LAGOS, Sept 4 (Reuters) – Nigerian police plan to boost security at embassies and foreign businesses in the country in the wake of violence targeted at South African-owned companies, the police said on Wednesday. Violence erupted in Nigeria against South African companies in retaliation for attacks on Nigerians and other Africans in South Africa aimed […]
Read More * S. Africa has seen anti-foreign riots in recent days * Riots sparked reprisal attacks on S. African business in Nigeria * Nigeria’s president sent special envoy to S. African leader (Adds details of Nigeria violence) By Chijioke Ohuocha and Nqobile Dludla ABUJA/JOHANNESBURG, Sept 4 (Reuters) – South African companies MTN and Shoprite closed stores […]
Read More LONDON, Sept 4 (Reuters) – Spot buyers held back on Wednesday as they waited for sellers to lower their cargo offer levels to compensate for weakening refinery margins. * About 15 cargoes of Angolan oil remain available for export in October. * State oil company Sonangol lowered its offer level for its remaining cargo of […]
Read More ABUJA, Sept 4 (Reuters) – Nigeria’s Vice President Yemi Osinbajo will boycott the World Economic Forum’s Africa summit in South Africa over riots in the host country that have targeted foreign-owned businesses, Nigeria’s foreign minister said on Wednesday. “Clearly with this climate, he and Mr. President have agreed that he should not go,” Foreign Minister […]
Read More LAGOS, Sept 4 (Reuters) – The trading arm of Nigeria’s state oil firm is leaving London to set up in Dubai to be closer to the Asian market which is fast becoming the main buyer of the west African country’s crude, four oil industry sources said. The move by Duke also has tax advantages over […]
Read More * S. Africa has seen anti-foreign riots in recent days * Riots sparked reprisal attacks on S. African business in Nigeria * Nigeria’s president sent special envoy to S. African leader (Adds Shoprite closures) ABUJA, Sept 4 (Reuters) – South African companies MTN and Shoprite closed stores in Nigeria on Wednesday after attacks on their […]
Read More JOHANNESBURG, Sept 4 (Reuters) – South African grocer Shoprite Holdings said on Wednesday several stores in its home market, Nigeria and Zambia were closed and extensive damage had been done to several supermarkets over the past 24 hours. The shops were attacked after days of riots in South Africa chiefly targeting foreign-owned, including Nigerian, businesses. […]
Read More ABUJA, Sept 4 (Reuters) – The Nigerian division of South African telecom operator MTN said on Wednesday it will close all stores and service centres in the country until further notice after its facilities in three cities were attacked. The facilities were attacked after days of riots in South Africa chiefly targeting foreign-owned, including Nigerian, […]
Read More (Adds details) ABUJA, Sept 4 (Reuters) – The Nigerian division of South African telecom operator MTN said on Wednesday it will shut all stores and service centres in the country until further notice after its facilities in three cities were attacked. The facilities were attacked in retaliation after days of riots in South Africa chiefly […]
Read More LONDON, Sept 3 (Reuters) – Price offers for Angolan oil have eased, traders say, as demand for its heavy and sweet crude grades remains robust in Asia but competition from Mideast and Australian oil has strengthened. * About 15 cargoes of Angolan oil remain available for export in October. * State oil company Sonangol was […]
Read More JOHANNESBURG, Sept 3 (Reuters) – South African police arrested more than 80 people and confirmed five deaths as riots in Johannesburg and the capital Pretoria intensified on Tuesday, spreading to surrounding townships with roving groups attacking mainly foreign-owned shops. The streets of Alexandra township, at walking distance from the skyscrapers of Johannesburg’s financial centre Sandton, […]
Read More * Economy held back by sluggish non-oil sector * Central bank has forecast 3% growth for 2019 (Adds analysts, detail) ABUJA, Sept 3 (Reuters) – Nigeria’s economic growth slowed to an annual rate of 1.94% in the three months to the end of June, the second quarter in a row of decline as the country […]
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