*OPEC expected to continue supply cuts into H2 2019. SINGAPORE/ LONDON, May 21- Oil prices rose on Tuesday on escalating U.S.- Iran tensions and amid expectations that OPEC producers will continue to curb supply this year. "Escalating tensions between the U.S. and Iran, in addition to signs that OPEC will continue its production cut, drove oil higher," said Jasper...
SINGAPORE/ LONDON, May 21- Oil prices rose on Tuesday on escalating U.S.- Iran tensions and amid expectations that OPEC producers will continue to curb supply this year. "Escalating tensions between the U.S. and Iran, in addition to signs that OPEC will continue its production cut, drove oil higher," said Jasper Lawler, head of research at futures brokerage London...
ABUJA, May 21- Nigeria's Trans Forcados pipeline remains closed but no force majeure has been declared, a Shell spokeswoman said on Tuesday, after a fire broke out on Sunday.
ABUJA, May 17- MTN Nigeria said on Friday it has signed a 200 billion naira loan with seven local banks, a day after it floated its shares on the Lagos stock market. The seven-year loan deal coordinated by Citibank was signed with a consortium of Access Bank, Guaranty Trust Bank, Zenith Bank, Fidelity Bank, FCMB, United Bank for Africa and First Bank.
The seven-year loan deal coordinated by Citibank was signed with a consortium of Access Bank, Guaranty Trust Bank, Zenith Bank, Fidelity Bank, FCMB, United Bank for Africa and First Bank.
ABUJA, May 17- MTN Nigeria shares rose another 10% to 108.90 naira in pre-market bids on Friday after its debut $6.5 billion stock market listing on the Lagos bourse. Nigeria's biggest telecoms firm, owned by South Africa's MTN Group, listed in Lagos on Thursday in a flotation that made it the second-largest company on the exchange by market value after Dangote...
JERUSALEM, May 16- Facebook said on Thursday it had removed 265 Facebook and Instagram accounts, pages, groups and events linked to Israel due to what it called "inauthentic behaviour" targeting users in Southeast Asia, Latin America and Africa. Facebook said the "inauthentic" activity originated in Israel and focused on Nigeria, Senegal, Togo, Angola, Niger and...
JERUSALEM, May 16- Facebook said on Thursday it had removed 265 Facebook and Instagram accounts, pages, groups and events linked to an Israeli-based firm due to what it called "inauthentic behaviour" targeting users in Southeast Asia, Latin America and Africa. Facebook said the "inauthentic" activity originated in Israel and focused on Nigeria, Senegal, Togo,...
*$2 bln Nigeria tax dispute holds back further share sales. *Nigeria produces a third of S.African parent's profit. LAGOS, May 16- MTN Nigeria, owned by South Africa's MTN Group, listed in Lagos on Thursday in a 2 trillion naira flotation turning the telecoms company into the exchange's second-largest stock by market value.
LAGOS, May 16- South African firm MTN Group's Nigerian unit listed in Lagos on Thursday, in a flotation that made it the bourse's second-largest stock by market capitalisation.
ABUJA, May 16- South Africa's MTN Group sees local ownership of MTN Nigeria at 35% from around 20% after a public offering, its finance chief told investors in Lagos on Thursday, according to two of those investors. MTN Nigeria on Wednesday announced plans to start trading its existing shares in Lagos at 90 naira each on Thursday, in a deal valuing the unit at 1.84...
ABUJA, May 16- Nigeria's Senate approved a second term for Central Bank Governor Godwin Emefiele on Thursday.
ABUJA, May 16- South Africa's MTN Group sees local ownership of MTN Nigeria at 35% from around 20% after a public offering, MTN Group Chief Financial Officer Ralph Mupita told investors in Lagos on Thursday, according to two of those investors. MTN plans to proceed with its public offering following a listing in Africa's biggest economy on Thursday and after it...
BEIJING, May 15- China's crude oil throughput rose in April to match record daily levels, government data showed on Wednesday, buoyed by growing production at private refiners including a mammoth new facility in the country's northeast. Privately owned Hengli Petrochemical Co Ltd started trial runs around five months ago at its 400,000 bpd plant in northeast...
ABUJA, May 15- The Nigerian business of South Africa's MTN Group said it would start trading its existing shares worth about $6 billion in Lagos on Thursday, ahead of its plan for a public offering of new shares to investors in MTN's biggest market. The MTN unit has 52.3 million users in Nigeria and its local unit accounts for a third of the Johannesburg- based firm's...
*OPEC producing 440,000 bpd below level it promised-IEA. LONDON, May 15- The world will require very little extra oil from OPEC this year as booming U.S. output will offset falling exports from Iran and Venezuela, the International Energy Agency said on Wednesday. "There is certainly scope for other producers to step up production," it said, adding that it estimated...
MTN NIGERIA SAYS INTENDS TO SELL SHARES VIA PUBLIC OFFERING IN FUTURE.
MTN NIGERIA SAYS TO PROCEED WITH ITS STOCK MARKET LISTING ON NIGERIA'S BOURSE ON THURSDAY.
ABUJA, May 14- MTN's Nigerian business is aiming to list on the Nigerian Stock Exchange on Thursday, a spokesman for the South African company said. MTN decided to list its local unit in Nigeria in 2016 after agreeing to pay a $1.7 billion fine to settle a SIM card dispute with the government. Last week, Nigeria's securities regulator approved MTN's application to...
LONDON, May 13- Crude oil markets in Europe and West Africa are gaining support from unplanned Russian, Iranian and North Sea supply losses, and analysts say Brent futures have yet to fully reflect this. In the North Sea, Forties crude reached a six-week high on Friday. Despite physical crude supply losses, Brent futures, which are underpinned by Forties and four...
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