NIGERIA

Lead-laden paint still widely sold around the world

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Even as the US lowers the lead levels allowed in paint dramatically, paint with dangerously high lead levels is still being sold for household use worldwide, putting hundreds of millions of young children at risk of permanent brain damage,

MTN sees adj H1 headline EPS up to 13.6 pct lower

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South Africa's MTN Group said half-year adjusted headline earnings per share could fall by between 8.6 and 13.6 percent for the six months to the end of June, worse than market forecasts, it said on Tuesday.
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Hardy Oil posts H1 loss, cuts FY production forecast

Britain's Hardy Oil and Gas Plc (HAOG.L: Quote, Profile, Research, Stock Buzz) posted an operating loss for the first half on lower crude oil prices and higher costs, and cut its 2009 production forecast as its only producing field was shut for repairs.
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Nigeria's Oando seeks 200 bln naira for expansion

Nigeria's top fuel retailer and gas distributor Oando Plc plans to raise 200 billion naira ($1.3 billion) through debt and equity over the next two years to expand its business, a senior executive said on Monday.
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Clinton to meet Somali president in Africa trip

U.S. Secretary of State Hillary Clinton plans to meet the president of Somalia's transitional government during a seven-nation trip to Africa next week, the State Department said on Monday.
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ONGC taps Citi for Kosmos Ghana stake bid: sources

India's leading oil producer ONGC has hired Citigroup to advise it on a bid for Kosmos Energy's stake in an oil field in Ghana in a deal that could be worth between $3 billion and $5 billion, sources familiar with the deal said.
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Oil above $60 as global equities rally

Oil prices rose by around $1 dollar to above $60 on Tuesday as renewed confidence across financial markets helped to reverse some of last week's falls.
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G8 pledges $20 billion in farm aid to poor nations

G8 leaders pledged $20 billion (12.3 billion pounds) in farm aid to help poor nations feed themselves, surpassing expectations on the final day of a summit that has yielded little progress on climate change and trade.
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Chevron says Q2 hit by U.S. refining, weak dollar

Chevron Corp warned that second-quarter earnings would be hit by a sharp decline in U.S. refining margins and that any benefits from higher oil prices were largely offset by a weaker dollar, sending its shares down 1.8 percent.
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Chevron says Q2 downstream hit by U.S. refining

Chevron Corp said on Thursday it expected second-quarter earnings to be hit by a sharp decline in U.S. refining margins, while better prices on the production side would be largely offset by foreign currency effects.
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Oil rallies above $64 after four-day fall

Oil rose above $64 a barrel on Tuesday, after falling for four consecutive sessions on doubts over global economic recovery and potential improvement in demand for fuel.
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Oil falls below $64 on recovery doubts

Oil eased below $64 a barrel on Tuesday, falling for the fifth consecutive session on doubts over global economic recovery and potential improvement in demand for fuel.
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Oil extends losses below $64 on economic worries

Oil edged down on Tuesday, on course for its fifth consecutive fall and longest losing streak since February, on worries about the economy that have brought the stock market rally to a halt and pushed the dollar higher.
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Oil edges above $64 after 4 pct fall on economy

Oil edged up above $64 a barrel on Tuesday, after four consecutive days of falls on worries about the economy that have brought the stock market rally to a halt and pushed the dollar higher.
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Oil falls to below $65 on recovery doubts

Oil fell to below $65 a barrel on Monday and touched a five-week low earlier in the session, pressured by doubts over the prospects for a recovery in the global economy and energy demand.
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Oil falls to around $64 a barrel

Oil fell to around $64 a barrel on Monday and touched a five-week low, pressured by doubts over the prospects for a global economic recovery.
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Oil above $71 on inventory drop, Nigeria

Oil rose above $71 a barrel on Wednesday following a large drop in crude inventories in the United States, the world's top energy consumer, and output disruptions from militant attacks in Nigeria.

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