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Europe Top News and Analysis Nigeria

  • OSLO, Jan 22- Many companies are looking past quarterly results to discover long-term economic opportunities in U.N. goals to end poverty and protect the planet, the head of an international business commission has said. Mark Malloch-Brown's Business and Sustainable Development Commission has contacted 1,500 CEOs over two years to persuade them that...

  • **ABUJA- Central Bank of Nigeria holds monetary policy meeting. TBILISI- National Bank of Georgia holds its monetary policy committee meeting. KIEV- National Bank of Ukraine holds monetary policy meeting.

  • LONDON/ ABUJA, Jan 18- Nigeria has moved closer to turning an oil industry bill into law after a 17 year struggle to complete the legislation which aims to increase transparency and stimulate growth in the country's oil industry. Nigeria' lower house of parliament has passed a version of the bill which is the same as one approved by the Senate last year.

  • LONDON/ ABUJA, Jan 18- Nigeria moved closer to turning the first part of a long-awaited oil industry bill into law after the lower house passed the same version of the legislation approved by the Senate last year, a lawmaker in the House of Representatives said on Thursday. The House of Representatives passed the first part called the Petroleum Industry...

  • *2016 attacks helped push Nigeria into recession. YENAGOA/ LAGOS, Nigeria, Jan 17- Nigerian militants threatened on Wednesday to attack off-shore oil facilities within days, raising fears of a repeat of a 2016 wave of violence that helped push Africa's biggest economy into recession. Akpo stakeholders include Total, China's CNOOC, Brazil's Petrobras and...

  • *Attacks in 2016 helped push Nigeria into recession. YENAGOA/ LAGOS, Nigeria, Jan 17- Nigerian militants threatened on Wednesday to attack off-shore oil facilities within days, raising fears of a repeat of a 2016 wave of violence that helped push Africa's biggest economy into recession. Akpo stakeholders include Total, China's CNOOC, Brazil's Petrobras and...

  • *Attacks in 2016 helped push Nigeria into recession. YENAGOA/ LAGOS, Nigeria, Jan 17- Nigerian militants threatened on Wednesday to attack off-shore oil facilities within days, raising fears of a repeat of a 2016 wave of violence that helped push Africa's biggest economy into recession. Akpo stakeholders include Total, China's CNOOC, Brazil's Petrobras and...

  • ABUJA, Jan 16- Nigeria expects the rate of inflation to fall faster this year compared with 2017, banking on the economy and currency to stabilize, but activities leading up to presidential elections next year could stoke prices. Yemi Kale, head of the National Bureau of Statistics told Reuters the country met its inflation target last year as projected in a...

  • LAGOS, Jan 8- Nigeria has fully restored the supply of gas on a pipeline affected by a fire last week, a spokesman for the state oil company said on Monday. Gas supply to several power stations was cut off because of the fire on the Escravos-Lagos Pipeline System near Okada in the southern state of Edo on Wednesday last week. The Nigerian National Petroleum...

  • ABUJA, Jan 3- Nigeria has agreed a $550- million deal to buy two Chinese communications satellites and hopes to sign the contract before the end of the month, the communication minister said on Wednesday. Adebayo Shittu said China Exim Bank and the manufacturer, China Great Wall, have agreed to pay for the new satellites after Nigeria renegotiated an earlier deal...

  • *Power blackouts common across Nigeria. ABUJA, Jan 3- Nigeria's electricity grid has been shut down by a fire on a gas pipeline, the ministry of power said on Wednesday, as the country's power infrastructure continues to struggle. Nigeria's state oil firm, which owns and operates the gas pipelines, said it was working to restore gas supply on the affected pipelines,...

  • A worker on a an oil drill near New Town, North Dakota.

    Geopolitical risks from the Middle East to Venezuela could sustain the oil price rally.

  • Cyril Ramaphosa, newly elected president of South Africa's African National Congress, is pictured at the party's National Conference on December 19, 2017, in Johannesburg.

    CNBC signposts what to look out for on the continent next year.

  • *AFC says problem of stranded resources prevalent in Africa. LONDON, Dec 21- With some mining companies increasingly reluctant to own outright the infrastructure that keeps their projects going, an African development institution is linking up with investment funds to help fill the gap. The Nigerian-based Africa Finance Corporation has already expanded...

  • Islamic Bank of Britain was launched in London, England in 2004. The bank has since been renamed to Al Rayan bank.

    More governments and companies see Islamic finance as a stable funding alternative to the conventional banking system, experts said.

  • LAGOS, Dec 18- A major Nigerian oil union suspended a nationwide strike on Monday, the same day it began, after a dispute resolution ended with a domestic oil and gas company recalling laid off staff, the union's president said. "Management agreed to unconditionally recall the sacked staff and take steps to allow their employees to be members of the union," Francis...

  • LAGOS, Dec 18- A major Nigerian oil union said on Monday it would suspend a nationwide strike after securing worker demands through dispute resolution with the government and an oil firm. The Petroleum and Natural Gas Senior Staff Association of Nigeria, whose members are mostly managers in the upstream oil industry, began industrial action on Monday over...

  • LAGOS, Dec 18- A major Nigerian oil union said on Monday it would suspend a nationwide strike on Monday after securing worker demands through dispute resolution with the government and an oil firm. The Petroleum and Natural Gas Senior Staff Association of Nigeria, whose members are mostly managers in the upstream oil industry, began industrial action on Monday...

  • *Lengthy fuel queues across Nigeria. LAGOS, Dec 18- One of Nigeria's largest oil unions launched an indefinite nationwide strike on Monday over the laying off of its workers as the government began a new round of talks aimed at ending the industrial action, its general secretary said. Nigeria is Africa's largest crude exporter and oil sales make up two-thirds of...

  • Sign Nigeria is dropping narrative Boko Haram "defeated". *Nigeria accused of spending too little on humanitarian aid. The release of such a large sum could raise concerns over corruption, endemic in Nigeria.