NAIROBI, Nov 25 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday.
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EVENTS: *The Central Bank of Nigeria to announce its latest interest rate decision. GLOBAL MARKETS Asian share markets rallied on Tuesday as hopes grew the Federal Reserve will deliver a December interest rate cut, while investors piled into global technology stocks shrugging off concerns the sector was becoming overheated.nL4N3X01DWMKTS/GLOB WORLD OIL PRICES Oil prices were little changed on Tuesday after rising in the previous session as concerns supply will exceed demand next year outweighed worries Russian shipments will remain under sanctions as talks to end the Ukraine war remain inconclusive.nL4N3X01EFO/R EMERGING MARKETS For the top emerging markets news, double click on nTOPEMRG AFRICA STOCKS For the latest news on African stocks, click on .J SOUTH AFRICA MARKETS The South African rand started the week on the front foot on Monday, helped by stronger global risk appetite linked to growing expectations of a Federal Reserve interest rate cut next month.nL1N3X003R NIGERIA DANGOTE REFINERY Nigeria's Dangote has tapped Honeywell HON.O to provide services and help double its refining capacity to 1.4 million barrels per day by 2028, in what is the clearest indication yet that its plans to become the world's largest petroleum refinery are bearing fruit.nL4N3X015I NIGERIA PETROLEUM COMPANY Nigeria’s state oil company NNPC Ltd said on Monday it recorded a net profit of 5.4 trillion naira ($3.6 billion) in 2024, up 64% from a year earlier.nL8N3X00YI TANZANIA PORT Tanzania will start construction of a new port in the east of the country in December, a senior government official said, ending a decade of delays due to government objections to the initial contract terms agreed with foreign developers.nL8N3X0056 GHANA CENTRAL BANK Ghana's central bank is considering another interest rate cut after inflation fell faster than anticipated, leaving real borrowing costs at elevated levels that could constrain the economy's recovery, the central bank governor said on Monday.nL8N3X01CG IVORY COAST COCOA Cocoa arrivals at ports in top grower Ivory Coast had reached 618,000 metric tons by November 23 since the start of the season on October 1, down 3.9.% from the same period last season, exporters estimated on Monday.nL8N3X00DA MOZAMBIQUE NATURAL GAS Mozambique has granted its top state-owned companies, including national oil firm ENH, a 30-year concession to build and operate natural gas facilities at the Port of Beira and the smaller Inhassoro site, the government said on Monday.nL8N3X009A For the latest precious metals report click on GOL/ For the latest base metals report click on MET/L For the latest crude oil report click on O/R |
(Compiled by Nairobi Newsroom)
((nairobi.newsroom@thomsonreuters.com))
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