Wednesday, February 18, 2015

Boko Haram says postponed Nigerian Presidential elections will not take place peacefully

Nigeria's presidential election on March 28 will not take place peacefully, AbuBakr Shekau, leader of Boko Haram, has said in a new video purportedly released by the group.

In the video, released on social media on Tuesday and obtained by US based SITE intelligence group, Shekau issued a warning to the Goodluck Jonathan's government that next month's elections would be disrupted with violence.

"Allah will not leave you to proceed with these elections even after us, because you are saying that authority is from people to people, which means that people should rule each other, but Allah says that the authority is only to him, only his rule is the one which applies on this land," he said.

"And finally we say that these elections that you are planning to do, will not happen in peace, even if that costs us our lives.

In the video message, titled "A message to the leaders of the disbelievers", the contents of which Al Jazeera has not been able to independently verify, Shekau also takes aim at the leadership of regional countries who are co-ordinating efforts against the group.

"You are claiming that we don't know how to fight, but we forced your forces to flee from their bases and we freed our imprisoned brothers from the prisons that you oppressed them in, only praise be to Allah."

Nigeria's presidential election was to be originally held on February 14, but was postponed due to security concerns.

Speaking before Shekau's threat, Niger's President Mahamadou Issoufou vowed that his country would herald the end for the rebels, whose six-year insurgency has cost more than 13,000 lives.

Renewed attacks

"Niger will be the death of Boko Haram," he told a cheering crowd after a protest against the insurgents in the capital Niamey.

But Boko Haram has proved resilient and experts question whether the group can be overpowered in the short-term.

On Tuesday, two suicide attacks ripped through northeast Nigeria, killing at least 38 people and injuring 20 others.

In a separate development, the United States military said on Tuesday they would be providing communications equipment and intelligence to help African nations in the fight against Boko Haram.

Major General James Linder said that, as part of the annual US-backed 'Flintlock' counter-terrorism exercises this year in Chad, the United States would provide technology allowing African partners to communicate between cellphones, radios and computers.

The renewed attacks on Tuesday came as heads of states from Central African countries were ending a meeting in the Cameroonian capital, Yaounde, to plan the creation of a joint military response to the growing regional threat posed by Boko Haram.

The 10 member states announced that they had contributed more than 50 percent of the $100m needed to fight Boko Haram. They also called on Nigeria to cooperate by allowing the multinational joint task force to attack Boko Haram in its strongholds in Nigeria.

Boko Haram has fought a five-year insurgency, has recently begun stepping up its attacks against neighbouring countries after Cameroon, Niger, Chad and Benin agreed to contribute troops toward a regional military effort.

The violence has forced some 157,000 people to seek refuge in Niger, while 40,000 others have gone to Cameroon and 17,000 are in Chad, the UN said.

Almost one million Nigerians are internally displaced, according to the country's own statistics.

Aljazeera

300 Boko Haram fighters killed by Nigerian army

More than 300 Boko Haram fighters have been killed in military operations in north-east Nigeria, the army says.

A number of militants had also been captured and weapons and equipment seized, defence spokesman Chris Olukolade said.

Two soldiers had lost their lives and 10 others were wounded during the operation over the last two days in Borno state, he added.

The deaths have not been independently verified.

Nigerian forces have been accused of overstating enemy casualties in the past.

Boko Haram attacks on civilians and the military have killed thousands since the group launched its violent campaign for a breakaway Islamic state in 2009.

Nigeria, Chad, Cameroon and Niger have recently formed a military coalition and have claimed gains against the group.

BBC

Tuesday, February 17, 2015

FMR Nigerian President Olusegun Obasanjo quits ruling party PDP after criticising President Goodluck Jonathan

Nigeria's former President Olusegun Obasanjo has quit the ruling People's Democratic Party (PDP) ahead of the 28 March elections, tearing up his membership card in public.

Mr Obasanjo has been fiercely critical of President Goodluck Jonathan, who is seeking re-election on a PDP ticket.

Mr Jonathan is facing a strong challenge from opposition candidate Muhammadu Buhari.

The elections, due on 14 February, were postponed over security concerns.

BBC Nigeria analyst Ibrahim Shehu Adamu says Mr Obasanjo's decision is a major blow to the PDP, showing the divisions that have hit the party as it battles to extend its 15-year rule.'Serious embarrassment'

In a statement, the PDP described Mr Obasanjo as a "revered leader of our party" and said it was "deeply saddened" by his resignation.

It added that it was "bewildered" by the former president's choice to tear up his party membership card in public.

Mr Obasanjo, 77, was a founding member of the PDP and led the party to two resounding victories after military rule ended in 1999.

So, his decision to quit the PDP may knock the morale of some party activists and persuade undecided voters to back the opposition in the hard-fought presidential and parliamentary elections.

But Mr Obasanjo's move does not come as a complete surprise. His influence within the party has been declining for quite some time and he probably found it difficult to see President Jonathan - whom he once mentored - ignoring his advice.

More worrying for Nigerians will be the role of the military. There are growing suspicions that it is backing Mr Jonathan, raising doubts about its impartiality and the credibility of the elections.

Last week, Mr Obasanjo raised fears of a coup. Many Nigerians will be hoping that his fears are misplaced and that Nigeria holds a free and fair election in which the losing candidate gracefully accepts defeat.

The Nigerian military issued its own statement, calling Mr Obasanjo, a former military ruler as well as an elected president, "a serious embarrassment" after he criticised its role in the postponement of the elections.

Our correspondent says the military's statement has raised concern among many Nigerians that it is taking sides in a political dispute rather than remaining neutral.

Prior to tearing up his membership, Mr Obasanjo told local media outside his residence that he was expecting to be ejected from the party.

"They said they want to expel me from PDP, although I have not been told, but I have my ears on the ground," he said.

'Going for broke'

Mr Obasanjo said he would not be joining another party.

"I will only be a Nigerian, I'm ready to work with anybody regardless of political affiliation. Why would some people say they want to send me away, they don't need to bother themselves, here's your membership card, take it," he added.

Despite his pledge not to defect to another party, Mr Obasanjo has been vocal in his support for Mr Buhari, the candidate of the All Progressives Congress (APC), although he has fallen short of offering an outright endorsement.

Last week, Mr Obasanjo told London's Financial Times newspaper that he hoped the president was "not going for broke and saying: 'Either I have it or nobody has it'".

Mr Jonathan hit back at Mr Obasanjo, accusing him of threatening "national security" by whipping up opposition to his rule.

"It is very regrettable that in your letter, you seem to place sole responsibility for the ongoing intrigues and tensions in the PDP at my doorstep, and going on from that position, you direct all your appeals for a resolution at me," Mr Jonathan said.

Nigeria's election commission postponed the presidential and parliamentary election after the military said it would not be able to guarantee security at polling stations while it fought militant Islamist group Boko Haram in the north-east.

Mr Jonathan is contesting his second presidential election. His presidency has been marred by powerful PDP members defecting to the newly formed APC, fuelling speculation that he could be defeated in the election.

He has also been strongly criticised for failing to curb Boko Haram's insurgency.

Thousands of people have died as a result of the conflict over the past six years, while more than three million people have been forced from their homes.

The militants control a large stretch of land in north-eastern Nigeria and have stepped up attacks on neighbouring countries.


BBC

Monday, February 16, 2015

Video - Nigeria presidential campaign on social media


Nigeria's two main Presidential candidates are not only fighting for votes on the streets, they are doing so on social media as well.

Suicide bomber kills seven in Yobe, Nigeria

A female suicide bomber has killed at least seven people at a crowded bus station in north-eastern Nigeria.

Police say more than 30 others were wounded in the city of Damaturu, capital of Yobe State.

No group has said it carried out the bombing but the jihadist group Boko Haram has previously launched attacks in the city.

On Saturday, Boko Haram fighters tried to take over the regional capital of neighbouring Gombe state.

They were repelled by Nigerian troops backed by a fighter jet.

Marcos Danladi, police commissioner of Yobe State, said Sunday's attack took place at the Damaturu Central Motor Park.

According to reports, the female suicide bomber arrived in a vehicle and walked into a crowd outside a grocery store at the end of the terminal where she detonated her explosives.

Witness Adamu Muhammad said the bus station "descended into panic".

A shop owner told AFP news agency that an angry mob stopped emergency workers from retrieving the remains of the bomber and instead set them on fire.

Thousands of people have been killed and more than three million displaced by Boko Haram's insurgency.

The Islamist militants, who are fighting to create an Islamic state in north-eastern Nigeria, have become a regional threat.

In response, Nigeria, Niger, Chad and Cameroon have agreed to form a regional military force to combat the group.

Growing insecurity in the north-east led Nigeria to postpone elections due to be held on 14 February.

