Suspected Islamist Boko Haram fighters have abducted dozens of boys and men in a raid on a remote village in northeast Nigeria.» Read More
*African workers traditionally took family as a pension. *Uganda latest country to set up pension scheme. LAGOS, July 24- Like many African workers Olalere Ojedokun's only pension plan was sending his kids to school so they could take care of him in old age, but that changed when Nigeria introduced a contributory pension scheme that it hopes will cover everyone.
LAGOS, July 24- A Liberian man in his 40 s is being tested for the deadly Ebola virus in Nigeria's commercial capital of Lagos, a megacity of 21 million people, the Lagos State Health Ministry said on Thursday.
LIBERIAN MAN IN NIGERIA'S MEGACITY OF LAGOS BEING TESTED FOR DEADLY EBOLA VIRUS, NO RESULTS YET- LAGOS STATE HEALTH MINISTRY.
Kingsley Chiedu Moghalu, deputy governor of the Central Bank of Nigeria, says the troubled security situation in Nigeria does not affect monetary policy decisions.
Islamist terrorism in Nigeria is impeding food production and pushing inflation, a senior central banker in the country warned on Tuesday.
Kingsley Chiedu Moghalu, deputy governor of the Central Bank of Nigeria, says the violence in the country has had very little impact on monetary policy, and discusses China's investments on the African continent.
JOHANNESBURG, July 18- South African pension manager Alexander Forbes priced its stock market listing in the middle of its marketed range on Friday, raising 3.7 billion rand in Africa's second-largest initial public offering this year. The pricing points to fairly strong demand when the company lists on the Johannesburg bourse next Thursday, a trader said.
LAGOS, July 18- Exporters have resumed loading of cocoa shipments in Nigeria's second-largest producing area, Cross Rivers state, after the state government suspended on Friday a levy on bean exports, a trade body said.
*Blast in Lagos port claimed by Islamist militants Boko Haram. ABUJA, July 13- As long as violence perpetrated by Islamist militants was more or less contained in Nigeria's remote northeast, the attitude of many citizens and expatriates in the more prosperous south was a shrug of the shoulders.
Miguel Azevedo, head of investment banking for Africa at Citigroup, says the growth prospects for Nigeria are "very positive" and that the country's economy is no longer oil-dependent.
Nigeria's finance minister Ngozi Okonjo-Iweala, dismisses claims that the Nigerian President Goodluck Jonathan is losing support saying he is in a "strong position".
Nigeria’s future prosperity lies not in oil - but gas, the finance minister of the petroleum-rich country told CNBC.
Nigeria's finance minister Ngozi Okonjo-Iweala, says there is a "real problem" with corruption in Africa's largest economy, but the issue is "sensationalized" by the media.
Nigeria's finance minister Ngozi Okonjo-Iweala, says Nigeria's economy does not just rely on oil and is becoming more diversified.
Dennis Gartman of "The Gartman Letter" says oil traders should keep a close eye on Nigeria.
The U.S. has dispatched similar teams around the world and they have been unable to affect outcomes. The Fiscal Times reports.
Bassim Haidar, founder, chairman and CEO of Channel IT Group, says Nigeria is going through a "transformation phase" and that its growth should double in the next 15 years.
SYDNEY/ JOHANNESBURG, June 19- Australian retailer David Jones Ltd has postponed a shareholder vote on a $2 billion takeover bid from South Africa's Woolworths after Australian billionaire Solomon Lew amassed a stake that could scupper the deal.
*Lack of finance a major hurdle for Africa's development. *World Bank leading program to promote credit bureaus. LUSAKA/ LAGOS, June 17- When Joyce Musonda wanted to start a business two years ago selling kitchen tiles from her backyard in an up-and-coming district of Zambia's capital of Lusaka, she braced herself for a battle to find a start-up loan.
Uju Ifejika, CEO of Brittania-U, discusses how the Nigerian oil industry is looking towards Asia to make up for the loss of exports to the U.S. and highlights what the challenges for the sector are.