Naira

Mozambique’s LNG Revival Gets Boost from ExxonMobil as It Awards $1.1 Billion in Contracts

Posted on August 18, 2026 by Archak Mitra

Mozambique’s long-held dreams of natural gas have got a fresh boost following an estimated $1.1 billion contract award by ExxonMobil for the Rovuma LNG Phase 1 project in Mozambique’s Cabo Delgado region. The signing of the contracts represents a big leap towards FID for the project, whose objective is to build onshore LNG facilities with […]

Naira devalued as CBN seeks uniformity in exchange

Posted on March 21, 2020 by Archak Mitra

Central Bank of Nigeria may have devalued the Naira by as much as 15 per cent as it seeks a single exchange rate instead of the often criticised multiple rates. An indication that the Naira has been devalued came when news filtered that the CBN sold the U.S. dollar to Jaiz Bank at 360 naira […]