CBN approves N19bn loan to revive cotton production firms
06 November 2019 | 6:00 am
In a bid to improve cotton production capacity in Nigeria, Central Bank of Nigeria (CBN) this week approved a fresh loan of N19.2 billion to fund nine cotton processing plants in the country. President of the National Cotton Association of Nigeria, Anibe Achimugu joins CNBC Africa to discuss what this fund means for Nigeria’s cotton industry.
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Too stylish for political party t-shirts and caps, some fashionistas in Nigeria are donning the colours and faces of their preferred candidates for a presidential election this month. Ahead of the Feb. 25 vote, political rallies have become catwalks for colourful printed fabrics twisted into elaborate dresses, tunics and headscarves.
Presidential elections in Nigeria are usually a two-horse race between the two main political parties. Ahead of this Saturday's polls, our Africa Editor, Georja Calvin-Smith, caught up with the third party candidate Peter Obi, who's threatening to upset the political landscape of Africa's most populous country.
High hopes for change carried Nigeria's President Muhammadu Buhari into office. Eight years later, as his two-term period comes to en end, the West African nation is in tatters. Although it wasn't all bad.
Nigerian voters will choose a successor to President Muhammadu Buhari and a new government on Saturday. The crucial election in Africa's most populous country has been overshadowed by cash and fuel shortages.
Voting is still underway in some parts of Nigeria, hours after the official close of polling stations. Attacks and acts of vandalism prevented some voters from casting ballots for a new president and government.
Nigerians are still waiting for a clear picture to emerge after a general election initially scheduled on finish on Saturday. The surprise third serious contender for the presidency scored a significant win in Lagos.
Nigeria's ruling party candidate, Bola Tinubu, was declared president-elect of Africa's most populous nation in the early hours of Wednesday after a weekend election that the main opposition parties have disputed.
For much of his political career, Nigerian President-elect Bola Tinubu has exerted power from behind the scenes, widely regarded as a "godfather" who uses an extensive patronage network to back candidates for office.
Bola Ahmed Tinubu has come out victorious in the Nigeria's highly disputed presidential election. Who is this veteran politician and why is he widely regarded as a kingmaker and "godfather"?
Nigeria’s Obi to challenge election result in court.
Bola Tinubu has the difficult task of uniting the West African nation, as the results of the election highlight how sharply divided citizens are along religious and ethnic lines.
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