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Nigeria vote generally credible despite issues: observers ABUJA: Voting in Nigeria's general election was broadly credible despite widespread logistical challenges, domestic and foreign observers said in preliminary findings released on Monday.Nigeria's Transition Monitoring Group (TMG), set up in the late 1990s to coincide with the end of military rule, said Saturday's election "afforded Nigerians a credible opportunity to exercise their right to vote"."Late delivery of materials, a slow accreditation process and the inability of card readers to consistently validate voter's fingerprints posed some challenges," TMG said in a preliminary report based on findings from 1,500 polling stations monitored.But it added: "These issues did not systematically disadvantage any candidate or party."Political campaigning has been closely run between President Goodluck Jonathan and former military ruler Muhammadu Buhari in what is the first serious opposition challenge in the country's history.Separately, the African Union praised the conduct of the polls but urged political parties to go to court to resolve any ...

Polling stations re-open in Nigeria after voting extension LAGOS: Voters unable to cast their ballot because of technical problems in Nigeria's general election returned to the polls on Sunday, as the main parties traded blows over the use of the technology.The country's electoral commission said some 300 of the 150,000 polling stations would be open from 0700 GMT to accredit voters after handheld devices to read biometric identity cards failed.Nigeria's ruling Peoples Democratic Party (PDP) called the situation a "huge national embarrassment" after ...
UN chief will discuss Yemen crisis with Arab leaders SHARM EL-SHEIKH: UN Secretary-General Ban Ki-moon told al-Arabiya television on Friday he would discuss the crisis in Yemen with Arab leaders attending a March 28-29 summit in Egypt. "I will discuss the Yemen crisis with Arab leaders in Sharm El-Sheikh including (Saudi Arabia's) King Salman," he said through an Arabic translator.Copyright Reuters, 2015 ...
Egypt says air force, Navy join in Yemen intervention CAIRO: Egypt's air force and Navy are participating in a Saudi-led intervention against Shia Huthi rebels in Yemen, the presidency said in a statement on Thursday.The government had previously said it would be prepared to commit ground troops as well if required.Copyright AFP (Agence France-Presse), 2015 ...
Chad's UN envoy says Boko Haram 'more dangerous' than IS UNITED NATIONS: Chad's UN envoy on Wednesday voiced frustration over Security Council inaction on endorsing a regional force fighting Boko Haram, arguing that the Nigerian extremists are "more dangerous" than Islamic State fighters.Ambassador Mahamat Cherif told reporters that a draft resolution circulated last week to the 15-member council had hit a wall over a key provision invoking chapter 7 of the UN charter."I think Boko Haram is more dangerous than ISIS," said Cherif, using the ...
S&P cuts Nigeria to B+ on weak oil, cites political risk ABUJA: Credit agency Standard & Poor's downgraded Nigeria's rating to B+ from BB- on Friday, saying the decline in oil prices in the past seven months had significantly affected the country's finances. Setting a stable outlook on the new rating, it also said political risk was a significant factor while the country's non-oil sector would support economic growth. Nigeria holds a presidential election on March 28 when Goodluck Jonathan will seek another term. He faces ...
DR Congo groups seek stronger UN presence ahead of polls KINSHASA: Nearly 180 civil society and rights groups have urged strengthened powers for the UN mission in DR Congo to ensure peaceful elections due in November and help end unrest in the country's volatile east. The appeal by the 179 groups came just ahead of the expiry of the UN mission's mandate at the end of the month, and in the wake of political unrest over fears President Joseph Kabila could seek to stay on ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln