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  • Equatorial Guinea has agreed to supply Swaziland with crude oil, but the product will first need to be refined in neighbouring South Africa, the Business Report said on Friday.

  • The local currency hit a low of 1.700 against the dollar at Friday's open, from Thursday's fresh lows of 1.6900/25 in a steady fall in the last 3 days.

  • More than 1,000 mineworkers had planned to down tools from Friday, protesting employment conditions.

  • "If the people say no to the deregulation, we are on their side; unless the president is able to convince Nigerians and the people say go ahead, then the National Assembly will support it.
     

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Equatorial Guinea to sell crude to Swaziland: Report

Equatorial Guinea has agreed to supply Swaziland with crude oil, but the product will first need to be refined in neighbouring South Africa, the Business Report said on Friday.
 
Swaziland, which currently sources all of its fuel products from South Africa, does not have its own refinery.
 

Ghana cedi slumps to new low on dollar demand

The Ghana cedi currency hit a new low on Friday against the U.S. dollar on the back of surging demand for the greenback by both local and foreign investors, a trader said.
 
"There's a lot of people queuing up for the dollar to cover import bills -- the demand is really high from all sectors, especially the telecoms, mines and manufacturers," said Barclays Bank Ghana chief trader Kobla Nyaletey.

Exxaro says reached agreement with mineworkers

 

South Africa's Exxaro Resources said a planned strike by workers at its Arnot coal mine has been called off after it reached agreement with the union late on Thursday, the company said in a statement.
Exxaro is South Africa's second-largest coal producer and a major supplier to power utility Eskom.

President must convince Nigerians on fuel subsidy - Legislator

Abuja: Rep. Taiwo Adenekan, the member for Ajeromi Ifelodun Federal Constituency, says the president must convince Nigerians to get the support of the National Assembly on the plan to remove fuel subsidy.

Adenekan spoke to newsmen in Lagos at the graduation ceremony of the Computer Training, Adult Literacy and Skill Acquisition programme, organised by the deputy speaker of Lagos State House of Assembly.

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