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  • ABUJA, April 15- Oil firms keen to know how Nigeria's president elect Muhammadu Buhari plans to tax them could be waiting a long time as he makes ending corruption and reforming the opaque national oil company his most urgent sector priorities. Four party sources from Buhari's All Progressives Congress told Reuters the issue of fiscal terms, seen as crucial by...

  • *Opposition win is Nigeria's first democratic transfer of power. ABUJA, March 31- Three decades after seizing power in a military coup, Muhammadu Buhari became the first Nigerian to oust a president through the ballot box, putting him in charge of Africa's biggest economy and one of its most turbulent democracies. In the religiously mixed northern city of Kaduna,...

  • ABUJA, March 31- The opposition All Progressives Congress declared victory for its candidate, former military ruler Muhammadu Buhari, in Nigeria's presidential election on Tuesday and said the country was "witnessing history". "This is the first time in Nigeria that a sitting government will be voted out of power using purely democratic means," APC spokesman Lai...

  • ABUJA, March 31- Muhammadu Buhari, an ex-general who first seized power in Nigeria three decades ago in a military coup, closed in on a historic election win on Tuesday which would mark the first time an incumbent has been ousted via the ballot box in Africa's most populous nation. That support compared to 11.3 million for President Goodluck Jonathan, whose five...

  • ABUJA, March 31- Nigeria's opposition contender Muhammadu Buhari held a sizeable lead as counting in the country's election resumed on Tuesday, raising the prospect of a stunning ballot box victory for a man who first came to power three decades ago via a military coup. According to a provisional Reuters tally collated from 31 of Nigeria's 36 states, the 72-...

  • Nigeria elections: What will happen next?   Monday, 30 Mar 2015 | 11:30 AM ET
    Nigeria elections: What will happen next?

    As results for the elections in Nigeria start to come out, Anna Rosenberg, sub-Saharan Africa analyst at Frontier Strategy Group, says the most recent results are "encouraging," and discusses the likely scenarios depending on who wins.

  • What's driving oil prices?   Monday, 30 Mar 2015 | 6:08 AM ET
    What's driving oil prices?

    Insight to tension in the Middle East, and how much events impact the price of oil, with Helima Croft, RBC Capital Markets.

  • Nigeria: Oil price is 'most important thing'   Monday, 30 Mar 2015 | 4:40 AM ET
    Nigeria: Oil price is 'most important thing'

    Oyin Anubi, Sub Saharan Africa economist at BofA Merrill Lynch, talks about the recent elections in Nigeria and how the price of oil impacts the country.

  • Nigeria elections: The counting begins   Monday, 30 Mar 2015 | 4:30 AM ET
    Nigeria elections: The counting begins

    As the votes have been cast in the Nigerian elections, Godfrey Mutizwa, director of research at CNBC Africa, talks about the technical glitches and what will happen next.

  • Nigeria elections: What to expect   Friday, 27 Mar 2015 | 12:40 PM ET
    Nigeria elections: What to expect

    With the Nigerian public heading to the polls shortly, Manji Cheto, political risk analyst at Teneo Intelligence, talks about what to expect.

  • Cramer: Yemen unrest impacts oil like never before Thursday, 26 Mar 2015 | 6:40 PM ET
    People watch as a vehicle that belonged to Shi'ite Muslim rebels burns during clashes in Aden, Yemen, March 26, 2015.

    Jim Cramer sees that Saudi Arabia's launch of military operations in Yemen will have a different impact on oil prices.

  • Dehn: Nigeria will keep rates unchanged   Tuesday, 24 Mar 2015 | 5:30 AM ET
    Dehn: Nigeria will keep rates unchanged

    Jan Dehn, head of research at Ashmore Investment Management, says that the Nigerian central bank's main concern is not to appear as supporting either the currency or the economy more favorably.

  • Private equity investors pile into Africa Tuesday, 17 Mar 2015 | 2:24 PM ET
    Skyline of the business district of Lagos, Nigeria.

    Private equity firms are doing more deals in Africa to tap the continent's growing population and wealth.

  • *In Nigeria, street hawkers seize their chance. ABUJA, March 13- Few Nigerians are applauding the collapse of oil prices, which has hit the economy of Africa's top crude producer hard and hammered its currency, the naira. In other African crude producers such as Angola and South Sudan, the sharp drop in oil receipts has caused the official supply of dollars to dry up,...

  • Upstream's CEO sees opportunities in Nigeria   Wednesday, 4 Mar 2015 | 4:40 AM ET
    Upstream's CEO sees opportunities in Nigeria

    Marco Veremis, CEO of Upstream, explains why emerging markets are important to the company as potential tech hotspots.

  • JOHANNESBURG, March 3- South African retailer The Foschini Group aims to almost triple the number of its stores across the rest of Africa over the next five years, its chief executive said on Tuesday. Foschini is the biggest reseller of Adidas and Nike products in South Africa where it is the No.3 clothes retailer by market value and operates more than 2,000...

  • *Honeywell to invest 50 bln naira in flourmill unit. LAGOS, March 2- Nigerian conglomerate Honeywell group plans to invest 150 billion naira over the next 2-3 years to fund growth across its businesses and will list one or two subsidiaries on the local bourse, its chairman said. Oba Otudeko told the Reuters Africa Investment Summit on Monday that Honeywell, with...

  • *Nestle to export Maggi to Britain, U.S. LAGOS, March 2- Nestle Nigeria's chief executive expects the firm's capital expenditure to slow to its lowest level in five years after a currency devaluation dampened customer spending in Africa's biggest economy. Dharnesh Gordhon told Reuters Africa Investment Summit that consumers in Africa's most populous nation...

  • Oil slide could trigger OPEC emergency meeting Monday, 23 Feb 2015 | 1:38 PM ET
    Oil worker in Iraq

    Members of Opec have discussed an emergency meeting if crude continues to slide, according to Nigeria's oil minister, the FT reports.

  • LAGOS, Feb 13- Nigeria's central bank banned banks on Friday from reselling dollars bought at a currency auction to other banks, dealers said, a move aimed at curbing speculation in the beleaguered naira currency. The naira has crashed through the psychologically important level of 200 to the dollar this week in a rout triggered by weak oil prices and escalating...