By Camillus Eboh and Luciana Magalhaes ABUJA/SAO PAULO (Reuters) -Brazil’s state-run oil company Petrobras, which left Nigeria five years ago, should be able to return quickly, Nigerian President Bola Tinubu told a press conference with his Brazilian counterpart during a two-day visit. Petrobras began operations in Nigeria in 1998 in the deep waters off the …
Nigerian president urges quick return for Brazil’s Petrobras Read More »
By Stephanie Kelly NEW YORK (Reuters) -Oil prices fell 2% on Tuesday, erasing gains from the previous session, as investors watched developments around U.S. tariffs, the war in Ukraine and the potential disruption of Russian fuel supplies. Brent crude was down $1.58, or 2.3%, at $67.22 a barrel, a day after hitting its highest price …
Oil falls 2% from nearly three-week high; focus on tariffs, Russian supply Read More »
JOHANNESBURG (Reuters) -The South African rand softened on Tuesday after the release of a local leading business cycle indicator. At 1501 GMT the rand traded at 17.6575 against the dollar, about 0.3% weaker than Monday’s close. South Africa’s composite leading business cycle indicator rose 0.4% month on month in June, central bank data showed on …
South African rand weakens after leading indicator data Read More »
By George Obulutsa NAIROBI (Reuters) -Kenya Airways aims to finalise plans to raise at least $500 million in extra capital to expand and improve its fleet by the first quarter of next year, the airline said on Tuesday, after it reported a pretax loss in the first half. One of Africa’s three biggest airlines, Kenya …
Kenya Airways wants to raise at least $500 million to expand fleet Read More »
By Isaac Anyaogu LAGOS (Reuters) -Nigeria’s state oil firm NNPC Limited said on Monday nearly all pipeline theft has been eliminated after coordinated efforts by the country’s defence and intelligence agencies. Three years ago, as little as 30% of oil sent through some pipelines made it to Nigeria’s export terminals, costing the government billions in …
Nigeria’s NNPC says pipeline theft has been nearly eliminated Read More »
ADDIS ABABA (Reuters) -Ethio Telecom expects full-year revenue to jump by 45.5% in the year to June 2026, driven by increased customer numbers and higher data usage, the state-owned Ethiopian company’s chief executive said on Tuesday. Chief Executive Frehiwot Tamiru also projected a 6% increase in subscribers to 88 million in the 2025/26 fiscal year …
Ethio Telecom expects 45% jump in full-year revenue, says CEO Read More »
(Reuters) -Work is underway at three new wells in the Zohr gas field in the Mediterranean in the current financial year, Egypt’s petroleum ministry said on Tuesday. Another well, the Zohr-6 well, has added about 65 million cubic feet per day of gas to Egypt’s output, the ministry added. Italian energy group Eni, Zohr’s operator, …
Egypt petroleum ministry says work underway in three new wells in Zohr gas field Read More »
By Nicole Jao NEW YORK (Reuters) -Oil prices climbed around 2% on Monday, continuing last week’s gains, as traders anticipated more U.S. sanctions on Russian oil and Ukrainian attacks on Russian energy infrastructure that could disrupt supplies. Brent crude futures settled up $1.07, or 1.58%, at $68.80, while West Texas Intermediate crude futures gained $1.14, …
Oil prices rise as Russia-Ukraine war threatens supply disruption Read More »
By Laura Matthews NEW YORK (Reuters) -The dollar advanced against major currencies on Monday, bouncing from a steep fall last week that followed remarks from Federal Reserve Chair Jerome Powell that boosted expectations for a rate cut next month. The dollar index, which measures the greenback against a basket of currencies, rose 0.49% to 98.32, …
Dollar rebounds from slump spurred by Powell’s dovish surprise Read More »
LONDON (Reuters) -French cocoa trader Touton SA said on Monday it was in exclusive talks to be sold to commodity and energy trader Hartree Partners. The deal is expected to close in early January 2026, subject to consultation with employees’ representatives, regulatory approvals and satisfaction of conditions, Touton said in a statement. Acquiring Bordeaux-based Touton, …
Cocoa trader Touton in exclusive talks to be sold to Hartree Read More »
