At least 71 people died in a bomb blast at a bus station in rush hour traffic in Abuja this morning in the worst-ever attack to strike Nigeria’s capital.
Attacks by suspected Nigerian Islamic insurgent group Boko Haram killed 217 people in the country’s northeastern Borno state yesterday, a senator representing the region said.
The naira rallied to its strongest level in almost six weeks as Nigeria’s state oil company was said to sell dollars to the local market.
Nigeria’s currency advanced to the strongest level in six weeks as oil companies in Africa’s biggest crude producer sold dollars to the market.
Heineken NV’s Nigerian unit, the nation’s largest brewer, said a possible currency devaluation by the central bank would hurt the company’s earnings, suppressing profit ahead of next year’s elections.
When investment banker Ebele Enunwa moved to Nigeria’s oil industry hub of Port Harcourt more than a decade ago, he was distraught by a lack of places he wanted to eat.
Investors are signaling confidence that Nigeria’s acting central bank governor will hold the line on monetary policy set by her predecessor following his sudden departure last month.
Nigeria’s incoming central bank Governor Godwin Emefiele said a devaluation of the naira would be “devastating” for the economy.
It was really nothing more than a routine afternoon stroll in a Lagos shopping mall. Abiola Rasaq, a 30-year-old equity analyst, took some friends to lunch at Kentucky Fried Chicken and bought a few shirts.
One Thousand & One Voices LLC, an Africa-focused private-equity fund, said it’s in talks about investing in two Nigerian companies and another in Kenya.
"The pilot is so we can very quickly learn and understand how we can better serve the dialogue between our affluent customers and their children."
- Chris Kay on Aug 11, 2010