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New Suspicious Payments: Africa Intelligence Reveals the Fate of Medoil
| News
The French intelligence website Africa Intelligence reported on Wednesday that a public financial auditor is looking to shut down Medoil, a subsidiary of the National Oil Corporation.
The websi…
Exclusive: Central Bank of Libya Announces Arrival of New Cash Shipment to Address Liquidity Crisis
| News
The Central Bank of Libya exclusively revealed to our source that a new shipment of cash has arrived at the bank from abroad. This is part of the ongoing effort to distribute the cash to various b…
Exclusive: As the Swap Mechanism Nears Suspension, Masoud Suleiman Directs Shipment Scheduling and Fuel Purchases Through Public Tendering
| News
Our source has exclusively obtained a letter from the Acting Chairman of the National Oil Corporation regarding the suspension of the swap mechanism, effective March 1, 2025.
The letter calls f…
Exclusive: Masoud Suleiman Assigns the Head of the Oil Constructions Company to Oversee Management at Waha Oil Company
| News
Our source has obtained a letter from the Acting Chairman of the National Oil Corporation addressed to the Chairman of the National Oil Constructions Company.
The letter states that the Chairma…
Exclusive: The Government of National Unity Issues Instructions to LPTIC to Postpone Any Changes to the Boards of Subsidiary Companies for the Time Being
| News
Our source has exclusively obtained a correspondence from the Government of National Unity addressed to the Chairman and members of the Board of Directors of the LPTIC.
The letter emphasizes th…
Exclusive: Central Bank Aims to Keep Dollar Below 6.30 Before Ramadan, Policy Tied to Spending and Revenue
| News
The Central Bank of Libya told our source exclusively that its goal is to ensure the black market exchange rate of the dollar does not exceed 6.30 LYD before Ramadan, with a further target of 6.15…