ABUJA/LAGOS, Dec 5 (Reuters) – Nigeria’s drive to clean up a
gasoline subsidy scheme that soaks up a fifth of federal
spending is mired in confusion, with the government, anti-graft
investigators and fuel importers at odds over attempts to root
out massive fraud.
President Goodluck Jonathan has promised that importers will
be prosecuted if either of Nigeria’s two anti-corruption bodies
finds evidence they are defrauding the scheme, the total cost of
which was 1 trillion naira ($6.3 billion) last year.
ABUJA, Nov 26 (Reuters) – Rebel governors who defected from
Nigeria’s ruling party merged their splinter group with the main
opposition All Progressives Congress (APC) on Tuesday, denting
President Goodluck Jonathan’s powerbase for possible
Governors are some of the most powerful figures in Africa’s
biggest oil exporter, some controlling budgets bigger than many
African countries, and their influence carries a great deal of
weight in selecting presidential candidates.
ABUJA/LAGOS (Reuters) – Nigerian President Goodluck Jonathan will not present the 2014 budget to the national assembly as planned on Tuesday because of a disagreement between his team and lawmakers over plans to curb spending.
A letter from Jonathan read out in the assembly by Senate president David Mark said: “It is infeasible for me to present the budget in the absence of a harmonized position,” with executive, upper and lower house all disagreeing on spending.
ABUJA (Reuters) – In the gloom of a hilltop cave in Nigeria where she was held captive, Hajja had a knife pressed to her throat by a man who gave her a choice – convert to Islam or die.
Two gunmen from Boko Haram had seized the Christian teenager in July as she picked corn near her village in the Gwoza hills, a remote part of northeastern Nigeria where a six-month-old government offensive is struggling to contain an insurgency by the al Qaeda-linked Islamist group.
ABUJA, Nov 17 (Reuters) – In the gloom of a hilltop cave in
Nigeria where she was held captive, Hajja had a knife pressed to
her throat by a man who gave her a choice – convert to Islam or
Two gunmen from Boko Haram had seized the Christian teenager
in July as she picked corn near her village in the Gwoza hills,
a remote part of northeastern Nigeria where a six-month-old
government offensive is struggling to contain an insurgency by
the al Qaeda-linked Islamist group.
ABUJA, Nov 8 (Reuters) – Nigerian legislators are
considering a law to impose new fines on operators responsible
for oil spills, a measure that could face major foreign
companies with penalties running into tens of millions of
dollars a year.
There are hundreds of leaks every year from pipelines that
pass through the creeks and swamplands of the Niger Delta,
damaging the environment and the profits of oil companies
including Royal Dutch Shell and Italy’s Eni.
ABUJA, Nov 7 (Reuters) – Amnesty International called into
question Royal Dutch Shell’s accounting in Nigeria for
oil spill amounts and causes, saying the oil major was seeking
to avoid compensation payments and damage to its reputation.
The Anglo-Dutch oil major responded in a statement that it
“firmly rejects unsubstantiated assertions that they have
exaggerated the impact of crude oil theft and sabotage to
distract attention from operational performance”.
ABUJA (Reuters) – Sub-Saharan Africa’s economic growth is expected to increase to six percent in 2014, from five percent this year, supported by investment in infrastructure and production capacity, the International Monetary Fund (IMF) said on Thursday.
The IMF had predicted in May that the region would grow 5.7 percent this year and 6.1 percent in 2014.
ABUJA/WASHINGTON (Reuters) – Pirates attacked an oil supply vessel off the Nigerian coast and kidnapped the captain and chief engineer, both U.S. citizens, American officials said on Thursday as the Nigerian military ordered its Navy to rescue the men.
“We believe this was an act of piracy,” U.S. State Department spokeswoman Marie Harf said, adding that U.S. officials were closely monitoring the situation and seeking more information.
LAGOS/ABUJA (Reuters) – In Nigeria, as elsewhere, foreign exchange markets can be a barometer of internal strife, so when central bank governor Lamido Sanusi noticed a surge in dollar demand at forex bureaux in July, he feared something was amiss.
The bank found tens of billions of naira was traded for dollars in cash, much more than importers needed to buy goods or investors to repatriate funds, and there was no trace of where the money came from or where it was going.