* “Capharnaum” plays well at Cannes Film Festival * Lebanese director Nadine Labaki chose novice cast * Actors’ real lives as hard as those portrayed in film By Robin Pomeroy and Hanna Rantala CANNES, France, May 18 (Reuters) – The actors in a film tipped for prizes at Cannes were not only amateurs plucked from […]
Read More * Brent rose above $80/barrel on Thursday * Saudi Arabia makes assurances on supplies * BP sees oil prices falling to $50-$65/barrel -Dudley * U.S. oil rig count unchanged this week -Baker Hughes (Updates market figures, adds analyst comment) By Stephanie Kelly NEW YORK, May 18 (Reuters) – Oil prices fell on Friday, but Brent […]
Read More ABUJA, May 18 (Reuters) – Nigeria’s central bank said on Friday it had injected $293 million into the interbank foreign exchange market, extending efforts to boost liquidity and alleviate dollar shortages. The bank said in a statement it had sold the funds to agricultural firms, airlines, petroleum imports and to companies importing raw materials and […]
Read More LONDON, May 17 (Reuters) – Shipments of Nigeria’s Bonny Light crude, one of the country’s major sources of oil revenue, are experiencing delays in loading, although the reason was not immediately clear, several trading sources said on Thursday. Several traders said cargoes of oil from the Bonny Light stream, for which exports are expected to […]
Read More LONDON, May 17 (Thomson Reuters Foundation) – Britain’s anti-slavery chief Kevin Hyland is preparing to step down after almost four years in the role, which saw the country enact a landmark law and spearhead the global drive to adopt and meet a United Nations goal of ending modern slavery by 2030. Hyland, appointed independent commissioner […]
Read More LONDON, May 17 (Thomson Reuters Foundation) – As more than 20 people have been killed by a new outbreak of the Ebola virus in the Democratic Republic of Congo, the deadly fever has entered a “new phase”, its health minister said. The U.N. World Health Organization (WHO) will hold an emergency meeting on Friday to […]
Read More ACCRA, May 17 (Reuters) – The Ghanaian Cedi and Zambian kwacha are forecast to extend losses against the dollar in the next week to Thursday, while Nigeria and other currencies are expected to hold steady, traders said. GHANA Ghana’s cedi could lose further ground against the dollar next week pending the drawdown of proceeds of […]
Read More May 17 (Reuters) – Fitch Ratings: * FITCH AFFIRMS NIGERIA AT ‘B+’; OUTLOOK NEGATIVE * FITCH SAYS NIGERIA’S GENERAL ELECTION SCHEDULED FOR FEBRUARY 2019 COULD FURTHER WEAKEN PROGRESS ON REFORM AGENDA & AGGRAVATE ONGOING SECURITY CHALLENGES Source text for Eikon:
Read More LONDON, May 17 (Reuters) – Shipments of Nigerian Bonny Light crude were suspended on Thursday, after an outage prompted operator Shell to declare force majeure, but traders said a surplus of unsold cargoes was so large that differentials struggled to hold steady. * Royal Dutch Shell’s Nigerian subsidiary said on Thursday it had declared force […]
Read More DAKAR, May 17 (Thomson Reuters Foundation) – A West African court is to examine a ban on pregnant girls going to school in Sierra Leone in a landmark case that campaigners say could strengthen girls’ rights across the region. Sierra Leone introduced the ban in 2015 after a rise in rape, abuse and poverty during […]
Read More ABIDJAN, May 17 (Reuters) – The African Development Bank has approved a $100 million loan for Nigeria’s Indorama Eleme Fertilizer & Chemicals aimed at helping it boost fertilizer production, the bank said in a statement on Thursday. The company, a unit of Singapore-based petrochemical producer Indorama, is seeking to double annual output of urea fertiliser […]
Read More (Adds details) ABIDJAN, May 17 (Reuters) – The African Development Bank has approved a $100 million loan for Nigeria’s Indorama Eleme Fertilizer & Chemicals aimed at helping it boost fertilizer production, the bank said in a statement on Thursday. The company, a unit of Singapore-based petrochemical producer Indorama, is seeking to double annual output of […]
Read More
