RECENT NEWS
Reuters  Nov 4  Comment 
Nigeria's First Bank intends to use a planned 500 billion naira bond to help fund acquisitions both in Nigeria and abroad, its chief executive said on Wednesday.
Reuters  Nov 4  Comment 
Nigeria's largest cement producer, Dangote Cement, is investing in new production plants around Africa to establish itself as a continental market leader before a planned listing in London, an executive director said.
Reuters  Nov 4  Comment 
Nigerian telecoms firm Starcomms said on Wednesday its core earnings (EBITDA) had more than quadrupled to 6.74 billion naira in the nine months to the end of September.
Reuters  Nov 4  Comment 
Government bond yields in Nigeria will fall further if the latest measures announced by the country's monetary policy committee to try to boost liquidity are successful, traders said on Wednesday.
Reuters  Nov 4  Comment 
Royal Dutch Shell is mulling a second phase of expansion at its gas and oil project in Nigeria that would see a total of 3.4 trillion cubic feet of gas extracted, a senior official said on Wednesday.
Reuters  Nov 4  Comment 
Nigeria will forge ahead with the abolition of fuel subsidies despite the threat of a general strike but will not change pump prices until consultations with the unions are concluded, the presidency said late on Tuesday.
Reuters  Nov 4  Comment 
Nigerian energy firm Oando Plc plans to produce up to 15,000 barrels per day (bpd) of oil in the second quarter of next year, the chief executive officer said on Wednesday.
Reuters  Nov 4  Comment 
Stanbic IBTC, the Nigerian unit of South Africa's Standard Bank, said on Wednesday pretax profit slumped 62 percent to 5.1 billion naira in the nine months to the end of September.
Reuters  Nov 4  Comment 
London-listed oil and gas company Afren Plc said it planned to move up to the London Stock Exchange's main market in early December, helping lift its shares on Wednesday.
Reuters  Nov 3  Comment 
Nigeria's Seven Energy expects to start production from its Uquo gas field by the middle of next year, with some 200 million cubic feet expected a day, its head said on Tuesday.
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