Europe Top News and Analysis Nigeria


  • ABUJA, Jan 19- True to his election promises, Nigerian President Muhammadu Buhari has gone all out on corruption, alleging mind-boggling sums plundered from state coffers and giving investigators license to pull in big hitters once thought untouchable. The first test comes on Wednesday with the opening of the trial of former National Security Advisor Sambo...

  • Oil transfer pipes and storage silos at Fujairah port in the UAE.

    The UAE moved to quash talk of an OPEC emergency meeting, after Nigeria's oil minister said on Tuesday that a "couple" of members had requested a gathering.

  • Nigeria says OPEC members requested emergency meeting

    The country's oil minister says a couple of members of the Organization of the Petroleum Exporting Countries asked to meet.

  • ABUJA, Jan 11- Nigeria's central bank is halting dollar sales to non-bank foreign exchange operators and letting commercial banks accept dollar deposits with immediate effect, its governor said on Monday, in an effort to shore up dwindling foreign reserves. Africa's biggest economy, an OPEC member state that depends on oil sales for about 95 percent of its...

  • Olam is expanding its footprint in Africa with the $275 million purchase of BUA Group's wheat milling and pasta making assets.

  • The famous Sri Lankan budget taxi, a three wheeler, drives through traffic in Colombo

    Frontier markets tumbled this year, but don't point the finger at weak currencies or oil, investors said. Instead, blame the index.

  • *Nigeria will wait for court to decide on MTN fine. The ministry spokesman contradicted a source in the Nigerian Communications Commission, who earlier said "appropriate action" would be taken against MTN if it failed to pay the fine by a Dec. 31 deadline for failing to disconnect users with unregistered SIM cards. Nigeria has been trying to halt the widespread use...

  • LAGOS, Dec 14- Shares in Tiger Brands' Nigerian unit jumped 9.6 percent in early Monday trades on the Lagos bourse after the South African food company said it had agreed a deal to sell its majority stake back to Dangote Industries Limited. Tiger Brands has not made money from Dangote Flour Mills since paying nearly $200 million for a 65 percent stake in the firm,...

  • US Embassy in Nigeria issues warning: Reuters

    According to Reuters, the U.S. Embassy in Nigeria says it has information that groups associated with terrorism may be planning attacks against hotels.

  • The Organization of the Petroleum Exporting Countries headquarters in Vienna.

    The Organization of the Petroleum Exporting Countries has decided to keep policy unchanged and wait to see future market fluctuations.

  • Oil workers conduct a drill in a petroleum well in Lagunillas at the east coast of Lake Maracaibo near Maracaibo City in Venezuela.

    Plunging oil prices have left many crude-exporting countries with budgets that simply won't balance.

  • JOHANNESBURG, Dec 3- MTN Group will lobby for further reductions to a fine imposed by Nigeria, a source familiar with the matter said, after authorities in its biggest market cut the penalty by more than a third on Thursday to $3.4 billion. The Nigerian Communications Commission handed Africa's biggest mobile phone company a $5.2 billion penalty in October...

  • *Protest movement demands independent Biafra. ENUGU, Nigeria, Nov 30- Nearly half a century after a civil war in which a million people died, 27- year-old Okoli Ikedi is part of a new protest movement in southeastern Nigeria calling for an independent state of Biafra. It's another challenge for President Muhammadu Buhari, who is grappling with a sharp slowdown in...

  • ABUJA, Nov 19- The governors of Nigeria's 36 states said on Thursday they support the telecom regulator in imposing a $5.2- billion fine on South African telecom group MTN for failing to disconnect unregistered lines. The penalty, imposed on Africa's biggest mobile phone group in its largest market by sales, amounts to more than the past two years of MTN profits...

  • THURSDAY, NOVEMBER 19 BELGRADE- Presentation of the IMF European Department's Fall 2015 Regional Economic Issues Report on Central, Eastern and Southeastern Europe. PRETORIA- The South African Reserve Bank announce interest rate decision- 1300 GMT. FRIDAY, NOVEMBER 20 SEOUL- Bank of Korea Governor Lee Ju-yeol will chair a regular meeting with the heads of...

  • ABUJA/ JOHANNESBURG, Nov 15- South African mobile phone firm MTN Group denied on Sunday that it has asked the Nigerian authorities to be allowed to pay by installments a $5.2 billion fine due on Monday. Earlier a source at the Nigerian Communications Commission had said that MTN had asked to be allowed to stagger the payment. Nigeria has been pushing...

  • ABUJA, Nov 11- Nigeria's President Muhammadu Buhari appointed former investment banker Kemi Adeosun as finance minister on Wednesday as he swore in 36 members of his long-awaited cabinet. Okechukwu Enelamah, who headed Nigeria's biggest private equity firm African Capital Alliance, was named minister for industry, trade and investment.

  • Building on Nigeria's pensions

    Chinelo Anohu-Amazu, director general of the National Pension Commission of Nigeria, discusses the pension reform act in the country.

  • When will Nigeria's economy take off?

    Herbert Wigwe, CEO of Access Bank, says the Nigerian government is introducing changes that will ensure long-term, sustainable grown in the economy.

  • A worker inspect facilities on an upstream oil drilling platform in Nigeria.

    It's too soon to be investing in emerging markets amidst a commodity collapse, says David Spika of Guidestone Capital Management.