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Fri, 03 Feb 2012
WAfrica Crude-Steady as Asian bids balance offers
* Qua Iboe steady around dated plus $2.60
* Bonny assessed at Qua Iboe minus 30 cents
* All but half a dozen March Angolan cargoes sold
LONDON, Feb 3 (Reuters) - West African crude oil
differentials were steady on Friday as Asian demand for a
variety of grades balanced ample supplies of most grades,
particularly the lighter end of the sweet market.
India's largest refiner, Indian Oil Corp, bought 4 million
barrels of Nigerian crude for loading end-March/early April,
adding some Fri, 03 Feb 2012
Purported spokesman for Nigeria sect denies arrest
MAIDUGURI, Feb 3 (Reuters) - A purported spokesman of
Nigeria's violent Islamist sect Boko Haram has denied he is the
man authorities arrested on Wednesday, throwing into confusion
the identity of the sect member the secret service has detained. Fri, 03 Feb 2012
Nigerian interbank rates ease on budgetary inflows
LAGOS, Feb 3 (Reuters) - Nigeria's interbank lending
rates closed at an average of 13.50 percent this week, easing
from 15.50 percent last week, following the release of some of
December's budgetary allocation to government agencies, traders
said on Friday. Fri, 03 Feb 2012
Nigeria's fx reserves jump to a 4 1/2 mth high
LAGOS, Feb 3 (Reuters) - Nigeria's foreign exchange
reserves rose to $34.67 billion on Feb. 1, their highest level
in four and half months, central bank data showed on Friday,
raising hopes of a more stable exchange rate on the naira. Fri, 03 Feb 2012
AFRICA DEBT-Strong demand seen at Kenya, Nigeria auctions
NAIROBI, Feb 3 (Reuters) - Strong demand is expected
at Kenyan and Nigerian debt auctions next week as investors try
to lock in high yields before easing inflation in both countries
drags the rates of return lower. Fri, 03 Feb 2012
African Markets - Factors to watch on Feb 3
The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Friday.
- - - - -
EVENTS:
* Mauritius offers 1 billion rupees of 364-day Treasury bills
GLOBAL MARKETS
Asian shares and the euro fell on Friday as caution set in ahead of
key U.S. jobs data, which will offer more clues over the state of the
world's largest economy, while Greek debt restructuring talks dragged
on and undermined sen Thu, 02 Feb 2012
WAfrica Crude-IOC buying supports Nigerian
GENEVA, Feb 2 (Reuters) - Nigerian spot differentials
were steady on Thursday as buying interest in Asia via a tender
and healthy European margins helped offset otherwise slow demand
from the United States.
Traders said that Glencore was a winner of a tender by the
Indian Oil Corp for light, sweet crude loading in April, with
the option to load from the second half of the month.
This could not immediately be confirmed and the grade of the
oil sold was unknown.
Otherwise, demand wa Thu, 02 Feb 2012
Nigerian naira firms on NNPC dollar sales to banks
LAGOS, Feb 2 (Reuters) - The Nigerian naira
strengthened against the U.S dollar on the interbank market on
Thursday after state-owned energy company NNPC sold about $150
million to some lenders, boosting dollar liquidity in the
market. Thu, 02 Feb 2012
AFRICA FX WEEKAHEAD-High yields to support Kenya, Uganda shillings
NAIROBI, Feb 2 (Reuters) - Foreign demand for
high-yielding debt in Kenya and Uganda is likely to underpin
their respective currencies next week, while Nigeria's naira
should benefit from hefty dollar sales in the past two days by
oil companies. Thu, 02 Feb 2012
Nigeria to sell 149.27 bln naira in Treasury bills
LAGOS, Feb 2 (Reuters) - Nigeria plans to auction
treasury bills worth 149.27 billion naira ($926.42 million) at
its regular debt auction next week, the central bank said on
Thursday. |
