LAGOS (Reuters) - Nigeria's inflation rate rose to 12.9 percent in April, year on year, driven largely by non-food items and a very price stable comparative month in April last year, data from the National Bureau of Statistics showed on Tuesday. Nigeria - Africa's top energy producer and second biggest economy - is closely watched by emerging market investors and Africa-focused funds. Though its economy is one of the fastest growing in the world and bond yields are attractive, poor fiscal management has had a tendency to build inflationary pressures. The figure compared with a 12. ...

LAGOS (Reuters) - Nigeria is losing nearly a fifth of its revenues to oil thieves, Finance Minister Ngozi Okonjo-Iweala was quoted as saying in the pro-government daily This Day on Tuesday. Oil companies say so called 'bunkering' -- tapping into oil pipelines to steal the crude -- and other forms of oil theft are on the rise in Nigeria, despite an amnesty that was meant to end a conflict there in 2009 over the distribution of oil wealth. "Bunkering is an activity we have to stop," Okonjo-Iweala was quoted as saying. ...