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  • Nigeria's Diamond Bank rises 10 pct on results Tuesday, 9 Oct 2012 | 8:55 AM ET

    LAGOS, Oct 9- Nigeria's Diamond Bank rose the maximum 10 percent allowed on the bourse on Tuesday, after posting a pretax profit of 23.2 billion naira for the first nine months of the year, compared with a loss of 6.9 billion naira in the same period a year ago.

  • Vitol, Glencore dominate Russian oil trading Tuesday, 9 Oct 2012 | 8:19 AM ET

    *Breakthrough for Glencore as it gets Rosneft invitation. LONDON, Oct 9- Swiss trading houses Vitol and Glencore have become the largest players in the Russian oil export market, dominating supplies from the world's biggest producer after a switch in Kremlin policy opened up the trade. "Everywhere you saw Gunvor before, Glencore is now written in capital letters.

  • LONDON, Oct 5- Royal Dutch Shell's Nigerian joint venture Shell Petroleum Development Company of Nigeria on Friday declared force majeure on its gas supply after an attempt to steal crude oil from a pipeline led to a fire, the company said in statement.

  • Oct 09- In a new report, Fitch Ratings says that the high credit growth in sub-Saharan Africa rated countries primarily reflects the expansion of the financial sector from a low starting point in a context of rapid economic development. This mitigates financial and macroeconomic risks that are often associated with high credit expansion.

  • African Markets - Factors to watch on Oct 9 Tuesday, 9 Oct 2012 | 1:19 AM ET

    NAIROBI, Oct 9- 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 is due to auction 14- day Treasury bills. *South Africa's local government workers' union said on Monday it would.

  • By Matt Falloon and Guy Faulconbridge. BIRMINGHAM, England, Oct 8- Britain's Conservatives would slash government spending on welfare by 10 billion pounds a year if re-elected, finance minister George Osborne said on Monday, though he offered few ideas on how to bring the economy out of recession.

  • BG sees decades more of oil-linked LNG sales Monday, 8 Oct 2012 | 2:00 PM ET

    LONDON, Oct 8- Liquefied natural gas will continue to be benchmarked to oil prices for several more decades, outgoing BG Group Chief Executive Frank Chapman said on Monday, despite complaints by top Asian importers that supplies are unaffordable.

  • WAfrica Crude-Diffs pressured as buying slack Monday, 8 Oct 2012 | 11:19 AM ET

    LONDON, Oct 8- West African crude oil differentials slipped on Monday as a glut of unsold cargoes for loading in November showed that a range of grades were out of favour. Demand from China was reported to be lower, in part due to refinery outages and the closure of three Sinopec plants due to environmental problems.

  • UK business secretary applauds Nigeria oil bill Monday, 8 Oct 2012 | 9:34 AM ET

    LAGOS, Nigeria-- The United Kingdom's business secretary said Monday that a bill to overhaul Nigeria's oil industry should be focused on what helps the West African nation, rather than what benefits the foreign oil companies working there.

  • ATHENS, Oct 8- The Greek manager of a Bahamas- flagged tanker carrying more than 32,000 metric tonnes of gasoline reported the vessel missing on Monday after it left Abidjan in the Ivory Coast unexpectedly in the early hours of Saturday. The tanker Orfeas, crewed by two Greeks and 22 Filipinos, had been expected to discharge its cargo at Abidjan.

  • Gulf airline Etihad partners with Air France-KLM Monday, 8 Oct 2012 | 2:51 AM ET

    DUBAI, United Arab Emirates-- Rapidly expanding Gulf carrier Etihad Airways has agreed to jointly market some of its flights with Air France-KLM in what could be the beginning of a larger strategic alliance, the airlines said Monday.

  • African Markets - Factors to watch on Oct 8 Monday, 8 Oct 2012 | 1:37 AM ET

    NAIROBI, Oct 8- The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday. *The rules of the game in South Africa's labour market have changed and. wildcat strikers at mining giant Anglo American Platinum.

  • Etihad Airways reports 19 percent jump in Q3 sales Sunday, 7 Oct 2012 | 2:08 AM ET

    DUBAI, United Arab Emirates-- Gulf carrier Etihad Airways said Sunday a jump in passenger numbers flying aboard its fast-growing fleet drove third-quarter sales 19 percent higher to $1.3 billion. Like regional rivals Emirates and Qatar Airways, the airline is rapidly expanding its network, increasing the amount of cash it takes in.

  • LONDON, Oct 6- Shell on Friday declared force majeure on its gas deliveries from Nigeria's liquefied natural gas plant after an attempt to steal crude oil from a pipeline led to a fire, it 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.

  • Nigeria: Sabotaged phone lines worsen crisis Friday, 5 Oct 2012 | 2:37 PM ET

    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.

  • Nigeria LNG declares force majeure as of Oct. 4 Friday, 5 Oct 2012 | 1:14 PM ET

    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.

  • Seized Argentine ship remains in Ghana Friday, 5 Oct 2012 | 1:01 PM ET

    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.

  • WAfrica Crude-Slip on stubborn November overhang Friday, 5 Oct 2012 | 11:06 AM ET

    *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.

  • African Markets - Factors to watch on Oct 5 Friday, 5 Oct 2012 | 1:18 AM ET

    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.