Sasol Ltd. said it’s appointed Alan Cameron, the current managing director of Sasol Solvents, as the new head of its Sasol Oil unit, replacing Maurice Radebe, who’s been appointed to the company’s executive committee.
Nigerian President Goodluck Jonathan risks sectarian clashes when he announces whether he will seek election: in the Muslim north if he does, and in his native oil- rich Niger River delta in the south if he doesn’t.
Nigeria’s central bank may raise its benchmark interest rate tomorrow for the fourth time this year to bring borrowing costs above inflation and slow price-growth to below 10 percent, according to a survey of analysts.
Nigeria’s ruling People’s Democratic Party will probably nominate President Goodluck Jonathan tomorrow as its candidate for April’s election, making him favorite to remain leader of Africa’s largest crude producer.
Nigeria’s plan to boost government spending is adding to pressure on inflation, making it difficult for the central bank to begin cutting interest rates in Africa’s biggest oil producer, a survey of economists show.