Correspondents say the insurgency has also cast doubt on the leadership of President Goodluck Jonathan, who is accused of not having done enough to contain it.


BBC

Friday, February 13, 2015

Video - President Goodluck Jonathan says Nigeria wasn't ready for elections


Nigeria's president Goodluck Jonathan has defended the 6-week delay imposed on the country's elections. He's denied pushing for the postponement and says Nigeria's election commission was just not ready to run the vote.

Seven confirmed dead from Boko Haram suicide bomber in North Eastern Nigeria

At least seven people have been killed by a female suicide bomber who blew herself up at a crowded market in northeast Nigeria, according to witnesses and officials.

The mid-afternoon attack on Thursday in Biu, 180km south of the Borno state capital Maiduguri, is the latest in a spate of similar attacks in the region.

This was the first bombing in the area, which came before a visit by the former governor to Biu, according to a witness who is a member of the Civilian Joint Task Force (JTF).

Biu is the biggest town in southern Borno, and Boko Haram fighters have made repeated attempts to bomb the market, which is open on Mondays and Thursdays.

The JTF was formed by residents to combat Boko Haram, the Nigerian armed group.

Boko Haram has been blamed for using women and young girls as human bombs as part of its deadly campaign to create an Islamic state in the country's far northeast.

A senior security source in Maiduguri confirmed the deadly suicide blast but had no immediate details on casualties.

But multiple witnesses and a nurse at the Biu general hospital said that at least seven people were killed by the explosion.

Al Jazeera

Thursday, February 12, 2015

Video - Nigeria to investigate reports of child rape and trafficking in refugee camps



Officials are investigating claims of widespread abuse in the camps set up for people who've fled Boko Haram. There've been allegations of rape and child-trafficking.

Wednesday, February 11, 2015

Video - Boko Haram leader releases video promising to take on African Union troops


Nigerian militant group Boko Haram has mocked plans by the African Union to send a regional force into north-east Nigeria. The group's released a video welcoming the AU force and vowing to seize the soldiers, one by one.

Related stories: Boko Haram leader Abubakar Shekau apparently alive - releases new video

Military of Nigeria confirm Boko Haram leader dead

Nigeria military pledges neutrality in Presidential campaign

Nigeria's military pledged not to get involved in party politics on Wednesday, after concerns grew about its role in pushing for the country's presidential election to be delayed by six weeks.

Defence spokesman Major-General Chris Olukolade noted "the palpable tension being generated ... with regards to the roles of the Nigerian military in the ongoing political activities and recent developments, especially in relation to electioneering."

"It is important to reassure Nigerians that the military will remain professional, apolitical and non-partisan in all operations ... related to (elections)," he said in a statement.

The military faced accusations of interference when chairman of the electoral commission Attahiru Jega revealed that the office of the National Security Advisor had written a letter to him saying that unless he delayed the Feb. 14 election, it could not guarantee his security.

It urged a six week delay to enable them to contain the Islamist Boko Haram insurgency.

There have also been reports in the local press that the military colluded with the ruling People's Democratic Party (PDP) to try to influence the election in Ekiti state in May, a claim the military has not directly commented on.

Nigeria's decision to delay the poll on the advice of security forces was a worrying echo for some of the annulment of 1993's democratic vote by a military government.

President Goodluck Jonathan's PDP had pushed for a delay, while his main opponent Muhammadu Buhari of the opposition All Progressives Congress (APC) had urged the vote go ahead on time, arguing that a six-year old insurgency was hardly going to be solved in six weeks.

But the PDP also argued that the commission was not ready because millions of voters had not picked up their ID cards.

Reuters

Fmr President Olusegun Obasanjo says Nigeria President Goodluck Jonathan's actions are inviting a military coup

Former President Olusegun Obasanjo has raised fears that the political posturing of President Goodluck Jonathan – using the military to delay scheduled election – might invite a military coup on the country.

“The signs are not auspicious,” Mr. Obasanjo told the Financial Times in an interview in Nairobi, the Kenyan capital. “I don’t know whether a script is being played.”

“I sincerely hope that the president is not going for broke and saying ‘look dammit, it’s either I have it or nobody has it’. I hope that we will not have a coup . . . I hope we can avoid it.”

There have been concerns among opposition activists and civil society that Mr. Jonathan is excessively courting the armed forces and dragging them into politics.

National elections, earlier billed for February 14 and 28, were rescheduled for March 28 and April 11 following a “strong advisory” and a warning from the National Security Adviser, Sambo Dasuki, and military chiefs that they could not guarantee security for the polls.

The opposition All Progressives Congress has accused the military of being used by the Jonathan administration to scuttle the election after it had earlier given a clear commitment to provide security for the elections just three days before making a volte-face.

Many Nigerians also expressed concern when the Nigerian Army addressed a press conference in January, saying it did not have the original certificates of Muhammadu Buhari, the APC presidential candidate Mr. Jonathan’s party is battling to disqualify from running.

And just recently, a leaked audio recording suggested that Mr. Jonathan ordered the military to rig last year’s Ekiti governorship election in favour of his party, the Peoples Democratic Party.In his interview with the Financial Times, Mr. Obasanjo said the military, especially the army, is in bad shape and had not been properly led.

“It’s a question of leadership — political and military,” Mr. Obasanjo said. “I think you need to ask [Mr Jonathan] how has he let [the army] go to this extent . . . Many things went wrong: recruitment went wrong; training went wrong; morale went down; motivation not there; corruption was deeply ingrained; welfare was bad.”

There are suggestions Mr. Jonathan would prefer to hand over to the military rather than Mr. Buhari if he loses the coming presidential election, but there is so far no clear-cut evidence to suggest that, although the APC has repeatedly alleged that the president’s party is in cahoot with the military to rig the coming election.

In the interview published Tuesday, Mr. Obasanjo, a card-carrying member of the PDP, openly endorsed opposition candidate, Mr. Buhari, saying he is best for Nigeria at this time.

The APC candidate is a former military head of state, who ruled Nigeria between December 1983 and August 1985.

“The circumstances [Mr. Buhari] will be working under if he wins the election are different from the one he worked under before, where he was both the executive and the legislature — he knows that,” Mr. Obasanjo said. “He’s smart enough. He’s educated enough. He’s experienced enough. Why shouldn’t I support him?”

Mr. Obasanjo has repeatedly accused Mr. Jonathan of deepening corruption in Nigeria and mismanaging public funds.

Speaking about the financial crisis facing the country as a result of the crash in crude oil prices, Mr. Obasanjo sees some positives in the development.

“There’ll be less in the pot, for stealing or corruption,” the paper quoted him as saying.

Premium Times

Alleged abuse in refugee camps for Nigerians displaced due to Boko Haram violence

Nigeria is to investigate reports of rapes, child trafficking and other abuses in camps for people fleeing from the militant Islamist group Boko Haram.

The country's National Emergency Management Agency (Nema) has formed a panel to investigate the abuses.

A spokesperson for Nema told the BBC that investigators would visit every camp for displaced people.

Approximately 3.2 million Nigerians have fled their homes to escape Boko Haram's insurgency in the northeast.

Nema's investigation is a response to a report published by Nigeria's Calabar-based International Centre for Investigative Reporting (ICIR).'Grievous' abuses

The report, written by freelance journalist Charles Dickson, alleges that hundreds of young girls have been trafficked from internally displaced persons (IDP) camps.

Many victims were from unregistered, makeshift camps established when official camps could no longer cope, the report says.

It quotes an unnamed nurse as saying many children were brought to her hospital after being raped in the IDP camps.

It also alleges refugees are being sold as unpaid domestic workers, raped repeatedly, and in some cases burned and wounded with knives.

A spokesperson for Nema told the BBC that the allegations were "very grievous".

Ezikial Manzo said that the report published by the ICIR was the first Nema had heard of abuses at the camps and that its panel would "do everything in their power" to investigate.

Mr Manzo said that representatives from the ICIR had been invited to join the investigators as they toured the camps. He was not able to say how many camps there are, as many have been set up unofficially to cope with the millions of refugees.

Nigeria's Independent National Electoral Commission estimates that 3.2 million people have been displaced by Boko Haram's insurgency in the country's northeast, 1.6 million internally and 1.6 million in neighbouring Chad, Cameroon and Niger.

BBC Nigeria analyst Jimeh Saleh says Nema's decision to launch the investigation is significant as the allegations are extremely serious.

Many people do not report rape in Nigeria, and have little confidence in the police to investigate cases, he says.

They will be hoping that Nema's investigation will be credible, and help break the culture of silence around rape, our reporter adds.

Nema has given the investigators two weeks to compile their report.

Nigeria's upcoming general election, due to take place on 14 February, has been postponed until 28 March due to security concerns.

Government officials said the country's military would be unable to provide sufficient security for the poll due to the Boko Haram insurgency.


