NIGERIA

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Nigeria dismisses US embassy's hotel bomb warning

Nigeria's national security adviser on Monday dismissed a warning from the United States of an Islamist bomb threat to luxury hotels in the capital as not news, and said it was spreading unnecessary panic.
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Nigeria

Nigeria cbank to review naira, likely 155-156/dlr target

Nigeria's Central Bank Governor Lamido Sanusi said on Monday the bank would review its target band for the naira in the next few days, and depending on where the exchange rate settles may move its midpoint to 155/156 to the dollar, compared to its current 150.
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Nigeria arrests 46 oil thieves, seizes ship

Nigeria's military said on Monday they had detained a small oil tanker and arrested 46 people trying to ship illegally refined oil products, pursuing a fight against an underground industry worth hundred of millions of dollars a year.

Nigeria cbank takes new steps to stabilise naira

Nigeria's central bank said on Friday it will sell U.S. dollars both directly into the market and at auctions, while it lifted the amount of dollars banks' can hold in reserve, in a continued effort to stabilise the naira currency.
A money dealer counts the Nigerian naira on a machine in his office in the commercial capital of Lagos

Nigerian interbank rates rise on low cash

The Nigerian interbank lending rates climbed on Friday to an average of 14.50 percent from 13.50 percent last week as system liquidity thins out with outflows to bonds and foreign exchange purchases by lenders.
Angola's President Jose Eduardo dos Santos talks to journalists after a signature agreement ceremony held at Sao Bento Palace in Lisbon, Portugal

Angola sees 2011 GDP growth lower than expected

President Jose Eduardo Dos Santos cut Angola's growth forecast for 2011 to 3.7 percent on Tuesday due mainly to lower crude production but the economy should bounce back with a 12 percent expansion next year.
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Nigeria new car imports up 40 pct ytd: dealers

Nigeria's new car imports jumped 40 percent in the first nine months of 2011 compared to the same period last year, although sales were expected to slow given rising interest rates and local currency weaknesses, import dealers said on Monday.
Shell

US court to hear Shell Nigeria human rights case

The Supreme Court said on Monday it would decide whether companies can be liable in this country for international human rights law violations, a case involving allegations that Royal Dutch Shell Plc helped Nigeria violently suppress oil exploration protests in the 1990s.
Nigeria's President Goodluck Jonathan waves during a military parade marking Nigeria's 50th independence anniversary in Abuja

Nigerian unions warns president over fuel subsidy

Nigeria's trade unions have warned President Goodluck Jonathan there could be civil unrest if the go-ahead is given to remove the fuel subsidy the government says will cost 1.2 trillion naira this year.
A money dealer counts the Nigerian naira on a machine in his office in the commercial capital of Lagos

Nigeria naira firms as cbank feeds dlr demand

The Nigeria naira firmed sharply against the greenback on Wednesday after the central bank pumped dollars into the market and cleared all forex demand at its bi-weekly auction, signalling its determination to support the local currency.
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WHO Outlines Action Plan for Mental Health

The World Health Organization (WHO) has pegged a per capita investment of US $3 to $ 4 for managing mental health as part of its initiative on World Mental Health day. 2011 commemorates the 20th year of World Mental Health day and this year’s campaign focuses on, Investing in mental health”, noting that financial and human resources allocated for mental health are inadequate especially in low resource countries.
Peace Prize

Nobel Peace Prize 2011: The Award's Aftermath

The 2011 Nobel Peace Prize winners were announced on Friday, and for the first time, three women split the prize. But, after a weekend of celebration, peace still isn't ubiquitous in either Liberia or Yemen, the homes of the laureates.
Peace Prize

Nobel Peace Prize 2011 Winners: 5 Things to Know

The 2011 Nobel Peace Prize was awarded to three women on Friday for their collective nonviolent struggle for the safety of women and for women's rights to full participation in peace-building work.
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Nigerian naira hits record low, cbank unveils new move

The Nigerian naira struck a new record low of 164.85 to the dollar in the interbank market on Thursday, pressured for a second day by the central bank's comments earlier this week that it would not support the currency at all costs.

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