Yemi Akinsuyi in Abuja

The Abuja Chamber of Commerce has expressed delight with what it described “the sudden positive turnaround of the activities in the economy,” especially the massive stock market rally and the exchange rate of the naira in the past few days.Trading-Floor

This development, according to the Vice-President, Media, Abuja Chamber of Commerce, Jude Igwe, was as a result of the peaceful conclusion of the presidential election and the declaration of Muhammad Buhari as the president-elect.

He said the private sector was concerned about the negative trends that prevailed in the past couple of weeks leading to the election, particularly the decline of the equities market and depreciation of the naira against the US dollar. Read More →

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Jaiyeola Andrews in Abuja

Apparently planning a transition government, President-elect, Gen. Muhammad Buhari (rtd.), on Friday met behind closed doors with President Goodluck Jonathan at the Presidential Villa, Abuja.Jonathan-Buhari

That was the first time the two leaders would be meeting since the Independent National Electoral Commission declared Buhari winner of the March 28 presidential election.

The meeting which was described as “private” was held inside the new Banquet Hall inside the President’s office.

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By Damilola Oyedele in Abuja

The United States President Barack Obama has commended President Goodluck Jonathan for placing the interest of Nigeria first by conceding the presidential elections and congratulating his opponent, Muhammad Buhari on his victory.Barack-Obama

“I look forward to working with President Jonathan throughout the remainder of his term, and I thank him for his many years of service and his statesmanlike conduct at this critical juncture,“ Obama said in a statement on Wednesday.

He urged Jonathan and Buhari to repeat their calls to their supporters to continue to respect the outcomes of the elections, to focus on unifying the country, and together lead Nigeria through a peaceful transition.

“The last few days have shown the world the strength of Nigeria’s commitment to democratic principles. By turning out in large numbers and sometimes waiting all day to cast their votes, Nigerians came together to decide the future of their country peacefully,” Obama said. Read More →

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