BBC

Tuesday, February 10, 2015

Video - Thousands of Nigerians flee Nigeria



Boko Haram crisis has been directly affecting Cameroon as well. The number of Nigerian refugees in the country has quadrupled. We take you to a camp in Maroua in the north of the country.

Boko Haram kidnap 20 in cameroon

Suspected militants from Nigerian Islamist group Boko Haram have hijacked a bus in northern Cameroon, abducting at least 20 people, residents say.

Militants reportedly seized a bus carrying market-goers and drove it toward the border with Nigeria.

Some reports put the total number kidnapped in Cameroon as high as 30.

Boko Haram has escalated its attacks outside Nigeria in recent weeks, targeting neighbouring Cameroon and Niger.

The insurgency has forced a postponement of Nigeria's presidential and parliamentary elections from 14 February to 28 March.

The bus was seized near the border area of Koza and driven towards the Nigerian border 18km (11 miles) away, a resident told the Associated Press news agency.Prison attacked

In an apparently related incident, several Boko Haram fighters were killed and around 10 Cameroonian soldiers injured as the militants attacked Kerawa, a local journalist told the BBC.

A separate group of fighters reportedly attacked the nearby town of Kolofata, looting food and livestock.

The attacks in Cameroon follow a series of assaults on the border towns of Bosso and Diffa in Niger.

Boko Haram militants targeted a prison in Diffa on Monday but were repelled by soldiers from Niger and Chad.

Diffa was also targeted by a car bomb which exploded near a market, news agencies reported, citing residents and military sources. A local journalist in Diffa told AFP he counted one dead and 15 injured.

Niger's parliament is due to vote on Monday on contributing 700 troops to a regional force battling to regain territory from Boko Haram ahead of Nigeria's rescheduled elections.

Abbo Moro, Nigeria's interior minister, told the BBC he believes the fight against the militant group will be successful enough for the elections to go ahead.

Elections for state governors and assemblies slated for 28 February have also been moved to 11 April.

BBC Nigeria correspondent Will Ross says many observers in the country see the delay as a political move aimed at helping the incumbent President Goodluck Jonathan.

Uncertainty over the election is also having economic repercussions, our reporter says, with Nigeria's currency the naira falling to a record low on Monday.

The Boko Haram insurgency has caused more than 1.5 million people to flee their homes.

On Saturday, Nigeria and the governments of Cameroon, Chad, Niger and Benin agreed to establish a force of 8,700 troops, police and civilians to fight the group.


BBC

Monday, February 9, 2015

Video - Al Jazeera talks with Nigeria Presidential candidate Muhammadu Buhari


Nigeria's main opposition leader shares his views on the postponed vote, Boko Haram, and challenges facing his country.

Related stories: Video - Presidential candidate General Buhari promises to tackle Boko Haram and corruption

Nigeria presidential elections postponed for six weeks due to Boko Haram

U.S. dissapointed with Nigeria presidential election delay

United States has expressed disap­pointment over the decision of the Independent National Electoral Commission (INEC) to postpone the February polls to March.

In a statement issued in Washington, the Secretary of State John Kerry said the U.S. was “deeply disap­pointed” by Nigeria’s deci­sion to delay the election. “Political interference with the Independent National Electoral Commission is unacceptable, and it is criti­cal that the government not use security concerns as a pretext for impeding the democratic process,” Kerry said.

He visited Nigeria on Jan. 25, urging the People Democratic Party presiden­tial candidate, President Goodluck Jonathan and the All Progressives Congress party presidential candi­date, Gen. Muhammadu Buhari, to prevent potential post-election violence by their supporters. The state­ment read:

“The United States is deeply disappointed by the decision to postpone Nige­ria’s presidential election, which had been scheduled for February 14. Political interference with the Inde­pendent National Electoral Commission is unaccept­able, and it is critical that the government not use se­curity concerns as a pretext for impeding the democrat­ic process.

“The international com­munity will be watching closely as the Nigerian government prepares for elections on the newly scheduled dates. The Unit­ed States underscores the importance of ensuring that there are no further delays.

“As I reaffirmed when I visited Lagos last month, we support a free, trans­parent, and credible elec­toral process in Nigeria and renew our calls on all candidates, their support­ers, and Nigerian citizens to maintain calm and reject election-related violence.”

The Sun

Related story: Nigeria presidential elections postponed for six weeks due to Boko Haram

Sunday, February 8, 2015

Video - Presidential candidate General Buhari promises to tackle Boko Haram and corruption


As the presidential vote approaches there are concerns over mounting tensions especially considering Nigeria's post election history. In 2011, 800 people died from violence instigated by campaigns. President Goodluck Jonathan's main challenger Muhammadu Buhari of the All Progressives Congress has, however pledged to follow due legal process to challenge the election outcome should he lose. He also promises that his administration will tackle the Boko Haram insurgency and end corruption and theft in the oil sector.

Nigeria presidential elections postponed for six weeks due to Boko Haram

Nigeria’s electoral commission will postpone next Saturday’s presidential and legislative elections for six weeks to give a new multinational force time to secure north-eastern areas under the sway of Boko Haram, an official close to the commission told the Associated Press on Saturday.

Millions could be disenfranchised if the voting went ahead while the Islamic extremists hold a large swath of the north-east and commit mayhem that has driven 1.5 million people from their homes.

Civil rights groups opposed to any postponement started a small protest on Saturday. Police prevented them from entering the electoral commission headquarters in Abuja, Nigeria’s capital. Armed police began deploying to block roads leading to the building.

The Nigerian official, who is knowledgeable of the discussions, said the Independent National Electoral Commission would announce the postponement later on Saturday. He spoke on condition of anonymity because of the sensitivity of the issue.

A major offensive with warplanes and ground troops from Chad and Nigeria already has forced the insurgents from a dozen towns and villages in the past 10 days. Even greater military strikes by more countries are planned.

African Union officials were ending a three-day meeting Saturday in Yaounde, Cameroon’s capital, to finalise details of a 7,500-strong force from Nigeria and its neighbours Chad, Cameroon, Benin and Niger. Details of funding, with the Africans wanting the United Nations and European Union to pay, may delay the mission.

Nigeria’s home-grown extremist group has responded with attacks on one town in Cameroon and two in Niger this week. Officials said more than 100 civilians were killed and 500 wounded in Cameroon. Niger said about 100 insurgents and one civilian died in attacks on Friday. Several security forces from both countries were killed.

International concern has increased along with the death toll; some 10,000 have been killed in the uprising in the past year compared with 2,000 in the four previous years, according to the US Council on Foreign Relations.

The United States has been urging Nigeria to press ahead with the voting. The US secretary of state, John Kerry, visited Nigeria two weeks ago and said that “one of the best ways to fight back against Boko Haram” was by holding credible and peaceful elections, on time.

“It’s imperative that these elections happen on time as scheduled,” Kerry said.

Officials in President Goodluck Jonathan’s administration have been calling for a postponement.

Any delay is opposed by an opposition coalition fielding former military dictator Muhammadu Buhari, though the opposition stands to take most votes in the north-east.

Supporters of both sides are threatening violence if their candidate does not win. Some 800 people were killed in riots in the mainly Muslim north after Buhari, a Muslim, lost 2011 elections to Jonathan, a Christian from the south.

A postponement will give electoral officials more time to deliver some 30 million voter cards. The commission had said the non-delivery of cards to nearly half of the 68.8 million registered voters was not a good reason to delay the vote.


Guardian

Friday, February 6, 2015

Jumia gets official Apple istore

Jumia has rolled out their official Apple store online. According to Jumia, they are the first online retailer to be authorised by Apple to sell Apple related products.

According to the online retailer, it expects that the official authorisation will alleviate shoppers’ fears of purchasing counterfeit Apple products online.

Speaking on the launch of the online iStore, Jeremy Doutte, MD Jumia Nigeria stated that: “The collaboration between Jumia and Apple is a thing of beauty and can best be described as a big win for innovation and authenticity. Nigerians no longer have to be burdened by fears of using their hard earned cash to purchase a fake, stolen or reworked Apple device. Above all our continued commitment to seeing the Nigerian customer get top quality and premium retail keeps driving us to push new boundaries and break new frontiers.”

Darryl Linington

IT News Africa

Related story: Jumia is biggest e-commerce website in Nigeria

Nigeria's answer to amazon.com

Nigeria's $20 billion oil leak

In late 2013, Nigeria's then central bank governor Lamido Sanusi wrote to President Goodluck Jonathan claiming that the state oil company had failed to remit tens of billions of oil revenues it owed the state.

After the letter was leaked to Reuters and a local news site, Jonathan publicly dismissed the claim and replaced Sanusi, saying the banker had mismanaged the central bank's budget. A Senate committee later found Sanusi’s account lacked substance.

