Nigeria will begin investing the initial $1 billion allocated to a new sovereign wealth fund by June, a statement from the fund showed, after it delayed the start date twice.
Africa's biggest oil producer is one of only three OPEC member states that do not yet have a wealth fund (SWF) set up. (...)
An attack Thursday in restive northern Nigeria where suspected Islamists stormed a police station and stole nearly $60,000 from a bank killed 20 insurgents and five officers, the local police chief said Friday.
"Five policemen and 20 gunmen had been confirmed dead when some Boko Haram Terrorist (...)
Officials say suspected Islamic extremists shot and killed four people involved in education programs in northeast Nigeria, including a man in charge of a program to feed poor students.
The killings happened Monday on the outskirts of Bama in Borno state, a region long under attack by a radical (...)
The versatile 25-year-old midfielder, who played in the recent African Nations Cup final defea by Nigeria, has agreed a four-and-a-half-year contract with Krasnodar, fourth in the Russian league table, Marseille said on their website (www.om.net).
Kabore, who has 45 international caps, played 193 (...)
Stephen Keshi sought to leave Nigeria despite guiding them to the Africa Cup of Nations title because of government interference in his job, head of the country's Senate David Mark said on Wednesday.
One day after guiding Nigeria to their third Nations Cup title, Keshi stepped down, saying (...)
Juventus secured a largely undeserved 3-0 win over Celtic in their Champions League last 16 first-leg tie on Tuesday after an otherwise backs-to-the-wall display to silence almost 60,000 passionate home fans at Parkhead.
Alessandro Matri took advantage of a mistake by Celtic's Efe Ambrose, who won (...)
Ivory Coast coach Sabri Lamouchi admits that he and his team's players failed to achieve their 2013 African Cup of Nations campaign after losing 2-1 to Nigeria on Sunday, which means they are out of the quarterfinals.
"I assume all the responsibility," Lamouchi told the post game press (...)
Gunmen shot or hacked to death about 10 people during a raid on two neighbouring villages in Nigeria's remote northwestern state of Zamfara, police said on Sunday, in an area plagued by Islamist militancy and lawlessness.
The motive for the attack late on Saturday on the villages of Makera and Usu (...)
Mr. Oscar Onyema, Nigeria Stock Exchange Chairman, said tying up the African bourses requires working on developing the technological systems for the continent markets, after stipulating the convenient cost for each market.
He referred to the necessity of considering some cases concerning what (...)
Mr. Oscar Onyema, Chairman of the Nigerian Stock Exchange (NSE), has asserted that the current management will increase its partnership with the private sector to develop the rates of the local investments in the fields of petroleum and gas. He added that in the late 1950s, Nigeria discovered the (...)
The Nigerian soccer federation says each national team player will receive a $90,000 bonus if they win next year's African Cup of Nations.
Spokesman Ademola Olajire says the players will get $10,000 for each win in the group stage, plus another $15,000 for winning in the quarterfinals, $20,000 for (...)
Gunmen have killed six people in a village in Nigeria's northern Kaduna state, a government official said on Thursday, in a region with a history of inter-ethnic violence.
The attack late on Wednesday was in a village in the Zango Katak region in Kaduna state, witnesses said, an area at the heart (...)
The European champions lodged a complaint with the FA over language allegedly directed at their Nigeria midfielder John Obi Mikel by Clattenburg during the home Premier League defeat by Manchester United on Oct. 28.
That prompted the Society of Black Lawyers to lodge a written complaint with the (...)
The brutal actions of Nigeria's security forces in response to Boko Haram's campaign of terror are making an already desperate situation even worse, Amnesty International said in a report released today.
The report, Nigeria: Trapped in the cycle of violence, documents the atrocities carried out by (...)
A suicide bombing killed seven people and wounded more than 100 others Sunday at a Catholic church in Nigeria, an emergency management official said.
The bomber crashed an explosives-filled jeep into the St. Rita Church in the central Nigerian town of Kaduna, killing himself and seven others at the (...)
Ahli midfielder Walid Soliman is set to miss Sunday's Champions League semi-final against Sunshine Stars due to a knee complaint.
After pulling out of Egypt's squad with the injury, Soliman is still struggling as Ahli said he had been training alone of late.
“It is more important to make sure Walid (...)
Ahli are only focused on their CAF Champions League campaign without paying much attention to the unstable domestic scene.
Egyptian Premier League clubs have been hit by a fresh blow as the domestic competition was put back once again; this time for an indefinite period.
While most clubs have (...)
Gunmen opened fire on Muslim worshippers as they were leaving a mosque in northern Nigeria on Sunday, killing at least 20 people, a local official said.
The attack happened in a remote village called Dogo Dawa, in Kaduna state, said Abdullahi Muhammad, the traditional ruler and councillor of Birnin (...)
Authorities say three people have been killed in two separate bomb attacks on informal beer gardens in Nigeria amid attacks by a radical Islamist sect.
Taraba State police spokesman Amos Olaoye said Friday an explosive device went off at a drinking spot in a busy neighborhood in the central city of (...)
The purported leader of Boko Haram, the Islamist sect in Nigeria, has denied government statements the group is involved in peace talks and has said its spokesman Abu Qaqa has been captured by security forces.
Nigerian President Goodluck Jonathan has said the authorities were in dialogue with Boko (...)
More than half of the European Union's projects to provide safe drinking water in sub-Saharan Africa failed to deliver, the EU's audit watchdog said in a report on Friday.
The report by the European Court of Auditors examined 23 projects co-funded by the EU in six African countries between 2001 and (...)
Nigeria's worst flooding in decades has displaced more than 10,000 people in the centre of the country over the past week and stranded some villagers on rooftops, emergency services said on Thursday.
At least 140 people have been killed around Nigeria and tens of thousands have been forced to (...)
A suicide bomber blew himself up at a church in a remote part of northern Nigeria on Sunday and there were a number of dead and wounded, the National Emergency Management Agency (NEMA) said.
The bomber struck at a centre of worship in the Wunti area of Bauchi state, Yushua Shuaib, a NEMA spokesman (...)
Racist tweets were sent to Mikel after the Nigeria international's mistake in Wednesday's Champions League opener against Juventus led to Chelsea conceding an equalizer.
Chelsea says ''we've informed the police and support taking the strongest possible action.''
Mikel deleted his Twitter account (...)