NIGERIA

Nigeria cbank takes new steps to stabilise naira

Nigeria's central bank said on Friday it will sell U.S. dollars both directly into the market and at auctions, while it lifted the amount of dollars banks' can hold in reserve, in a continued effort to stabilise the naira currency.

Nigerian interbank rates rise on low cash

A money dealer counts the Nigerian naira on a machine in his office in the commercial capital of Lagos
The Nigerian interbank lending rates climbed on Friday to an average of 14.50 percent from 13.50 percent last week as system liquidity thins out with outflows to bonds and foreign exchange purchases by lenders.
Angola's President Jose Eduardo dos Santos talks to journalists after a signature agreement ceremony held at Sao Bento Palace in Lisbon, Portugal

Angola sees 2011 GDP growth lower than expected

President Jose Eduardo Dos Santos cut Angola's growth forecast for 2011 to 3.7 percent on Tuesday due mainly to lower crude production but the economy should bounce back with a 12 percent expansion next year.
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A money dealer counts the Nigerian naira on a machine in his office in the commercial capital of Lagos

Nigeria naira firms as cbank feeds dlr demand

The Nigeria naira firmed sharply against the greenback on Wednesday after the central bank pumped dollars into the market and cleared all forex demand at its bi-weekly auction, signalling its determination to support the local currency.
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WHO Outlines Action Plan for Mental Health

The World Health Organization (WHO) has pegged a per capita investment of US $3 to $ 4 for managing mental health as part of its initiative on World Mental Health day. 2011 commemorates the 20th year of World Mental Health day and this year’s campaign focuses on, Investing in mental health”, noting that financial and human resources allocated for mental health are inadequate especially in low resource countries.
Peace Prize

Nobel Peace Prize 2011: The Award's Aftermath

The 2011 Nobel Peace Prize winners were announced on Friday, and for the first time, three women split the prize. But, after a weekend of celebration, peace still isn't ubiquitous in either Liberia or Yemen, the homes of the laureates.
Peace Prize

Nobel Peace Prize 2011 Winners: 5 Things to Know

The 2011 Nobel Peace Prize was awarded to three women on Friday for their collective nonviolent struggle for the safety of women and for women's rights to full participation in peace-building work.
Nigeria

Nigeria: At Least 25 Killed in Weekend Attacks

Nigeria experienced an explosion of violence over the weekend, with a number of militant attacks occurring all over the country. On Sunday, 23 people were killed when around 70 attackers stormed the village of Ligyado in Zamfara State armed with AK47 rifles, daggers, machetes and sticks.
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Nigeria's rescued banks recapitalise

Nigeria's Union Bank on Friday became the last lender rescued in a $4 billion 2009 bailout to get recapitalisation approval, bringing to a close a reform programme set-up two years ago to end the country's banking crisis.
The first Boeing 787 Dreamliner

Boeing 787 Dreamliner: Understanding the Hype

Boeing finally delivered the first 787 Dreamliner to All Nippon Airways Sunday after years of delays; the plane will offer greater passenger comfort and huge fuel savings for airlines.
Jacob Zuma

African Union finally recognises Libya's NTC

The African Union (AU) recognised the National Transitional Council (NTC) as Libya's de facto government on Tuesday, removing another piece of diplomatic support for ousted leader Muammar Gaddafi.
U.S. Gas Prices

Gas Prices: Finally, Some Relief at the Pump for U.S. Motorists

Finally, there's some good news for U.S. motorists. Gas prices, down about 10 cents per gallon in the past month to an average of $3.60 per gallon for regular unleaded, are likely to continue to decline, assuming no oil disruptions from major oil producers or a large storm in the Gulf of Mexico.

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