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African Union: Buhari appointed to champion campaign against corruption

Nigerian President Muhammadu Buhari called on African Union members to strengthen their institutions and set collaboration between law enforcement agencies and anti-corruption bodies in the combat against corruption on the continent. President Buhari made the statement at the African Union (AU) 30th Summit in Addis Ababa Sunday, after he was appointed the champion of this […]

Nigeria to raise $2.5 billion through Eurobonds

Nigeria will raise $2.5 billion through Eurobonds in the first quarter, the Debt Management Office (DMO) said on Thursday. According to the head of the DMO, Patience Oniha, the country will also try to get back into the JP Morgan Government Bond Index (GBI-EM), with improving liquidity in the local currency market. The African most […]

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Nigeria to raise $700 mln from international sources

The Debt Management Office (DMO) of Nigeria on Tuesday said it expects to raise $700 million from international sources as part of a $3.5 billion in borrowing for the 2017 budget. Late last year, Nigerian lawmakers approved the government’s $74 billion expenditure plan for the next three years. President Muhammadu Buhari’s administration has proposed a […]

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Nigeria announces timetable for 2019 elections

The Independent National Electoral Commission of Nigeria has announced the timetable for the 2019 general elections. The presidential and National Assembly elections will be held on Saturday, February 16, 2019, while regional and local elections to elect new governors and local assembly members will be held two weeks later on Saturday, March 2, 2019, INEC […]

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Boko Haram has been defeated – President Buhari

Nigeria’s President Muhammadu Buhari in his End-of-Year address to the nation said that the Boko Haram terror group has been defeated. On Monday, Buhari admitted that there were still “isolated” attacks by the terror group. The president’s claims come weeks after governors in the country approved the withdrawal of $1 billion from the country’s excess […]

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Switzerland to return $321m confiscated funds to Nigeria

Switzerland will soon return to the Nigerian government $321m confiscated from Nigerian dictator Sani Abacha’s clan, Swiss government said on Monday. According to Transparency International, Sani Abacha looted up to $5 billion of public money during the five years he ran Africa’s most populous nation, from 1993 until his death in 1998. He was investigated […]

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Nigeria suicide bombing kills 50 in Adamawa state

At least 50 people have been killed in a suicide bombing in the eastern Nigerian state of Adamawa on Tuesday, local media reported. According to the police, a bomber struck inside a mosque packed with worshippers during morning prayers in the town of Mubi. Some 20,000 people have been killed in Boko Haram’s eight-year insurgency […]

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Nigerian economy grows 1.4% in Q3 2017

Africa’s largest economy grew 1.4 percent year-on-year in the third quarter, the statistics office said on Monday.Data published by Nigeria’s National Bureau of Statistics (NBS) on Monday shows that the economy grew 1.4 in the third quarter of 2017. The new growth signals the start of a permanent turnaround in the country’s economic fortunes after […]

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Buhari presents record $28 billion budget for 2018

Nigerian ailing President Muhammadu Buhari on Tuesday presented a record $28.16 billion budget for 2018 to the National Assembly. Africa’s leading oil producer has been hard hit by falling prices of the commodity, which accounts for the majority of its export revenue. According to the presidential office, the 2018 budget sets a record to revamp […]

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Nigeria: Buhari sacks top officials over missing funds

Nigerian President Muhammadu Buhari on Monday dismissed two top civil servants over graft allegations in Africa’s most populous nation. President Buhari had ordered the sacking of the Secretary to the Government of the Federation, Babachir Lawal, and the Director General of the National Intelligence Agency (NIA), Ayodele Oke, following a review of a panel report […]

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