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Buhari needs more time to sign 2016 budget - Minister

Nigeria's President Muhammadu Buhari needs more time to check the 2016 budget bill before signing it, a government minister said on Wednesday, signaling further delays before the legislation takes effect. The budget for Africa's top oil producer…
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Oil rebounds to close at a 2016 high

LONDON, April 20 (Reuters) - * Oil prices rebounded to a 2016 high Wednesday as U.S. stocks of crude posted a smaller-than-expected build and there was a drawdown in gasoline and distillate stocks. * Russia said on Wednesday it was prepared…

Nigeria to hold off new MTN talks until parliament concludes probe - Reuters

ABUJA, April 20 (Reuters) - Nigeria will hold off new talks with South Africa's MTN over a $3.9 billion fine for missing a deadline to disconnect unregistered SIM card users until parliament concludes a probe, its communications minister said…

Poor demand and lack of profitability leads Iberia Airlines to pull out of Nigeria

// // // Iberia Airlines will suspend services to Nigeria on May 12, and Ghana on May 17, due to a drop in demand and “lack of profitability”.// // // // // // // Spain's flag carrier and largest airline has also temporarily…

Population growth outpaces Nigerian investment

LAGOS, April 20 (Reuters) - Waiting at a crowded bus stop for a ride to work, Osheme Antoine dreams of raising a big family one day. Such dreams, shared by millions, mean Nigeria's bus queues are likely to get even longer in decades to come. President…

Nigeria to raise N167.51B at Treasury Bills Auction Today

LAGOS, April 20 (Reuters) - Yields are expected to rise at Nigeria's local currency denominated treasury bills auction on Wednesday in tandem with a higher inflation figure for March and possible increase in interest rates by the central bank…