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  • LAGOS, July 29- Nigeria's central bank has injected more than 100 billion naira into Skye bank after sacking the lender's top management this month for failing to meet minimum capital requirements, its new managing director said on Friday. Adetokunbo Abiru also said Skye, Nigeria's eighth-largest bank, made a pre-tax loss last year, due to oil-related bad loans...

  • LAGOS, July 29- Breaking the central bankers' taboo on use of the' p-word', Nigeria's Godwin Emefiele is urging people not to panic about the banking system, saying he is on top of any trouble resulting from the worst crisis in Africa's biggest economy for decades. Non-performing loans are expected to jump to 12.5 percent of total loans this year, up from the central...

  • LAGOS, Nigeria— The Central Bank of Nigeria has raised its benchmark interest rate to 14 percent, a 10- year high, as the naira currency continues its free-fall and the West African oil producer heads into recession. Godwin Emefiele on Tuesday said the rate hike will encourage savings and investment. Nigeria is suffering inflation running at 16.5 percent, and the...

  • LONDON, July 26- Emerging market stocks dug in at nine-month highs on Tuesday ahead of a flurry of central bank meetings, including a possible rate hike in Nigeria where the recently unshackled naira was bobbing at a record low. Hungary, which has been emerging Europe's top performing market again this year, was also holding a rate meeting as was more turbulent...

  • NAIROBI- Central bank of Kenya monetary policy meeting- 0000 GMT. TUESDAY, JULY 26 JOHANNESBURG- South African Finance Minister Pravin Gordhan speaks at Nedbank group's annual investment summit on "the role of business in securing a more prosperous and inclusive future for all South Africans"- 0700 GMT. ANKARA- Turkey central bank to publish quarterly inflation...

  • *Nigeria likely to raise rates to 13.00 pct on Tuesday. JOHANNESBURG, July 22- Nigeria's central bank is likely to raise interest rates on Tuesday in an attempt to curb soaring inflation and attract foreign capital, but it runs the risk of triggering a recession, a Reuters poll showed on Friday. Even so, the median forecast from a Reuters poll of 13 analysts taken July...

  • FRIDAY, JULY 22 BEIJING- Chinese Premier Li Keqiang will hold a roundtable with World Bank President Jim Yong Kim, International Monetary Fund Managing Director Christine Lagarde, World Trade Organization Director-General Roberto Azevedo, International Labor Organization Director-General Guy Ryde, Organization for Economic Cooperation and...

  • THURSDAY, JULY 21 JAKARTA- Indonesia central bank rate decision- 0700 GMT. PRETORIA- South African Reserve Bank rate decision- 1300 GMT. MONDAY, JULY 25 JERUSALEM- Bank of Israel interest rate decision- 1300 GMT.

  • WEDNESDAY, JULY 20 BEIJING- World Bank Group President Jim Yong Kim to visit China. THURSDAY, JULY 21 JAKARTA- Indonesia central bank rate decision- 0700 GMT. PRETORIA- South African Reserve Bank rate decision- 1300 GMT.

  • TUESDAY, JULY 19 LONDON- International Monetary Fund publishes update to World Economic Outlook, including new UK growth forecasts- 1300 GMT. ANKARA- Turkey central bank monetary policy meeting- 1100 GMT. PRETORIA- South African Reserve Bank starts its three-day monetary policy committee meeting.

  • LAGOS, Nigeria— Officials say inflation in Nigeria soared to 16.5 percent in June, with household and utility costs up 24.2 percent. Nigeria's National Bureau of Statistics announced Monday that inflation accelerated from 15.6 percent in May to 16.5 percent in June, with transport costs up 16.9 percent. John Ashbourne of New York- based Capital Economics...

  • KAMPALA/ NAIROBI, July 15- International brewers in Africa are expanding their production of beers based on local ingredients, snapping up craft brewers and introducing more brands as low-cost beers gain popularity on the fast-growing but still poor continent. Diageo unit Uganda Breweries Limited has pinned hopes on Ngule, or "Crown" in the Luganda language,...

  • FRIDAY, JULY 15 ANKARA- Launch of OECD Economic Survey of Turkey. PHNOM PENH- International Monetary Fund representative in Cambodia holds press conference about economy- 0600 GMT. TUESDAY, JULY 19 LONDON- International Monetary Fund publishes update to World Economic Outlook, including new UK growth forecasts- 1300 GMT.

  • THURSDAY, JULY 14 WASHINGTON- International Monetary Fund's head Christine Lagarde speaks at Center for Global Development in Washington on "Redoubling our Resolve for Global Development". PRETORIA- South African central bank Deputy Governor Kuben Naidoo speaks at South Africa's first ever Public Economics Winter School, where tax policy, industrial...

  • SARAJEVO- European Bank for Reconstruction and Development Vice President Philip Bennett visits Bosnia. MANILA- Philippines central bank governor Amando Tetangco to speak at the central bank's luncheon for stakeholders- 0200 GMT. SARAJEVO- European Bank for Reconstruction and Development and Bosnia to sign a 71 million euro infrastructure loan- 0730 GMT.

  • The group has claimed responsibility for a series of attacks in Nigeria's southern oil hub. The militants, whose attacks briefly pushed Nigeria's crude production to 30- year lows in spring, have said they want a greater share of the OPEC member's energy wealth to go to the impoverished southern Niger Delta, the source of most of the country's oil.

  • The group has claimed responsibility for a series of attacks in Nigeria's southern oil hub. The militants, whose attacks briefly pushed Nigeria's crude production to 30- year lows in spring, have said they want a greater share of the OPEC member's energy wealth to go to the impoverished southern Niger Delta, the source of most of the country's oil.

  • LAGOS, July 11- Nigerian militant group Niger Delta Avengers, which has claimed responsibility for the majority of a recent spate of attacks on oil and gas facilities in the country, said late on Monday that it blew up an Exxon Mobil Corp facility. The militants, whose attacks briefly pushed Nigeria's crude production to 30- year lows in spring, said they want a...

  • ABUJA, July 1- Telecoms firm MTN hired former U.S. Attorney General Eric Holder in January to help it reduce a $3.9 billion fine imposed in Nigeria over unregistered SIM cards. The regulator, the Nigerian Communications Commission, rejected the proposal as unjustifiable, documents show, but three months later it accepted a broadly similar deal.

  • ABUJA, June 31- Telecoms firm MTN hired former U.S. Attorney General Eric Holder in January to help it reduce a $3.9 billion fine imposed in Nigeria over unregistered SIM cards. The regulator, the Nigerian Communications Commission, rejected the proposal as unjustifiable, documents show, but three months later it accepted a broadly similar deal.