Europe Top News and Analysis Nigeria

More

  • ABUJA, Nigeria-- Nigeria's president proposes a $29.3 billion federal budget in 2013 for the oil-producing nation, predicting a slight increase in the crude produced each month. President Goodluck Jonathan presented his budget Wednesday to a rare sitting of both chambers of the nation's National Assembly.

  • *Jonathan proposes $31.35 bln budget, 5 pct spending rise* Lawmakers want to inflate oil benchmark to $80/ barrel* Deficit falls 2.17 pct in proposal, assumes 6.5 pct growth By Camillus Eboh.

  • *Lawmakers want to inflate oil benchmark to $80/ barrel. ABUJA, Oct 10- Nigeria's President Goodluck Jonathan on Wednesday presented a 4.93 trillion naira budget to parliament for 2013, but lawmakers immediately disputed it, calling for a formula that would put less oil cash in the savings pot.

  • ABUJA, Oct 10- Nigeria's President Goodluck Jonathan on Wednesday presented a 4.93 trillion naira budget to parliament for 2013, increasing spending but shrinking the deficit and cutting the share taken by recurrent expenditure.

  • ABUJA, Oct 10- Nigeria's parliament speaker Aminu Tambuwal said on Wednesday the house had proposed to inflate cabinet's oil price assumption in the 2013 budget to $80 barrel, from $75 a barrel proposed, signalling a likely showdown over the bill.

  • ABUJA, Oct 10- Nigeria's President Goodluck Jonathan presented a 4.93 trillion naira budget to parliament for 2013 on Wednesday, increasing spending but shinking the deficit and cutting the share taken by recurrent expenditure.

  • ABUJA, Oct 10- Nigerian President Goodluck Jonathan presented the country's 2013 budget to parliament on Wednesday, saying the budget deficit would fall to 2.17 percent of gross domestic product in 2013, down from 2.85 percent in 2012.. He urged parliament to accept a tighter budget because of ongoing uncertainty over oil prices.

  • ABUJA, Oct 10- Nigerian President Goodluck Jonathan presented the country's 2013 budget to parliament on Wednesday, saying the budget deficit would fall to 2.17 percent in 2013, down from 2.85 percent in 2012.. He urged parliament to accept a tighter budget because of ongoing uncertainty over oil prices. Oil makes up around 80 percent of Nigeria's revenues.

  • NAIROBI, Oct 10- The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. NIGERIA- President Goodluck Jonathan is expected to deliver the 2013. KENYA- Central Bank of Kenya auctions 182- day Treasury bills.

  • *Lawmakers want to inflate oil benchmark to $80/ barrel. ABUJA, Oct 10- Nigeria's President Goodluck Jonathan on Wednesday presented a 4.92 trillion Nigerian naira budget to parliament for 2013, but lawmakers disputed it, calling for a formula that would put less oil cash in the savings pot.

  • LONDON, Oct 9- West African crude oil differentials were under pressure again on Tuesday, as talk that Unipec resold unwanted Angolan cargoes highlighted the limited demand in China. *Qua Iboe: Seen trading around the $2.10 level, little changed from the day before, but below the $2.10 to $2.50 range seen on Friday.

  • *Piracy common in West Africa's waters. ATHENS, Oct 9- Pirates freed a Greek-operated gasoline tanker on Tuesday that they had hijacked over the weekend in the Gulf of Guinea, the operator of the Bahamas- flagged ship said, adding that the crew were all safe. Pirate attacks are on the rise in the Gulf of Guinea, which is second only to the waters around Somalia for piracy.

  • ABU DHABI, United Arab Emirates-- Microsoft founder and billionaire Bill Gates on Tuesday ruled out running for office, choosing not to join the parade of rich businessmen who have tried their hand at politics.

  • 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.

  • *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.

  • 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.

  • 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.