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Want to run for president of Nigeria? Only $132,000 LAGOS: Nigeria's main political parties are charging eye-watering fees from election hopefuls, in a move condemned as undemocratic and a breeding ground for high-level cronyism and corruption.Supporters of President Goodluck Jonathan pooled their resources to stump up the 22 million naira (132,000 dollars) to buy his nomination form from the ruling Peoples Democratic Party (PDP).The main opposition All Progressives Congress (APC) is asking for 27.5 million naira, forcing one prospective candidate, former military ruler Muhammadu Buhari, to take out a bank loan.For governorship posts, the PDP is asking for 11 million naira while the APC wants 10 million naira -- all before anyone is even chosen to run at the elections next year. Candidates for parliamentary elections are also having to pay huge sums of cash, far outstripping the fees charged elsewhere in West Africa.Political and legal analysts say the exorbitant rates in Nigeria are illegal, discourage popular participation in ...

Ebola aid plan needs to go beyond medical care: ECOWAS ACCRA: West Africa's regional bloc on Friday called for international help to go beyond immediate medical care for Ebola-hit nations, warning that lives had been blighted by the epidemic.The Economic Community of West African States (ECOWAS) said among issues that needed to be addressed were the needs of children orphaned by the disease and the economic impact of the crisis.Regional and international responses to Ebola should "extend beyond the obvious and tangible needs", said Ghana's ...
Burkina army wants to hand over power within two weeks: unions OUAGADOUGOU: Burkina Faso's army wants to hand over power within two weeks, labour unions said on Tuesday, as international pressure mounted for a speedy transition after the fall of president Blaise Compaore.Isaac Zida, the interim leader appointed by the military, made the pledge a day after African nations gave the country a fortnight to return to civilian rule or face the threat of sanctions.The presidents of Ghana, Nigerian and Senegal were also due to arrive ...
At least eight more said killed in bloodsoaked DRCongo region GOMA: At least eight people were killed overnight in new violence in the restive east of the Democratic Republic of Congo, an umbrella group of non-governmental organisations said Sunday.The slayings in the city of Beni added to more than 110 deaths counted in the region since last month. Ugandan Muslim rebels using machetes and clubs were blamed for the bloodshed.DR Congo officials were not immediately contactable to confirm the report of the latest killings, which ...
Ecuador court clears way for Correa third term QUITO: Ecuador's Constitutional Court gave lawmakers the green light on Friday to set new rules on term limits that would allow President Rafael Correa to extend his rule beyond 2017.The court said parliament may pursue amendments tabled by 16 deputies, including one that tweaks term limits to all elected offices, reports said.Ecuadoran lawmakers issued the proposals, which would allow presidents to seek unlimited terms, following a request from leftist leader Correa.In office since 2007, Correa ...
A term too far for plotter Compaore OUAGADOUGOU: Blaise Compaore, the long-serving president of Burkina Faso, took power in a coup in 1987 but quickly swapped the "democratic revolution's" Marxist ideals for authoritarian rule.The 63-year-old may have been re-elected four times since 1991, but it was often with dubious percentages of the vote.And it was his bid to extend his rule beyond three decades that led to his political downfall, as hundreds of thousands descended on the streets this week to demand ...
South Africa's high jobless rate reflects rigid labour market PRETORIA: South Africa's high unemployment rate is reflective of a rigid labour market, the central bank's Lesetja Kganyago said on Friday. "The nature of unemployment in South Africa is emanating from the structural constraints that we are facing and there is pretty little that monetary policy could do to sustainably bring down unemployment," Kganyago, who will take over as central bank governor next week, told a conference in Pretoria. "There are rigidities in our own ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 15, 2014
Reserves $13.922 bln