Sanusi has since become Emir of Kano, the country's second highest Islamic authority, and has smoothed over relations with the president. He declined to discuss his earlier assertions. Before he was sacked, though, the central banker submitted to Nigeria’s parliament more than 300 pages of documentation in support of his claim. Reuters has reviewed that dossier, which offers one of the most comprehensive studies of waste, mismanagement and what Sanusi called “leakages” of cash in Nigeria’s oil industry. Detailed here, the dossier includes oil contracts, confidential government letters, private presidential correspondence and legal opinions.

Sanusi’s letter and documents do not state whether he thinks the money was stolen or lost through mismanagement. Nor did he make allegations of illegal acts against any specific individuals or entities. Both corruption and bad governance are perennial problems in Africa’s most populous nation, and central issues in elections due on Feb. 14.

Nigeria’s oil industry accounts for around 95 percent of the country’s foreign exchange earnings. If Nigeria continued to leak cash at the rate described in his letter to the president, Sanusi said at the time, the consequences for the economy would be disastrous. Specifically, the failure of state-owned Nigerian National Petroleum Corporation “to remit foreign exchange to the Federation Account in a period of rising oil prices has made our management of exchange rates and price stability ... extremely difficult," he wrote. "The central bank of Nigeria is always blamed for high rates of interest,” but “given these leakages, the alternative is a devalued currency ... and financial instability."

That is exactly what has happened. As oil prices have plummeted to around $55 a barrel, half their level at the beginning of 2014, Sanusi’s successor Godwin Emefiele has devalued the naira, Nigeria’s currency, by 8 percent, and raised interest rates for the first time in more than two years.

Nigerian foreign exchange reserves are down around 20 percent on a year ago, while the balance in the country's oil savings account has fallen from $9 billion in December 2012 to $2.5 billion at the start of this year, even though oil prices were buoyant over much of that period. Finance Minister Ngozi Okonjo-Iweala told reporters at a press conference in November that a significant portion of that money was distributed to the powerful governors of Nigeria’s 36 states instead of being saved for a rainy day.

Nigerians are rarely shocked by stories of billions going unaccounted for, or ending up with politically powerful individuals. Africa’s largest oil producer has for years consistently ranked toward the bottom of Transparency International’s Corruption Perceptions Index.

Sanusi handed his documents to a parliamentary inquiry set up last February to investigate the assertion in his letter that billions of dollars in oil revenue had not reached the central bank. He told the inquiry that state oil group NNPC had made $67 billion worth of oil sales in the previous 19 months. Of that, he said, between $10.8 billion and $20 billion was unaccounted for.

A spokesman for the president declined to comment on the specific contents of Sanusi’s dossier. He referred to a statement made at the time the banker was pushed out. It said the government “remains committed to ensuring integrity and accountability and discipline in every sector of the economy ... And indeed we look forward to a situation whereby Mr. Sanusi will continue to assist the legislature in their investigations.”

Those investigations include a “forensic audit” of the oil industry set up by Okonjo-Iweala. The audit was given to Jonathan on Feb. 2 and he said he would hand it on to Nigeria’s auditor general. NNPC said on Feb. 5 it had received a copy of the audit, before it was made public. The firm said the audit cleared it of wrongdoing, although it found NNPC owed the government $1.48 billion for a separate shortfall.

A spokesman for NNPC rejected Sanusi's allegations and referred Reuters to last August’s Senate inquiry. The inquiry expressed satisfaction that most of the money not remitted was withheld for legitimate reasons. But it urged the NNPC to remit $700 million that the committee said it could not account for.

Diezani Alison-Madueke, the oil minister who oversees NNPC, did not respond to a request for comment. She told the inquiry at the time that the correct sum for money not remitted was $10.8 billion, which was to pay for subsidies.

The NNPC has consistently said it did nothing wrong. The oil company said last year that Sanusi’s allegations came from his "misunderstanding" of how the oil industry works. The central bank is “a banking outfit ... how will they understand petroleum engineering issues?" then managing director Andrew Yakubu asked journalists. "They are not auditors."

Sanusi’s claims were seen by some Nigerians as part of the historic tensions between the country’s wealthy, Christian south and poorer Muslim north. Jonathan and oil minister Alison-Madueke are Christians from the oil-producing Niger Delta in the south. Sanusi is a Muslim from the country’s north, as is Muhammadu Buhari, a former military ruler of Nigeria who is the main presidential candidate running against Jonathan. The two regions have historically taken it in turns to hold the presidency. Since 2009, though, Jonathan has broken with this tradition.

Sanusi has said any notion there were religious or ethnic politics behind his allegations is absurd. He has declined to be interviewed since becoming the Emir of Kano.

But last April, two months after he was sacked but before he took on his new role, Sanusi told Reuters he worried that the sheer quantities of cash going missing were “unsustainable.”

“You are taking what doesn’t belong to you and transferring it to private hands,” he told Reuters. “The state is captive to vested interests.”

NO-BID CONTRACTS

Sanusi’s documents identify three key mechanisms through which Nigeria has allegedly allowed middlemen to channel oil funds away from the central bank. Among the recipients, Sanusi alleges, are government officials and high-flying society figures.

The three mechanisms are: contracts awarded non-competitively to two companies that did not supply services but sub-contracted the work; a kerosene subsidy that doesn’t help the people it is meant to; and a series of complex, opaque "swap deals" that might be short-changing the state.

Sanusi’s concerns around the first of these mechanisms center on the 2011 sale by RoyalDutch Shell of its interests in five oil fields. The blocks were majority-owned by NNPC. The government, keen to end the domination of the oil industry by foreign oil majors, had been encouraging Shell and others to sell to local firms.

Shell sold its interest in the fields to companies in Poland and Britain. But the new owners did not get the same rights Shell had. To promote local control, the NNPC gave the right to operate the fields to its own subsidiary, the Nigerian Petroleum Development Company (NPDC).

Without soliciting bids, the NPDC signed "strategic partnership agreements" worth around $6.6 billion with two other local firms to manage them.

One firm, Seven Energy, signed for three fields; another, Atlantic Energy, for two.

Seven Energy was co-founded in 2004 by Kola Aluko, an oil trader and Christian southerner. Aluko also co-owned Atlantic with another southerner, former oil trader Jide Omokore. Atlantic was incorporated the day before it signed the deals.

Geneva-based Aluko is a high-profile member of Nigeria's elite. He owns a fleet of supercars, including a Ferrari 458 GT2 that he races with Swiss team Kessel Racing. He also owns a $50 million yacht, according to Forbes magazine, and divides his time between a $40 million home in Los Angeles, an $8.6 million duplex on Fifth Avenue in New York, and homes in Abuja and Geneva. A colleague describes him as a "work hard, play harder kind of guy. He’s extravagant. That’s just his style.”

Aluko, whose stake in Seven is now minimal, did not respond to emailed questions.

Omokore has also become rich from oil and gas. Forbes has estimated annual revenue at another of his companies, Energy Resources Group, at $400 million. His jet-setting lifestyle is a regular feature in the local press. Omokore could not be reached for comment.

Reuters has reviewed the contracts the firms signed with NPDC. They give Seven Energy 10 percent of profits in the three oil blocks it operates, while Atlantic gets 30 percent of profits in its two blocks. The contracts also show that, unlike Shell, neither firm pays royalties, profit tax or duties to the state.

Both companies quickly sub-contracted production work to other operators, according to Sanusi's submission to parliament and several market sources. The companies did not disclose terms of these contracts.

Atlantic does not publish accounts, but Seven’s 2013 annual report shows its deal with NPDC helped its revenue more than triple to $345 million.

In May 2013, Nigeria’s parliament threatened to investigate the NPDC contracts because they were not issued through competitive tender. But the NNPC argued no tender was needed because the contracts involved no sale of equity in the oil fields; the probe did not go ahead.

Sanusi did not accuse Seven and Atlantic of any illegalities, but he did question why the NPDC chose those companies. His report said the deals’ only purpose seemed to be “acquiring assets belonging to the federation (state) and transferring the income to private hands."

Asked about this, NNPC referred to the Senate report, which found that no-bid partnership agreements are not new. It also said that "it may be good policy to encourage indigenous players by giving them greater participation," but called for such deals "to be conducted in a transparent and competitive manner."

Seven did not comment. It says on its website its agreement with NPDC pre-dated the Jonathan administration and included an allowance for taxes. The company says it has invested more than $500 million, more than doubled production from its three blocks, and paid $48.8 million in taxes in 2013. Atlantic did not comment.

KEROSENE SUBSIDIES

The second mechanism Sanusi’s report identifies as problematic is a decades-old state subsidy provided to retailers of kerosene, the fuel most Nigerians use for cooking.

