Nigeria's central bank has asked banks to submit bids for a "special currency auction" targeting fuel importers to meet demand for matured letters of credit, traders said on Monday. Traders said the central bank sent a message to banks on Monday to submit backlog dollar demand from fuel importers by 15:00 GMT for a special intervention. Nigeria consumes 45 million litres of gasoline a day, or roughly 280,000 barrels, which would require the market to provide some $18 million a day.
Linking aid for countries in the Middle East and Africa to how they manage migration can create dangerous precedents, the top United Nations' refugee official warned the European Union on Monday. Under the most prominent of such collaboration, it promised Turkey an initial 3 billion euros in aid for Syrian refugees living there, accelerated EU accession talks and visa-free travel to Europe for its citizens. In exchange, Ankara has increasingly prevented people from leaving its shores for Greece, which was the main gateway to Europe last year but is now much less active.
A Russian army medic was killed Monday and two others seriously injured in rebel shelling of a field hospital in Syria's Aleppo, Russia's defence ministry said, blaming Western nations who support rebel fighters. "As a result of a shell directly hitting the reception area of the hospital, one Russian female military medic was killed," Russian defence ministry spokesman Igor Konashenkov said in a statement. Konashenkov said the attack had "undoubtedly been carried out by 'opposition' fighters" and laid the blame at the door of Western nations -- including the US, Britain and France -- that have backed those fighting its ally, Syrian leader Bashar al-Assad.
By Karolin Schaps LONDON (Reuters) - Brent crude oil prices rose above $55 a barrel on Monday, trading at a fresh 16-month high, on rising prospects of a tightening market after OPEC members agreed on a landmark deal to cut production last week. WTI crude oil traded up 50 cents, also 1 percent, at $52.18 a barrel. "OPEC sentiment continues to support oil markets.