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Europe Top News and Analysis Nigeria

  • ABUJA, April 20- Nigeria plans to get out of recession by boosting government revenues and cracking down on corruption, Finance Minister Kemi Adeosun said on Thursday, and will also issue more international debt to pay for infrasturcture projects. World Bank chief economist for Africa, Albert Zeufack, on Wednesday said fiscal adjustments in Nigeria would be "...

  • Nigeria oil, Nigeria emerging market

    Nigeria won't get out of a recession as a result of OPEC's actions and must focus on implementing the right type of economic policies; FinMin.

  • Nigeria’s objective is to grow sustainably: Fin min

    Nigerian Finance Minister Kemi Adeosun comments on the African country’s debt levels, while discussing the current state of the economy.

  • Nigeria Fin Min on recognizing Africa’s importance

    Nigerian Finance Minister Kemi Adeosun weighs in on what she’d like to see from U.S. President Donald Trump when it comes to his policy towards Africa and Nigeria.

  • Improving non-oil revenues is an objective going forward: Fin Min

    Nigerian Finance Minister Kemi Adeosun talks about the country’s relationship and dependency on oil, with added discussion on the Niger Delta region.

  • Need stability around oil price: Nigerian Fin Min

    Nigerian Finance Minister Kemi Adeosun comments on the country’s economic forecast, with discussion on how the OPEC deal and oil price moves impacts Nigeria.

  • ABUJA, Nigeria— Nigeria's government says the international airport in its capital is reopening after six weeks of repairs to the runway, which experts had said was in shocking disrepair. The closure of one of West Africa's busiest airports had been another blow to Nigeria's already suffering economy. But after a South African Airways plane was damaged on...

  • ONITSHA, Nigeria, April 12- Striking Nigerian workers cordoned off the country headquarters of U.S. industrial firm General Electric in Lagos on Wednesday in a dispute over wages, a trade union official said. The Petroleum and Natural Gas Senior Staff Association of Nigeria "today picketed General Electric head offices in Lagos over unpaid salaries of some...

  • CAPE TOWN, April 12- Africa's biggest grocery retailer Shoprite is considering a push into Eastern Europe, where it hopes to use knowledge gleaned from former suitor Steinhoff International, its new CEO told Reuters. Engelbrecht, who took over from 37- year veteran Whitey Basson in January, said the company wants to enter markets in Eastern Europe that either "...

  • LONDON, April 11- Royal Dutch Shell was aware that some of the payments it made to Nigeria for rights to an oilfield under a 2011 deal would go to a company associated with former Nigerian oil minister and convicted money launderer Dan Etete, it said in a statement to Reuters. Shell spokesman Andy Norman said the group "always knew" the Nigerian government would...

  • LONDON, April 11- Royal Dutch Shell has said it knew that some of the payments it made to Nigeria for the rights to an oilfield would go to Malabu Oil and Gas, a company associated with a former Nigerian oil minister and convicted money launderer. The statement comes amid mounting pressure over the deal, in which Shell and Italy's Eni paid $1.3 billion for the rights...

  • WASHINGTON/ ABUJA, April 10- President Donald Trump's administration is pushing forward with plans to sell up to a dozen aircraft to Nigeria's air force for the fight against the extremist group Boko Haram, sources said on Monday, in a deal that could be worth up to $600 million. A second production line is in Florida, in a partnership between Embraer and privately...

  • WASHINGTON/ ABUJA, April 10- President Donald Trump's administration is pushing forward with plans to sell up to a dozen aircraft to Nigeria's air force for the fight against the extremist group Boko Haram, sources said on Monday, in a deal that could be worth up to $600 million. A second production line is in Florida, in a partnership between Embraer and privately...

  • ABUJA, April 10- Nigeria's Mosimi oil depot has resumed loading after almost a year, when a major pipeline was vandalised last May, the state oil company said on Monday. The resumption of loading could help the Nigerian National Petroleum Corporation cut losses that stemmed from the damage, as trucks had to drive from Lagos to replace the pipeline, said Maikanti...

  • *Nigeria in first recession in 25 years. *Nigeria authorities concerned about IMF view- IMF. ABUJA, April 5- The International Monetary Fund warned Nigeria its economy needs urgent reform in a report published on Wednesday that highlighted the risks to growth for the recession-hit country and the dangers of a volatile foreign exchange market.

  • *Nigeria in first recession in 25 years. *Nigeria authorities concerned about IMF view- IMF. ABUJA, April 5- The International Monetary Fund warned Nigeria its economy needs urgent reform in a report published on Wednesday that highlighted the risks to growth for the recession-hit country and the dangers of a volatile foreign exchange market.

  • ABUJA, April 5- The International Monetary Fund warned Nigeria its economy needs urgent reform in a report published on Wednesday that highlighted the risks to growth for the recession-hit country and the dangers of a volatile foreign exchange market. The document, a report from IMF staff which Reuters saw an earlier version of last month, outlines a raft of...

  • LONDON, March 31- Legislation paving the way for the eventual listing of shares in the Nigerian Stock Exchange should be passed this year with the government supporting the move, the bourse's chief executive Oscar Onyema said on Friday. Firstly, parliament has to introduce legislation to transform the bourse into a company limited by shares, Onyema said on the...

  • *Benin acts as "warehouse" for protectionist Nigeria. *Re-exports of used cars from Benin to Nigeria slump. COTONOU/SEME, Nigeria, March 30- On the outskirts of Benin's port city of Cotonou, thousands of used cars fill a vast parking lot but the merchants who used to come here from Nigeria to haggle for them are absent as recession bites at home.

  • ABUJA, March 29- A consortium led by General Electric submitted the only bid for a Nigerian railway concession project worth around $2 billion for two lines connecting northern cities to others in the south, a procurement process adviser said on Wednesday. The only bid, led by GE, was in partnership with Transnet of South Africa, Dutch-based APM Terminals and...