NewsWest Africa

Wed,18Jan2017

West Africa

Nigeria's NNPC proposes changes to increase deepwater oil revenues

Cars queue for fuel at the Nigerian National Petroleum Corporation petrol station in Abuja. Photo: Sunday Alamba/AP/SIPANigeria's state oil company has proposed legal amendments aimed at enabling the government to increase royalties and other revenues from deepwater oil production.

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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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Ghana's new president pledges to jumpstart economy

Ghana's President Nana Akufo-Addo speaks during his inauguration ceremony in Accra. Photo: AP/SIPAA detailed briefing on the parlous state of Ghana's economy will dominate President Nana Akufo Addo’s first working day in power on Monday.

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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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Ghana's incoming government looks to create jobs and tackle debt crisis

Ghana's President-elect Nana Akufo-Addo, of the New Patriotic Party, smiles after being declared the winner of the presidential election. Photo: Sunday Alamba/AP/SIPAA home-grown economic rescue package will top the agenda when Ghana’s new government starts work after Nana Akufo-Addo is sworn in as president on 7 January. Part of that effort will be a close examination of the viability of the procurement and debt obligations contracted by the outgoing government under President John Mahama.

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