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  • The African Development Bank said on Tuesday it could consider an additional $400 million for Nigeria to support its growth and recovery efforts and was in talks with the government on how to help it reinvigorate Africa’s largest economy. Source:
  • South African precious metals producer Sibanye-Stillwater confirmed on Wednesday that it had laid off more than 2,000 gold miners as it shuts its loss-making Cooke shafts where illegal mining syndicates have plagued its operations. Source:
  • LAGOS, Nov 1 (Reuters) – Flour Mills of Nigeria plans to sell shares via a rights issue to cut debt and is registering a 70 billion naira ($223 million) bond programme to refinance short-term loans, the conglomerate said on Wednesday. Source:
  • This morning the Supreme Court will hear oral argument in Artis v. District of Columbia, a civil-procedure case that involves the effect of a tolling provision in the federal supplemental-jurisdiction statute on litigants who want to pursue state-court claims after related federal claims have been dismissed. Robert Yablon previewed the case for this blog, and […]
  • The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. – – – – – GLOBAL MARKETS Asian shares hit a 10-year high on Wednesday on the back of solid economic growth globally, while oil prices extended a bull run on hopes that major […]
  • The petitions of the day are: Berninger v. Federal Communications Commission 17-498 Issues: (1) Whether the Federal Communications Commission’s assumption of gatekeeper power over new methods of communication, “in the most important place [] for the exchange of views. . . the ‘vast democratic forums of the Internet,’” violates the First Amendment; (2) whether the […]
  • Guide to Economic Indicators ———————————————————– This Diary is filed daily. ** Indicates new events ———————————————————– WEDNESDAY, NOVEMBER 1 ANKARA – Turkish central bank to release minutes of its November monetary policy committee meeting. THURSDAY, NOVEMBER 2 Source:
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