LAGOS (Reuters) – Nigeria’s central bank has lifted a ban on transacting in cryptocurrencies, while saying global trends had shown a need to regulate such activities, the bank said in its latest circular. The Central Bank of Nigeria (CBN) in Feb. 2021 barred banks and financial institutions from dealing in or facilitating transactions in crypto …
Nigerian central bank lifts ban on crypto trading Read More »
KAMPALA (Reuters) – Uganda’s oil ministry said it has granted Nigerian firm Oranto Petroleum Limited a two-year renewal of an oil exploration licence for two blocks located in the west of the country. The licence extension, which covers the Ngassa Deep and Ngassa Shallow exploration areas, will allow the firm to conduct both exploration and …
Uganda extends oil exploration licence for Nigeria’s Oranto by two years Read More »
By Caroline Valetkevitch NEW YORK (Reuters) -Global stock indexes mostly rose while the U.S. dollar dipped to a near five-month low on Friday ahead of the long holiday weekend, with cooler-than-expected U.S. inflation data supporting the view that the Federal Reserve could cut borrowing costs in the new year. The Commerce Department report showed U.S. …
Stocks edge up, dollar eases before long holiday weekend Read More »
CAPE TOWN (Reuters) – French energy firm TotalEnergies plans to restart its long-delayed $20 billion Mozambique liquefied natural gas (LNG) project in the first quarter of next year, two sources told Reuters late on Friday. Work on the project has been halted since 2021 when a violent insurgency led by Islamic State-linked militants threatened the …
TotalEnergies to restart its delayed Mozambique LNG project in early 2024 -sources Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar index edged down on Friday, hitting a near five-month low as data showed annual U.S. inflation slowed further below 3% in November, cementing market expectations for a U.S. interest rate cut next March. In the 12 months through November, inflation, as measured by the personal consumption …
Dollar slips to 5-month low as US inflation cools Read More »
By Scott DiSavino NEW YORK (Reuters) – Oil prices eased on Friday ahead of the long Christmas holiday weekend on expectations Angola could increase output after leaving OPEC, but rose for the week on positive U.S. economic news and worries Houthi ship attacks would boost supply costs. Brent futures fell 32 cents, or 0.4%, to …
Oil eases ahead of Christmas break on possible future Angola output increase Read More »
By Joe Cash BEIJING (Reuters) – Angola’s decision to leave the Organization of the Petroleum Exporting Countries could open the way for Beijing to increase investment in the country’s oil and other sectors, as part of a deepening of decades-old ties. Angola said on Thursday it was leaving OPEC, effective from Jan. 1, following a …
Angola’s OPEC exit opens way for more Chinese investment Read More »
By Wendell Roelf CAPE TOWN (Reuters) – Shipping companies sailing around the Cape of Good Hope to avoid Houthi attacks on the Red Sea face tough choices over where to refuel and restock, as African ports struggle with red tape, congestion and poor facilities, companies and analysts say. Hundreds of large vessels are rerouting around …
Ships rerouted by Red Sea crisis face overwhelmed African ports Read More »
JOHANNESBURG (Reuters) -South Africa’s rand pared back some losses on Friday, after data showed annual U.S. inflation slowed further in November, fuelling hopes of an early interest rate cut by the Federal Reserve. At 1409 GMT, the rand traded at 18.3950 against the dollar, down 0.15% from its previous close. It had weakened as much …
South African rand pares losses after key US inflation report Read More »
By Sinéad Carew NEW YORK (Reuters) -MSCI’s global stock index rose on Thursday, recouping some losses from the previous session’s late-session sell-off, while oil prices fell and the dollar hit its lowest point in a week on the eve of a key U.S. inflation reading. Oil prices, which rallied earlier in the week due to …
Shares rise after Wednesday’s sell-off; dollar and oil fall Read More »
