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  • Royal Dutch Shell PLC long argued that the case, which was launched in 2008, should be heard in Nigeria and still maintains the Dutch court should not have jurisdiction. Four villagers and environmental group Friends of the Earth say Shell pipeline leaks fouled fish ponds, farmland and forests in three villages in the Niger Delta, Goi, Oruma and Ikot Ada Udo.

  • NAIROBI, Oct 11- The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday. KENYA- Central Bank of Kenya to auction 91- day Treasury bills. MAURITIUS- Bank of Mauritius to auction 182- day Treasury bills worth a.

  • AMSTERDAM, Oct 11- Oil major Royal Dutch Shell Plc will defend its environmental record in the Niger Delta on Thursday as it faces a lawsuit that may set a precedent for damage claims related to the activities of international companies. Plaintiffs are four Nigerians and campaigning group Friends of the Earth.

  • GENEVA, Oct 10- West African crude oil differentials paused on Wednesday after a sell-off earlier in the week as traders waited for the results of outstanding Asian tenders. But they said sales could improve in the next few session if India's Mangalore Refinery and Petrochemical Ltd.

  • STOCKS NEWS Reuters Results diary Stocks on the move Real-time Equity News 1810 GMT 10 Oct12- Fan Milk rises on earnings expectations---------------------------------------------------------------------. Fan Milk advances 0.05 cedis to 3 cedis on 17,300 shares traded, leading the GSE Composite index up 1.57 points, or 0.15 percent, to 1,044.12 points.

  • LAOGS, Oct 10- Nigeria's share index climbed to a 20- month high to the cross 27,000 point threshold on Thursday, driven higher by gains in banking and commodities stocks. Shares in Diamond Bank rose 9.83 percent to 4.47 naira per share, their second day in a row of rising almost the maximum 10 percent allowed, boosted by strong earnings.

  • 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.