Chief Correspondent; Nigeria
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Mar 22, 2011

Nigerian polls put president ahead in election race

LAGOS, March 22 (Reuters) – Nigerian President Goodluck
Jonathan is on course to win April elections but the ruling
People’s Democratic Party (PDP) could lose control of several
states, according to local opinion polls.

The surveys, published in Nigerian newspapers this week,
vary widely in detail and scientific quality — one claimed to
have had 70 million SMS responses, roughly equivalent to every
adult in the country — but they broadly show a common trend.

Mar 18, 2011
via FaithWorld

Nigeria’s Muslim north risks growing sense of alienation

Photo

(A motor rickshaw transporting Muslim women drives past a signboard promoting Islamic faith in Nigeria's northern city of Kano March 15, 2011/Joe Penny)

Standing on the dancefloor among shards of glass and splintered wood, Tony Baisie rues the day he agreed to help set up a nightclub in one of West Africa’s oldest Islamic cities. For more than 15 years this converted office on an industrial back street in Kano, northern Nigeria, was a thriving business. Customers — Christian and Muslim — would dance among its mirrored walls or shoot pool in the courtyard outside.

Mar 18, 2011

Nigeria’s north risks growing sense of alienation

KANO, Nigeria (Reuters) – Standing on the dancefloor among shards of glass and splintered wood, Tony Baisie rues the day he agreed to help set up a nightclub in one of West Africa’s oldest Islamic cities.

For more than 15 years this converted office on an industrial back street in Kano, northern Nigeria, was a thriving business. Customers — Christian and Muslim — would dance among its mirrored walls or shoot pool in the courtyard outside.

Mar 16, 2011
via FaithWorld

Nigeria’s Jonathan takes election campaign to Muslim north

Photo

(Nigerian president Goodluck Jonathan speaks at the launch of his presidential campaign in the central city of Lafia, Nassarawa state February 7, 2011/Afolabi Sotunde)

From Islamic police enforcing a ban on beer and prostitution to its centuries-old market and mosques, Nigeria’s northern city of Kano feels like a different country to the pulsating southern sprawl of Lagos. Its low-rise buildings and dusty tree-lined streets have more in common with the sleepy Sahelian cities of Niger or Chad than with Nigeria’s commercial hub, a city built on hustle and home to some of Africa’s largest companies and richest tycoons.

Mar 16, 2011

Nigeria’s Jonathan wraps up campaign in Muslim north

KANO, Nigeria, March 16 (Reuters) – Thousands of ruling
party supporters flocked to a dusty polo ground in Nigeria’s
northern city of Kano on Wednesday for the penultimate leg of
President Goodluck Jonathan’s election campaign tour.

Securing support in this ancient Islamic city, Nigeria’s
second most populous after the southern commercial hub of Lagos,
will be key if Jonathan, who is from the southern Niger Delta,
is to clinch victory in the first round of the April polls.

Mar 16, 2011

Nigeria’s Jonathan takes campaign to Muslim north

KANO, Nigeria, March 16 (Reuters) – From Islamic police
enforcing a ban on beer and prostitution to its centuries-old
market and mosques, Nigeria’s northern city of Kano feels like a
different country to the pulsating southern sprawl of Lagos.

Its low-rise buildings and dusty tree-lined streets have
more in common with the sleepy Sahelian cities of Niger or Chad
than with Nigeria’s commercial hub, a city built on hustle and
home to some of Africa’s largest companies and richest tycoons.

Mar 11, 2011

Q+A-Nigeria’s planned sovereign wealth fund

LAGOS, March 10 (Reuters) – Nigeria’s parliament is
considering a bill to create a sovereign wealth fund aimed at
better managing the OPEC member’s windfall oil savings, billions
of dollars of which have been frittered away in recent years.

Following are some questions and answers about the plans:

WHEN WILL THE FUND BE ESTABLISHED?

Parliament held a public hearing on the bill this week,
including submissions from the central bank and senators on
suggested improvements, such as greater clarity on eligible
asset classes in which the fund can invest.

Mar 8, 2011

Nigerian stocks seen needing more home investors

LAGOS (Reuters) – Greater domestic investment in Nigeria’s stock market would boost its stability and insulate it from bouts of capital flight by foreign investors, the chief executive of Fidelity Bank (FIDELIT.LG: Quote, Profile, Research, Stock Buzz) said.

Prices on Africa’s third biggest equities market rose 12 percent in the first two weeks of January but nervousness about the political upheaval in north Africa and caution over Nigeria’s April election have since all but erased those gains.

Mar 8, 2011

Nigeria eyes role as African Islamic banking hub

LAGOS (Reuters) – Nigeria wants to establish itself as the African hub for Islamic banking and is working on a regulatory framework to try to emulate the success of the industry in Malaysia, Central Bank Governor Lamido Sanusi said.

Nigeria is home to the largest Muslim population in sub-Saharan Africa, with around half of its 150 million people members of the Islamic faith. It is also home to one of Africa’s fastest growing consumer and corporate banking sectors.

Mar 7, 2011

Nigerian central bank sees further tightening

LAGOS (Reuters) – Nigeria’s central bank will keep tightening monetary policy in a “steady and stable” manner as government spending and the resolution of a banking crisis add to inflationary risks, Governor Lamido Sanusi said Monday.

Nigeria’s monetary policy committee raised its benchmark interest rate by 25 basis points to 6.5 percent at its last meeting in January and took aggressive measures to tighten liquidity as it seeks to get inflation down to single digits.

    • About Nick

      "Based in Lagos since early 2008, responsible for coverage of Africa's most populous nation. Previously based in Senegal for four years, covering West and Central Africa, and before that in Germany and Britain."
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