LAGOS, Jan 16- The presidential candidate for Nigeria's main opposition party said on Wednesday he was committed to privatizing the state oil company, weeks ahead of the election that will determine who runs Africa's top crude-producing country. Abubakar, a businessman who served as vice president between 1999 and 2007, has portrayed himself as a champion of...
When it comes to minting new millionaires, opportunities abound in some surprising places, according to a new report from research firm Wealth-X.
SAN FRANCISCO, Jan 15- Facebook Inc told Reuters on Tuesday that it would extend some of its political advertising rules and tools for curbing election interference to India, Nigeria, Ukraine and the European Union before significant votes in the next few months. Beginning on Wednesday in Nigeria, only advertisers located in the country will be able to run...
LONDON, Jan 15- Lawyers for Vedanta Resources told England's Supreme Court on Tuesday that a case raised against the mining company by nearly 2,000 Zambian villagers should be heard in Zambia not London. India- listed Vedanta, which delisted from London last year but maintains a legal base in Britain, is appealing a lower court ruling that a case in which...
*Europe to Middle East exports: https://tmsnrt.rs/2RJDaja. In recent days, however, bookings to carry gasoline and blending components out of Europe to the Middle East and Asia have shown strong signs of a recovery. So far, some 158,000 barrels per day, or roughly 587,000 tonnes of gasoline, have been booked out of Europe to the Middle East in January, according to...
ABUJA, Jan 14- A court hearing to consider allegations that the head of Nigeria's judiciary breached asset declaration rules was adjourned on Monday until Jan. 22, weeks ahead of a presidential election in which he could play a crucial role. Chief Justice Walter Onnoghen did not appear at the Code of Conduct Tribunal hearing. Nigeria's judiciary plays a key role...
ABUJA, Jan 12- Nigeria's chief justice will face trial on Monday for allegedly breaching asset-declaration rules, the Code of Conduct Tribunal said on Saturday, a month before a presidential election in Africa's most populous country. Chief Justice Walter Onnoghen is the head of Nigeria's judiciary, which plays a key role in election matters and has helped...
LAGOS, Jan 10- Teleology Holding, a company led by former MTN Group executive Adrian Wood, has pulled out of Nigeria's 9 mobile just weeks after its $301 million takeover of the firm with a group of local investors, two people familiar with the matter said on Thursday. Teleology Holding and Wood were not available for comment. Competition in Nigeria's mobile...
LAGOS, Jan 10- A company led by Adrian Wood, the former chief executive of South African telecoms giant MTN Group's Nigeria business, has pulled out of its 9 mobile venture, two people familiar with the matter said on Thursday. The consortium comprising Wood and the Nigerian investors was picked in February as preferred bidder for Nigeria's 9 mobile- the country's...
THURSDAY, JANUARY 10 BELGRADE- National Bank of Serbia to unveil interest rate decision- 1100 GMT. BUDAPEST- The National Bank of Hungary to hold a non-rate setting meeting- 1300 GMT. GENEVA- Brazilian Central Bank Governor Ilan Goldfajn speaks at Geneva's International Centre for Monetary and Banking Studies on central banking in emerging markets- 1730 GMT.
Only one country, Malaysia, will keep them on hold, while Nigeria, India, China and Turkey are set to cut their rates. Between 2015 and early 2018 developing countries, big and small from Brazil and Russia to Armenia and Zambia slashed interest rates, sending borrowing costs sinking and fund managers' profits soaring. From February last year, though, the resurgent...
WASHINGTON, Jan 8- World Bank Group President Jim Yong Kim will join Global Infrastructure Partners, a private equity fund that invests in projects in wealthy and developing countries, the firm said on Tuesday, a day after Kim's shock resignation from the bank. Kim, who joins New York- based GIP on Feb. 1 as a partner and vice chairman, has accepted a one-year ban from...
Kim told World Bank employees in an email that he was leaving the world's largest lender and donor to poor and middle-income countries on Feb. 1 to join a private-sector firm focused on infrastructure investments in the developing world. Georgieva, a Bulgarian national, had previously held senior European Union posts after serving 15 years at the World Bank,...
Vessel-tracking data compiled by Refinitiv shows three tankers carrying 3.94 million barrels are en route from the United States to China and will arrive in February. In the first nine months of this year, China imported about 328,000 barrels per day from the United States, representing about 3.6 percent of its total crude imports. Using crude oil for politics...
Maxine Ryan is not your typical blockchain buff, but that hasn't stopped the 26-year-old college dropout from turning the complex technology into a multinational payments business.
YENAGOA, Nigeria, Jan 6- A Nigerian militant group said on Sunday it had carried out an as yet unconfirmed warning strike on an oil facility owned by local energy firm Conoil on Friday in the southern state of Bayelsa. Attacks on pipelines and other facilities in the Niger Delta reached a peak in 2016, cutting Nigeria's crude production from as much as 2.2 million...
YENAGOA, Nigeria, Jan 6- A Nigerian militant group on Sunday said it carried out a "warning" strike on an oil facility owned by energy company Conoil in the southern state of Bayelsa on Friday and threatened a production shut down. The Koluama Seven Brothers said in a statement it would carry out further strikes if its demands, including job creation, were not met by...
HOUSTON, Jan 3- OPEC crude cargoes leaving for the United States in December dropped to the lowest level in at least five years, data from Refinitiv Eikon and market intelligence firm Kpler show. Oil cargoes departing from OPEC nations to the United States fell to 1.63 million barrels per day last month, down from 1.80 million bpd in November and 1.78 million bpd in...
*China factory activity falls for 1st time in 19 months- PMI. SINGAPORE, Jan 2- Oil markets slid by around one percent in 2019' s first trading on Wednesday, pulled down by surging output in the United States and Russia and concerns about on an economic slowdown, especially in Asia's main growth region of China. China on Wednesday cut its first batch of crude import...
JOHANNESBURG, Dec 27- Shares in South African telecoms giant MTN jumped 8 percent on Thursday after it settled a row with Nigeria's central bank for a fraction of the $8.1 billion it had threatened to cost. MTN announced on Monday that it would pay just $52.6 million to end the dispute in Nigeria, its biggest and most lucrative market, but also its most troublesome.
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