NIGERIA

Gaddafi

Gaddafi Supporters Cross into Nigeria with Gold

Loyalists of ousted Libyan leader Muammar Gaddafi crossed into Niger late on Monday in a convoy of vehicles, carrying gold and cash, officials from Libya's interim ruling National Transitional Council (NTC) said on Tuesday.

Nigeria to put 5-10 pct of FX reserves into yuan

Nigeria's central bank governor Lamido Sule Lamido speaks at conference on banking reforms in Nigeria in Lagos
Nigeria's central bank plans to diversify its $33 billion in foreign exchange reserves away from the dollar by switching a tenth of the stockpile into yuan, underlining the momentum behind China's drive to internationalise its currency.
The Valero St. Charles oil refinery

Ghana Tema refinery shuts unit, runs out of crude

Ghana's 45,000 barrel-per-day state-run Tema oil refinery shut its main crude distillation unit on August 28 after running out of feedstock, two sources with knowledge of the plant's operations told Reuters on Monday.
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Oil's Dip.

Brent Crude Holds at $114, Awaiting U.S. Jobs Report

Brent crude hovered at $114 a barrel Friday, on track for its second consecutive weekly gain, as investors eyed U.S. jobs data for clues on whether the world's largest oil consumer will be able to dodge a recession.
A money dealer counts the Nigerian naira on a machine

Nigeria's Access Bank to buy rival Intercontinental

Nigeria's Access Bank said on Thursday it will spend 50 billion naira to acquire a 75 percent stake in rescued rival Intercontinental Bank and combine both firms' operations within 12 months of the merger.
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Messi Arrives in Kolkata to Enthrall Soccer Fans

The football magician Lionel Messi arrived in Kolkata early Wednesday to take part in the FIFA international friendly match against Venezuela, which will be played at the Salt Lake Stadium on Sept. 2.
A victim of a bomb blast ripped through the United Nations offices in the Nigerian capital of Abuja is loaded into an ambulance

Car Bombing Kills 18 at U.N. Base in Nigeria [PHOTOS]

At least 18 people were killed at a U.N. base in Abuja, Nigeria on Friday when a suicide bomber drove a vehicle packed with explosives into the headquarters. U.N. Secretary-General Ban Ki-moon has since condemned the morning attack and said top officials will be dispatched to the Nigerian capital to respond to the emergency.
Oil's Dip.

China's demand for W. African crude jumps -trade

China's buying of West African crude oil is set to rise about 15 percent in September from August, trade sources said on Friday, but overall Asian imports from West Africa will fall due to slower Indian demand.
NigeriaSat-2

Nigeria Successfully Launches 2 Satellites Into Space

The SSTL's NigeriaSat-2 and NigeriaSat-X satellites, which were built under contract with the Nigerian National Space Research and Development Agency (NASRDA), will give Nigeria the ability to perform monthly crop monitoring, help with increasing urban planning demands through the development of engineering skill, and advance the growth of new technologies in the African country.
A South African child holds a 50 rand note in a file photo.

S.Africa c.bank to retain reserves composition

South Africa's Reserve Bank sees no reason at this stage to make any significant changes in the make up of its foreign currency reserves, the Bank said on Monday, after Nigeria and Mauritius announced plans to diversify their own holdings.

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