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  • Nigeria tech enclave springs up in Lagos suburb Monday, 27 Jul 2015 | 7:52 AM ET

    LAGOS, July 27- At first glance, Yaba is like many other parts of Nigeria's sprawling commercial capital: a cacophony of car horns and shouting street vendors, mingling with exhaust fumes and the occasional stench of sewage. But in between the run-down buildings in this seemingly inauspicious part of Lagos, a city of around 21 million, tech start-ups are taking...

  • DIARY-Emerging Markets Economic Events to Aug 4 Tuesday, 21 Jul 2015 | 8:01 PM ET

    PRETORIA- South African Reserve Bank interest rate decision- 1300 GMT. ANKARA- Central Bank of Turkey to hold monetary policy committee meeting to set interest rates. JERUSALEM- Bank of Israel interest rate decision- 1330 GMT.

  • ABUJA, July 14- The four grey towers that form the headquarters of Nigeria's state oil company in the dusty capital, Abuja, feature tinted windows as opaque as the organisation inside, accused of failing to account for tens of billions of dollars. President Muhammadu Buhari, the 72- year-old sandal-wearing ascetic who swept to power this year on an...

  • JOHANNESBURG, July 10- The Nigerian government's ambitions for improving electricity supplies are "not remotely realistic", a report by experts advising the presidency says, an early blow to one of President Muhammadu Buhari's most important reform promises. Chronic power shortages are one of the biggest constraints on investment and growth in Africa's...

  • *Good African plans cafes in Washington, London. From his outlets in Kampala, Rugasira wants to expand his Good African Coffee cafes to Washington DC, London, and other African capitals. The idea is to sell cappuccinos and lattes with a' Made in Africa' story to draw customers who might otherwise go to America's Starbucks or Britain's Costa.

  • ABUJA, July 1- Nigeria should merge its debt-laden airlines and create a national carrier in partnership with a global airline to boost revenue and create jobs, a ruling party strategy report seen by Reuters on Wednesday shows. Muhammadu Buhari, who was sworn in as president of Africa's top oil producer and biggest economy on May 29, is considering...

  • JOHANNESBURG, June 29- Packed tightly at a row of graffitied desks in an overcrowded classroom, students at Masiqhakaze Secondary School near Johannesburg shiver as a chilly breeze blows through broken windows. In a 2015 report the World Economic Forum ranked South Africa last in the quality of mathematics and science education and close to last at 139 out of...

  • Nigeria starts investigating crude oil swap contracts Saturday, 13 Jun 2015 | 4:16 AM ET
    A worker inspect facilities on an upstream oil drilling platform at the Total oil platform at Amenem, 35 kilometers away from Port Harcourt in the Niger Delta in 2009.

    Nigeria is probing whether it was short-changed by deals to swap crude for refined products, the state oil company, traders and a security source said.

  • Nigeria starts investigating crude oil swap contracts Saturday, 13 Jun 2015 | 2:32 AM ET

    ABUJA, June 13- Nigerian authorities have launched an investigation to determine whether the government has been short-changed by a state oil company scheme to swap crude for refined products, the company, three oil traders and a security source said. The contracts, known as offshore processing agreements are between Pipelines and Product Marketing Co, a...

  • Blackstone hire part of big Nigeria push Thursday, 11 Jun 2015 | 3:26 PM ET
    Lamido Sanusi, former governor of Nigeria's central bank.

    Blackstone Group has strengthened its ties to Nigeria, the West African country where it could put big money to work.

  • Twitter gave Nigeria an early Ebola warning Friday, 5 Jun 2015 | 1:38 PM ET
    Red Cross workers carry away a person suspected of dying from Ebola, in the Liberian capital Monrovia, on October 4, 2014.

    Twitter may be able to help control disease outbreaks even in developing countries in Africa, a study suggests.

  • Diamond: Africa is a very exciting opportunity Wednesday, 3 Jun 2015 | 11:45 AM ET
    Diamond: Africa is a very exciting opportunity

    Bob Diamond, founder of Atlas Mara and former chief executive of Barclays, discusses investing in Africa.

  • Will President Buhari turn Nigeria around? Monday, 1 Jun 2015 | 2:20 AM ET
    Will President Buhari turn Nigeria around?

    Amy Jadesimi, managing director of Lile, says the Nigerian oil industry will benefit if President Buhari's plans to emphasize rule of law is delivered.

  • *Boko Haram firmly in new leader's sights. ABUJA, May 29- New Nigerian President Muhammadu Buhari promised on Friday to eradicate the "mindless, godless" militants of Boko Haram and rescue hundreds of women and children held captive, including 200 girls taken from the town of Chibok a year ago. In his inaugural address as elected leader of Africa's most populous...

  • *Boko Haram firmly in new leader's sights. ABUJA, May 29- New Nigerian President Muhammadu Buhari vowed on Friday to eradicate the "mindless, godless" militant group Boko Haram and rescue hundreds of women and children held captive, including 200 girls taken from the town of Chibok a year ago. In his inaugural address as elected leader of Africa's most populous...

  • Nigeria’s new president draws up tough to-do list Friday, 29 May 2015 | 12:21 PM ET
    Nigeria's Muhammadu Buhari

    Nigeria's new president was sworn in on Friday and faces a tough battle to diversify an economy reliant on oil and hampered by terrorism and corruption.

  • Nigeria needs to fix these energy issues Friday, 29 May 2015 | 11:40 AM ET
    Nigeria needs to fix these energy issues

    Bolaji Osunsanya, president of the Nigerian Gas Association and CEO of Oando Gas & Power, discusses the issues the new Nigerian president must address in the gas industry.

  • This country needs diesel to run its cellphones Monday, 25 May 2015 | 1:45 AM ET
    Nigeria's Muhammadu Buhari

    Nigeria's leading cellphone provider warns it needs diesel to prevent shutting down services countrywide.

  • 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...

  • 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...