IBOV 173,768.17 ▼ 0.03% IPSA 10,913.99 ▼ 0.31% IPC MEX 66,358.81 ▼ 0.08% MERVAL 3,187,056 ▲ 0.06% COLCAP 2,287.57 ▲ 0.11% BVL PERÚ 57,220.16 — — USD/BRL5.11▲ 0.18% USD/MXN17.53▲ 0.62% USD/CLP933.17▲ 0.88% USD/COP3,251▲ 0.61% USD/PEN3.40▲ 0.44% USD/ARS1,478▲ 0.17% USD/UYU40.23▲ 1.74% USD/PYG6,032▲ 1.81% USD/BOB10.65▲ 4.37% USD/DOP58.24▲ 1.37% USD/CRC446.12▲ 1.44% USD/GTQ7.62▲ 2.73% USD/HNL26.73▲ 1.94% USD/NIO36.62▲ 1.17% USD/VES730.65▲ 0.57% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.62▲ 0.89% USD/TTD6.74▲ 1.70% EUR/BRL5.84▲ 0.15% BRENT 87.74 ▲ 4.17% WTI 81.47 ▲ 3.19% IRON ORE 161.91 — — COPPER 6.27 ▼ 0.48% GOLD 4,016 ▲ 0.75% SILVER 56.37 ▲ 0.84% SOY 1,203 ▲ 0.63% CORN 468.25 ▲ 6.06% WHEAT 684.75 ▲ 1.48% COFFEE 321.10 ▼ 0.06% SUGAR 14.82 ▲ 2.63% ORANGE JUICE 139.35 ▲ 4.15% COTTON 78.93 ▲ 1.60% COCOA 5,610 ▲ 7.55% BEEF 220.63 ▼ 2.84% CATTLE 339.08 ▼ 2.17% LITHIUM 68.37 ▼ 0.71% PETR4 40.82 ▲ 2.33% VALE3 72.64 ▼ 0.47% ITUB4 41.91 ▼ 1.50% BBDC4 18.24 ▼ 0.92% ABEV3 15.54 ▼ 0.38% BBAS3 20.32 ▼ 2.12% B3SA3 15.23 ▼ 1.04% WEGE3 43.45 ▼ 0.09% PRIO3 57.71 ▲ 1.62% SUZB3 41.90 ▲ 0.48% RENT3 38.04 ▼ 2.11% AZZA3 18.38 ▼ 0.81% CSAN3 3.87 ▼ 0.26% RAIZ4 0.27 ▼ 6.90% PCAR3 2.55 ▼ 1.54% GMAT3 3.89 ▼ 0.77% PSSA3 54.97 ▼ 0.45% CVCB3 1.24 ▼ 8.15% POSI3 3.77 ▼ 2.84% SLCE3 13.50 ▼ 0.81% NATU3 8.54 ▼ 0.23% BRKM5 6.22 ▲ 1.97% RANI3 7.95 ▼ 1.61% CSNA3 5.05 ▼ 0.98% CMIN3 5.31 ▼ 2.57% USIM5 8.23 ▲ 4.18% GGBR4 24.01 ▲ 0.42% ENEV3 25.81 ▼ 0.54% CPFE3 47.15 ▼ 0.08% CMIG4 11.18 ▲ 0.81% EQTL3 39.50 ▼ 0.88% LREN3 13.26 ▼ 2.86% VIVT3 35.66 ▲ 0.54% RAIL3 13.73 ▼ 1.44% KLABIN 17.54 ▲ 1.04% RAIA DROGASIL 18.42 ▼ 0.54% RDOR3 35.67 ▼ 0.56% HAPV3 11.36 ▲ 3.74% FLRY3 16.62 ▲ 1.22% SMTO3 15.43 ▼ 1.84% UGPA3 32.12 ▲ 0.41% VBBR3 34.72 ▲ 1.02% BBSE3 40.86 ▼ 0.78% BPAC11 56.12 ▼ 0.83% CURY3 30.64 ▼ 2.08% AERI3 2.03 ▲ 0.50% VIVARA 22.54 ▼ 3.47% COMPASS 24.85 ▼ 0.24% VAMOS 3.20 ▲ 1.27% SANB11 26.69 ▼ 0.52% ASAI3 8.42 ▼ 1.64% SBSP3 29.27 ▼ 0.10% WALMEX 49.50 ▼ 0.12% GMEXICO 199.83 ▲ 0.30% FEMSA 224.02 ▼ 0.46% CEMEX 22.69 ▼ 0.40% GFNORTE 180.50 ▲ 0.06% BIMBO 58.00 ▲ 0.14% TELEVISA 9.60 ▲ 0.95% AMX 23.19 ▲ 1.80% GAP 387.82 ▼ 1.01% ASUR 279.50 ▼ 0.51% OMA 230.51 ▼ 1.11% KOF 180.21 ▲ 0.70% GRUMA 286.76 ▲ 0.14% KIMBER 38.54 ▼ 0.62% SQM-B 65,004 ▼ 1.58% COPEC 6,215 ▲ 1.45% BSANTANDER 77.38 ▼ 1.00% FALABELLA 5,885 ▲ 0.54% ENELAM 84.61 ▼ 0.22% CENCOSUD 2,002 ▼ 0.15% CMPC 1,075 ▲ 0.07% BANCO CHILE 188.13 ▼ 0.40% LATAM AIR 24.85 ▼ 2.17% YPF 77,600 ▲ 2.00% GGAL 7,815 ▼ 0.64% PAMPA 5,175 ▲ 1.27% TXAR 664.00 ▲ 0.30% ALUAR 948.00 ▲ 0.85% TGS 9,345 ▼ 0.43% CEPU 2,256 ▼ 0.18% MIRGOR 16,675 ▼ 0.45% COME 43.86 ▼ 1.35% LOMA NEGRA 3,518 ▼ 1.12% BYMA 299.00 ▼ 0.83% TELECOM ARG 4,155 ▼ 0.60% ECOPETROL 15.98 ▲ 1.14% BANCOLOMBIA 79.94 ▲ 0.59% GRUPO AVAL 4.97 — 0.00% CREDICORP 391.05 ▲ 0.93% SOUTHERN COPPER 172.33 ▼ 1.90% BUENAVENTURA 30.17 — 0.00% MERCADOLIBRE 1,817 ▼ 2.18% NUBANK 13.62 ▼ 1.27% XP 16.72 ▲ 0.24% PAGSEGURO 9.07 ▼ 0.93% STONE 11.09 ▼ 1.03% GLOBANT 32.63 ▲ 1.34% TECNOGLASS 45.58 ▼ 2.67% GAP AIRPORT 221.15 ▼ 1.83% ASUR 279.50 ▼ 0.51% OMA AIRPORT 105.18 ▼ 1.89% AMX ADR 26.40 ▲ 1.01% FEMSA ADR 127.77 ▼ 1.33% CEMEX ADR 12.94 ▼ 1.22% PETROBRAS ADR 17.89 ▲ 2.38% VALE ADR 14.19 ▼ 0.21% ITAU ADR 8.20 ▼ 1.27% SANTANDER BR 5.24 ▼ 1.04% AMBEV ADR 3.02 ▼ 1.15% CSN 0.99 ▼ 0.73% GERDAU 4.72 — 0.00% LATAM ADR 52.73 ▼ 0.85% BTC 64,204 ▲ 0.65% ETH 1,845 ▼ 0.97% SOL 75.26 ▼ 0.02% XRP 1.09 ▲ 0.51% BNB 566.47 ▼ 1.00% ADA 0.17 ▲ 3.38% DOGE 0.07 ▲ 0.51% AVAX 6.60 ▲ 1.44% LINK 8.24 ▼ 1.08% DOT 0.86 ▲ 0.03% LTC 45.00 ▲ 0.13% BCH 220.10 ▼ 0.68% TRX 0.32 ▼ 0.05% XLM 0.19 ▲ 1.08% HBAR 0.07 ▼ 0.40% NEAR 1.93 ▼ 1.96% ATOM 1.52 ▲ 0.88% AAVE 90.75 ▼ 0.42% SELIC 14.25% EMBRAER 82.05 ▲ 0.34% EMBRAER ADR 64.22 ▼ 0.23% JBS 11.80 ▼ 1.91% JBS BDR 60.19 ▼ 2.13% MBRF3 14.89 ▼ 2.62% MBRFY 2.89 ▼ 1.37% INTER 5.37 ▼ 3.16% EGX 52,928 ▲ 0.70% USD/ZAR16.53▲ 0.62% USD/NGN1,378▼ 0.20% NIKKEI 64,141 ▼ 4.03% CSI300 4,529 ▼ 3.60% HSI 24,562 ▼ 1.78% NIFTY 24,334 ▲ 1.09% KOSPI 6,821 ▼ 6.37% JCI 6,176 ▲ 1.10% USD/JPY162.44▲ 0.03% USD/CNY6.77▼ 0.08% DAX 24,831 ▼ 0.34% CAC 8,339 ▼ 0.47% FTSE 10,600 ▲ 0.27% MIB 51,882 ▼ 0.94% IBEX 19,217 ▼ 0.45% STOXX 641.53 ▼ 0.34% EUR/USD1.14▼ 0.03% GBP/USD1.35▼ 0.64% SPX 7,468 ▼ 0.87% DJI 52,224 ▼ 0.63% NDX 28,684 ▼ 1.18% RUT 2,956 ▼ 0.62% TSX 35,202 ▼ 0.39% VIX 18.80 ▲ 12.37% USD/CAD1.40▼ 0.21% US10Y 4.5370 ▼ 0.70% IBOV 173,768.17 ▼ 0.03% IPSA 10,913.99 ▼ 0.31% IPC MEX 66,358.81 ▼ 0.08% MERVAL 3,187,056 ▲ 0.06% COLCAP 2,287.57 ▲ 0.11% BVL PERÚ 57,220.16 — — USD/BRL 5.11 ▲ 0.18% USD/MXN 17.53 ▲ 0.62% USD/CLP 933.17 ▲ 0.88% USD/COP 3,251 ▲ 0.61% USD/PEN 3.40 ▲ 0.44% USD/ARS 1,478 ▲ 0.17% USD/UYU 40.23 ▲ 1.74% USD/PYG 6,032 ▲ 1.81% USD/BOB 10.65 ▲ 4.37% USD/DOP 58.24 ▲ 1.37% USD/CRC 446.12 ▲ 1.44% USD/GTQ 7.62 ▲ 2.73% USD/HNL 26.73 ▲ 1.94% USD/NIO 36.62 ▲ 1.17% USD/VES 730.65 ▲ 0.57% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.62 ▲ 0.89% USD/TTD 6.74 ▲ 1.70% EUR/BRL 5.84 ▲ 0.15% BRENT 87.74 ▲ 4.17% WTI 81.47 ▲ 3.19% IRON ORE 161.91 — — COPPER 6.27 ▼ 0.48% GOLD 4,016 ▲ 0.75% SILVER 56.37 ▲ 0.84% SOY 1,203 ▲ 0.63% CORN 468.25 ▲ 6.06% WHEAT 684.75 ▲ 1.48% COFFEE 321.10 ▼ 0.06% SUGAR 14.82 ▲ 2.63% ORANGE JUICE 139.35 ▲ 4.15% COTTON 78.93 ▲ 1.60% COCOA 5,610 ▲ 7.55% BEEF 220.63 ▼ 2.84% CATTLE 339.08 ▼ 2.17% LITHIUM 68.37 ▼ 0.71% PETR4 40.82 ▲ 2.33% VALE3 72.64 ▼ 0.47% ITUB4 41.91 ▼ 1.50% BBDC4 18.24 ▼ 0.92% ABEV3 15.54 ▼ 0.38% BBAS3 20.32 ▼ 2.12% B3SA3 15.23 ▼ 1.04% WEGE3 43.45 ▼ 0.09% PRIO3 57.71 ▲ 1.62% SUZB3 41.90 ▲ 0.48% RENT3 38.04 ▼ 2.11% AZZA3 18.38 ▼ 0.81% CSAN3 3.87 ▼ 0.26% RAIZ4 0.27 ▼ 6.90% PCAR3 2.55 ▼ 1.54% GMAT3 3.89 ▼ 0.77% PSSA3 54.97 ▼ 0.45% CVCB3 1.24 ▼ 8.15% POSI3 3.77 ▼ 2.84% SLCE3 13.50 ▼ 0.81% NATU3 8.54 ▼ 0.23% BRKM5 6.22 ▲ 1.97% RANI3 7.95 ▼ 1.61% CSNA3 5.05 ▼ 0.98% CMIN3 5.31 ▼ 2.57% USIM5 8.23 ▲ 4.18% GGBR4 24.01 ▲ 0.42% ENEV3 25.81 ▼ 0.54% CPFE3 47.15 ▼ 0.08% CMIG4 11.18 ▲ 0.81% EQTL3 39.50 ▼ 0.88% LREN3 13.26 ▼ 2.86% VIVT3 35.66 ▲ 0.54% RAIL3 13.73 ▼ 1.44% KLABIN 17.54 ▲ 1.04% RAIA DROGASIL 18.42 ▼ 0.54% RDOR3 35.67 ▼ 0.56% HAPV3 11.36 ▲ 3.74% FLRY3 16.62 ▲ 1.22% SMTO3 15.43 ▼ 1.84% UGPA3 32.12 ▲ 0.41% VBBR3 34.72 ▲ 1.02% BBSE3 40.86 ▼ 0.78% BPAC11 56.12 ▼ 0.83% CURY3 30.64 ▼ 2.08% AERI3 2.03 ▲ 0.50% VIVARA 22.54 ▼ 3.47% COMPASS 24.85 ▼ 0.24% VAMOS 3.20 ▲ 1.27% SANB11 26.69 ▼ 0.52% ASAI3 8.42 ▼ 1.64% SBSP3 29.27 ▼ 0.10% WALMEX 49.50 ▼ 0.12% GMEXICO 199.83 ▲ 0.30% FEMSA 224.02 ▼ 0.46% CEMEX 22.69 ▼ 0.40% GFNORTE 180.50 ▲ 0.06% BIMBO 58.00 ▲ 0.14% TELEVISA 9.60 ▲ 0.95% AMX 23.19 ▲ 1.80% GAP 387.82 ▼ 1.01% ASUR 279.50 ▼ 0.51% OMA 230.51 ▼ 1.11% KOF 180.21 ▲ 0.70% GRUMA 286.76 ▲ 0.14% KIMBER 38.54 ▼ 0.62% SQM-B 