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Nigeria becomes Africa’s staging ground for the illegal pangolin trade with Asia

* Pangolin trade worth hundreds of millions of dollars a year * In 2018, two-thirds of seizures from Africa came via Nigeria * Pangolins could be extinct in 20 years – pangolin expert * GRAPHIC-Pangolin seizures from Africa: tmsnrt.rs/305DnlC By Paul Carsten ONDO AKOKO, Nigeria, Sept 19 (Reuters) – In a rubble-strewn storage lot in […]

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W. Africa Crude-Hefty overhang is slow to clear

LONDON, Sept 18 (Reuters) – High freight rates and a wide backwardation continued to weigh on the market on Wednesday, making a large overhang slow to clear. * Around 50 cargoes of October-loading west African were still available, with about 35 Nigerian, 10 Angolan and cargoes of Congolese Djeno, Ghanaian TEN and Jubilee. * “For […]

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RPT-Nigeria’s diesel-dependent economy braces for clean-fuel rules

(Repeats SEPT 17 story, no changes to text) * Some 70% of Nigerian firms say they use generators – World Bank * Diesel costs could jump with clean-shipping rules * Cost spike could hit GDP growth – RenCap By Libby George LAGOS, Sept 17 (Reuters) – Nigeria’s frenetic commercial capital, Lagos, is plunged into darkness […]

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UPDATE 1-Nigeria’s central bank moves monetary policy meeting forward to Sept. 19-20

(Adds comment from source, background) LAGOS, Sept 17 (Reuters) – Nigeria’s central bank has rescheduled its monetary policy committee meeting, it said in a statement on Tuesday. The bank moved the meeting forward to Sept. 19 and 20 after having previously been scheduled to take place on Sept. 23-24. The statement gave no reason for […]

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Nigeria’s central bank moves monetary policy committee meeting forward to Sept. 19 and 20

LAGOS, Sept 17 (Reuters) – Nigeria’s central bank has rescheduled its monetary policy committee meeting, it said in a statement on Tuesday. The bank moved the meeting forward to Sept. 19 and 20 after having previously been scheduled to take place on Sept. 23 and 24. The statement did not give a reason for the […]

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W. Africa Crude-Saudi uncertainty, high freight dampen demand

LONDON, Sept 17 (Reuters) – Spot activity was muted on Tuesday as buyers waited for a Saudi news conference on the state of its oil production following the weekend attack before committing to new barrels. * High freight rates and a wide backwardation were also weighing on the market. * Ahead of the official Saudi […]

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Nigeria’s diesel-dependent economy braces for clean-fuel rules

* Some 70% of Nigerian firms say they use generators – World Bank * Diesel costs could jump with clean-shipping rules * Cost spike could hit GDP growth – RenCap By Libby George LAGOS, Sept 17 (Reuters) – Nigeria’s frenetic commercial capital, Lagos, is plunged into darkness several times a day. Then its generators roar, […]

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Afghan capital blast toll rises to 22 dead -interior ministry spokesman

KABUL, Sept 17 (Reuters) – The toll from a Taliban suicide bombing on Tuesday in the Afghan capital Kabul rose to 22 killed and 38 wounded, interior ministry spokesman Nasrat Rahimi said. Previously, officials had said six people died and 14 were wounded. (Reporting by Abdul Qadir Sediqi; Writing by Paul Carsten; Editing by Jon […]

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UPDATE 1-Nigeria’s inflation dips to lowest level in almost four years

(Adds details) ABUJA, Sept 17 (Reuters) – Annual inflation in Nigeria stood at 11.02% in August, its lowest in almost four years, down from 11.08% in July, the National Bureau of Statistics said on Tuesday. Inflation has been falling steadily since May, boosting chances that the central bank could begin to loosen interest rates at […]

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Nigerian annual inflation steady at 11.02% in August -stats office

ABUJA, Sept 17 (Reuters) – Annual inflation in Nigeria stood at 11.02% in August, compared with 11.08% in July, the National Bureau of Statistics said on Tuesday. A separate food price index showed inflation at 13.17% in August, compared with 13.39% in July. (Reporting by Bangalore Newsroom; Editing by Kevin Liffey Writing by Chijioke Ohuocha)

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Nigeria’s NCTL pipeline exporting Bonny Light crude, under force majeure – Aiteo

LAGOS, Sept 17 (Reuters) – Nigeria’s Nembe Creek Trunk Line (NCTL), which exports Bonny Light crude oil, was shut down and placed under force majeure last week, a spokesman for operator Aiteo said on Tuesday. The spokesman did not give a reason for the shutdown. The pipeline is one of two that exports Bonny Light, […]

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UAE minister says international community should stand by Saudi Arabia after attacks

DUBAI, Sept 17 (Reuters) – The attack on Saudi Arabia is a dangerous escalation and the international community should stand by the Gulf country and ensure regional stability, UAE Minister of State for Foreign Affairs Anwar Gargash said in a tweet on Tuesday. Saudi Arabia said the attacks were carried out with Iranian weapons, adding […]

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