensure alignment with value-maximization objectives,” Onanuga said.
Try JournoFinder For Free
Search and contact over 1M+ journalist profiles, browse 100M+ articles, and unlock powerful PR tools.
Start Your 7-Day Free Trial →Coverage map
X (formerly Twitter)
- Followers
- 4K
- Tweets
- 72K
- DMs Open
- Yes