Nigeria lacks the refining capacity to make kerosene, so imports it instead. The government then sells the kerosene to retailers at a cheaper price than the import price. This subsidy is meant to make kerosene affordable for the poor. In reality, though, retailers have long hiked prices so consumers pay much more than official levels.

In June 2009, Jonathan’s predecessor, Umaru Yar'Adua, ordered a halt to the scheme on the grounds that it was not working. But the subsidies carried on regardless. The NNPC told parliament last February that it still deducts billions of dollars a year from its earnings to cover it.

In his report, Sanusi called the kerosene subsidy a "racket" that lines the pockets of private kerosene retailers and NNPC staff. The report estimated the cost of the subsidy at $100 million a month. It said kerosene retailers – there are hundreds of them around the country – routinely charged customers much higher prices than the government pays to import the fuel.

Sanusi’s report included an analysis of kerosene prices across Nigeria’s 36 states over two years. It found that the government buys kerosene at 150 naira per liter from importers and then sells it to retailers at just 40 naira per liter. Sanusi’s analysis found consumers pay an average of 170-200 naira per liter, and sometimes as much as 270 naira.

“The margin of 300 percent to 500 percent over purchase price is economic rent, which never got to the man on the street,” Sanusi wrote.

NNPC said in a statement last year that it can't force retailers to sell kerosene at the subsidized price.

SWAP DEALS

The third mechanism Sanusi identified involves other types of refined petroleum products, such as gasoline. Like kerosene, these are also imported. Nigeria is Africa’s biggest oil producer but it depends on imports for 80 percent of its fuel needs because its refining capacity is tiny.

To pay for the imported products, Nigeria barters its crude oil. Sanusi’s dossier focuses on these barter exchanges, which are known as "swap deals." The idea is that importers who bring in refined fuel worth a given amount receive an “equivalent value” in crude oil.

How that equivalent value is determined is unclear. Sanusi said he was uncertain how much, if anything, is lost in these deals. But he expressed concern at the sheer value of oil that changes hands and the lack of oversight. His report estimated that between 2010 and 2011, traders involved in swap deals effectively bartered 200,000 barrels of crude a day – worth nearly $20 million at average crude prices over the period - for a loosely determined equivalent value in refined products. It is impossible to tell, he said, if all the refined products were delivered, let alone if the terms were fair.

“It was clear to us that these transactions ... were not properly structured, monitored and audited,” he wrote.

Sanusi wrote in his report that mismanagement and “leakages” of cash in the industry cost Nigeria billions of dollars a year.

Since the price of oil has fallen by around half since the start of 2014, such losses are even more significant. As it approaches elections, Nigeria faces plummeting oil revenues and a lack of buffers to shield the economy. Construction projects are on hold and the government is struggling to pay its sizeable workforce.

Multiple scandals in the oil sector since Jonathan took power have boosted the popularity of his rival, former military leader Muhammadu Buhari. Remembered by some for deposing a civilian government in a 1983 coup and trampling on civil liberties, the sandal-wearing general often promises to "free Nigeria from corruption."

Jonathan, too, says he will “clean up” Nigeria. By using technology and strengthening institutions, “I will solve the problem of corruption in this country,” he told a crowd in Ibadan in January.

Written by Tim Cocks and Joe Brock

Reuters

Related story: Video - Finance minister Okonjo-Iweala talks about alleged missing $20 million

Thursday, February 5, 2015

Audit report by PricewaterhouseCoopers indicts NNPC and states the Nigerian petroleum corporation should refund $1.48 billion

The forensic audit conducted by the audit firm of PriceWaterHouseCoopers on behalf of the Federal Government on the operations of the Nigerian National Petroleum Corporation [NNPC] has indicted the management of the national oil company for various questionable transactions.

Part of the recommendations include that the Nigerian Petroleum Development Company, NPDC, the upstream subsidy of the NNPC should refund about $1.48billion to the Federation Account for various unreconciled transactions.

More details of report to come.

President Goodluck Jonathan had on Monday publicly received the report a day after a former Governor of the Central Bank of Nigeria [CBN], Chukwuma Soludo, wrote a long, acerbic article accusing the managers of the Nigerian economy of misappropriating over N30trillion of public funds, including several billions in oil money.

The forensic audit was commissioned following allegation by the immediate past Governor of the CBN, Lamido Sanusi, that about $20 billion oil money was missing from the NNPC.

The Presidency had on March 12, 2014 announced, through a statement by the president’s spokesperson, Reuben Abati, that it had authorised the engagement of reputable international firms to carry out the forensic audit of the accounts of the NNPC.

The allegation that the huge amount had been stolen was raised in 2013 by a former governor of the Central Bank of Nigeria, Lamido Sanusi, who is now the Emir of Kano.

Mr. Sanusi said as much as $49 billion was diverted by state oil company, Nigerian National Petroleum Corporation, NNPC.

He later reviewed the amount to $20 billion, and called for investigations after writing to President Goodluck Jonathan.

A Senate probe into the allegation yielded no result. Mr. Sanusi was later fired by President Jonathan after he was accused of “financial recklessness”.

The government said no money was missing, but promised a forensic investigation of NNPC.

In April 2014, the Minister of Finance, Ngozi Okonjo-Iweala, announced the appointment of the accounting firm, PriceWaterHouseCoopers (PwC), to conduct a detailed investigation into the accounts and activities of NNPC.

The minister said the investigation, under the supervision of the Office of the Auditor-General of the Federation, would take about 16 weeks.

That schedule meant at most by September 2014 ending, the report should have been ready. A two-month delay meant the report should have been ready by November.

But the government only publicly received the report on Monday.

Premium Times

Related stories: Video - Finance minister Okonjo-Iweala talks about alleged missing $20 million dollars

 Video - Sanusi Lamido's TEDx speech - Overcoming the fear of vested interest

Forced out Central Governor Lamido Sanusi wins case in court against the government

Stolen crude oil in Nigeria exceeds Ghana's daily production

The vice-presidential candidate of the All Progressives Congress (APC) Prof. Yemi Osinbajo says the volume of crude oil being stolen from Nigeria on a daily basis far outweighs what Ghana produces in a day.

He was delivering a speech as the guest speaker at a lecture organised to mark the 73rd birthday of the General Overseer of the Redeemed Christian Church of God (RCCG) Pastor Enoch Adeboye in Lagos yesterday.

Osinbajo, a senior pastor of the RCCG, spoke on the topic: "Harmonising Virtues to Gain Heaven and Earthly Prosperity." He said part of the many challenges confronting Nigeria today is the problem of oil theft.

"In our society, we have certain challenges including corruption, described by Hillary Clinton as unbelievable, missing funds NNPC petroleum subsidy scam, kerosene subsidy scam and so on. Missing excess crude amounts to $1 billion, that is, 400,000 barrels of oil stolen every day. This is more than what Ghana struggles to produce as a nation. Since becoming an oil producing country, Ghana produces 120,000 barrels per day", he said.

Osinbajo also lamented some statistics he said had become part of Nigerian history in recent years.

He said: "Challenges such as poverty is what we face today in Nigeria. Today, over 112 million Nigerians are categorised as extremely poor despite being the largest economy in Africa. In fact, we are one of the 33 poorest countries in the world. Also, on infant mortality, about 3.9 million children have died between 2009 and 2014. Similarly, 55,000 women die every year, which accounts for our maternal mortality. On the other hand, Nigeria records 110,000 deaths as a result of diarrhoea while 10.4 million children are out of school. Again, 80 percent of our graduates are jobless".

To surmount the challenges, Osinbajo said Nigeria needs a personality that has integrity, "because integrity is at the centre of everything we do."

Daily Trust

Chad retakes border town in Nigeria

Chad’s government said this week that its military had retaken a border town in Nigeria from the Islamist militant group Boko Haram, suggesting that momentum in the nearly six-year war against the group may finally be shifting.

Chad said that its forces had been attacked Tuesday along the Cameroon-Nigeria border and that they responded by crossing the frontier into the Nigerian town Gamboru Ngala, which has been held for months by Boko Haram.

The Islamists were “completely wiped out” there, with the death of nine Chadian soldiers and “more than 200” on the Boko Haram side, according to a statement from the Chadian government.

The Chadian incursion into Nigeria in pursuit of Boko Haram, its second in less than a week, underscores the failure of Nigeria’s own military to take on the Islamists despite years of civilian massacres by the militants in the country’s northeast.

Here in Nigeria’s capital, officials this week have largely denied, ignored or minimized Chad’s new role in the fight on Nigerian soil. The African Union has endorsed the creation of a 7,500-member regional force to fight the Islamists and aid Nigeria’s faltering military.

But it is the Chadians — whose soldiers played a critical role in chasing Al Qaeda’s African affiliate from Mali, in partnership with the French, two years ago — who have so far taken the lead.

