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  1. Nigeria to cut petrol subsidy by half in 2015 as oil price falls

    Headlines

    Fri, 21 Nov 2014

    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.

  2. UPDATE 1- Nigeria's overnight lending rate halves to 9.75 percent

    Headlines

    Fri, 21 Nov 2014

    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...

  3. Nigerian overnight lending rate falls 825 bps from previous day

    Headlines

    Fri, 21 Nov 2014

    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.

  4. RPT-WEEKAHEAD-AFRICA-DEBT-Kenyan yields seen holding steady, Nigeria eyes policy

    Headlines

    Fri, 21 Nov 2014

    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.

  5. UPDATE 1-Russia's Lukoil to invest in Nigerian project with Chevron

    Headlines

    Fri, 21 Nov 2014

    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...

  6. WEEKAHEAD-AFRICA-FX-Kenyan, Nigerian currencies set for more support

    Headlines

    Thu, 20 Nov 2014

    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.

  7. UPDATE 1- Nigerian naira at new low after cbank weakens currency at official window

    Headlines

    Thu, 20 Nov 2014

    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.

  8. Shell completes sale of Nigeria oil field stake for $600 million

    Headlines

    Thu, 20 Nov 2014

    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.

  9. Nigeria's stock index falls for the third straight day, down 3.2 pct

    Headlines

    Thu, 20 Nov 2014

    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...

  10. Morocco's Saham Finances buys 40 pct of Nigerian insurer Unitrust

    Headlines

    Wed, 19 Nov 2014

    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.

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