ABUJA, Nov 21 (Reuters) - Nigeria plans to cut subsidies on petroleum products by half next year after sharp falls in global crude prices, spurred the government to revise its 2015 budget downwards, data from the revised budget seen by Reuters showed on Friday.
LAGOS, Nov 21 (Reuters) - Nigeria 's overnight lending rate fell to 9.75 percent on Friday, from 18 percent at the previous close, after government monthly budget disbursals flowed into the banking...
LAGOS, Nov 21 (Reuters) - Nigeria 's overnight lending rate fell to 9.75 percent on Friday, down 825 basis points from the previous day's close after government monthly budget disbursals flowed into the banking system, dealers said.
NAIROBI, Nov 21 (Reuters) - The yields on Kenyan Treasury bills are expected to remain stable, while those on Nigerian Treasury bonds could mark time ahead of the outcome of the central bank's monetary policy meeting.
MOSCOW, Nov 21 (Reuters) - Russia's second-largest oil company, privately controlled Lukoil, said on Friday it planned to invest in Nigeria with U.S. oil major Chevron Corp , part of its push to seek...
NAIROBI, Nov 20 (Reuters) - Central banks in Kenya and Nigeria are likely to keep supporting the shilling and the naira next week, while Tanzania, Ghana and Zambia's units are seen steady, dealers and analysts said.
LAGOS, Nov 20 (Reuters) - Nigeria 's naira closed at a new low on Thursday, falling 1.25 percent despite intervention by the central bank, which weakened the currency at its official foreign exchange window.
LONDON, Nov 20 (Reuters) - Royal Dutch Shell said on Thursday it had completed the sale of its 30 percent stake in Nigeria 's onshore Oil Mining Lease (OML) 24 in the Eastern Niger Delta to Newcross Exploration and Production for $600 million.
LAGOS, Nov 20 (Reuters) - Nigeria 's main share index fell for the third straight day on Thursday, shedding more than 3 percent in volatile trading as investors sold off relatively liquid consumer and...
RABAT, Nov 19 (Reuters) - Moroccan insurance company Saham Finances has bought 40 percent stake Nigeria 's Unistrust Insurance Co for an undisclosed sum, the Moroccan company said in statement on Wednesday.