Ngozi Okonjo-Iweala, finance minister of Nigeria, discusses the problem of oil theft and pipeline vandalism in the country.» Read More
MAIDUGURI, Nigeria-- Sabotaged phone lines prevented students from warning friends and possibly saving their lives in the attack in which 22 college students were killed earlier this week, survivors said Friday. John Bello, a Mubi college student, said Friday that only one mobile phone network was working in the town and that it was congested.
LONDON, Oct 5- Nigeria liquefied natural gas on Friday declared a force majeure on plant output after an attempt to steal crude oil from a pipeline led to a fire, Shell said. Shell, which has a 25.6 percent stake in Nigeria LNG, on Sunday shut its 28- inch Bomu-Bonny trunk line after oil thieves caused a fire, it said.
LONDON, Oct 5- Nigeria liquefied natural gas on Friday declared a force majeure on plant output after an attempt to steal crude oil from a pipeline led to a fire, Shell said. "An attempt was made to steal crude oil from the Bomu-Bonny trunk line and offload it onto a waiting ship that led to a fire on the line and on the ship on Sunday," a Shell spokesman said.
TEMA, Ghana-- Ghanaian officials on Friday refused to release an Argentine naval ship that was seized in the West African nation due to a complaint by a U.S. hedge fund. Officials of the Ghana Ports and Harbors Authority told The Associated Press they will release the ship only after they receive a court order.
*Qua Iboe down about 10 cents at dated plus $2.10- $2.50. LONDON, Oct 5- West African crude oil differentials slipped a little on Friday as an overhang of unsold cargoes loading in November forced asking levels down for a range of crudes.
NAIROBI, Oct 5- The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday. *MAURITIUS- Mauritius releases inflation data for September. *MAURITIUS- Bank of Mauritius auctions 364- day Treasury bills worth a.
LAGOS, Oct 4- Nigerian billionaire Aliko Dangote on Thursday sold 63 percent of Dangote Flour to South African consumer goods firm Tiger Brands in a deal worth $188 million, brokers said. The sale of 3.1 billion shares on the Nigerian Stock Exchange was done at 9.50 naira per share, after regulators' approval last month.
LAGOS, Oct 4- Nigerian billionaire Aliko Dangote on Thursday sold 63 percent of Dangote Flour to South African consumer goods firm Tiger Brands in a deal worth $188 million, brokers said.
*Oil India to get 20 pct, Indian Oil Corp 10 pct in Niobrara shale acreage. and Indian Oil Corp have jointly bought a 30 percent stake in Houston- based Carrizo Oil& Gas's Niobrara shale asset in Colorado for $82.5 million, the companies said in a statement.
*NIGERIA- Nigeria's cabinet expected to deliver the government's 2013. *ZAMBIA- Bank of Zambia auctions Treasury bills of various maturities. MAURITIUS- Bank of Mauritius auctions 273- day Treasury bills worth a.
MIAMI-- Soccer will come to the Miami Marlins' new ballpark for the first time Nov. 14 when Venezuela plays Nigeria in an international friendly. The game, announced Tuesday by Marlins officials, is one of many non-baseball events planned at the ballpark, which opened this year.
NEW DELHI, Oct 3- Indian state-run Bharat Petroleum Corp has signed a deal with Chevron to buy 10,000 barrels per day Nigerian crude in the year ending March 31, 2013, two sources familiar with the deal said on Wednesday. BPCL operates the 240,000 bpd Mumbai refinery in western India and the 190,000 bpd Kochi plant in southern India.
*TANZANIA- Bank of Tanzania to auction a 10- year fixed rate Treasury bond. *KENYA- The Nairobi Securities Exchange and FTSE International launch the. *KENYA- Central Bank of Kenya auctions 364- day and 182- day Treasury bills.
*Qua Iboe valued at dated plus $2.20- $2.60. LONDON, Oct 3- Nigerian crude oil differentials slipped a little on Wednesday as a small overhang of November-loading cargoes encouraged sellers to move lower. *Qua Iboe: 5- 10 cents per barrel lower, traders said.
*Qua Iboe valued at dated plus $2.30- $2.60. LONDON, Oct 2- Nigerian crude differentials held steady on Tuesday, below peaks reached last week during a buying spree led by Indian refiners, while remaining Angolan cargoes were expected to weaken. *Qua Iboe: Offered at dated plus $2.70 to $2.75 and considered more likely to trade between plus $2.30 and plus $2.60.
*Oil output at TNK-BP falls almost 1 pct in Sept vs Aug. Russia's oil output edged up 0.3 percent in September compared with August to reach 10.41 million barrels per day, encouraged by oil price increases.
TEL AVIV, Oct 2- Shikun& Binui, Israel's leading construction group, won a contract worth $390 million from the government of Nigeria to pave and widen a highway in the Sagamu-Benin region. Shikun& Binui is controlled by the Arison Group, the investment arm of billionaire Shari Arison. Its shares were up 3.3 percent in morning trade in Tel Aviv.
NAIROBI, Oct 2- The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. *UGANDA- Bank of Uganda releases its decision on the benchmark lending rate. *BOTSWANA- Bank of Botswana to auction its 14- day certificate Treasury bill.
MOSCOW, Oct 2- Russia's oil output, the world's largest, edged up 0.3 percent in September compared with August to reach a new post-Soviet high of 10.41 million barrels per day on the back of oil price increases, Energy Ministry data showed on Tuesday. In tonnes, Russia's crude production stood at 42.59 million last month, the ministry said.
NAIROBI, Oct 2- The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. *BOTSWANA- Bank of Botswana to auction its 14- day certificate Treasury bill. Brent crude futures steadied near $112 a barrel on Tuesday as investors.