Western diplomats here, exasperated by Nigeria’s ineffectual response so far, said the new Chadian presence could be a “game changer” in the fight against Boko Haram, as one put it.

“As usual, they are doing the job,” a Western diplomat said in a text message about the Chadians. “Above all with their planes, and their helicopters, and since the 20th of January.”

On Wednesday, the remaining militants in the Gamboru area counterattacked, crossing the bridge from Gamboru into the Cameroon border town Fotokol, where they killed many civilians before being pushed back by the Chadian and Cameroonian military forces, according to a Chadian military official.

A north Cameroon newspaper, L’Oeil du Sahel, reported Wednesday that “Boko Haram perpetrated a massacre at Fotokol. Dozens of people were slaughtered, in the mosques, in their houses, killed in the streets.”

Chad has an interest in the Boko Haram fight on economic as well as security grounds. Many goods into the landlocked country are shipped up from the port at Douala in Cameroon through that country’s narrow northern neck, an area that has been ravaged for over a year by Boko Haram incursions from neighboring northeastern Nigeria.

“Chad’s forces are determined to crush this force of evil,” Chad’s information minister, Hassan Sylla Bakari, said Wednesday. “We are absolutely determined because Boko Haram is a threat to the entire subregion. They want to asphyxiate the Chadian economy by blocking our outlets in Nigeria and Cameroon.”
New York Times

Related story: Chad military forces enter Nigeria to fight Boko Haram

Wednesday, February 4, 2015

Chad military forces enter Nigeria to fight Boko Haram

Chadian troops have crossed into northeastern Nigerian town of Gambaru to launch a ground offensive for the first time against Boko Haram fighters that control the town bordering Cameroon, Chadian military sources have said.

Fighting between the two sides began after armoured vehicles and soldiers from Chad entered the strategic Nigerian town on Tuesday in an increasingly regional conflict.

"Our troops entered Nigeria this morning. The combat is ongoing," one of the sources at Chad's army headquarters told the Reuters news agency.

Chadian forces have also taken up position close to Boko Haram strongholds along Nigeria's border with Niger.

"A contingent of about 400 vehicles and tanks is stationed between Mamori and Bosso," Niger's private radio Anfani reported.

The ground offensive followed days of intense combat between Boko Haram fighters and Chadian forces in Cameroon, during which Chad's air force carried out strikes on the rebels, Chadian and Cameroon military sources said.

Boko Haram fighters had launched attacks across the border bridge from Gambaru into Cameroon, the sources said.

Nigeria's military said the country's sovereignty was not compromised despite the presence of Chadian ground troops on its territory.

"Nigeria's territorial integrity remains intact," Defence spokesman Chris Olukolade said, claiming national forces had "planned and are driving the present onslaught against terrorists from all fronts in Nigeria, not the Chadian forces".

Chad has deployed some 2,500 troops as part of a regional effort to take on the armed group that has waged a rebellion in Nigeria's north, killing an estimated 10,000 people last year. The group says it wants to establish an Islamic state in Africa's biggest oil producer.

Major supply route

The road from Gambaru to Fotokol in Cameroon is one of Boko Haram's major supply routes. It has been hampered since Cameroon deployed special forces to the area in mid-2014, leading to fierce fighting in the area.

The Nigerian government said on Monday that Gambaru alongside several other towns in the region including Mafa, Mallam Fatori, Abadam and Marte had been liberated from Boko Haram.

In a further sign of mounting international action to combat the militant group, France said on Tuesday that French military aircraft are carrying out surveillance missions to help countries bordering Nigeria tackle Boko Haram.

The African Union (AU) has authorised a force of 7,500 troops from Nigeria, Chad, Cameroon, Niger and Benin to fight the rebels.

Aljazeera 

Tuesday, February 3, 2015

President Goodluck Jonathan escapes suicide bomber during presidential campaign rally

A female suicide bomber has blown up herself in northern Nigeria's Gombe city, minutes after President Goodluck Jonathan left a campaign rally there.

At least one person was killed and 18 others were wounded in the blast, police and hospital sources said.

Mr Jonathan is standing for re-election on 14 February against former military ruler Muhammadu Buhari.

Militant Islamist group Boko Haram has stepped up its attacks in the run-up to the contest.

It has not commented on the blast.

Explosions have also ripped through court buildings in three towns in oil-rich southern Nigeria in what police described as co-ordinated attacks.

Dynamite was suspected to have been used in the attacks in Port Harcourt city and the towns of Isiokpo and Degema in oil-rich Rivers State, regional police spokesman Ahmad Muhammed said.

There were no casualties, but the court building in Degema was "razed down and documents burnt", he is quoted by Nigeria's privately owned Daily Trust newspaper as saying.

Boko Haram is not known to be active in the oil-producing region, where militants demanding a greater share of Nigeria's oil wealth have carried out attacks in the past.'Angry youth'

In the blast in Gombe, the bomber blew herself up near a car, Gombe state police spokesman Fwaje Atajiri told the BBC.

He said a female passerby had been killed, contradicting earlier reports that three people had been killed in the blast.

Mohammed Bolari, who was at the rally in Gombe, said the explosion occurred some three minutes after Mr Jonathan's departure, AFP news agency reports.

"The president had just passed the parking lot and we were trailing behind his convoy when the explosion happened," he was quoted as saying.

Mr Jonathan addressed a rally in the north-eastern city a day after it was hit by two blasts that killed at least five people.

A local journalist told AFP the latest blast had led to unrest in Gombe, with angry youths attacking supporters of Mr Jonathan's People's Democratic Party (PDP).

"They were shouting and denouncing the president's visit which they blamed for the attack," he added.

A report in the Nigerian paper The Vanguard says the president and Mr Buhari have cancelled scheduled election rallies in Damaturu in Yobe state and Maiduguri in Borno state respectively.

It may not have been as large as other bombings in Nigeria but the timing of the latest attack will have shocked the security forces. The violence is escalating in the run-up to elections due in less than two weeks.

The attacks are blamed on Boko Haram which is against democracy and says it wants to set up a caliphate.

As well as the bombings the military is facing a huge challenge as the Boko Haram fighters try to capture more territory in the north-east.

On Sunday, the military and local vigilantes prevented the jihadists from penetrating Maiduguri city in Borno state for the second time in a week.

Military aircraft from Chad have meanwhile continued their attacks on Boko Haram positions in north-east Nigeria for a third day.

Eyewitnesses said Chadian jets and helicopters hit targets in the town of Gamboru, just across the border from Cameroon.

Chad sent forces into northern Cameroon in January, driving Boko Haram out of the area but stopping short of advancing on the militants' strongholds deeper inside Nigeria.

Chadian forces are reported to have been massing in the Cameroonian border town of Fotokol since Sunday.

The election is expected to be the most tightly contested since military rule ended in 1999 but there are growing fears that voters in areas controlled by Boko Haram will not be able to vote.

Last week, the African Union (AU) backed plans for the deployment of a 7,500-strong regional force to fight Boko Haram.

Mr Jonathan declared a state of emergency in Nigeria's north-eastern states of Borno, Yobe and Adamawa in May 2013, but it has not stopped the Boko Haram offensive.


BBC


Related story: Angry mob stones President Goodluck Jonathan's convoy

Monday, February 2, 2015

Video - Bird flu in 11 states in Nigeria


An outbreak of bird flu in Nigerian poultry farms has spread to four more states, raising the total of affected areas to 11. That is according to the agricultural and rural development minister Akinwumi Adesina.

Nigeria's military defend Maiduguri from Boko Haram attack

The Nigerian army says it has repelled an assault by Boko Haram Islamist militants on the strategic north-eastern city of Maiduguri.

Defence Ministry spokesman Chris Olukolade is quoted as saying the attack was "contained" and the rebels suffered heavy casualties.

The militants attacked in the early hours of Sunday, and gunfire was reported on the streets of the city.

Last week's assault by Boko Haram on the city was also stopped by the army.

Boko Haram began guerrilla operations in 2009 to create an Islamic state. It has taken control of many towns and villages in north-eastern Nigeria in the last year.

The conflict has displaced at least 1.5 million people, while more than 2,000 were killed last year.'Stray bullets'

Brig Gen Olukolade was quoted by the AFP news agency as saying that "the terrorists incurred massive casualties" on Sunday.

"The situation is calm as the mopping up operation in the affected area is ongoing," he added.

A number of eyewitnesses confirmed the army claim.

They also said that several civilians had been hit by stray bullets and bombs during the fighting.

The army was supported by vigilantes who recently have taken a central role in fighting the militants.

The military's handling of the six-year insurgency has often been criticised.


