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Floods and high winds hit Mozambique as record-breaking cyclone Freddy nears - Stock market news

MAPUTO (Reuters) - Cyclone Freddy was settling off the coast of Mozambique on Saturday, bringing flooding and high winds to Quelimane two weeks after killing at least 27 people in southern Africa when it first made landfall last month.
Cabo Delgado South Africa Mike Harrison Manuel Mucari World Meteorological Organization Us National Oceanic Atmospheric Administration

Nigerian court extends old banknotes to Dec 31 amid cash shortage - Stock market news

ABUJA (Reuters) - Nigeria's Supreme Court on Friday ordered the central bank to extend until Dec. 31 the use of old banknotes, whose withdrawal from circulation became an election issue after it caused cash shortages, widespread hardship and anger. | 07:17am
Muhammadu Buhari Camillus Eboh Bola Tinubu Justice Emmanuel Agim Macdonald Dzirutwe Progressives Congress

Six Nigerian states drop bid to annul presidential election

The states, in a court filing signed by their attorneys general, did not give reasons for their decision. Separately, losing presidential candidate Peter Obi secured a court order granting his party access to electoral materials in the possession of the electoral commission as his campaign gathers data for a possible legal challenge.
Atiku Abubakar Matthew Lewis Bola Tinubu Peter Obi Ruling All Progressives Congress Supreme Court

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Tinubu ahead in Nigeria election as opposition parties reject vote

Nigeria's ruling party candidate Bola Tinubu was ahead in the vote count after Saturday's presidential poll, a Reuters tally of provisional results in 20 of 36 states showed on Monday, but opposition parties walked out of the counting process citing concerns of fraud.
Abuja Federal Capital Territory Atiku Abubakar Thabo Mbeki Melaye Dino Bola Tinubu National Electoral Commission

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