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Sat,18Nov2017

Lamido Sanusi

Emir Muhammadu Sanusi II: We have no need for Saudi Arabia and Iran to explain Islam to us

Photo©©Afolabi Sotunde/ReutersAs central bank governor, Sanusi Lamido Sanusi was feted for his attacks on corruption. Now emir of Kano, he has lost none of his zeal for change.

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Nigeria in talks with oil majors to repay debt, invest in refineries

Emmanuel Ibe Kachikwu, Nigeria's Oil Minister and OPEC president Emmanuel Ibe Kachikwu. Photo©ReutersThe head of Nigeria's state oil firm, Emmanuel Ibe Kachikwu says the west African country is in talks with oil majors and banks to raise capital for new drilling and to repay up to $4 billion in debt that the state oil firm has accumulated over years of mismanagement.

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Investment: Nigeria planning $25 bn infrastructure and energy fund

File photo©ReutersNigeria plans to set up a $25 billion infrastructure fund to invest in the transport and energy sectors in Africa's most populous nation, a spokesman for Vice President Yemi Osinbajo said on Thursday.

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Nigeria: Ex-oil minister, Diezani arrested

Diezani Alison-Madueke was oil minister during president Goodluck Jonathan's administrationNigeria's former oil minister Diezani Alison-Madueke was arrested in London on Friday, a source from Nigeria's presidency circle and another with links to her family said.

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Nigeria: Step up, New guys

Photos© Ahmed Jallanzo/EPA/MaxPPPAfrica's new largest economy has only a fifth of its rival South Africa's share of the banking wealth. So there's room for ambitious talent to get in there and start innovating. With the emphasis on good governance, a prescience for global headwinds and technological agility, the new leaders will be cut from a very different cloth to their venerated elders

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Hope after the Naija revolution

Nigeria's President-elect Muhammadu Buhari. Photo©ReutersBuhari's test is to show he can run a democratic and multi- faith country at a time of polarisation elsewhere.

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Nigeria’s high-tension vote

Photo©Bulent Kilic/AFP/Isaac Emokpae@IEP/Youtopia/Mark Chilvers for TARThe big risks will not stop on election day, and that is prompting some bold thinking in Nigeria.

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Nigeria elections: Jonathan must not sack INEC boss

Professor Attahiru Jega. Photo©Thomas Saater for TARPublic opinion is already at boiling point over postponed elections. President Jonathan must resist the temptation to sack electoral commission boss Professor Jega, or risk pushing the country over the edge.

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The Paris Africa rally

If ever there was a time for a unity march against terror, it is now in Nigeria in the election season.

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Finance: Domestic demand and long-term money

Photo©Sven Torfinn/Panos-ReaAfrica has a newfound resilience and attractiveness independent of commodities, and the global context, while tough, is not uniformly negative.

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Two big men take a bow

Now that African leaders have told the EU what they really think about the Economic Partnership Agreements, the battle to replace AfDB chief, Donald Kaberuka is at full throttle. And with Lamido Sanusi out of the picture, there's everything to play for.

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Nigeria's currency devalued by 8 percent amid oil price slump

Photo©ReutersNigeria's central bank devalued the naira by 8 percent and raised interest rates sharply on Tuesday, as it sought to stem losses to its foreign reserves from defending the currency against weaker oil prices.

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Nigeria: Call to fight Boko Haram gets mixed reaction

An influential Nigerian Muslim leader's calls for people to take up arms against terrorist group Boko Haram has received mixed reactions.

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Nigeria must boost foreign exchange reserves before cutting rates

Central Bank Governor Godwin EmefieleNigeria's central bank needs to increase its foreign exchange reserves before conditions would be suitable for a rate cut, and a cut is unlikely before presidential elections next year, one of the bank's deputy governors said on Wednesday.

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Nigeria: 2015 elections, missing money, and an eagle eye

Godwin Emefiele, CBN governorNigeria's central bank has vowed to closely monitor the financial activities of politicians who will seek public office during next year's elections.

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U.S. investor seeks to stop sale of Nigerian bank Mainstreet

A U.S. court has summoned representatives of a body set up to manage Nigeria's rescued banks in a dispute with U.S. financial firm Intangis Holdings, which says Nigeria has ignored its right to buy one of the nationalised lenders.

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New challenges for Nigeria's new central bank chief

Godwin Emefiele, Nigeria's Central Bank GovernorNigeria's new central bank chief Godwin Emefiele took office on Tuesday with a mandate to ward off pressure to devalue Nigeria's currency and manage rising inflation.

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Nigeria's business scorecard

Abuja, seat of political power in Nigeria, has promised a great deal to the business community. Photo©George Osodi/PANOS-REAFollowing the Nigerian government's announcement that the country has the largest gross domestic product in Africa, The Africa Report talked to investors and politicians to evaluate its performance in five key sectors.

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Stepping stones, quagmires and capacity

The most powerful man in Africa's second-richest country is establishing new depths of ineptitude. How he expects to be taken seriously at the great international summits of 2014 is the stuff of bemused speculation.

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Nigeria economy overtakes South Africa to become Africa's number 1

Nigeria has overtaken South Africa as Africa's largest economy after a rebasing calculation nearly doubled its gross domestic product, data from the statistics office showed on Sunday.

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