Economics

Nigeria’s refinery project to create 7,000 jobs

LAGOS (AFP) – An estimated 7,000 jobs will be created in Nigeria’s southern Bayelsa State when a refinery is built there in a joint project with China, state oil officials said on Thursday. State-run Nigerian National Petroleum Corporation (NNPC) said in a statement that the Bayelsa refinery is one of three to be built across […]

Business

Nigeria Sells $698 Million at Bond Sale

Nigeria sold the largest amount of bonds in at least five months at a sale where demand outstripped supply as Nigerian banks seek to invest in “partially risk- free” assets, Source Capital Nigeria Ltd. said. The West African nation sold 105 billion naira ($698 million) of bonds at its monthly sale yesterday, the Abuja-based Debt […]

Africa

Nigerian senate votes for earlier elections

The Nigerian senate has voted to change the constitution to bring forward the date of next year’s presidential and parliamentary elections. The changes mean elections originally set for April could take place in January. President Goodluck Jonathan has not yet declared if he will stand for election Nigeria’s House of Representatives must still give its […]