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Nigeria

Nigeria

Population: 190.89 mn.
GDP: $375.77 bn.
Debt: $40.24 bn.

news from Nigeria

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Found 613 articles.

Displaying 311-320 out of 613 results.

Ailing president, procrastinating politics

The latest illness of President Umaru Musa Yar’Adua adds urgency to calls for far-reaching electoral and political reforms ahead of national elections due by early 2011. Despite mounting calls for Yar’Adua to step down on health grounds after he was spirited off to Saudi Arabia for treatment of acute pericarditis, his cabinet ministers insist he must remain in charge. Meanwhile, activists and opposition politicians are reorganising to challenge the incumbent People’s Democratic Party’s overwhelming grip on power.

With national elections due by early 2011. The financial stakes are huge - control of some US$100 billion of annual oil and gas revenue. The last elections in 2007 plumbed new dept...


The opposition frontrunners

No politician in Nigeria evokes reactions as intense and sharply divided as General Muhammadu Buhari. Many people think him incorruptible and a disciplinarian and accuse him of rel...


Recycled activists, new tactics

On 24 November, the Mega Summit Movement (MSM) disclosed plans to launch a Mega Party in 2010. Its three component groups had hitherto looked more like siblings squabbling over a t...


The biggest reform of all

President Umaru Musa Yar’Adua’s government is trying to win support for its new oil law by offering Delta communities a stake in the business

The Petroleum Industry Bill (PIB), which President Umaru Musa Yar’Adua’s supporters are trying to steer through the National Assembly, is meeting massive opposition from the major ...


Big oil and small print

The differences seem to be narrowing between the presidency and the critical stakeholders: indigenous and international oil companies, the Nigerian National Petroleum Corporation (...


China's new bid for Nigerian oil

China has expressed interest in buying 49% stakes in 23 soon-to-expire oil block licences. The London Financial Times reported in September that the China National Offshore Oil Cor...


Abuja buys a Delta amnesty

President Yar'Adua's government has a won a respite in the Delta, but without political reform it will remain only temporary

With an eye on the 2011 elections and with oil production now well under half of the installed capacity of 2.5 million barrels per day, President Umaru Musa Yar'Adua signed an amne...


Bankable Assets

The introduction by the Central Bank of Nigeria of polymer banknotes on 1 October has been blighted by accusations that millions of pounds in illegal commissions have been paid to ...


Why the banks stay optimistic

Oil, gas and Africa's biggest market keep the investors interested despite the increasingly desperate politics in Abuja ahead of the 2011 elections

After six weeks of billion dollar bail-outs, high-level sackings and the arraigning in court of five top executives, Nigeria’s financial sector is still robust enough to prompt pae...


Displaying 311-320 out of 613 results.