Nigeria’s FDI inflow hits $233.3mn in May
19 July 2022 | 5:06 am
Nigeria attracted about $223.3 million as foreign direct investments in the first five months of this year. Niyi Falade, Group Executive Director of Custodian Investment, joins CNBC Africa for more.
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.
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.
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.
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