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Europe Top News and Analysis Nigeria

  • WARSAW- National Bank of Poland monetary policy meeting. CANBERRA- Reserve Bank of Australia monetary policy meeting. TBILISI- National Bank of Georgia monetary policy committee meeting.

  • KIEV- National Bank of Ukraine monetary policy meeting. WARSAW- National Bank of Poland monetary policy meeting. CANBERRA- Reserve Bank of Australia monetary policy meeting.

  • ABUJA, March 1- Nigeria's upper house of parliament will investigate allegations the state oil company illegally inflated funds it collected from an official subsidy scheme to 5.1 trillion naira between 2006 and 2015, lawmakers said on Wednesday. The Senate's decision to launch an investigation followed an emergency motion raised by Senator Dino Melaye,...

  • Don't think about Nigeria investigation

    Eni CEO Claudio Descalzi discusses growing reserves in countries which may have corporate governance issues.

  • LAGOS/ YENAGOA, Nigeria, Feb 28- Nigeria wants Royal Dutch Shell to reopen a major export pipeline in the Niger Delta but the oil major wants better protection first to avoid having it blown up yet again, officials and industry sources said. Militants fighting for a share of oil revenues have attacked the Trans Forcados Pipeline, the primary line feeding oil to the...

  • ABUJA, Feb 27- OPEC- led oil production cuts have been well supported by all participating countries despite some teething troubles for non- OPEC members, the cartel's secretary-general, Mohammed Barkindo, said on Monday. Barkindo also said OPEC remained optimistic that the "worst was over" for the oil market, almost two months into the group's supply cut deal with...

  • *Investors say Nigeria needs clearer, bold devaluation. *President Buhari is in London on medical leave. LAGOS/ LONDON, Feb 22- Nigeria's latest efforts to tweak its exchange rate policy have baffled investors who say the moves fall short of the currency devaluation they had hoped for and will not lure money back into the economy.

  • ABUJA, Feb 21- Nigeria's central bank took a step nearer to outright devaluation of the naira currency on Tuesday, providing 23 commercial banks with a combined $370.8 million at forward exchange rates up to 15 percent weaker than the official rate. On Tuesday, it said it sold dollars using one- and two-month forward exchange rates to commercial banks whose bids...

  • *Nigeria hit by dollar shortage due to low oil price, FX curbs. ABUJA, Feb 20- Nigeria effectively devalued the naira for private individuals on Monday, paving the way for a possible broader move despite stiff resistance from President Muhammadu Buhari. However, that did not necessarily mean the authorities were yet ready to allow a free-float for the naira...

  • LAGOS, Feb 20- Nigeria's deputy leader is making wide use of powers granted by President Muhammadu Buhari, who is on extended sick leave abroad, as the country seeks to avoid a debilitating power vacuum while it confronts its first recession in 25 years. The Nigerian stock exchange, already hit by recession, has fallen to a nine-month low on the uncertainty over...

  • LAGOS, Feb 17- Nigeria's deputy leader is making wide use of powers granted by President Muhammadu Buhari, who is on extended sick leave abroad, as the country seeks to avoid a debilitating power vacuum while it confronts its first recession in 25 years. The Nigerian stock exchange, already hit by recession, has fallen to a nine-month low on the uncertainty over...

  • Russia weakness does not make or break out company - How Heineken is strengthing its UK business

    Heineken CEO Jean-François van Boxmeer explains why Russia remains a difficult market, and also speaks about his company's business strategy in the U.K.

  • LAGOS, Feb 11- The founder of Nigeria's largest airline Arik Air, placed in receivership earlier this week, accused the government of seizing Arik to meet a political goal of creating a "national carrier" and said he would challenge the move in court. Arik is West Africa's biggest airline by passenger numbers but has been hard hit by Nigeria's currency crisis as its...

  • Qatar's Minister of Energy and the OPEC Conference President, Mohammed Bin Saleh Al-Sada (2nd L) and Secretary General of OPEC, Mohammad Sanusi Barkindo (2nd R) attend a press conference following the 171st Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria on November 30, 2016.

    Saudi Arabia over-delivered, but OPEC cut about 90 percent of the oil supplies it committed to take off the market.

  • LONDON, Feb 7- Emerging markets took a beating on Tuesday as a surge in political risks in Europe and a fall in Chinese reserves below $3 trillion boosted the dollar, with MSCI's equity index snapping a four-day winning streak. "With $3 trillion viewed by some as an important threshold, this decline will likely spark renewed debate over how long the People's Bank...

  • ABUJA, Feb 7- Nigeria is targeting economic growth of at least 7 percent a year by 2020, the Ministry of Budget and National Planning said on Tuesday, a far cry from its current recession, the first in 25 years. Nigeria's economy is heavily dependent on exports of crude oil and is undermined by decades of endemic corruption, It has been hobbled by low global oil prices...

  • LAGOS, Feb 2- German carrier Lufthansa will not fly to the replacement air hub for the Nigerian capital of Abuja while the main airport is closed for repairs from next month, a company spokesman said on Thursday. While it is closed Abuja- bound passengers will have to fly to Kaduna and travel by bus to the capital, guarded by security, on a road where kidnappings have...

  • Late last year, Nigeria, Ghana, Benin, Togo and Ivory Coast unveiled a plan to reduce the amount of poisonous sulfur they would allow in fuel. That has caused uncertainty, particularly in Nigeria and Ghana, which consume more than half of the fuel used in the region. Nigeria is still drafting its own rules.

  • The court orders will last until Nigeria's anti-corruption agency concludes an investigation into how the current owners acquired oil prospecting license 245, according to the papers released on Thursday. The Economic and Financial Crimes Commission, Nigeria's anti-corruption agency, filed the papers to the court in the capital Abuja on Jan. 11.

  • The court orders will last until Nigeria's anti-corruption agency concludes an investigation into how the current owners acquired oil prospecting license 245, according to the papers released on Thursday. The Economic and Financial Crimes Commission, Nigeria's anti-corruption agency, filed the papers to the court in the capital Abuja on Jan. 11.