65,004 ▼ 1.58% COPEC 6,215 ▲ 1.45% BSANTANDER 77.38 ▼ 1.00% FALABELLA 5,885 ▲ 0.54% ENELAM 84.61 ▼ 0.22% CENCOSUD 2,002 ▼ 0.15% CMPC 1,075 ▲ 0.07% BANCO CHILE 188.13 ▼ 0.40% LATAM AIR 24.85 ▼ 2.17% YPF 77,600 ▲ 2.00% GGAL 7,815 ▼ 0.64% PAMPA 5,175 ▲ 1.27% TXAR 664.00 ▲ 0.30% ALUAR 948.00 ▲ 0.85% TGS 9,345 ▼ 0.43% CEPU 2,256 ▼ 0.18% MIRGOR 16,675 ▼ 0.45% COME 43.86 ▼ 1.35% LOMA NEGRA 3,518 ▼ 1.12% BYMA 299.00 ▼ 0.83% TELECOM ARG 4,155 ▼ 0.60% ECOPETROL 15.98 ▲ 1.14% BANCOLOMBIA 79.94 ▲ 0.59% GRUPO AVAL 4.97 — 0.00% CREDICORP 391.05 ▲ 0.93% SOUTHERN COPPER 172.33 ▼ 1.90% BUENAVENTURA 30.17 — 0.00% MERCADOLIBRE 1,817 ▼ 2.18% NUBANK 13.62 ▼ 1.27% XP 16.72 ▲ 0.24% PAGSEGURO 9.07 ▼ 0.93% STONE 11.09 ▼ 1.03% GLOBANT 32.63 ▲ 1.34% TECNOGLASS 45.58 ▼ 2.67% GAP AIRPORT 221.15 ▼ 1.83% ASUR 279.50 ▼ 0.51% OMA AIRPORT 105.18 ▼ 1.89% AMX ADR 26.40 ▲ 1.01% FEMSA ADR 127.77 ▼ 1.33% CEMEX ADR 12.94 ▼ 1.22% PETROBRAS ADR 17.89 ▲ 2.38% VALE ADR 14.19 ▼ 0.21% ITAU ADR 8.20 ▼ 1.27% SANTANDER BR 5.24 ▼ 1.04% AMBEV ADR 3.02 ▼ 1.15% CSN 0.99 ▼ 0.73% GERDAU 4.72 — 0.00% LATAM ADR 52.73 ▼ 0.85% BTC 64,204 ▲ 0.65% ETH 1,845 ▼ 0.97% SOL 75.26 ▼ 0.02% XRP 1.09 ▲ 0.51% BNB 566.47 ▼ 1.00% ADA 0.17 ▲ 3.38% DOGE 0.07 ▲ 0.51% AVAX 6.60 ▲ 1.44% LINK 8.24 ▼ 1.08% DOT 0.86 ▲ 0.03% LTC 45.00 ▲ 0.13% BCH 220.10 ▼ 0.68% TRX 0.32 ▼ 0.05% XLM 0.19 ▲ 1.08% HBAR 0.07 ▼ 0.40% NEAR 1.93 ▼ 1.96% ATOM 1.52 ▲ 0.88% AAVE 90.75 ▼ 0.42% SELIC 14.25% EMBRAER 82.05 ▲ 0.34% EMBRAER ADR 64.22 ▼ 0.23% JBS 11.80 ▼ 1.91% JBS BDR 60.19 ▼ 2.13% MBRF3 14.89 ▼ 2.62% MBRFY 2.89 ▼ 1.37% INTER 5.37 ▼ 3.16% EGX 52,928 ▲ 0.70% USD/ZAR 16.53 ▲ 0.90% USD/NGN 1,378 ▲ 0.02% NIKKEI 64,141 ▼ 4.03% CSI300 4,529 ▼ 3.60% HSI 24,562 ▼ 1.78% NIFTY 24,334 ▲ 1.09% KOSPI 6,821 ▼ 6.37% JCI 6,176 ▲ 1.10% USD/JPY 162.44 ▲ 0.06% USD/CNY 6.7677 ▲ 0.07% DAX 24,831 ▼ 0.34% CAC 8,339 ▼ 0.47% FTSE 10,600 ▲ 0.27% MIB 51,882 ▼ 0.94% IBEX 19,217 ▼ 0.45% STOXX 641.53 ▼ 0.34% EUR/USD 1.1439 ▼ 0.04% GBP/USD 1.3455 ▼ 0.19% SPX 7,468 ▼ 0.87% DJI 52,224 ▼ 0.63% NDX 28,684 ▼ 1.18% RUT 2,956 ▼ 0.62% TSX 35,202 ▼ 0.39% VIX 18.80 ▲ 12.37% USD/CAD 1.4011 ▼ 0.20% US10Y 4.5370 ▼ 0.70%
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World-News Africa

