The Debt Management Office (DMO), says the sovereign Sukuk represents a promise kept and a step forward in Nigeria’s drive for the development of infrastructure. According to DMO, this is in line with the Economic Recovery and Growth Plan (ERGP). DMO, in a statement posted on its website on Monday in Abuja, said that Sukuk was a financing instrument that was very appropriate for the development of infrastructure.

Petroleum dealers under the aegis of Depot and Petroleum Products Marketers Association of Nigeria (DAPMMA) and Major Oil Marketers Association of Nigeria have debunked media reports that they have commenced sacking of workers as a result of the delay in the payment of their N650bn owed by the Federal Government.

Bitcoin dropped more than 6 percent over two hours Monday, below $7,000 as the April tax-filing deadline approaches.

The cryptocurrency hit a low of $6,705.78 as of 9:27 a.m. ET Monday, according to data from CoinDesk. Bitcoin prices have fallen more than 27 percent over the past month.

Tax-related selling has been a key driver of this month's sell-off, according to some analysts.

The Vice President, Transsion Holdings, parent company of Tecno Mobile, Mr Andy Yan on Thursday said Nigeria remains the biggest economy and market in Africa despite some challenges.

Mr. Yan made the assertion in Lagos at Tecno’s Global Spring Launch, where the company launched the Camon X Smartphone. He said Nigeria had provided a huge market for the organisation in spite of challenges of fluctuating foreign exchange.

Angola has recouped $500 million that was frozen in an HSBC Holdings Plc account in London linked to an alleged fraud involving Jose Filomeno dos Santos, the son of the former president, the Finance Ministry said.

The funds were part of $1.5 billion that the Angolan government was to pay Mais Financial Services, a company managed by a person close to Dos Santos, for the start-up of a $35 billion strategic investment fund for state projects and another that would place $300 million weekly in the local-currency market, the ministry said in an emailed statement Monday.

In August, the southern African nation paid the funds into the HSBC account held by PerfectBit, a company contracted by Mais. The ministry then conducted a due-diligence exercise and found that PerfectBit was a dormant company, it said. Former central bank Governor Valter Filipe da Silva then asked HSBC to freeze the funds held in the account.

Zimbabwe wants mining companies operating in the country to list the majority of their shares on the local exchange as the nation with the world’s biggest platinum reserves after South Africa seeks to boost investment.

“No mining right or title shall be granted or issued to a public company unless the majority of its shares are listed on a securities exchange in Zimbabwe,” the government said in the Mines and Minerals Bill before Parliament, received by email Thursday. Companies that are seeking mining rights and are already listed on a bourse outside the nation must notify the mines minister, and 85 percent of the funds from the local listing must be used exclusively to develop the local right, it said.

Crude climbed by the most in more than two weeks amid a weaker dollar and easing concern that a trade war will break out between the U.S. and China.

Futures jumped as much as 1.6 percent in New York as the dollar dipped, boosting oil’s appeal as a store of value. As investors evaluate the ongoing tensions between U.S. and China, President Donald Trump predicted the Asian nation will be first to buckle amid an escalating trade dispute between the world’s two largest economies. U.S. equities climbed.

“We’ve got the U.S. dollar taking a bit of a correction,” said Bart Melek, head of global commodity strategy at TD Securities in Toronto. At the same time, “I get the feeling that the narrative is going to shift here with the trade situation, where I think people are trying to walk back some of the more aggressive rhetoric that we’ve seen.”

Libya’s National Oil Corporation (NOC) said on Wednesday it had signed a deal with French building and engineering group Artelia to manage the development of its offices in the eastern city of Benghazi.

There have been plans for years to move the state oil firm’s headquarters from the capital Tripoli back to Benghazi, but it remains unclear when such a transfer could happen.

NOC did not say when the complex would be built.

The Spokesman of Nigerian National Petroleum Corporation (NNPC), Ndu Nghamadu has explained why the corporation has failed to make public the report of the recently completed up-to-date auditing of accounts. The Corporation in a statement issued on Sunday said it has completed the outstanding audit on its financial statements from the years 2011 to 2016, but it failed to make them public.

Bitcoin dropped below $7,000 on Wednesday as the price of several major digital currencies fell. The world's largest cryptocurrency by market value fell as low as $6,870, according to data from industry website CoinDesk, which tracks the price across a number of exchanges.
Mati Greenspan, senior market analyst at eToro, said that the move was less correlated to recent fears of a global trade war and more associated with traders evaluating the assets in their portfolio and trying to assign value to them.