LAGOS/ABUJA, May 31 (Reuters) – Nigeria’s rescued banks have
until the end of September to reach recapitalisation deals with
new investors or face liquidation if they refuse to accept funds
from state bad bank AMCON, the central bank said on Tuesday.
Nigeria in 2009 injected $4 billion into nine lenders deemed
by auditors to have become so weakly capitalised that they posed
a risk to the entire banking system in sub-Saharan Africa’s
LAGOS/ABUJA, May 31 (Reuters) – Nigerian President Goodluck
Jonathan has started appointing his new administration, a team
which will be closely watched for its ability to drive
badly-needed reform in Africa’s most populous nation.
Jonathan named former Senate president Anyim Pius Anyim as
secretary to the federal government late on Monday — a day
after being sworn in for his first full term — a powerful post
that coordinates between ministries and the presidency.
LAGOS, May 3 (Reuters) – Nigeria’s government is in talks
with parliament over the country’s 2011 budget proposal and
expects to agree an amended version with a narrower deficit
within weeks, the head of the budget office said on Tuesday.
President Goodluck Jonathan initially proposed a 4.226
trillion naira ($27.32 billion) budget in December but
parliament inflated the spending plans, passing a 4.972 trillion
naira version three months later.
LAGOS, May 3 (Reuters) – Nigerian President Goodluck
Jonathan’s choice of cabinet ministers and top officials will be
key to the outlook for reform in Africa’s most populous nation
after elections which were deemed the most credible for decades.
Jonathan emerged from last month’s polls with a strong
mandate, having won 59 percent of the vote, but with a ruling
party (PDP) chastened by a weaker parliamentary majority and the
loss of several powerful state governorships.
ABUJA (Reuters) – Nigerian President Goodluck Jonathan faces the toughest challenge of his career in uniting the country after elections which reshaped the political landscape and threw religious and ethnic fault lines into sharp relief.
This month’s polls, while far from perfect, have been heralded as a step change in Africa’s most populous nation, which had experienced virtually nothing but military rule and rigged votes for the past half century.
UYO, Nigeria (Reuters) – Nigerians voted in state governorship elections on Tuesday that were plagued by irregularities but largely free from the violence that left hundreds dead after a presidential poll earlier this month.
Tuesday’s vote is the last stage of an election process that while considered to have been the fairest in decades has not escaped the violence long associated with Nigerian politics.
UYO, Nigeria, April 26 (Reuters) – Nigeria headed to the
polls on Tuesday to choose powerful state governors amid fears
of a resurgence of the violence that left hundreds dead after a
presidential election earlier this month.
Tuesday’s vote is the last stage of an election process that
while considered to have been the fairest in decades has not
escaped the unrest long associated with Nigerian politics.
UYO, Nigeria (Reuters) – After a parliamentary vote delayed by administrative chaos and a presidential election that triggered deadly rioting, Nigerians head to the polls Tuesday to elect state governors who exert more control on their lives.
The contests are set to be fiercely fought. The 36 state governors are among the most powerful politicians in Nigeria, wielding influence at national level and controlling budgets in some cases larger than those of small African nations.
LAGOS (Reuters) – More than 500 people were killed in post-election violence last week in the mostly Muslim north, a Nigerian human rights group said on Sunday, and it warned of further unrest during state elections.
Youths launched protests in northern towns and cities after President Goodluck Jonathan, a Christian from the south, was declared the victor of an April 16 election, defeating former military ruler and northern Muslim Muhammadu Buhari.
ABUJA (Reuters) – Nigerian President Goodluck Jonathan vowed on Thursday that the country’s final round of elections would go ahead next week despite rioting which has killed at least 100 people across the mostly-Muslim north.
Angry youths launched violent protests in northern cities this week after Jonathan, a Christian from the south, was declared the victor of a weekend election, defeating former military ruler and northern Muslim Muhammadu Buhari.