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Nigeria's President Buhari and Vice-President Osinbajo declare assets ABUJA,: Nigerian President Muhammadu Buhari owns five homes, two mud huts and has $150,000 in his bank account, the presidency said late on Thursday, as the head of state and his deputy honoured a promise to declare their assets to demonstrate transparency. Buhari, a 72-year-old former military ruler, owed his March election victory in large part to his campaign promise to fight corruption which he estimates has seen $150 billion being stolen from state coffers in the past decade. Taking public office in Nigeria has traditionally been seen as an opportunity for officials to enrich themselves. Buhari's spokesman, Garba Shehu, said documents submitted by the president to the Code of Conduct Bureau (CCB) showed that Buhari owned shares in Berger Paints, Union Bank and Skye Bank. The papers also revealed that Buhari also has an orchard, a ranch and farmland on which he keeps 270 head of cattle, 25 sheep, ...

Car bomb wounds six Egyptian policemen in Cairo CAIRO: A car bomb wounded six Egyptian policemen Thursday as it exploded in front of a police building in Cairo, the interior ministry said, the latest in a wave of militant attacks that has rocked Egypt.The powerful blast in northern Cairo's district of Shubra came in the middle of the night, an AFP journalist said, as Egyptian security forces are being targeted by Islamic State militants waging an insurgency."A man suddenly stopped his car in ...
South Sudan govt refuses to sign peace as sanction deadline ends ADDIS ABABA: South Sudan's government refused to sign a peace deal with rebels Monday despite the threat of international sanctions, but will return to finalise an agreement within 15 days, mediators said.Rebel chief Riek Machar however said he had signed a deal, and called on President Salva Kiir to join."It was an opportunity for us to end the war," Machar said."We call on President Kiir to reconsider his position so that they can sign and ...
Four dead, more than 20,000 affected by Niger floods: UN NIAMEY: At least four people have died and more than 20,000 have been affected by floods in Niger caused by weeks of heavy rain, the United Nations said Friday.The bad weather has destroyed 2,170 homes and flooded nearly 545 hectares of agricultural land, the UN's Office for the Coordination of Humanitarian Affairs (OCHA) said in a statement.Around 3,100 displaced victims are currently living in schools or have been taken in by host families, the agency ...
Guinea-Bissau president dissolves govt after row with PM BISSAU: Guinea-Bissau's President Jose Mario Vaz has dismissed the government following a row with the prime minister, a presidential decree said on Thursday. "The government headed by Prime Minister Domingos Simoes Pereira has been dissolved," it said.The west African country, which returned to civilian rule last year, has been plagued by coups since independence from Portugal in 1974.Copyright AFP (Agence France-Presse), 2015 ...
At least 47 dead in market bomb blast in NE Nigeria KANO: At least 47 people were killed and dozens wounded in a bomb blast Tuesday in a part of northeast Nigeria frequently targeted by Boko Haram militants, a medical source and witnesses said.The explosion ripped through the weekly market in the village of Sabon Gari, around 135 kilometres (85 miles) south of Borno state capital Maiduguri, during peak trading around 1:15 pm (1230 GMT), the sources said."We have received at least 47 dead bodies and ...
South Africa to review visa rules that hit tourism PRETORIA: South African President Jacob Zuma said on Tuesday ministers would review new visa rules that have hit tourism and stoked tensions within the ruling party. Last year South Africa implemented regulations requiring visitors to provide biometric data when applying for visas, a problem for people in large countries like China, which only has South African consulates in Beijing and Shanghai. Further rules implemented in June require parents to carry unabridged birth certificates for their ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln