Author: The Editorial Team

LAGOS (Capital Markets in Africa)  – Nigeria’s economy has fully recovered from a recession in 2016, President Muhammadu Buhari said in a nationally televised speech before Saturday’s general elections in which he is seeking a second four-year term. “The recovery of the economy from recession is complete and Nigeria is back on the path of steady growth,” Buhari, 76, said. Gross domestic product in Africa’s largest oil producer and most populous nation expanded 1.9 percent last year,…

LAGOS (Capital Markets in Africa) – Amina Sanusi was getting ready for morning prayers at her home in northeastern Nigeria when she heard gunshots and explosions. She scrambled into nearby bushes with her two children, but lost contact with her husband. Government soldiers in the fishing town of Baga on the shores of Lake Chad fled too, overwhelmed by the firepower of Islamist militants. Like thousands of others since an upsurge in attacks that started…

LAGOS (Capital Markets in Africa) – Almost every Nigerian vote since independence in 1960 has been dogged by varying degrees of conflict and allegations of rigging. That’s one reason why the 2015 election that saw Muhammadu Buhari, now 76, become the first candidate in the nation’s history to topple a sitting president through the ballot box was such a watershed moment. But the former military ruler has presided over four years of lackluster growth and fallen short on…