Cement tycoon fell 25 places on the Bloomberg Billionaires Index as the naira fell on its first day of trading without a peg to the US dollar
Investment into Nigeria has shriveled as foreigners are deterred by capital controls
Investment into Nigeria has shriveled as foreigners are put off by capital controls needed to defend the currency’s peg
Full-year profit dropped 73%. After expanding into more than 30 African countries, bank has said it’s time to consolidate its holdings
The Buhari government wants to raise as much as $1 billion in international capital markets
Buhari will travel on to Qatar. Analysts says its probable Nigeria could establish a bridge for negotiations between rivals Riyadh and Tehran
Among past government officials standing trial in the corruption cases include 15 former governors, and four former ministers
President Buhari argued that poverty, injustice and unemployment were the main causes of conflict in the West African giant
Long queues have formed at petrol stations across Nigeria in recent days.
It was a bigger reduction than forecast by seven 20 economists surveyed, while the rest predicted the rate would stay unchanged.
“It’s just saying the obvious. We all know about the reckless abandon with which the last regime carried out its affairs” - lecturer Akintola Owolabi
Nigeria produces just 1.5% of the electricity it needs; lighting it is new president Buhari's big challenge
Exasperated Nigerians dubbed the Power Holding Company of Nigeria the "Please Hold Candle Nearby" company.
There have been occasional crackdowns, like in May 2012, when 45 nationals who were doing retail trade illegally were arrested and deported.