Billionaire Johann Rupert’s Richemont weighs De Beers stake as 138-year-old diamond giant searches for a new owner at $1 billion
The Swiss luxury goods group, which owns Cartier and Van Cleef & Arpels, is discussing joining the Global Diamond Consortium, led by former De Beers chief executive Gareth Penny, to acquire Anglo American’s 85% stake in the company, according to a person familiar with the matter
Nigeria weighs reforms to ease crude supply bottleneck holding back Africa’s largest refinery
The proposed changes are expected to be discussed this week as regulators review the country’s domestic crude supply obligation, which requires oil producers to offer crude to Nigerian refiners before exporting it