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Buhari says Nigeria faces worst economic situation in its history

Nigeria's President Muhammadu Buhari said on Wednesday the country was facing the worst economic situation in its history, in a speech to lawmakers to...

Nigerian parliament opens inquiry into long-disputed Shell, Eni oil field

Nigerian President Buhari.   Nigeria's lower house opened an investigation on Tuesday into an offshore oil field owned by Royal Dutch Shell and Eni, the latest...

Trump picks Exxon chief Tillerson as secretary of state

ExxonMobil Chairman and CEO Rex Tillerson. Photo Credit: Reuters   President-elect Donald Trump announced Exxon Mobil Corp's Rex Tillerson as his choice for secretary of state...

Cuba signs deal for faster internet access to Google content

Most Cubans can only access the internet from public wi-fi hotspots. Photo Credit: AP Cuba's state-run telecommunications company Etecsa has signed a deal with Google...

Oil surges after output cuts, strong dollar weighs

A gas station attendant pumps fuel into a customer's car at PetroChina's petrol station in Beijing, China. Photo Credit: Reuters   Oil prices jumped to their...

Zimbabwe: Finance minister projects better growth rate in 2017

Zimbabwe finance minister Patrick Chinamasa has presented the country’s 2017 budget before parliament. The budget stands at about 4.1 billion dollars. During the presentation the finance...

Thousands of Kenyan single mothers, widows use mobile money to escape poverty

Almost 200,000 Kenyan households, many headed by poor, rural women, have lifted themselves out of poverty using mobile money services, experts said on Thursday,...

OPEC oil output hits record high

OPEC's oil output set another record high in November ahead of a deal to cut production, a Reuters survey found on Monday, helped by...

Nigeria, Morocco to Build gas pipeline link

Nigeria and Morocco have signed a joint venture to construct a gas pipeline that will connect the two nations as well as some other...

Nigeria to complete sale of Eurobond by end of first quarter of 2017

Nigeria hopes to conclude the sale of a $1 billion Eurobond by the end of the first quarter of 2017.According to vice President Yemi...

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