Chief Correspondent; Nigeria
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Jan 4, 2011

Key political risks to watch in Nigeria

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]

Dec 10, 2010

Nigeria to postpone debut Eurobond – sources

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.

Dec 9, 2010

Nigeria leader had doubts over poll bid: WikiLeaks

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.

Dec 7, 2010

Nigeria’s Babangida threatens to quit ruling party

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.

Dec 7, 2010

Nigeria graft agency charges Cheney, Halliburton boss

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.

Dec 2, 2010

Nigeria agency says to charge Cheney over Halliburton

LAGOS, Dec 2 (Reuters) – Nigeria’s anti-corruption police
said on Thursday they planned to file charges against former
U.S. Vice President Dick Cheney in a $180 million bribery case
involving a former unit of oil services firm Halliburton.

The Economic and Financial Crimes Commission (EFCC) on
Tuesday summoned the country chief of Halliburton (HAL.N: Quote, Profile, Research, Stock Buzz) and
last week detained 10 Nigerian and expatriate Halliburton staff
for questioning after raiding its Lagos office. [ID:nLDE6AT0RL]

Dec 1, 2010

Key political risks to watch in Nigeria

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]

Nov 26, 2010

Nigeria court sacks state governor in blow to PDP

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).

Nov 19, 2010

Shell declares force majeure on Nigerian oil

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.

Nov 17, 2010

Nigerian military free 19 oil delta hostages -sources

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.

    • 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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