Nigeria's economy is under pressure from oil price drop

Nigeria is Africa's largest oil producer, pumping over two million barrels a day. For decades, the country has relied heavily on the oil sector to bring in taxes and foreign exchange.
But the drop in the oil price has knocked the value of the local currency - the naira - by nearly 20%.
Those immediately affected are ordinary people, and also the new generation of investors who only entered the oil and gas businesses in recent years.

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Why the Akashas are wanted in US for trial

The tumble of the Akasha dynasty began on November 11, 2014, when Kenyan and US agents burst into the palatial homes of the drug lord's sons in Nyali and captured them. The sons of slain drug lord Ibrahim Akasha, Baktash and Ibrahim, were detained alongside Indian felon Vijaygiri "Vicky" Goswami and Gulam Hussein of Pakistan. They spent close to six months seeking freedom on bond and two years fighting extradition to the US. Also detained was Vijay's girlfriend Mamata Kulkarni, a former Bollywood actress. She was freed without charges and returned to India. Events leading to the arrest were dramatic. A day earlier, the entire anti-narcotics unit in the Coast was transferred from the region and the skeleton that remained was not even aware that US agents and Kenyan colleagues from Nairobi were swarming on the Nyali residences to detain the suspects. It became clear within 24 hours that the four men had been arrested on the strengths of an Interpol Red Notice and i...

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THE LOOMING CRISIS

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