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Nigeria’s Buhari defends election outcome, economic record

Nigeria’s Buhari defends election outcome, economic record

NIGERIA'S President Muhammadu Buhari defended his record on the economy and the outcome of a disputed presidential election, saying he was leaving a legacy of credible and fair votes, a day before he hands over power to his successor. Buhari first came to office in 2015 after promising to reboot the economy and end corruption and insecurity, but many Nigerians say these issues have worsened under his watch. Incoming President Bola Tinubu's victory is being challenged by his two closest opposition rivals, and on Tuesday a tribunal will begin to hear the main arguments in the election petition. Buhari, an ascetic 80-year-old retired general,…
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Nigeria commissions Dangote refinery, seeks to end fuel imports

Nigeria commissions Dangote refinery, seeks to end fuel imports

NIGERIA commissioned Dangote Refinery amid hopes of transforming the country into a net exporter of petroleum products, but analysts said securing crude supplies could affect its achieving full production this year. The government of outgoing President Muhammadu Buhari sees the refinery as the answer to Nigeria's repeated fuel shortages, the latest of which hit the country in the run-up to February's disputed presidential election. Nigeria spent $23.3 billion last year on petroleum product imports and consumes around 33 million litres of petrol a day. Dangote's 650,000 barrels per day refinery plans to produce 53 million litres a day. The plant plans to…
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Ahead of Nigeria elections, residents stock-up on food, essentials

Ahead of Nigeria elections, residents stock-up on food, essentials

ABRAHAM ACHIRGA AT a market in Nigeria's northern Kano state customers stocked up on food and essentials, uncertain of the outcome of Saturday's election to choose a new president and lawmakers, in a country where voting has sometimes been followed by violence. Shortages of cash and fuel and the highest inflation rate in nearly two decades have left Nigerians frustrated about the government of President Muhammadu Buhari, who is not on the ballot after serving the maximum two presidential terms. "We don't know what is going to be the outcome of the election so that is why you see everyone trying to come and…
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Nigeria’s Atiku promises unity, economic bounce in final campaign rally

Nigeria’s Atiku promises unity, economic bounce in final campaign rally

NIGERIA'S presidential hopeful Atiku Abubakar said he would bring peace and unity to the country and improve its economic fortunes as he made his final campaign stop. Economic hardships, including the highest inflation in nearly two decades, unemployment and shortages of cash, and widespread insecurity from a long-running insurgency and secessionist violence are among the top concerns for voters going into the Feb. 25 election. The 76-year-old candidate from the main opposition People's Democratic Party is among the top three contenders vying to succeed President Muhammadu Buhari, who steps down after next week's presidential and parliamentary elections. Despite Atiku's national appeal, at…
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Nigeria won’t use 240 new polling units due to insecurity – electoral commission

Nigeria won’t use 240 new polling units due to insecurity – electoral commission

CAMILLUS EBOH NIGERIA'S electoral commission head said that 240 polling centres will not be used in upcoming elections, as no one had chosen them due to insecurity in the surrounding areas. Separatist and gang violence is a major concern for Nigerians when they vote on February 25 for new members of parliament and for a successor to President Muhammadu Buhari. When new voters register in Nigeria, they are allowed to choose a polling centre. Most people choose the nearest to where they live because movement is restricted by security agencies on election day. Independent National Electoral Commission (INEC) Chairman Mahmood…
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NIGERIAN ELECTIONS: Results starts trickling in

NIGERIAN ELECTIONS: Results starts trickling in

FELIX ONUAH NIGERIA'S electoral commission began announcing state-by-state results from national elections, though it is not expected to name a victor in the race to succeed President Muhammadu Buhari for several days. The presidential vote is expected to be the closest in Nigeria's history, with candidates from two parties that have alternated power since the end of army rule in 1999 facing an unusually strong challenge from a minor party nominee popular among young voters. Votes in presidential and parliamentary elections are collated in each of Nigeria's 36 states before the count is transmitted to the electoral commission's central tallying centre in the capital…
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Explainer: What is at stake for investors in Nigeria’s election?

Explainer: What is at stake for investors in Nigeria’s election?

VOTERS in Nigeria go to the polls on February 25 and international investors are cautiously hopeful that whoever is elected as the next president of Africa's largest and most populous economy will be more market-friendly than the current government. While there are also parliamentary elections, the focus is on the presidency. With incumbent Muhammadu Buhari not on the ballot, the main contenders are ruling party veteran Bola Tinubu, former vice president Atiku Abubakar, and third party candidate Peter Obi. WHAT ARE MAIN ISSUES FOR INVESTORS? Multiple exchange rates, widespread insecurity and low oil production due to massive crude theft are all problems that worry…
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Nigerians vote for new president, braving long delays in hope of bringing change

Nigerians vote for new president, braving long delays in hope of bringing change

HAMZA IBRAHIM NIGERIA'S presidential election was marked by long delays at some polling stations, which did not deter large crowds of voters hoping for a reset after years of worsening violence and hardship under outgoing President Muhammadu Buhari. Africa's most populous nation is struggling with Islamist insurgencies in the northeast, an epidemic of kidnappings for ransom, the conflict between herders and farmers, shortages of cash, fuel and power, as well as deep-rooted corruption and poverty. Reuters reporters at locations across the country saw a mixed election day picture, with some polling stations closing at the planned time of 2:30 p.m.…
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Nigerian Elections: Atiku promises unity, economic bounce

Nigerian Elections: Atiku promises unity, economic bounce

NIGERIA'S presidential hopeful Atiku Abubakar said he would bring peace and unity to the country and improve its economic fortunes as he made his final campaign stop. Economic hardships, including the highest inflation in nearly two decades, unemployment and shortages of cash, and widespread insecurity from a long-running insurgency and secessionist violence are among the top concerns for voters going into the February 25 election. The 76-year-old candidate from the main opposition People's Democratic Party is among the top three contenders vying to succeed President Muhammadu Buhari, who steps down after next week's presidential and parliamentary elections. Despite Atiku's national appeal, at…
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Nigeria 2023: What’s at stake?

Nigeria 2023: What’s at stake?

NIGERIANS will be heading to the polls on February 25 to choose a successor to President Muhammadu Buhari, who steps down after two terms in office. He will hand over to one of the 18 candidates contesting for the position - though only three stand a realistic chance of winning; Bola Tinubu (70) of the ruling APC, Atiku Abubakar (76) of the Peoples Democratic Party (PDP), and Peter Obi (61) of the Labour Party. Nigeria's election body, the Independent National Electoral Commission (INEC), has a duty to deliver the next Nigerian president through a free, fair, and credible process. Except…
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