Thursday 1 September 2016
 
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Nigeria

Nigeria's main car plant idled as dollar crisis bites

At a factory in southeast Nigeria, dozens of new white buses stand at the end of the production line, apparently ready to take on some of Africa's toughest roads. Unfortunately for Nigeria's main domestic vehicle assembly

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Nigeria oil minister says Opec cuts unlikely

Nigerian oil minister Emmanuel Ibe Kachikwu said that while a cut in the Organization of the Petroleum Exporting Countries (Opec) production is unlikely, there is hope a meeting of producers in Algeria next month could help shore up crude pric

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Africa battles to get big solar projects on grid

In an expanse of sand 60 miles (100 km) north of Senegal's capital, two men set to work digging up tree stumps to clear space for what could soon be the biggest solar plant in West Africa. In less than a year, says developer S

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Nigeria's oil minister replaced as oil company boss

Nigerian President Muhammadu Buhari has replaced Oil Minister Emmanuel Ibe Kachikwu as group managing director of state oil company NNPC as part of a wider board overhaul. Oil accounts for about 70 per cent of Nigeria' revenue

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Oil falls below $50 on global growth, Brexit concerns

Crude oil futures fell in Asian trade on Tuesday, as investors ignored signs of market tightness to focus on concerns over global growth and overnight declines in stocks on the impending vote on Britain's possible European Union exit.

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Airlines exit Nigeria as economy hit by dollar shortage

International carriers may follow the example of United Airlines and Iberia and halt operations in Nigeria or cut flights as they struggle to move revenue out of the country because the oil-price slump has depleted the West African nation’

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Oil hits 8-month high on supply disruptions

Oil prices jumped to their highest level in eight months on Wednesday, rising for a third consecutive session on supply disruptions in Nigeria and strong Chinese demand data. There was also a larger-than-expected drop in U.S. crud

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Oil hits 8-month high on supply disruptions

Oil prices jumped to their highest level in eight months on Wednesday, rising for a third consecutive session on supply disruptions in Nigeria and strong Chinese demand data. There was also a larger-than-expected drop in U.S. crud

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Oil hovers near 8-month highs on US inventory draw

Oil prices stood steady near their highest level in about eight months on Wednesday, helped by industry data showing a larger-than-expected drawdown in US crude inventories and by worries about attacks on Nigeria's oil industry.

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Oil hovers near 8-month highs on US inventory draw

Oil prices stood steady near their highest level in about eight months on Wednesday, helped by industry data showing a larger-than-expected drawdown in US crude inventories and by worries about attacks on Nigeria's oil industry.

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