LAGOS, Jan 14 (Reuters) – Nigerian President Goodluck
Jonathan clinched victory in the ruling party primaries by a
wider margin than many expected on Friday, although he faced
resistance from some parts of the mostly Muslim north.
The win makes him the firm favourite for April elections,
which could see him become the first elected head of state from
the restive Niger Delta, home to Africa’s biggest oil and gas
industry and the nation’s economic powerhouse. [ID:nLDE70D00D]
LAGOS (Reuters) – Nigeria enters the most important three months of its recent political history this week, beginning elections which could chart its path for further reform or plunge its most volatile regions back into violence.
The build-up to presidential, parliamentary and state governorship elections in April risks exposing ethnic and religious fault lines in the African giant, whose more than 200 ethnic groups generally live peacefully side by side.
LAGOS, Jan 7 (Reuters) – Nigeria plans to go ahead with its
delayed $500 million debut Eurobond in two to three weeks and
expects a bill to create a sovereign wealth fund to pass under
the current administration, the finance minister said on Friday.
Africa’s top crude oil exporter first announced plans to
borrow in the international bond market in September 2008 but
has put the issue on hold several times, most recently in
December, citing adverse market conditions.
LAGOS (Reuters) – The two main rivals in Nigeria’s ruling party have locked horns over the country’s dwindling oil savings and the state of its public finances, putting the economy back in the spotlight a week ahead of the primaries.
President Goodluck Jonathan’s administration had spent the past few weeks defending itself against accusations that it has not done enough to guarantee national security, after bomb blasts in the capital Abuja and the central city of Jos.
LAGOS (Reuters) – Nigeria’s Lagos state governor has been endorsed to run for a second term by his party, ending speculation that rivals might try to force him from what is arguably the most important political job outside the capital.
Babatunde Fashola will be the sole candidate for the Action Congress of Nigeria (ACN) party at the state governorship polls on April 13, party spokesman Lai Mohammed said. The party has run the state since Nigeria’s return to democracy in 1999, and its official candidate is not expected to face a serious rival.
LAGOS, Jan 4 (Reuters) – Nigerian President Goodluck
Jonathan is waging a tough battle ahead of the presidential
primaries in two weeks time, a contest whose outcome could shape
the political and economic landscape for the next few years.
A wave of violence over Christmas and New Year, including a
fatal bomb attack in the capital Abuja, will test the strength
of Jonathan’s resolve as his opponents look to exploit any sign
of weakness ahead of the primaries. [ID:nLDE70101O]
LAGOS, Dec 10 (Reuters) – Nigeria is likely to delay a debut
$500 million Eurobond originally planned for this year because
of volatility in global markets, sources familiar with the
transaction said on Friday.
Sub-Saharan Africa’s second-biggest economy had planned a
roadshow to the United States next week and aimed to complete
the issue by the end of the year, but the plans were put on hold
at the eleventh hour because of market volatility due partly to
the debt crisis in Europe, sources said.
LAGOS (Reuters) – Nigerian President Goodluck Jonathan had doubts this year about whether he would stand in elections next April, saying his focus was organizing credible polls, according to a leaked U.S. diplomatic cable.
The cable, obtained by WikiLeaks and published by Britain’s Guardian newspaper, says Jonathan told then-U.S. Ambassador Robin Sanders in February that he would only consider running if and when those around him sought to persuade him to do so.
LAGOS, Dec 7 (Reuters) – Former Nigerian military ruler
Ibrahim Babangida threatened on Tuesday to quit the ruling party
before elections next April, underlining deep divisions over the
candidacy of incumbent President Goodluck Jonathan.
Jonathan’s bid for the presidency of Africa’s most populous
nation is controversial because he is a southerner and inherited
office earlier this year when late President Umaru Yar’Adua, a
northerner, died part way through his first term.
LAGOS (Reuters) – Nigeria’s anti-corruption agency filed charges against former U.S. Vice President Dick Cheney and the head of oil services firm Halliburton Co on Tuesday over an alleged scheme to bribe Nigerian officials.
The Economic and Financial Crimes Commission (EFCC) said it had filed 16-count charges at a federal high court in Abuja against Cheney, Halliburton Chief Executive David Lesar and two other executives, in a case dating back to the mid-1990s.