Chief Correspondent, Nigeria, Lagos
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Dec 17, 2014

Buhari catches anti-graft mood but divides Nigerian voters

LAGOS (Reuters) – “I am not a rich person, I can’t give you a pocketful of dollars or naira to purchase your support,” Nigeria’s former military leader Muhammadu Buhari wrote to opposition delegates last week before they chose him to contest next year’s presidential election.

“I want a Nigeria … where corruption no longer trespasses into our institutions and national behavior.”

Dec 14, 2014

Nigeria’s economic pain may not decide election

LAGOS/ABUJA, Dec 14 (Reuters) – Nigeria is suffering from a
plummeting currency, steep budget cuts, corruption scandals and
diving oil prices; yet all this is unlikely to decide a tight
race for the presidency.

In many other democracies, such turmoil would probably
propel the incumbent from office. A likely rise in inflation in
Africa’s biggest economy is unwelcome for President Goodluck
Jonathan, who is seeking re-election on Feb. 14 next year.

Dec 11, 2014

Nigerian ex-ruler Buhari wins opposition presidential ticket

LAGOS (Reuters) – Nigeria’s ex-military ruler Muhammadu Buhari will be the main opposition candidate in next year’s presidential ballot after triumphing in a primary election, a televised count showed on Thursday.

Buhari will face President Goodluck Jonathan in the vote, scheduled for February 2015, which will be played out against a backdrop of economic woes and security fears tied to relentless violence being unleashed by Islamist militants.

Dec 11, 2014

Nigerian ex-ruler Buhari on course for opposition presidential ticket

LAGOS, Dec 11 (Reuters) – Nigeria’s ex-military ruler
Muhammadu Buhari took what looked to be an unassailable lead on
Thursday in a vote to chose the main opposition candidate for
next year’s presidential election.

Some 8,000 delegates were entitled to vote in the primary
for the opposition All Progressives Congress (APC) ticket and an
initial count suggested Buhari had taken 3,430 votes — almost
certainly well ahead of his four rivals.

Dec 11, 2014

Nigeria’s parties pick their presidential candidates

LAGOS/ABUJA (Reuters) – In a no-contest vote, Nigeria’s President Goodluck Jonathan was nominated as the ruling party’s leader for the February 2015 elections early on Thursday, while the opposition coalition was still voting for a candidate to take him on.

The upcoming presidential race is expected to be the closest fought since the end of military rule in 1999.

Dec 10, 2014

Nigerian coalition seeks common candidate to take on Jonathan

LAGOS (Reuters) – Nigeria’s main opposition coalition started a convention on Wednesday to select a candidate to take on President Goodluck Jonathan in elections next February that are expected to be the closest fought since the end of military rule in 1999.

Two political heavyweights led the five-strong field for the opposition All Progressives Congress (APC) ticket — former military ruler Muhammadu Buhari and ex-vice president Atiku Abubakar. Both men are Muslims from the country’s north.

Dec 4, 2014

Naira stays under pressure as Nigeria slashes benchmark oil price forecast

ABUJA, Dec 4 (Reuters) – The Nigerian naira weakened
slightly on Thursday, staying below the central bank’s new
target band, as the government slashed the oil price assumed in
its 2015 budget for the second time in a month.

The naira is under pressure as falling global oil prices
have depressed Nigeria’s foreign reserves and the central bank
is struggling to keep the currency in a new target band set last
week when it devalued the currency by 8 percent to protect its
reserves.

Dec 1, 2014

Nigerian naira at record low close against dollar despite intervention

LAGOS, Dec 1 (Reuters) – The Nigerian naira posted a record
low closing level against the dollar on Monday, despite central
bank intervention to try and halt its slide, which is being
driven by worries about the impact of plunging oil prices on
Africa’s biggest economy.

The central bank sold an undisclosed amount of dollars to
commercial banks, but dealers said it was not sufficient to lift
the naira, which closed 2.9 percent weaker than at its
previous close on Friday.

Nov 28, 2014

Nigerian naira falls further, devalued level faces test

LAGOS, Nov 28 (Reuters) – Nigeria’s naira fell 2.5 percent
on Friday, despite central bank intervention, and it briefly
touched a record low on concerns OPEC’s decision not to cut oil
output would put further pressure on Nigeria’s shaky finances.

The central bank has struggled to keep the naira within its
preferred band even after devaluing the currency by 8 percent on
Tuesday in a bid to halt a slide in Nigeria’s foreign reserves.
Oil sales provide around 95 percent of those reserves.

Nov 6, 2014

Africa’s richest man targets Nigeria’s rice deficit

LAGOS, Nov 6 (Reuters) – Nigeria enjoys a perfect
rice-growing climate over a vast area yet it is the world’s
second biggest importer of the staple, often from countries in
its warm, wet tropical latitude like top exporter Thailand.

It’s one of those baffling Nigerian paradoxes, like the fact
that it is Africa’s top oil producer yet suffers frequent fuel
shortages; or that it is sitting on the world’s eighth largest
gas reserves but can only produce a few hours of power a day.

    • About Tim

      "“I am the Bureau Chief for Nigeria since Nov. 2011. Before that I covered West Africa for 2 years from Ivory Coast, Iraq for 2 years (from Baghdad), and east and central Africa for 5 years, including Uganda, eastern DRC, South Sudan, Kenya and Madagascar.”"
      Joined Reuters:
      2005
      Languages:
      English, French
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