Nigeria’s Tinubu Suspends Rivers State Governor Amid Oil Crisis and Pipeline Explosion

By · March 19, 2025 · 2 min read

Africa Intelligence

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President Bola Tinubu declared a state of emergency in Nigeria’s oil-rich Rivers State on March 18, suspending Governor Siminalayi Fubara, his deputy, and all state lawmakers for six months.

The President cited persistent political crisis and recent pipeline vandalism as key reasons for this extraordinary measure. The declaration follows months of conflict between Governor Fubara and his predecessor.

Political tensions escalated when some state lawmakers recently initiated impeachment proceedings against Fubara. They accused him of budget irregularities and issues with the legislative chamber’s composition.

Tinubu specifically criticized Fubara for failing to address pipeline vandalism. An explosion rocked the Trans-Niger Pipeline on March 17-18, threatening production of over 450,000 barrels of crude oil daily.

Nigeria’s Emergency Declaration Sparks Constitutional Debate

The blast occurred in Bodo, Gokana Local Government Area, sending thick smoke visible for miles. “No good and responsible president will stand by and allow the grave situation to continue without taking remedial steps,” Tinubu stated during his national broadcast.

Nigeria's Tinubu Suspends Rivers State Governor Amid Oil Crisis and Pipeline Explosion
Nigeria’s Tinubu Suspends Rivers State Governor Amid Oil Crisis and Pipeline Explosion. (Photo Internet reproduction)
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He also mentioned Fubara’s demolition of the state’s House of Assembly building 14 months ago without rebuilding it. The Trans-Niger Pipeline spans approximately 180 kilometers and serves as a critical infrastructure for transporting crude oil to the Bonny Export Terminal.

Renaissance and the Nigerian National Petroleum Company Limited operate this vital pipeline. Retired Vice Admiral Ibokette Ibas will now serve as military administrator of Rivers State. The judiciary will continue to function normally during this period.

The Nigerian Bar Association has condemned the suspension as unconstitutional. They argue that while Section 305 of the Constitution permits declaring a state of emergency, it does not grant the President power to remove elected officials.

Section 188 of the Constitution specifies that governors can only be removed through impeachment by the State House of Assembly. The NBA calls the suspension “an unconstitutional usurpation of power” and “an alarming breach of Nigeria’s federal structure.”

The emergency declaration requires approval from two-thirds of the National Assembly to remain valid. If approved, the emergency rule will continue for six months with possible extension.

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