November 8, 2016/Reuters Nigeria’s upper house of parliament will investigate a railway concession the government wants to grant to U.S. firm General Electric over possible violations by Nigerian officials, lawmakers said on Tuesday. The lower house had already launched a similar inquiry last month into talks between the government and […]
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Nigeria reaches “outline” settlement with oil firms on owed payments -FT
November 8, 2016/Reuters Nigeria has reached an “outline settlement” worth $5 billion with five oil majors to cover outstanding payments for joint exploration and production, the Financial Times said on Tuesday. The OPEC member’s state oil firm NNPC has over years piled up unpaid bills, so-called cash calls, that it […]
Wall Street gains as traders bet on Clinton triumph
November 8, 2016/Reuters By Noel Randewich U.S. stocks rose for a second straight session on Tuesday as investors bet Democratic candidate Hillary Clinton would win the U.S. presidential election. Wall Street sees the former secretary of state as a status quo candidate lending stability to the markets, while Republican candidate […]
