Nigeria
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Julian Roberts, CEO of international long-term savings group, Old Mutual, tells CNBC that they¿ve reshaped there business to drive growth in Sub Saharan Africa, where sales grew by 18 percent.
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NIAMEY, May 6- A Nigerian fighter jet taking part in military operations against al Qaeda- linked Islamic militants in Mali crashed in western Niger, killing its two crew, Niger and Nigerian officials said on Monday.
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BRUSSELS/ GENEVA, May 6- Canada has lost an appeal at the World Trade Organization in a landmark case over incentives offered to local companies, the European Union said on Monday, ahead of the official publication of the appeal decision. Japan and the European Union brought the case over a scheme intended to promote renewable energy in the province of Ontario.
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BRUSSELS/ GENEVA, May 6- Canada has lost an appeal at the World Trade Organization in a landmark case over incentives offered to local companies, the European Union said on Monday, ahead of the official publication of the appeal decision. Japan and the European Union brought the case over a scheme intended to promote renewable energy in the province of Ontario.
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*Nigeria accounts for 7 pct of global LNG supply. ABUJA, May 6- Nigeria's Liquefied Natural Gas exports have been delayed after a security agency blocked ships from accessing the Bonny terminal from May 3 to May 5, the state-LNG firm said on Monday.
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ABUJA, May 6- Nigeria's Liquefied Natural Gas exports have been delayed after a security agency blocked ships from accessing the Bonny terminal from May 3 to May 5, the state-LNG firm said on Monday.
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LAGOS, May 6- The Nigerian unit of Lafarge Cement said on Monday its first quarter pretax profit rose 20.64 percent year-on-year to 7.19 billion naira, compared with 5.96 billion naira in the same period last year.
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NAIROBI, May 6- The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday. to an upbeat U.S. labour force report that sent Wall Street. disruption worries from the Middle East.
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NAIROBI, May 6- The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday. *KENYA- Central Bank of Kenya meets to set key rate. to an upbeat U.S. labour force report that sent Wall Street.
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*Japan, EU argued that Canada discriminated against foreign firms. BRUSSELS, May 6- Canada lost an appeal at the World Trade Organization on Monday in a ruling on incentives offered to local companies, a case that has already led to legal challenges over suspicions of similar perks elsewhere.
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YENAGOA, Nigeria, May 5- Gunmen opened fire on a group of former militants in the oil producing Niger Delta late on Saturday, leading to a shootout that left eight people dead, a security official said.
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LAGOS, May 3- Nigerian lawmakers said that next week they will investigate deals in which the state-oil firm gave two local firms with no previous operating experience the rights to make potentially billions of dollars from oilfields without competitive bidding.
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*Traders waiting for North Sea programmes on Tuesday. *Angola sells quickly on Asian demand for heavier grades. Traders said activity was limited by Monday's UK public holiday, which means that there will be no trade in West African crude oil.
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JOHANNESBURG, May 3- After shunning Zimbabwe during its years of hyperinflation and political strife, foreign investors are finding the southern African country increasingly attractive.
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LAGOS, May 3- Nigerian Breweries, a local unit of Heineken, said on Friday its 2012 first quarter pre-tax profit fell 3.27 percent to 13.58 billion naira, compared with 14.04 billion naira in the same period last year.
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*MTN has 44 pct of Africa's biggest mobile phone market. ABUJA, May 3- Nigeria's telecoms regulator has ordered South African mobile operator MTN to charge customers the same rate whether calling rival operators or other MTN users, in order to reduce its market dominance, it said on Friday.
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LAGOS, May 3- Nigeria local bourse index rose by almost two percent on Friday to a level last seen in 2008, helped by gains in conglomerate, banking and cement stocks. By 1425 GMT The index was up 1.77 percent to hit 35,113 points, its highest since Nov. 28, 2008.
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LAGOS, May 3- Nigeria's Fidelity Bank. Citibank and Deutsche Bank were joint lead managers on the deal, a prospectus obtained by Reuters shows. Samir Gadio, emerging market strategist at Standard Bank, said the issue price had been 99.48 percent and that the bond gives a spread over U.S.
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SYDNEY, May 3- Nigeria has issued new guidelines to oversee the operation of its takaful industry, favoring a centralised format that is gaining favour across the Islamic finance world. Nigeria, home to the largest Muslim population in sub-Saharan Africa, hopes the guidelines will boost insurance penetration.
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Total revenue at the local unit of the world's biggest food group, Nestle SA, however rose to 30.69 billion naira from 28.67 billion naira last year, the company said in a filing with the Nigerian Stock Exchange.
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The C $127.6 billion plan walks a fine line between gradually bringing down Ontario's deficit while implementing the Liberal Leader's "fair society" package of social legislation.