ABUJA, April 14 (Reuters) – The United Nations’ World Food Programme could in a few weeks run out of funding to feed millions living on the brink of famine in Nigeria, four people familiar with the matter said, intensifying one of the world’s largest humanitarian crises.
Tag: nigeriaNews
Iraqi Christians return to ransacked town with fear and hope
QARAQOSH, Iraq, April 14 (Reuters) – With Islamic State expelled, Iraqi Christians are trickling back to the ransacked town of Qaraqosh, beset by anxiety for their security and yet hopeful they can live in friendship with Muslims of all persuasions.
African Markets – Factors to watch on April 14
The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday. – – – – – GLOBAL MARKETS Japanese and South Korean shares headed lower while the won came under pressure on Friday, hurt by rising geopolitical tensions in the Korean peninsular in otherwise holiday-thinned…
UPDATE 1-Nigerian interbank rate jumps on cash shortage
LAGOS, April 13 (Reuters) – Nigerian interbank lending rates rose sharply by around 100 percentage points on Thursday, as commercial lenders scrambled for cash to pay for bond purchases and cover their positions, traders said.
BRIEF-Standard Alliance Insurance announces possible delay in filing results
* May be unable to submit its management account for period ended March 31 to nse within timeframe required by regulatory agency
WEEKAHEAD-Nigeria's naira to advance on dollars sales, others seen stable
LAGOS, April 13 (Reuters) – Nigeria’s naira is likelyt to strengthen next week on an increase in dollar sales to foreign exchange bureaus. Most other African currencies are likely to be stable.
Eni paid no intermediary, bribes to acquire Nigeria oilfield
MILAN, April 13 (Reuters) – Italian oil and gas group Eni reiterated on Thursday it had not paid any intermediary or any bribes to acquire the OPL-245 oilfield in Nigeria.
Nigerian interbank rate jumps on cash shortage
LAGOS, April 13 (Reuters) – Nigerian interbank lending rates rose sharply by around 100 percentage points on Thursday, as commercial lenders scrambled for cash to pay for bond purchases and cover their positions, traders said.
UPDATE 1-Nigeria raises banks' FX loan limits to resolve breaches -cenbank
LAGOS, April 13 (Reuters) – Nigeria’s central bank has increased the limit on banks’ foreign currency borrowings to 125 percent of shareholders’ fund after some lenders breached its regulatory limit due to the recent fall in the naira, according to a circular seen by Reuters.
UPDATE 1-Nigeria in talks to release remaining captive Chibok girls
ABUJA, April 13 (Reuters) – Nigeria is in talks to release the remaining captive Chibok girls, its president said on Thursday, a day before the third anniversary of the kidnapping of 276 schoolgirls by Islamist insurgents Boko Haram.
Some Nigerian banks have breached FX borrowing limit: central bank
LAGOS, April 13 (Reuters) – Nigeria’s central bank said on Thursday some commercial lenders have breached its regulatory limit of foreign currency borrowings due to the recent fall in the value of the naira.
Nigeria in talks to release remaining captive Chibok girls -president
ABUJA, April 13 (Reuters) – Nigeria’s government is in talks to release the remaining captive Chibok girls, the president said on Thursday, a day before the third anniversary of the kidnapping of 276 schoolgirls by Islamist insurgency Boko Haram.