Chief Correspondent, Nigeria, Lagos
Tim's Feed
Jan 16, 2015

JP Morgan says it could remove Nigeria from key bond index

LAGOS, Jan 16 (Reuters) – JP Morgan said on Friday it would
assess Nigeria’s suitability to remain in a key emerging
currency bond index it manages because of a lack of liquidity in
the African country’s foreign exchange and bond markets.

The bank, which runs the most commonly used emerging debt
indexes, said it had placed Nigeria on a negative index watch
and would assess its place on the Government Bond Index (GBI-EM)
over the next three to five months.

Jan 8, 2015

Nigerian president Jonathan defends record in campaign launch

LAGOS (Reuters) – President Goodluck Jonathan opened his campaign to win a second elected term as Nigeria’s leader on Thursday, defending his record on the Boko Haram insurgency and corruption to a rally of thousands in the opposition stronghold of Lagos.

Jonathan faces opposition candidate Muhammadu Buhari, a former military ruler who was seen as tough on crime, militancy and graft, in a Feb. 14 election that is too close to call.

Dec 24, 2014

Nigerian naira street rate well below central bank’s at Christmas

LAGOS, Dec 24 (Reuters) – Nigeria’s central bank says the
post-devaluation band for the naira is “appropriately priced”,
but black market hawkers out on the street are trading it at
around 3-5 percent below its floor in the run-up to Christmas.

Despite an 8 percent devaluation of the target band and
efforts last week to crack down on currency speculation by
squeezing liquidity, the naira remains at record lows.

Dec 18, 2014

Nigerian central bank restricts dollar holdings to curb speculation on naira

LAGOS, Dec 18 (Reuters) – Nigeria’s central bank has barred
banks from holding their own funds in dollars in order to end
speculative pressure on the ailing naira currency, the governor
said on Thursday.

Godwin Emefiele told Reuters in a phone interview that he
believed the current naira band, set last month, was
“appropriately priced at this time”, signalling a will to defend
the currency, although it is currently trading below the band.

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.

    • 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
    • More from Tim

    • Follow Tim