Specialist Subeditor, Commodities and Energy Desk
James's Feed
Jan 19, 2012

Nigeria investigates $4 bln fuel subsidy fraud

LAGOS, Jan 19 (Reuters) – Nigeria has discovered a
discrepancy of more than $4 billion a year between the amount of
motor fuel it subsidises and actual consumption, a legislative
committee said, supporting the idea of massive corruption in the
government subsidy scheme.

When President Goodluck Jonathan’s government abruptly
removed the subsidy on Jan. 1, strikes and protests by trade
unions and civil society forced him to reinstate part of it,
though the pump price was increased by 50 percent.

Jan 19, 2012

Nigeria investigates massive fuel subsidy fraud

LAGOS, Jan 19 (Reuters) – Nigeria has discovered a
huge discrepancy in the amount of the motor fuel it subsidises
and what people actually consume, a legislative committee said,
supporting the idea that a government scheme to make petrol
cheaper is wasteful and corrupt.

President Goodluck Jonathan’s government abruptly removed
the subsidy on Jan. 1 but strikes and protests by trade unions
and civil society forced him to reinstate some of it, although
the pump price was increased by 50 percent.

Jan 18, 2012

Analysis: Nigeria protests up pressure to reform oil sector

LAGOS (Reuters) – A week of protests over fuel prices has put Nigeria’s government under more pressure than ever to make good on long-unfulfilled promises to reform its notoriously inefficient and corrupt energy sector, and this time it will be harder not to act.

The powerful oligarchs in charge of the oil industry, Africa’s largest, have been attacked in the media and pilloried at rallies after their abrupt withdrawal of the fuel subsidy on New Year’s Day unleashed protests that crippled the economy.

Jan 18, 2012

Analysis – Nigeria protests raise pressure to reform oil sector

LAGOS (Reuters) – A week of protests over fuel prices has put Nigeria’s government under more pressure than ever to make good on long-unfulfilled promises to reform its notoriously inefficient and corrupt energy sector, and this time it will be harder not to act.

The powerful oligarchs in charge of the oil industry, Africa’s largest, have been attacked in the media and pilloried at rallies after their abrupt withdrawal of the fuel subsidy on New Year’s Day unleashed protests that crippled the economy.

Apr 29, 2011
via FaithWorld

Nigerian elections seal major power shift to largely Christian south

Photo


(Nigerian president Goodluck Jonathan casts his ballot in his home village of Otuoke, Bayelsa state April 16, 2011/Joseph Penney)

A decisive election victory by President Goodluck Jonathan in Nigeria has shifted power firmly to the largely Christian south from the Muslim north and could reopen political fissures in Africa’s top energy supplier.

Violence swept northern cities, leaving hundreds of people dead and many homeless after Jonathan’s crushing victory over his northern opponent Muhammadu Buhari, a former military ruler.

Apr 27, 2011

Nigeria’s ruling party loses some states after polls

ABUJA (Reuters) – Nigeria’s ruling party has lost control of at least two states in governorship elections, according to results emerging on Wednesday, although it performed strongly in some parts of the mostly-Muslim north.

The state governorship races, which began on Tuesday, are the final stage in elections which have seen some of the worst political violence in years in Africa’s most populous nation.

Apr 27, 2011

Analysis: Nigerian elections seal major power shift

ABUJA (Reuters) – A decisive election victory by President Goodluck Jonathan in Nigeria has shifted power firmly to the largely Christian south from the Muslim north and could reopen political fissures in Africa’s top energy supplier.

Violence swept northern cities, leaving hundreds of people dead and many homeless after Jonathan’s crushing victory over his northern opponent Muhammadu Buhari, a former military ruler.

Apr 27, 2011

Nigeria’s ruling party takes first seat in state poll

ABUJA, April 27 (Reuters) – Results from Nigerian state
governorship elections, which were marred by reports of ballot
box snatching, began to emerge on Wednesday with the ruling
party winning the first seat to be declared.

The state governorship races, which began on Tuesday, are
the final stage in elections which have seen some of the
country’s worst political violence in years.

Apr 25, 2011

Nigeria braces for polls finale after bloody riots

ABUJA, April 26 (Reuters) – The final stage in Nigeria’s
long election process begins on Tuesday with fiercely contested
state governorship polls to be held from the southern oil delta
to the Muslim north, where hundreds have been killed in unrest.

Violence erupted in the north last week after Goodluck
Jonathan, a southern Christian, was declared winner by a wide
margin of an April 16 presidential election.

Apr 25, 2011

Nigeria braces for polls finale after bloody riots

ABUJA, April 26 (Reuters) – The final stage in Nigeria’s
long election process begins on Tuesday with fiercely contested
state governorship polls to be held from the southern oil delta
to the Muslim north, where hundreds have been killed in unrest.

Violence erupted in the north last week after Goodluck
Jonathan, a southern Christian, was declared winner by a wide
margin of an April 16 presidential election.

    • About James

      "I am based in London on the Commodities and Energy Desk. I edit and file to subscribers stories on oil, power and gas as well as grains and soft commodities. I was previously bureau chief in Nigeria based in Lagos and spent most of the mid-1980s to the mid-1990s reporting energy stories including covering the oil producers' group OPEC."
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