ABUJA, Oct 16- Oil minister Timipre Sylva said Nigeria knows it cannot recover $62 billion from oil majors despite ongoing cases against the companies for money the government believes it is owed. "I mean, we can't get $62 billion. Nigeria has been fighting for the cash under a 1990 s law that states it can revisit production-sharing contracts on oil output if crude...
ABUJA, Oct 16- Oil minister Timipre Sylva said Nigeria knows it cannot recover $62 billion from oil majors despite ongoing cases against the companies for money the government believes it is owed. "I mean, we can't get $62 billion. We can maybe get something from them but not $62 billion.
*reuters:// realtime/verb= Open/url= cpurl:// apps.cp./ Apps/econ-polls? RIC= ZAGDPQP South Africa poll data. JOHANNESBURG, Oct 14- Sub-Saharan Africa's economy will accelerate going into next year but could be derailed as the world moves onto an uncertain path that could bring an end to the recent synchronised uptrend, a Reuters poll showed on Monday.
LONDON, Oct 11- Gabon has told OPEC it will comply fully with its pledge to cut oil output under a 2019 supply deal between the exporter group and rivals such as Russia, in the latest sign of an OPEC push to improve compliance before its next meeting in December. The nation pumped 199,000 barrels per day in September according to OPEC figures, above its target under...
SANTIAGO, Oct 11- Uber said on Friday it would buy a majority stake in online grocery provider Cornershop as the ride-hailing giant moves to expand its fast-growing delivery service into the grocery store market. Santiago- based Cornershop operates in Mexico, Chile, Canada and Peru, but Chief Executive Oskar Hjertonsson said the deal would allow it to deliver...
SANTIAGO, Oct 11- Uber said on Friday it would buy a majority stake in online grocery provider Cornershop as the ride-hailing giant moves to expand its fast-growing delivery service into the grocery store market. Santiago- based Cornershop operates in Mexico, Chile, Canada and Peru, but Chief Executive Oskar Hjertonsson said the deal would allow it to deliver...
*Lagos boat service pilot test to last two weeks. *Uber partnering with local boat firm and Lagos state government. LAGOS, Oct 11- Global ride-hailing firm Uber Technologies Inc on Friday launched a pilot test of a boat service in Nigeria's commercial capital Lagos to attract commuters seeking to avoid the megacity's notoriously congested roads.
*OPEC signals supply decision for 2020. NEW YORK, Oct 10- Oil prices rose on Thursday, buoyed by comments by the head of OPEC that the organization could take action to balance oil markets and that it will decide in December on supply for next year. A December meeting between OPEC plus allies including Russia would take "decisions that will set us on the path of...
LAGOS, Oct 10- Nigeria is seeking $62 billion from oil companies under regulations that allow the government to revisit revenue-sharing deals on petroleum sales if crude prices exceed $20 a barrel, the attorney general told Reuters on Thursday. Oil prices rose to more than $100 a barrel in 2014 before a sharp drop that triggered a 2016 recession in Nigeria,...
*OPEC signals supply decision for 2020. *High-level U.S.- China trade talks begin Thursday. LONDON, Oct 10- Oil prices rose on Thursday as OPEC indicated that all options were on the table to balance oil markets and that it would take a decision in December on supply for next year.
LAGOS, Oct 10- Nigeria is seeking $62 billion from oil companies under regulations that allow the government to revisit revenue-sharing deals on petroleum sales if crude prices exceed $20 a barrel, the attorney general told Reuters on Thursday. Oil prices rose to more than $100 a barrel in 2014 before a sharp drop that triggered a 2016 recession in Nigeria,...
LAGOS, Oct 10- Nigeria aims to team up with Cameroon to agree a premium for their cocoa with buyers, the vice president of the World Cocoa Producers Organisation told Reuters, after top growers Ivory Coast and Ghana moved to boost prices for their crops. World Cocoa Producers Organisation Vice President Sayina Riman, who doubles as president of the Cocoa...
SEOUL, Oct 10- Oil prices eased on Thursday on the expectations that the resumption of U.S.- China talks will not end the trade war between the world's two largest oil consumers, exacerbating anxiety over the global economy and fuel demand. China, the world's biggest oil importer, has lowered expectations of a deal from the talks on Thursday and Friday to head off...
SEOUL, Oct 10- Oil prices fell on Thursday on concerns of lower fuel demand as talks this week between the United States and China, the world's two largest oil users, are not expected to help end the trade war between them, adding to anxieties about the global economy. China, the world's biggest oil importer, has lowered their expectations for talks on Thursday and...
SEOUL, Oct 10- Oil prices slid on Thursday as hopes faded for any significant progress in U.S.- China trade talks that could dispel clouds over the global economy and gloom over prospects for weaker oil demand. Global benchmark Brent crude futures fell 26 cents, or 0.5%, to $58.05 a barrel by 0133 GMT, while U.S. Chinese government officials told Reuters that China...
*Sale to raise up to $3 billion- sources. LONDON, Oct 9- Exxon Mobil Corp has appointed Bank of America Merrill Lynch to run the sale of its Malaysian oil and gas assets as the U.S. firm accelerates a vast disposal program, banking and industry sources said. Those it has offered or sold include production in Norway, Australia, Nigeria, Azerbaijan and Britain.
*Budget proposal assumes $57 per barrel oil price. ABUJA, Oct 8- Nigerian President Muhammadu Buhari presented a record 10.33 trillion-naira budget for 2020 to lawmakers on Tuesday as he aims to spur growth in Africa's largest economy at the start of his second term in office. The plan for Africa's top oil exporter assumes crude production of 2.18 million...
ABUJA, Oct 8- Nigerian President Muhammadu Buhari presented a record 10.33 trillion-naira budget for 2020 to lawmakers on Tuesday, the first spending plan since his re-election in February. The plan for Africa's top oil exporter assumes crude production of 2.18 million barrels a day and an oil price of $57 per barrel. The spending plan, which includes a...
ABUJA, Oct 8- Nigerian President Muhammadu Buhari presented a record 10.33 trillion naira budget for 2020 to lawmakers on Tuesday, the first spending plan of his second term after he was re-elected in February. The plan for Africa's top oil exporter assumes crude production of 2.18 million barrels a day and an oil price of $57 per barrel. As is customary, the budget...
Oct 4- Facebook Inc has announced it removed hundreds of pages, groups and accounts on its platforms for "coordinated inauthentic behavior" linked to three operations in Indonesia, the United Arab Emirates, Egypt, and Nigeria. The operation in Indonesia involved a network of over 100 fake accounts on Facebook and Instagram posting content in English and...
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