Nigeria’s external reserves dip below $40bn
29 November 2019 | 6:00 am
At $39.87 billion, traders say Nigeria’s external reserves have crossed the psychological level of $40 billion dollars for the first time this year. Forex Trader at United Bank for Africa (UBA), Nkechi Ezugha joins CNBC Africa for more.
In this article
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.
Analysts say the acute shortage of naira notes caused by the currency redesign policy that has crippled Nigeria in the run up to Saturday’s election may have reduced vote buying by political parties.
Thirteen-year-old Joshua Agboola is a normal teenage boy in many ways. But he's also a tech genius who runs a YouTube channel, a website and several apps. He has a real passion for helping children fall in love with computers and tech.
Bola Ahmed Tinubu, winner of Nigeria's presidential election, will have to face countless issues in Nigeria. On the list: the economy, insecurity and a young, hopeless generation leaving the country. But how will he manage?
The country's top court ordered the government to extend a deadline for citizens to swap old bills for new ones. A judge said the president had behaved like a "dictator" in his rush to carry out the banknote redesign.
An explosion on a Nigerian oil pipeline owned by Shell killed at least 12 people on Friday (March 3), authorities at the scene said, while members of the affected community in Emohua said they feared many more had died in the blast.
There seems to be no respite in the rising cost of airfares for domestic air passengers as airlines say aviation fuel remains at an average of around 800 naira per litre coupled with forex scarcity issues among other operational costs.
49 mins ago
Find these stories and much more when you grab a copy of The Guardian on Saturday.
1 hour ago
Ecuador has witnessed heavy rainfall this year, causing almost 1000 dangerous events of landslides and flooding. The latest landslide buried dozens of homes in the country's Andean region.
1 hour ago
Belarusian leader Alexander Lukashenko called for a "truce" without preconditions in Ukraine while warning about nuclear war.
1 hour ago
The security situation in Haiti has spiralled out of control since the shock assassination of President Jovenel Moise in July 2021, with the country increasingly beset by violence. Today, unrest has reached such levels that the United Nations is being urged to intervene and there has been a total breakdown of governance.
3 hours ago
The US Commodity Futures Trading Commission charged the world's biggest crypto exchange and its CEO Changpeng Zhao with "willful evasion" of US law. Zhao has rejected the allegations against him.