Nigeria downgrades growth forecast as election approaches

 Nigeria`s finance minister on Wednesday downgraded growth forecasts for 2015 and proposed a modest cut in spending as Africa`s top economy tries to respond to plummeting global crude prices. 

Kidnappers free Nigerian minister`s mother

Okonjo, an academic reportedly in her 80s, was abducted Sunday from her home in Ogwashi-Uku in Delta state.

Manhunt for abductors of Nigerian minister`s mother

Nigerian police on Monday launched a manhunt for the abductors of the mother of the oil-rich nation`s Finance Minister Ngozi Okonjo-Iweala.

Nigeria oil workers threaten strike

Fuel scarcity hit Nigeria`s capital, Abuja, as a trade union threatened strike over failure by the government to pay fuel subsidy claims.

Three candidates vie for World Bank presidency

The World Bank announced Friday that Jim Yong Kim from the US, together with Nigeria's Ngozi Okonjo-Iweala and Colombia's Jose Antonio Ocampo are three candidates for the bank presidency.