News Desk (Late Edition) Thursday, August 21, 2008

Nigerian leader replaces top military chiefs: official

The move, which follows a rise in rebel activity targeting oil installations across the Niger Delta, was enacted shortly before Yar'Adua left the country Wednesday night for a pilgrimage to Mecca, his spokesman said in a statement. MORE>>>


Nigeria anti-graft body probes Obama 'fundraiser'

Officers of the Economic Financial Crimes Commission have questioned Ndi Okereke-Onyiuke, the chief executive of the Nigerian Stock Exchange, on Wednesday and again Thursday over last week's gala dinner believed to have raised around 80,000 dollars. MORE>>>

Nigeria fuel retailer seeks $936 mln in share offer

AP will sell 199.07 million new shares at 250 naira each to the public and 262.93 million shares at 230 naira each in a rights issue to existing shareholders. The offering will run through to October 2, 2008. MORE>>>

UK seeks to deepen energy ties with Nigeria

Britain sees Nigeria, where attacks by militants and under-investment have cut production to 1.8m b/d from a capacity of roughly 2.5m b/d, as one of the few countries that could potentially provide a significant increase in output. MORE>>>

Nigeria's July Inflation Accelerates to 14% on Food Costs

Inflation accelerated from 12 percent in June, Henry Eteama, spokesman for the Abuja-based National Bureau of Statistics, said by phone today. Food inflation quickened to 20.9 percent in July from 18.1 percent a month earlier, he said. MORE>>>