LAGOS, Dec 1 (Reuters) – Nigeria’s presidential race is wide
open with four months to go until polling day, government
spending is on the rise, and the threat of unrest hangs over its
its economic heartland, the oil-producing Niger Delta.
The ruling People’s Democratic Party (PDP), which has seen
its candidate comfortably win every leadership contest since the
end of military rule more than decade ago, is divided over its
nominee for the April polls. [ID:nLDE6AL1JI]
LAGOS (Reuters) – A Nigerian court on Friday annulled the election of the governor of the southwestern state of Osun and installed his opposition rival, in the latest blow to the ruling party ahead of national elections next April.
The court ruled that Osun state governor Olagunsoye Oyinlola of the ruling People’s Democratic Party (PDP) had been wrongly elected in the 2007 polls and installed his rival Rauf Aregbesola of the opposition Action Congress of Nigeria (ACN).
LONDON/LAGOS, Nov 19 (Reuters) – Royal Dutch Shell Plc’s
(RDSa.L: Quote, Profile, Research) Nigerian venture on Friday declared force majeure on
Bonny Light oil exports after a pipeline was damaged, the latest
disruption to supply in Africa’s top exporter.
A Shell spokesman in Nigeria said the force majeure, which
frees the Anglo-Dutch company from contractual deliveries due to
actions beyond its control, took effect from Friday. He gave no
details on any production impact.
LAGOS, Nov 17 (Reuters) – Nigeria’s military rescued 19
hostages including foreigners being held by militants in the
Niger Delta oil region in a land, air and sea operation on
Wednesday, security sources said.
Those freed included two Americans, two Frenchmen, two
Indonesians and a Canadian taken from an Afren (AFRE.L: Quote, Profile, Research, Stock Buzz) oil rig,
eight Nigerians abducted from an Exxon Mobil (XOM.N: Quote, Profile, Research, Stock Buzz) platform
and four others, two sources involved in the operation said.
LAGOS, Nov 16 (Reuters) – Nigeria’s main militant group said
on Tuesday it was behind an attack on an Exxon Mobil (XOM.N: Quote, Profile, Research, Stock Buzz) oil
platform and it had kidnapped seven Nigerian workers, the second
such raid for which it has claimed responsibility in a week.
The U.S. energy firm said armed men boarded the offshore
facility, operated by its Mobil Producing Nigeria unit in a
joint venture with the state-run Nigerian National Petroleum
Corporation (NNPC), late on Sunday but gave no further details.
LAGOS (Reuters) – Nigeria has reported the seizure of an illegal arms shipment from Iran intercepted by its secret service in Lagos last month to the U.N. Security Council, Foreign Minister Odein Ajumogobia said on Monday.
Rockets and other explosives, hidden in containers of building materials shipped to Nigeria from Iran, appear to put Tehran in breach of U.N. sanctions imposed over its refusal to halt a sensitive nuclear program, diplomats have said.
LAGOS (Reuters) – Gunmen attacked an Exxon Mobil oil platform off the Nigerian coast late on Sunday, kidnapping eight Nigerian crew members in the second such raid in the region in a week.
The U.S. energy firm said armed men boarded the offshore facility, operated by its Mobil Producing Nigeria arm in a joint venture with the state-run Nigerian National Petroleum Corporation (NNPC), but initially gave no further details.
LAGOS (Reuters) – Iran’s Foreign Minister Manouchehr Mottaki flew to Nigeria on Thursday to discuss an arms shipment seized in the West African state last month which diplomats have said could put Tehran in breach of United Nations sanctions.
Nigerian Foreign Minister Odein Ajumogobia said his Iranian counterpart had pledged Tehran’s cooperation with investigations into the shipment, intercepted by Nigeria’s secret service two weeks ago and found to contain rockets and other explosives.
LAGOS, Nov 10 (Reuters) – Some banks, schools and parts of
Nigeria’s public transport system were shut on Wednesday as the
country’s two main unions launched a warning strike to press
demands for an increase to the monthly minimum wage.
Roads in the main commercial city of Lagos and the capital
Abuja were quieter than usual as many workers stayed at home and
there were long queues at some petrol stations as motorists
stocked up on fuel in case the industrial action is prolonged.
LAGOS, Nov 8 (Reuters) – A Nigerian “bad bank” set up to
restore the health of the banking system after a sector-wide
bailout last year said on Monday it aimed to absorb 2.2
trillion naira ($15 billion) of bad loans by the end of
The Asset Management Company of Nigeria (AMCON), run by a
former Wall Street banker, was established to soak up bad bank
loans, recapitalise nine institutions rescued last year, and
restore lending in sub-Saharan Africa’s second-biggest