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
Nigerian foreign-exchange controls undermining Buhari political reforms and making country ‘uninvestable’
Nigeria has a pretty powerful political and governance reform story, but's being undone by a very repressive economic policy
In March prices at the pump were at their highest level since the country’s National Bureau of Statistics began compiling such data in June 2014
The Buhari government wants to raise as much as $1 billion in international capital markets
Some spent the night in their vehicles waiting in the queue outside a filling station. Paramilitary officers shot dead black market petrol sellers
Egypt allowed the biggest one-time depreciation of the pound since 2003, as Nigeria doubled down on capital controls to shore up the naira
Nigerian probe finds contractors stole over $618 million; now Buhari government wants the money back
The crimes commission has been ordered to investigate some of the 300 contractors to determine if another 75 billion naira should be recovered
Egypt, Nigeria and S. Africa - Africa's big economies - struggle to stay on course. But there's good news
Macroeconomic crises in Africa are "largely caused by internal policy blunders", and not even so much by external forces. That means they are fixable
Africa’s biggest economy is slowing to a halt, and now there are whispers of a recession
Zuma woos Buhari as Africa's biggest rivals try to make up but it could be too late—the ground is shifting under them
Even as the two jostle for regional supremacy as the natural leader of the continent, there are dark horses fast coming up on them.
The country’s stock market index posted best week in three years on a stable growth outlook as rivals falter
New factories performed successfully across Africa, and in Nigeria increased sales against the worst economic crisis the country has faced in years
“There are importers looking for dollars at all costs to keep their businesses going”
“The situation is worsening...People are buying dollars that they need in the next one year”
The company will build two new plants in Nigeria within three years, and has got the green light to start building a plant in Nepal
Why must the priority be foreign “investors” who must receive their incredible returns at the expense of Nigeria, and domestic speculators in dollars?
It was a bigger reduction than forecast by seven 20 economists surveyed, while the rest predicted the rate would stay unchanged.
Outlook for African currencies: Naira, Rand and Kwacha to weaken further, East African notes to hold steady
For Ghana, the cedi’s “artificial strength” should disappear in early 2016, the analysts predict. And Zambia should "urgently" go to the IMF