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Europe Top News and Analysis Nigeria

  • 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...

  • A customer prepares to fuel her vehicle at a Road Ranger gas station in Princeton, Ill.

    Gas prices are already rising in the wake of Hurricane Harvey and if the next worst-case scenario emerges, the rise could accelerate, says John Kilduff.

  • ABUJA, Aug 24- Nigeria's oil production, excluding condensates, was slightly below 1.8 million barrels per day in July, the country's oil minister said on Thursday. OPEC has agreed with several non- OPEC producers led by Russia to cut oil output by a combined 1.8 million barrels per day from January 2017 until the end of March 2018. OPEC members Libya and Nigeria were...

  • LAGOS, Aug 23- Nigerian fuel distributor Nipco Plc has bought another 3.23 percent stake in 11 Plc, the fuel retailer formerly known as Mobil Oil Nigeria, for 4.84 billion naira to increase its holding to 70 percent. Nipco's investment subsidiary in October bought 60 percent of Mobil Oil Nigeria from Exxon Mobil Corp., when the U.S. giant pulled out of downstream...

  • Nigerian President Mohammadu Buhari arrives in Abuja on August 19, 2017.

    But, the leader of Africa's largest economy barely referenced Nigeria's financial headaches in his latest speech.

  • 935 Migrant landing in Salerno July on 14,2017.

    In recent years, an influx of refugees, largely from Syria, Afghanistan and Iraq, sparked a furious backlash across Europe, Newsweek reports.

  • ABUJA/ LONDON, Aug 16- Nigeria's production cost per barrel of crude oil is down to $23, the state oil company said on Wednesday, after the country last month said the cost was $29 a barrel, one of the highest levels in the world. The Nigerian National Petroleum Company did not say in its statement how the firm had driven the cost down by $6 in the three weeks since the...

  • AKUKU-TORU, Nigeria, Aug 11- Hundreds of Nigerians stormed a crude oil facility and gas plant owned by Shell in the Niger Delta on Friday demanding jobs and infrastructure development, a Reuters witness said. Echoing a common complaint in the impoverished swampland that produces most of Nigeria's oil, the protesters said they were not benefiting from the...

  • People work at the Halfaya oilfield in Amara, southeast of Baghdad, Iraq.

    OPEC raises its collective output for a fourth-straight month, another sign the cartel is struggling to stick to a deal to cut production.

  • Oil Drills, in California

    Oil prices edged lower, sliding away from nine-week highs, as worries lingered over high production from OPEC and the United States.

  • Russia's Energy Minister Alexander Novak (L) and Saudi Arabia's Energy Minister Khalid al-Falih leave a news conference after a meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, December 10, 2016.

    Oil producers will meet in Abu Dhabi next week to figure out how to improve compliance with a deal to cut output.

  • ABUJA, Aug 3- Nigeria will legalize currently outlawed mini refineries in the Niger Delta oil hub by the end of the year and supply them with crude at a reasonable price, the presidency said on Thursday, fulfilling demands from community leaders. On Monday, Niger Delta leaders threatened to pull out of peace talks with the government unless their demands were met...

  • ABUJA, Aug 3- Nigeria will legalize illegal mini refineries in the Niger Delta oil hub by the end of the year and supply them with crude at a reasonable price, the presidency said on Thursday, fulfilling a demand from community leaders. On Monday, Niger Delta leaders threatened to pull out of peace talks with the government unless their demands were met by Nov. 1.

  • ABUJA, July 28- Nigeria's Senate has withdrawn a report that largely exonerated South African telecoms giant MTN of accusations of illegally repatriating $14 billion and rebuked the Nigerian central bank for regulatory failures. The report, presented to the Senate on Thursday and reviewed by Reuters, was almost immediately sent back for further work...

  • ABUJA, July 28- Nigeria's Senate has withdrawn a report that largely exonerated South African mobile phone giant MTN of accusations of illegally repatriating $14 billion and that rebuked the Nigerian central bank for regulatory failures. The report, presented to the Senate on Thursday and reviewed by Reuters, was almost immediately sent back for further...

  • People use their mobile phones in Abidjan, Ivory Coast, on August 31, 2015.

    A match made in business heaven has snaked its way across the African continent.