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Nigeria

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  • ABUJA, May 19- Nigeria's central bank kept its benchmark interest rate at 13 percent on Tuesday, stressing the need to preserve foreign exchange reserves that have been depleted in recent months to support a weaker naira. At the bank's first policy meeting since the shock election victory of Muhammadu Buhari, who takes office as president on May 29, Governor...

  • Investment to Nigeria down by a third in first quarter Tuesday, 19 May 2015 | 11:38 AM ET

    LAGOS, Nigeria— Foreign investment to Nigeria fell by nearly a third with the United States a "key driver" of the decline in the first quarter of 2015, compared to the same period last year, the National Bureau of Statistics said. Capital importation to Africa's biggest oil producer totaled $2.67 billion for the opening quarter, the lowest in two years, the bureau...

  • Dozens more children are sick in the Rafi area of Niger state and action must be taken quickly if they are not to suffer irreversible neurological damage, Michelle Chouinard, Nigeria director for Doctors Without Borders, told The Associated Press on Friday. Junior Health Minister Fidelis Nwankwo said Thursday all those newly infected in neighboring Niger...

  • DIARY- Emerging Markets Economic Events to May 28 Thursday, 14 May 2015 | 8:02 PM ET

    Greek Prime Minister Alexis Tsipras, Finance Minister Yanis Varoufakis, Deputy Finance Minister Dimitris Mardas, Economy Minister George Stathakis, Chief Executive of the European Financial Stability Facility and Deputy Director at the European Department at International Monetary Fund Pul Thomsen are among keynote speakers. PRAGUE- The "History of...

  • DIARY- Emerging Markets Economic Events to May 26 Tuesday, 12 May 2015 | 8:02 PM ET

    LONDON- Brazilian Finance Minister Joaquin Levy visits the United Kingdom and holds a press conference- 1645 GMT. SARAJEVO- Sarajevo Business Forum 2015. WASHINGTON- European Central Bank President Mario Draghi will give the Michel Camdessus Central Banking Lecture at the IMF- 0800 GMT.

  • DIARY- Emerging Markets Economic Events to May 25 Monday, 11 May 2015 | 8:02 PM ET

    LONDON- Brazilian Finance Minister Joaquin Levy visits the United Kingdom and holds a press conference- 1645 GMT. SARAJEVO- Sarajevo Business Forum 2015. WASHINGTON- European Central Bank President Mario Draghi will give the Michel Camdessus Central Banking Lecture at the IMF- 0800 GMT.

  • DIARY- Emerging Markets Economic Events to May 21 Thursday, 7 May 2015 | 8:02 PM ET

    BUCHAREST- Romania central bank Governor Mugur Isarescu presents the quarterly inflation report. LUSAKA- Bank of Zambia announces interest rate decision. ACCRA- Central bank of Ghana holds monetary policy meeting.

  • DIARY- Emerging Markets Economic Events to May 18 Tuesday, 5 May 2015 | 8:02 PM ET

    WASHINGTON- Federal Reserve Chair Janet Yellen and International Monetary Fund Managing Director Christine Lagarde participate in " Finance and Society" conversation before the Institute for New Economic Thinking Conference on Finance and Society hosted by the IMF- 1315 GMT. BUDAPEST- Central bank of Hungary publishes April policy meeting- 1200 GMT.

  • LAGOS, April 27- The road leading to the Lagos port, which handles nearly everything that Africa's biggest economy imports, is one of the most congested in a megacity whose traffic jams are legendary. Wide enough to accommodate only two lanes on either side, along it move the goods that Africa's top crude producer uses its huge oil receipts to buy-- everything from...

  • 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,...

  • Nigeria elections: Buhari claiming victory   Tuesday, 31 Mar 2015 | 11:50 AM ET
    Nigeria elections: Buhari claiming victory

    The opposition party led by former military ruler Muhammadu Buhari is claiming victory in the Nigerian presidential vote. CNBC Africa's Godfrey Mutizwa reports the latest results.

  • 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-...

  • All eyes are watching Nigeria's election: Report   Tuesday, 31 Mar 2015 | 4:30 AM ET
    All eyes are watching Nigeria's election: Report

    CNBC Africa's Godfrey Mutizwa, brings you the latest in Nigeria's countdown towards electing a president, and what the results are suggesting so far.

  • Once a darling of emerging market investors, the slump in oil prices mean Nigeria’s economy is seen continuing to slow after this weekend’s elections.

  • 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.