BBC

Friday, January 30, 2015

Video - Boko Haram victim Abba Mohammed Bashir Shuwa travels to U.S. to see reason for lack of international assistance


The victim of a recent attack by the radical group Boko Haram has flown to the United States to confront the U-S military commander in Africa about the international response in Nigeria. Last week, militants ransacked the home of Abba Mohammed Bashir Shuwa. He decided to fly to Washington to appeal directly to the top U-S general in Africa.

Military officers arrested for failure to prevent Baga attack in Northern Nigeria

A Brigadier General, Enitan Ransome-Kuti, his Chief of Staff, Lieutenant Colonel G.A. Suru and some other senior officers have been arrested by the authorities of the Nigerian military over their failure to repel the attack on the headquarters of the Multinational Joint Task Force [MNJTF] in Baga.

Mr. Ransome-Kuti, the Commander of the Multi-National Joint Task Force, MNJTF, his Chief of Staff and the other senior officers were detained shortly after they arrived Maiduguri from Monguno where they and their troops took refuge after they were dislodged from Baga.

The arrest of the officers was exclusively disclosed to PREMIUM TIMES Wednesday by reliable military insiders who requested not to be named as they were not authorised to speak on the matter.

Also arrested, our sources said, are the Commanding Officers of the 134 and 174 Battalions — a Lieutenant Colonel Haruna and a Major Aliyu. The two battalions are under the MNJTF but were also dislodged from their locations during the Boko Haram offensive of January 3.

These senior officers, now being held at the officers’ mess of the 21 Armoured Brigade, Maiduguri, were arrested over their inability to repel the Baga attack in spite of the weapons in their arsenal. They have also been asked to account for the weapons lost to the insurgents.

Mr. Aliyu is an acting commanding officer of the 134 battalion. PREMIUM TIMES learnt that the substantive commanding officer of the battalion, a Lieutenant Colonel Etang is already facing court-martial following a previous attack on his battalion on November 5, 2014.

Our sources said military authorities are disappointed that the attack on Baga was not repelled by troops of both battalions and the MNJTF headquarters despite all weapons made available to them.

The sources said the military authorities are especially angry with Mr. Ransome-Kuti for his inability to lead his troop to counter the Boko Haram onslaught despite the high calibre weapons and ammunition made available to his formation.

The Brigadier General is also send to have gone underground for four days after the MNJTF was dislodged.

“Nobody was able to reach him and nobody could tell where he was,” one of our sources said. “The suspicion is that he was roaming around Maiduguri in mufti while his troop were in disarray. He and his officers have to account for everything.”

Also, the Brigade Commander of the 5 Brigade, Monguno, a Brigadier General Yekini, who was injured in the Monguno attack on Sunday, is yet to be arrested because he is still receiving treatment for injuries sustained during the attack, PREMIUM TIMES learnt.

He has been placed under close watch on his hospital bed, and might be fully detained once he is discharged from hospital, our sources said.

However, Defence spokesperson, Chris Olukolade, declined to confirm or deny the arrests.

He however said it is not unusual for the military to hold officers accountable for the tasks assigned to them.

“Every officer who is given a mission must be made accountable for his performance, and that is not necessarily an indictment of the officer; at least until investigations are concluded,” Mr. Olukolade, a Major General, said.

Suspected members of the Boko Haram sect had on January 3 attacked the base of the Multi-National Joint Task Force, MNJTF, in Baga, Borno State, dislodging the soldiers.

A senior security official said the attack, which started at about 5 a.m., was one of the fiercest in recent times as soldiers battled to hold their grounds without much success.

The MNJTF was created by defence and military chiefs from the six countries that make up the Lake Chad Basin Commission to combat arms trafficking, terrorism and related cross-border attacks that have continued to rise in the region.

Boko Haram terrorists see the existence of the MNJTF as a major threat to their operations, hence their continued attack on the base and the town with a view to having full control of the area.

In the last two years, Baga town has suffered five major attacks with high casualty – the latest being that of November 2014 when Boko Haram terrorists ambushed fishermen returning from a night fishing expedition and slit the throats of 43 of them.

The terrorists also launched three different attacks on Borno’s three largest towns – Maiduguri, Konduga and Monguno on Sunday. While the attacks on Maiduguri and Konduga were repelled by the Nigerian military, Monguno fell to the the insurgents.

On Monday, PREMIUM TIMES had exclusively reported how, despite warning troops to remain on alert, the leadership of the 5 Brigade failed to take the necessary steps and make the right deployment of men and equipment to check the imminent attack.

The troops were indeed warned to be at alert following intelligence report that terrorists would strike between January 22 and 25.

Despite the warnings, when the terrorists arrived on Sunday, the troops were taken by surprise.

Military insiders said the insurgents arrived at about 2 am on Sunday, parking their Hilux vans deep into the bush, with their headlights on.

Soldiers of the Brigade, who saw the unusual lights, began to shoot in the direction of the vans without knowing that the insurgents had left the vans and advanced close to the Brigade headquarters.

Suddenly, the insurgents began to shoot sporadically. The troop of the Brigade, including those of the Multinational Joint Task Force [MJTF], who were camped at a school inside the barracks after they were dislodged from Baga, engaged the terrorists in a long exchange of gunfire.

The biggest fighting tank owned by the brigade, known as “shika,” killed several insurgents, and wounded several others.

It was such a long battle that the equipment, which provided cover for ground troops, suddenly ran out of ammunition and began to withdraw.

As it withdrew, the rifle men behind also retreated, as the insurgents followed in pursuit. In the process, Brigade Commander, Mr. Yekini and a few other soldiers were wounded. It is not clear the number of soldiers and while 53 insurgents were killed in the attacks.

“We could have overpowered the insurgents, but there was no enough ammunition,” an officer, who participated in the battle, had told PREMIUM TIMES.

Premium Times

Related story: Nigerian army were warned of Baga attack beforehand

Angry mob stones President Goodluck Jonathan's convoy

Angry mobs upset over the handling of militant group Boko Haram on Thursday pelted the motorcade of Nigerian President Goodluck Jonathan.

The protesters hurled stones at the convoy as it left the palace of a traditional chief in Jalingo, the capital of the northeastern state of Taraba, where Jonathan had gone on a courtesy call before holding a rally as part of his re-election campaign.

Nigerians will vote for their next president February 14.

Several vehicles were damaged in the attack, according to witnesses.

"As soon the convoy left the palace of the emir of Muri, the crowd threw stones and broke the windscreens of several vehicles and dented others," said Jalingo resident Clement Moses.

The crowd, made up mostly of young men, was angry at the heavy military and police presence deployed for the presidential visit.

Armed soldiers and policemen blanketed the city and forced businesses to close.

"People were angry with the huge military deployment for the president, while Boko Haram continue(s) to run over towns and villages in neighboring Borno, Adamawa and Yobe states," said Bala Jika, another resident.

"They kept shouting that soldiers should deploy to Sambisa forest in Borno state and fight Boko Haram instead of coming to the city and harassing the people already traumatized by Boko Haram," Jika said.

Policemen fired tear gas to disperse the crowds. There were no immediate reports of injuries or arrests.

Jonathan has come under heavy criticism at home and abroad over his response to Boko Haram.

The group has terrorized northern Nigeria regularly since 2009, attacking police, schools, churches and civilians, and bombing government buildings.

The Islamist group has said its aim is to impose a stricter form of Sharia law across Nigeria, which is split between a majority Muslim north and a mostly Christian south.

It has sacked dozens of villages close to the border with Cameroon this month, slaughtering residents and abducting others.

Thursday was not the first time the president's convoy was attacked.

On January 20, his motorcade was stoned in the northern city of Katsina, where he was campaigning. Jonathan faces a formidable challenge from a opposition alliance.

CNN

Related story: Video - President Goodluck Jonathan visits Boko Haram hit North Eastern Nigeria

Thursday, January 29, 2015

Nigerian army were warned of Baga attack beforehand

Nigeria's army failed to protect Baga's civilians despite warnings that militants were going to attack, rights group Amnesty International has said.

Some reports say as many as 2,000 people died in Boko Haram's raids on the north-eastern town this month, but the government puts the toll at 150.

Amnesty quotes an unnamed senior army source as saying the Islamist militants told residents about the offensive.

But the defence spokesman told the BBC there had been continuous patrols.

"It is not true to say nothing was done," Maj Gen Chris Olukolade said in response to Amnesty International's allegations.

Boko Haram launched a full-scale insurgency in north-eastern Nigeria in 2009 to create an Islamic state.

But since the government declared a state of emergency 20 months ago in three north-eastern states to deal with it, Boko Haram has strengthened and now controls several towns, where it has declared a caliphate.

According to evidence gathered by Amnesty International, commanders at the military base in Baga, in the far north-east of Nigeria, regularly informed military headquarters in November and December 2014 of the threat of a Boko Haram attack and repeatedly requested reinforcements.

