NIGERIA

Boko Haram Claim Responsibility for Christmas Day Bombings

39 Dead in Nigeria Christmas Day Bomb Attacks, Boko Haram Claims Responsibility

At least 39 people are reported dead in Nigeria after a series of church bombings during holiday services and one suicide bomber attack by Muslim extremists left a horrifying mark on Christmas Day. As world leaders condemn the attacks, Nigerians ask why President Jonathon failed to prevent them, with some youths rioting and setting up burning barricades in the street.

Shell's Nigeria Spill Could Be Worst In Decade for the Country

Oil Theft and Refining in Nigeria
Nigerian officials said they expect oil leaked from a Royal Dutch Shell offshore well to reach the country's shores Thursday. Shell officials suspect half of the estimated 40,000 barrels of oil leaked in the Atlantic this week have already naturally dissipated or evaporated.
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Nigerian Stock Exchange

Nigerian Stock Market to List its First Gold ETF

Nigeria's bourse is to list its first exchange traded fund (ETF) on Monday, a South African gold-backed fund that will broaden the exchange's range of products beyond equities and bonds, the stock exchange said on Friday.
Gay Pride South Africa

Nigeria Seeks to Criminalize Homosexuality

Same-sex marriages and homosexual activities were officially banned by the senate in Nigeria on Tuesday, placing criminal penalties of up to 14 years in prison on same-sex relationships.
Burnt vehicles are seen at the ECWA church compound in New Jerusalem

Nigeria Security Says Politicians Sponsor Islamists

Nigerian politicians are funding members of a radical Islamist sect responsible for dozens of shootings and bombings this year in the north and capital of Africa's most populous nation, the state security service (SSS) said on Monday.
Businessmen chat in front of a Standard Bank logo in Sandton outside Johannesburg

Standard Bank targets Africa's SME sector

Standard Bank Group is now financing small and medium-sized (SME) enterprises, tapping into a lucrative segment that was previously ignored by mainstream lenders but is increasingly on the agenda for most African governments.
British Airways

Nigeria fines BA, Virgin Atlantic total $235 mln

Nigeria said on Thursday it was fining airlines British Airways and Virgin Atlantic a total of $235 million, as an ongoing row between Britain and Africa's most populous nation over landing slots and ticket prices escalates.
Truworths

Mr Price H1 profit up, to enter Nigeria

South Africa's third-biggest listed clothes retailer, Mr Price, reported a 22 percent rise in first-half profit as above-inflation wage increases and decades-low interest rates lift consumer spending in Africa's biggest economy.
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Nigeria GDP rebasing may see big upward

Nigeria plans to change the base year for its gross domestic product (GDP) to 2008 from 1990, a move that could lead to a huge jump in the estimated size of Africa's second biggest economy, the national statistics chief said on Thursday.
Smoke and flames billow from a burning oil pipeline in Nigeria

Fire Out on Shell Nigeria Pipeline, Output Curbed

Fire broke out on Wednesday on the Okordia/Rumuekpe oil pipeline in Nigeria and some production has been shut down, but the blaze has since been put out, a spokesman for operator Royal Dutch Shell said.

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