The Central Bank of Nigeria left its benchmark interest rate at a record high, concerned by a drop in oil output and the threat of higher spending as the government combats Islamist insurgents in the northeast.
Deogratias Mutombo Mwana Nyembo, who became Democratic Republic of Congo’s central bank governor last week, may boost efforts to extend financial services to more of the country’s 70 million people, an industry group said.
Comision Federal de Electricidad, Mexico’s state utility, is scheduled to receive nine spot cargoes of liquefied natural gas over the next 19 months from BP Gas Marketing Ltd., a subsidiary of BP Plc, and Trafigura AG.
Nigeria’s $1 billion sovereign wealth fund will start investing in June, as its board has approved the investment policy statements for the three funds it includes, Chief Executive Officer Uche Orji said.
Nigeria’s military is chasing Islamist fighters as they flee to the borders of Chad and Niger from the northeast, where President Goodluck Jonathan has declared emergency rule, spokesman Chris Olukolade said.