Nigerian millionaires will increase in number by almost 47 percent over the next four years as higher house and stock prices in the West African nation complement a booming economy, according to New World Wealth.
Godwin Emefiele, President Goodluck Jonathan’s choice as Nigeria’s next central bank chief, is an experienced financier who’ll inherit an institution under extra scrutiny after his predecessor was suspended amid a corruption dispute.
Facing a crackdown by Nigeria’s army in cities, Islamist militants are targeting villages in the northeast, killing about 160 people this year in Borno state and signaling there’s no respite in their five-year-old insurgency.
Nigerian troops freed 19 hostages held by militants in the oil-rich Niger River delta yesterday and handed them over to their employers at a military base in the port city of Port Harcourt, a military commander said.
A state government’s plan to tear down waterfront slums in Nigeria’s southern oil-industry hub of Port Harcourt may leave more than 200,000 people homeless, Amnesty International said in a report released today.
The Movement for the Emancipation of the Niger Delta, the main armed group in Nigeria’s southern oil region, blamed the government for the death of one of its former commanders, Soboma George, shot dead by unknown gunmen in the oil hub of Port Harcourt .