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United Kingdom

Camillus Eboh

Nigerian Senate backs Eurobond issue, warns of debt overhang

17 Oct 2018

ABUJA Nigeria's upper house of parliament approved a planned $2.786 billion Eurobond issue on Wednesday but advised the government to limit foreign borrowing and instead boost revenues.

UPDATE 2-Nigerian Senate backs Eurobond issue, warns of debt overhang

17 Oct 2018

ABUJA, Oct 17 Nigeria's upper house of parliament approved a planned $2.786 billion Eurobond issue on Wednesday but advised the government to limit foreign borrowing and instead boost revenues.

Death toll reaches 60 in Nigerian oil pipeline fire

15 Oct 2018

ABUJA Sixty people were killed after a fire broke out on Friday on an oil pipeline in the southeast of Nigeria, a spokesman for the National Emergency Management Agency (NEMA) said on Monday, up from the tally of 16 dead given by officials three days earlier.

Nigerian umbrella trade union suspends nationwide strike

30 Sep 2018

ABUJA A Nigerian umbrella trade union suspended a nationwide strike on its fourth day on Sunday, after the government agreed to hold a meeting to discuss increasing the minimum wage, a union official said.

CORRECTED-UPDATE 3-Nigerian unions start general strike over minimum wage

27 Sep 2018

LAGOS/ABUJA, Sept 27 Nigeria's main unions launched an indefinite strike on Thursday in a dispute over the minimum wage and a key oil industry union said it would join, in a decision that could potentially impact crude output.

Nigerian unions launch general strike over minimum wage

27 Sep 2018

LAGOS/ABUJA, Sept 27 Nigeria's main unions launched an indefinite nationwide strike on Thursday in a dispute over the minimum wage after talks with the government broke down a day earlier.

UPDATE 1-Nigeria's central bank governor optimistic over $8.1 bln MTN transfer dispute

25 Sep 2018

ABUJA, Sept 25 Nigeria's Central Bank Governor Godwin Emefiele said on Tuesday he was optimistic the bank would resolve a dispute linked to allegations that South African telecom firm MTN moved funds out of the country illegally.

UPDATE 1-Nigeria's central bank holds benchmark lending rate at 14 percent

25 Sep 2018

ABUJA, Sept 25 Nigeria's central bank kept its main interest rate at 14 percent on Tuesday, Governor Godwin Emefiele said, in a split decision that reflected the bank's need to contend with both sluggish growth and accelerating inflation.

UPDATE 2-Nigeria's central bank withdraws Skye Bank's operating licence

21 Sep 2018

ABUJA, Sept 21 Nigeria's central bank has revoked Skye Bank's operating licence and a bridge bank called Polaris has been created to take over the lender's assets, the financial regulator said on Friday.

UPDATE 2-Nigeria's central bank says reviewing information to resolve $8.1 bln MTN repatriation

19 Sep 2018

ABUJA, Sept 19 Nigeria's central bank is reviewing information provided by MTN and four banks accused of helping the South African telecoms company to illegally repatriate $8.1 billion, with a view to reaching an equitable resolution, it said on Wednesday.

World News