Europe Top News and Analysis
Nigeria
Investors are searching far and wide for risky assets that will churn out decent returns, N.Y. Times reports.
ABUJA, Oct 17- Nigeria is looking to boost agricultural exports to earn more hard currency, and aims to cut imports of rice and wheat which together cost it almost $4 billion a year, Agriculture Minister Audu Ogbeh told Reuters. Nigeria emerged from recession in the second quarter as oil revenues rose, but growth was sluggish. He said Nigeria needed 12 million...
GUANGZHOU, China, Oct 17- Chinese exporters at the country's biggest trade fair are more optimistic about global demand now than six months ago but Beijing's crackdown on pollution is ramping up costs and product prices, hurting smaller factories and foreign buyers. In a survey of 102 exporters at the Guangzhou- based trade fair, 77 percent of the mostly small- to...
ABUJA, Oct 15- Nigeria's government plans to accelerate its revenue strategy aimed at diversifying Africa's biggest economy away from its reliance on crude oil sales now that it has emerged from recession, the finance minister said on Sunday. Adeosun, whose statement was based on comments she made in Washington following annual meetings with the...
OPEC raises its demand forecast for a third-straight month.
LAGOS, Oct 9- Nigeria's state oil company on Monday said allegations by the oil minister that the conduct of its group managing director lacked transparency were baseless, as a public rift between the firm and the ministry widened. The OPEC member country, Africa's biggest economy, relies on oil for around two-thirds of government revenue.
Nigeria's battered economy is on the mend, but a host of factors raises questions about whether its lucky streak can continue.
Analysts are warning that militants will soon wreak havoc on Nigeria's oil industry, plunging the nation back into a cycle of sabotage.
CNBC's Jackie DeAngelis reports on oil production in the Middle East as Libya and Nigeria take no action to curb production.
*Dangote Cement interested in acquiring all of PPC's shares. JOHANNESBURG, Sept 14- Africa's richest man Aliko Dangote has joined the race to buy South African cement maker PPC, which is already the subject of a takeover bid valuing the company at $700 million. Dangote Cement, which is controlled by Dangote and is the biggest cement maker in Africa with a capacity...
ABUJA, Sept 13- Nigeria is very unlikely to join OPEC's cuts in oil production before March, its oil minister said on Wednesday. The Organization of the Petroleum Exporting Countries and other producers, including Russia, are reducing crude output by about 1.8 million barrels per day until next March in an attempt to support prices by cutting a glut of crude oil on...
*Other states awaiting action from heavyweight Nigeria. LONDON/ LAGOS, Sept 13- Nigeria and several other West African states are not expected to implement rules banning imports of sulphur-heavy fuels until Dec. 1 at the earliest after missing summer deadlines, drawing the ire of health campaigners pushing for cleaner air. Nigeria, Togo, Ivory Coast and Benin...
OPEC's oil output fell in August as several key exporters in the group throttled back production.
NAIROBI, Sept 12- When Turkish Airlines opened a direct daily route to a war-ravaged African failed state plagued by Islamist militants, industry insiders were skeptical. "Somalia is one of our most profitable destinations worldwide," Mustafa Ozkahraman, Kenya country manager for Turkish Airlines, told Reuters in an interview. The Istanbul- based carrier is...
BELGRADE- National Bank of Serbia interest rate decision. FRIDAY, SEPTEMBER 8 SYDNEY- Panel participation by Guy Debelle, deputy governor of the Reserve Bank of Australia, at the 2017 FINSIA Regulators Panel, Sydney 0300 GMT. SYDNEY- Reserve Bank of Australia Governor Philip Lowe will give speech at the Bank of China Sydney Branch's 75th Anniversary Celebration...
TUESDAY, SEPTEMBER 5 BRISBANE, Australia- Remarks by Philip Lowe, governor of the Reserve Bank of Australia, at Reserve Bank Board Dinner. BUDAPEST- Hungarian Central Bank holds non-rate-setting meeting. BRISBANE, Australia- Reserve Bank of Australia monetary policy decision meeting- 0430 GMT.
SYDNEY- Sarah Harris, Reserve Bank of Australia's deputy head of financial market infrastructures, payments policy department, participates at the Risk Australia 2017 Conference 0300 GMT. TUESDAY, SEPTEMBER 5 BRISBANE, Australia- Remarks by Philip Lowe, governor of the Reserve Bank of Australia, at Reserve Bank Board Dinner. BUDAPEST- Hungarian Central Bank...
ABUJA, Aug 30- Nigeria has approved the construction of a $5.8 billion hydroelectric power plant by a Chinese state firm, the power minister said on Wednesday, the latest in a series of Chinese deals since the project was first envisioned decades ago. Nigeria's cabinet signed off on the award of the contract to build Mambilla to the China Civil Engineering...
CHISINAU, Moldova- National Bank of Moldova interest rate decision. SYDNEY- Sarah Harris, Reserve Bank of Australia's deputy head of financial market infrastructures, payments policy department, participates at the Risk Australia 2017 Conference 0300 GMT. SUVA, Fiji- Reserve Bank of Fiji board meeting to announce interest rates.
**BANGKOK- Thailand Deputy Central Bank Governor Mathee Supapongse speaks at a business forum of monetary policy challenges for Thailand 0200 GMT. CHISINAU, Moldova- National Bank of Moldova interest rate decision. SYDNEY- Sarah Harris, Reserve Bank of Australia's deputy head of financial market infrastructures, payments policy department, participates at...
