Reuters: Nigeria News

WAfrica Crude-Nigerian trades after weakening

Tue, 10 Nov 2009 18:50:55 +0000

LONDON, Nov 10 (Reuters) - West African crude oil differentials were steady on Tuesday as traders picked up some of the remaining Nigerian cargoes, while Angolan December barrels were almost cleared.

Brazil's Petrobras eyes Angola's deep water oil

Tue, 10 Nov 2009 18:42:59 +0000

LUANDA, Nov 10 (Reuters) - Brazilian state-owned Petrobras is interested in developing Angola's ultra-deepwater oil exploration, known as pre-salt, Brazil's Trade and Development Minister Miguel Jorge said on Tuesday.

Nigeria's anti-graft police arrest bank employee

Tue, 10 Nov 2009 16:48:28 +0000

ABUJA, Nov 10 (Reuters) - Nigeria's anti-corruption police arrested an employee at First City Monument Bank (FCMB) for stealing 12.5 million naira ($83,333) to pay for his wedding, an agency spokesman said on Tuesday. Olajide Ogundipe, who worked at FCMB's Lokoja branch in central Kogi state since September 2008, confessed to stealing large amounts of cash each time he loaded ATM machines with money, the agency said.

Nigeria's PZ Cussons Q1 pretax profit up 9.6 pct

Tue, 10 Nov 2009 15:22:33 +0000

LAGOS, Nov 10 (Reuters) - Nigerian household products maker PZ Cussons' pre-tax profit jumped 9.6 percent to 850 million naira ($5.66 million) in its first quarter to the end of August, the company said on Tuesday.

RPT-Over 20 mln people need food aid in east Africa-UN

Tue, 10 Nov 2009 14:38:59 +0000

* War compounds food emergencies in Somalia, Sudan, Congo

Nigeria's Dangote Flour nine-month profit triples

Tue, 10 Nov 2009 13:23:34 +0000

LAGOS, Nov 10 (Reuters) - Nigeria's Dangote Flour Mills more than tripled its pretax profit to 8.46 billion naira ($56.4 million) in the nine months to Sept. 30.

Nestle Nigeria's 9-month pretax profit up 24 pct

Tue, 10 Nov 2009 13:05:26 +0000

LAGOS, Nov 10 (Reuters) - Nigerian food and beverages group Nestle recorded a 24 percent rise in pretax profit to 10.0 billion naira ($67 million) in the nine months to Sept. 30, the company said on Tuesday.

Nigeria naira dips vs dlr on forex supply shortage

Tue, 10 Nov 2009 11:32:31 +0000

LAGOS, Nov 10 (Reuters) - Nigeria's naira currency <NGN=D1> eased further at the central bank auction and interbank on strong demand for the dollar and the regulator's unwillingness to raise forex supply, traders said on Tuesday.

UPDATE 2-Afren raises 104.9 mln stg via placing; sees H2 profit

Tue, 10 Nov 2009 16:25:19 +0000

* Says to use part of proceeds for acquisitions in Nigeria

UN envoy to scale back peace mission in E. Congo

Mon, 09 Nov 2009 20:51:29 +0000

* Obasanjo says Congo situation "dramatically transformed"