Business

Tue,24Jan2017

Business

Nigeria to sell diaspora bonds in March after eurobond issue: source

Nigerian President Muhammadu Buhari leaves after speaking at the US-Africa Business Forum at The Plaza Hotel in New York, Sept. 21, 2016. Photo: Carolyn Kaster/AP/SIPANigeria will look to issue a debut diaspora bond by March to raise funds from Nigerians abroad, after completing a $1 bn eurobond sale this month, a finance ministry source told Reuters on Wednesday.

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Uganda and Tanzania award crude pipeline design contract to US firm

In this 2010 file photo, an oil well undergoes testing in the Lake Albertine region of western Uganda. Photo: AP/SIPAUganda and Tanzania have awarded a contract for designing a crude oil pipeline running through both east African countries to US based firm Gulf Interstate Engineering, an official document seen by Reuters on Wednesday showed.

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Egypt's cost-of-living soars as currency dives

A woman looks at the view at Al-Azhar Park one of the bustling city's few public parks in Cairo. Photo: Nariman El-Mofty/AP/SIPAAnnual consumer price inflation in Egypt's cities soared to a second straight eight-year high in December, hitting 23.3% on the back of the government's decision to float the pound, effectively halving its value.

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Gold hits highest in over a month on Brexit, Trump concerns

In this Jan. 9, 2017 file photo, President-elect Donald Trump talks with reporters at Trump Tower in New York. Photo:Evan Vucci/AP/SIPAGold rallied to its highest level in more than a month on Tuesday as the dollar dipped ahead of a news conference on Wednesday by U. President-elect Donald Trump.

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Ghana's new president to name investment banker as finance minister

Ghana President elect Nana Akufo-Addo speaks during his inauguration ceremony in Accra, Ghana, Saturday Jan. 7, 2017. Photo: AP/SIPAGhana President Nana Akufo-Addo is likely to name investment banker Ken Ofori-Atta as finance minister, three sources close to the presidency told Reuters on Sunday.

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Nigeria's sovereign fund in credit tie-up to unlock infrastructure funding

Pedestrians shop at a street-side market in the commercial centre of Lagos. Photo: Sunday Alamba/AP/SipaNigeria's sovereign wealth fund is setting up a company in partnership with London-based local currency guarantee firm GuarantCo to enable pension funds to invest in Nigerian infrastructure bonds, its chief executive said on Thursday.

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Nigeria's NNPC awards 2017 crude oil term contracts to 39 companies

A boy walks across an oil pipeline running through the Okrika neighborhood of Port Harcourt in Nigeria's oil-rich delta region. Photo: Sunday Alamba/AP/SIPAState-run Nigerian National Petroleum Corporation (NNPC) has awarded its 2017 crude oil term contracts to 39 companies, the company said on Tuesday.

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