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  • ABUJA, Nigeria Feb 6- In late 2013, Nigeria's then central bank governor Lamido Sanusi wrote to President Goodluck Jonathan claiming that the state oil company had failed to remit tens of billions of oil revenues it owed the state. Before he was sacked, though, the central banker submitted to Nigeria's parliament more than 300 pages of documentation in support...

  • Why Nigeria's presidential election is 'significant'

    Manji Cheto, vice-president of Teneo Intelligence, says there is a "protest vote" in favor of the opposition and if there is a successful handover of power after the presidential election, it could be "significant" for African democracy.

  • Next stop for Islamic finance… Africa? Wednesday, 4 Feb 2015 | 10:14 AM ET
    Jankara market, located on Lagos Island and the skyline of Lagos, Nigeria.

    The U.K. and Hong Kong opened their doors to Islamic finance with high-profile sukuk debuts in 2014. This year, Africa might create market waves.

  • Nigerian elections: Who could win   Thursday, 29 Jan 2015 | 5:00 AM ET
    Nigeria elections: Who could win

    Osita Benjamin Chidoka, minister of aviation in Nigeria, talks to CNBC about the upcoming presidential elections and the impact of oil prices on the economy.

  • JOHANNESBURG, Jan 27- Wrapping up a monetary policy speech last week, Nigerian central bank governor Godwin Emefiele declared that the naira, which has crumpled to 190 to the dollar with the drop in oil prices, was "appropriately priced". However, when currency dealers in Lagos and other financial centres in Africa and Europe got to work the next morning and turned...

  • Suspected Boko Haram militants attack Nigeria city Sunday, 25 Jan 2015 | 8:14 AM ET

    Suspected Boko Haram militants attacked Nigeria's major northeastern city of Maiduguri and the town of Monguno on Sunday, sources said.

  • Nigerian banks: Top pick for emerging markets?   Friday, 16 Jan 2015 | 2:15 AM ET
    Nigerian banks: Top pick for emerging markets?

    Ronak Gadhia, Africa equities analyst at Exotix, says Nigerian banks have great growth prospects and could be a good investment for people looking at the African market.

  • Cramer: What's behind the meltdown of commodities Wednesday, 14 Jan 2015 | 6:24 PM ET
    Copper

    Jim Cramer sees three major themes that account for the collapse in commodity prices.

  • Recolonizing Africa: A modern Chinese story? Tuesday, 30 Dec 2014 | 5:57 PM ET

    China, one of the world's largest "emerging" investors, is ramping up investment in Sub Saharan Africa as it searches for resources, but whether the benefits are mutual isn't clear.

  • Keep an eye on these emerging market cities Monday, 22 Dec 2014 | 12:00 PM ET
    Vehicle light trails pass the Kingdom Tower on King Fahad Road in Riyadh, Saudi Arabia.

    The fastest growth is not in megacities like Tokyo, but second-tier ones that many Americans have never heard of.

  • Oil price slide hits exporter currencies Friday, 19 Dec 2014 | 1:24 PM ET
    This Feb. 5, 2008 photo shows shift supervisor Ojerinde Kanoru aboard the FPSO Bonga (Floating, Production, Storage and Offloading) facility 75 miles off the coast of Lagos, Nigeria.

    As oil prices have fallen, currencies of developing countries that rely heavily on exports have been sliding.

  • *Brent, U.S. crude fall over $2 a barrel after Wednesday rally. Benchmark Brent and U.S. crude tumbled $2 a barrel each in late trading after initially extending Wednesday's short-covering, which lifted oil prices by more than $3. Some cited a Bloomberg report about a Nigerian port workers union suspending a strike, although workers in that dock union were only...

  • NEW YORK, Dec 18- Global crude prices fell again on Thursday, a day after a short-covering rally, as traders placed new bets that the market would resume a six-month rout on worries about a supply glut. But in late morning trade in New York, benchmark Brent and U.S. crude fell more than $1 a barrel to session lows. "We're continuing to search for a bottom, and might even see...

  • Nigeria central bank saving 'for a rainy day'   Thursday, 18 Dec 2014 | 11:40 AM ET
    Nigeria central bank saving 'for a rainy day'

    Manji Cheto, vice-president of Teneo, explains why the Nigerian central bank has barred banks from dollar holdings.

  • *Governor Godwin Emefiele says wants to stop speculators. LAGOS, Dec 18- Nigeria's central bank has barred banks from holding their own funds in dollars in order to end speculative pressure on the ailing naira currency, the governor said on Thursday. Godwin Emefiele told Reuters in a phone interview that he believed the current naira band, set last month, was "...

  • ABUJA, Dec 17- Nigeria has slashed its forecast for economic growth in 2015 due to the plunge in global oil prices, the finance minister's budget presented to parliament on Wednesday showed. Oil accounts for the bulk of government revenue in Nigeria, but global crude prices have almost halved over the last six months. The 4.3 trillion naira budget is based on a...

  • UPDATE 1-Oil prices slash Nigeria 2015 GDP growth Wednesday, 17 Dec 2014 | 8:51 AM ET

    ABUJA, Dec 17- Nigeria's economy will grow 5.5 percent in 2015, down from an earlier projection of 6.4 percent, due to lower oil revenues, according to the budget the finance minister presented to parliament on Wednesday. The 4.3 trillion naira budget rests on a benchmark oil price of $65 a barrel, down from $77.50 in the 2014 budget, and a significant cut on previous...

  • Ticking time bombs: Where oil's fall is dangerous Tuesday, 16 Dec 2014 | 10:13 AM ET
    Venezuela is one of the nations most threatened by civil unrest resulting from low oil prices. The Latin American nation has already experienced discord this year, as shown in this image of protesters in Caracas in February.

    Lower oil prices are good for some countries and bad for others. In a few, things could get ugly.

  • Cramer Remix: How you'll know when oil's bottomed Friday, 12 Dec 2014 | 7:15 PM ET
    Jim Cramer on Mad Money.

    "Mad Money" host Jim Cramer is looking for some specific signals to spot the end of the slide.

  • Cramer's guide to ending oil's hemorrhage Friday, 12 Dec 2014 | 6:42 PM ET
    Workers use machinery to move drill sections on the drilling floor of the oil derrick in the Salym Petroleum Development oil fields near the Bazhenov shale formation in Salym, Russia.

    What the heck is going on with oil? Jim Cramer can't take the slow death of oil anymore. He shares his guide to navigating this nasty commodity.