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Maintenance to halt Nigerian Okwori crude oil exports LONDON: Nigeria is scheduled to export no cargoes of Okwori crude oil in May due to maintenance work, a trading source said on Monday, reducing supplies from Africa's top exporter. Okwori is a relatively small stream and April's schedule shows exports of two cargoes of 650,000 barrels each, or 43,000 barrels per day (bpd), a fraction of Nigeria's total planned April shipments of 1.86 million bpd. Unipec, the trading arm of China's Sinopec, markets Okwori cargoes. The full picture of Nigeria's crude exports in May is not yet available, because the loading schedule of one of the larger crudes, Forcados, and of a small number of other streams, have yet to emerge. Based on information available so far, Nigeria's total crude exports in May are likely to be less than in April as loadings amount to 52 cargoes, down from 61 in April. Forcados is operated by a Nigerian venture ...

South Africa's stocks bounce JOHANNESBURG: South African stocks ended in the black on Tuesday led by e-commerce giant Naspers and after a resurgence by gold and platinum shares. The spot gold price was up by about 1 percent as markets fret about a slowdown in China's economy and that the Ukrainian crisis would dampen investor appetite for risky assets. Platinum has also remained firm since hitting a six-month high of $1,486.00 an ounce last week. Miners of the precious ...
Nigeria stock exchange seeks advisers for public listing LAGOS: Nigeria's stock exchange plans to appoint financial advisers to guide it through the process of becoming a publicly listed company, it said on Tuesday. The Nigerian Stock Exchange is the second-biggest bourse in sub-Saharan Africa after Johannesburg, which has been a listed company since 2006. Nigeria's bourse is currently owned by stockbrokers and some institutional investors and has around 200 listed companies, all included in its benchmark share index. It said it had won ...
South Africa stocks slip, platinum producers down JOHANNESBURG: South African stocks fell for a third session in a row on Friday as platinum producers such as Impala Platinum and Anglo American Platinum skidded lower, with no end in sight to a strike at their operations. Shares of world No. 1 platinum producer Anglo Platinum fell 3.75 percent to 442.71 rand, coming off an almost 12-month high on Thursday, while Implats declined 3.8 percent to 115.44 rand. "The quicker we can get a ...
Kenyan stocks post 19.2pc gain for 2013 NAIROBI: Kenya's main share index rose on Tuesday to record a 19.2 percent gain for 2013, helped by east Africa's biggest telecoms operator, Safaricom, which doubled in price during the year.The Kenyan shilling, which is up 0.2 percent against the dollar in 2013, was a touch firmer on Tuesday. At 1300 GMT, commercial banks quoted the shilling at 86.20/40, from Monday's close of 86.30/50.The benchmark NSE-20 Share Index rose 0.8 percent on the day to ...
Nigeria stock index ends year 47pc up: traders LAGOS: The Nigeria Stock Exchange index , the country's main index, ended the year 47 percent up on the close of last year, rising 2 percent on the day to 41,329 points, traders said on Tuesday. The principal drivers were cement manufacturer Dangote Cement, up 3.9 percent to close at 218.99 naira, and food and beverages maker Nestle, up 2.12 percent to 1,200 naira a share, they said. Analysts had feared ...
South Africa stocks rise 2pc on back of global rally JOHANNESBURG: South African stocks jumped more than 2 percent on Friday, gaining for the seventh straight session and coming within sight of lifetime highs on the back of a record run in global markets. The gains were across the board with Africa's top bullion producer AngloGold Ashanti the biggest advancer among blue chips, adding more than 5 percent. "The underlying market trend remains quite bullish. In the year-end, the market often gets ahead of itself ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln