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.
According to reports, of the 54 nations of the Commonwealth, three-fourths (41) have laws which ban homosexuality.
Africa's new scramble for oil is heading east, where the potential could be huge but the risks are far higher than in the well-established sector on the continent's west coast.
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.
The death of Moammar Gadhafi has definitely clarified one piece of the jigsaw puzzle that is the global oil market: There is now one fewer issue to hinder production security in a host of oil hot spots.
U.S. oilfield services company Halliburton Co conducted an internal investigation of its Angolan operations after an anonymous email alleged its employees breached corruption laws.
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.
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.
The U.S. Supreme Court will ultimately decide if victims and their families can sue corporations or political organizations in America for human rights abuses in other countries.
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.
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.
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 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.
In Nigeria, a member of parliament was shot dead by militants thought to be affiliated with Islamic group Boko Haram.
The U.S. economy needs its mojo back -- not just consumer confidence but a greater willingness to compete for business -- in the eyes of General Electric Co Chief Executive Jeff Immelt.
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.
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.
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.
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.
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.
The Somali rebel group responsible for the suicide bombing Tuesday that killed 70 people has vowed that attacks will increase day by day. But what does al-Shabab want?
Underwear Bomber Umar Farouk Abdulmutallab trial began today in Detroit as the terror suspect yelled al-Awlaki's name.