There were also warnings that the town of Monguno, about 140km (85 miles) north of Maiduguri city which was captured by Boko Haram on Sunday, would be attacked.

"Everyone was aware," a Monguno resident told Amnesty.

"Boko Haram came on Wednesday last week [21 January] and asked the villagers [in nearby Ngurno] to leave because they are coming to attack the barracks. The villagers told the soldiers."

Amnesty International's Africa director Netsanet Belay said the attacks were an "urgent wake-up call for the Nigerian leadership, the African Union and the international community".

Maj Gen Olukolade said in operational areas surveillance would have been continuous to ward off attacks.

Earlier this month, Chadian soldiers deployed to Cameroon's border with Nigeria to help secure the porous border.

African Union heads of state are going to include the conflict in north-eastern Nigeria on the agenda of their summit, due to begin on Friday.


BBC


Related stories: Boko Haram attacks the same town it kidnapped the schoolgirls from

Video - President Goodluck Jonathan visits Boko Haram hit North Eastern Nigeria

Wednesday, January 28, 2015

Jumia is biggest e-commerce website in Nigeria

Alexa an Amazon.com company, the global pioneer in the world of analytical insight, ranks Jumia.com.ng as the biggest e-commerce website in Nigeria, still ranking as the most visited local content website in the Nigeria. Looking at the exploits of Jumia over the past year, it is not hard to see why this widely trusted shopping website is visited by several millions month on month.While this is a big deal for any brand, the company however hasn’t rested on its laurels of providing quality retail services to its customers, always consistently and aggressively fighting to get the best deals for its customers. It still eludes many as to how this giant in 3 years has become one of the most influential brands in Nigerian business circles.

Jumia.com.ng is building organized retail in Nigeria and empowering Nigerians with great deals. Currently running its Fashion Super Clearance Sale with 80% off fashion products. The guys at Jumia with their knack for giving customers an exciting retail experience are also launching a Valentine’s campaign, with a special something on February 4th where Nigerians can log on to jumia.com.ng to ‘Vote for Love’.

On the eccentric shopping campaigns at amazing deals the retailer is known for; “Retail is a lifestyle. It’s what you see, what stirs your senses, what you feel, what makes you who you are…Retail is a day to day of each and every one of us, and as such a personal experience that should be close to home”, Dr. Jonathan Doerr, MD Marketing, Jumia Nigeria.

From becoming the first African retailer to bring home an award in the coveted World Retail Awards, pioneering and building organized retail in Nigeria, empowering Nigerians with quality retail information and the widest array of products anywhere in the country, Jumia.com.ng keeps blazing the trail and breaking new frontiers.

Information Nigeria

Related stories: Nigeria's answer to amazon.com

 How Nigerian students created Nigeria's biggest online-job search site Jobberman

Video - Entrepreneur Adeyoin Oshinbanjo talks about her successful venture Mile 12 Marketonline

Tuesday, January 27, 2015

Video - Entrepreneur Adeyoin Oshinbanjo talks about her successful venture Mile 12 Marketonline



A visit to Nigeria's Mile 12 market in Lagos can be a harrowing experience owing to congestion and general disorder. It is a lot worse if you are unfamiliar with it. But as any good entrepreneur will tell you, chaos is not always a bad thing and many times presents good business opportunities. And that is exactly what a young Nigerian woman has done as Deji Badmus now tells us.


6 Nigerians make Forbes list of youngest power women in Africa

Video - More women taking the lead in Nigeria's oil sector

Displaced victims of Boko Haram attacks have no voting documents

When the Boko Haram fighters swept into her town, Salamatu Billi fled for her life, running so fast that she didn’t even think about her identification documents.

Today, after five months of homelessness, she has learned that she cannot cast a ballot in Nigeria’s crucial election next month, the most closely contested in the country’s history. Having already lost her life’s possessions when Boko Haram captured her town in northeastern Nigeria, she has now also lost the right to vote.

“I’m worried that my people’s voices won’t be heard,” Ms. Billi said in an interview on Monday. “Many us won’t be able to vote.”

More than a million Nigerian refugees and displaced people are in a similar dilemma, facing the danger of disenfranchisement as one more indignity after losing everything else to Boko Haram.

Millions of other citizens are unlikely to get their voting cards in time to participate in the Feb. 14 election, for a range of bureaucratic reasons. It’s emerging as one of the fiercest controversies of the campaign, threatening to damage the legitimacy of the winning candidate and heighten the risk of postelection violence.

Many displaced people, such as Ms. Billi, cannot get voting cards because they lack documents, missed the chance to be registered when they fled, or are too frightened to return to their home state, where they must vote under election rules. As much as 20 per cent of Nigerian territory is under Boko Haram’s control, and voting will be virtually impossible there.

There are widespread suspicions that Nigeria’s ruling party, the People’s Democratic Party, will use the voting-card problems and the Boko Haram crisis to seek a substantial delay in the election. The government’s national security adviser, Sambo Dasuki, last week called for a delay in the election, claiming that 30 million voter cards have not been distributed to eligible voters.

Nigeria’s election commission has denied the charge, saying that only 13 million cards were uncollected as of last week, and many of those will still be distributed before the election.

But the claim of 30 million disenfranchised voters is still circulating, promoted by those who want to postpone the election. Anonymous brochures have begun appearing in the capital, Abuja, demanding a 60-day delay in the election. “Please support this call to save our nation from imminent disaster,” the brochures say.

Similar slogans appear on T-shirts and caps in Abuja, but those who wear the items are vague on who distributed them or paid for them. The shirts read: “30 million Nigerians cannot be disenfranchised.”

Mike Omeri, an official Nigerian government spokesman, said it wouldn’t be fair to hold the election if half of the 68 million registered voters cannot vote. A postponement of perhaps six weeks could be a fair alternative, he said in an interview on Monday.

John Kerry, the U.S. Secretary of State, visited Nigeria on Sunday and urged that the election be held on time. President Goodluck Jonathan pointedly declined to say whether the election would be held on time, saying only that the May 29 date for the new president to take power is “sacrosanct.”

A spokesman for the main opposition party, the All Progressives Congress, accused the government of looking for a pretext to postpone the elections and extend its rule with an “interim” government. “We have the momentum, the government are the laggards, so they want delays,” said the spokesman, Garba Shehu. “The government wants to cling to power.”

But regardless of whether the election is delayed, the reality is that millions of Nigerians have been effectively disenfranchised because of the Boko Haram rebellion. The disenfranchised voters are just one of the election flashpoints, sparking fears of widespread violence in Africa’s most populous nation and biggest economy. At least 800 people were killed in rioting after the past election, in 2011, and next month’s vote is expected to be much closer and more contentious.

It’s being described as the first contest between two relatively equal parties, and the first in which the opposition has a realistic chance of winning. Tensions will be high, compounded by religious and regional stresses. Mr. Jonathan, a Christian from southern Nigeria, is running against Muhammadu Buhari, a Muslim from the north, with many northerners claiming Mr. Jonathan violated a tradition of rotating the presidency between the north and south.

A recent Gallup opinion poll found that only 13 per cent of Nigerians are confident in the honesty of the elections next month, compared to 51 per cent during the past election.

“In 2015, risks of violence are particularly high,” the International Crisis Group said in a recent report. “The country is heading toward a very volatile and vicious electoral contest. If this violent trend continues, and particularly if the vote is close, marred, or followed by widespread violence, it would deepen Nigeria’s already grave security and governance crises.”

Written by GEOFFREY YORK

Globe and Mail

Related story: Displaced Nigerians from Boko Haram violence might not be able to vote in Presidential elections in 2015

Monday, January 26, 2015

U.S. Vice President meets with President Goodluck Jonathan in Nigeria

 The U.S. government has advised Nigerian politicians to work towards ensuring a peaceful and violence-free February general elections.

The U.S. Secretary of State, John Kerry, gave the advice at a news conference on Sunday in Lagos at the end of a closed-door meeting he held with President Goodluck Jonathan and Muhammad Buhari, the presidential candidates of the Peoples Democratic Party, PDP, and the All Progressives Congress, APC, respectively.

“The U.S. government strongly believes in Nigeria having credible, free and fair elections next month,” Mr. Kerry said.

He said that the international community and the U.S. government were keenly interested in the conduct of next month’s election.

Mr. Kerry said that he was impressed with the outcome of his meeting with the two major presidential contenders in the forthcoming elections.

He, however, said that the U.S. government would not hesitate to deny American visa to any political office seeker involved in political violence in Nigeria.

“We want to say that any Nigerian who promotes any form of violence during the elections remains ineligible for U.S. visa,” Mr. Kerry said.

Mr. Kerry said that President Obama specifically sent him to meet with the two candidates with a view to having a violence-free election.

On security, the secretary of state also restated his government’s commitment to continue to support Nigeria in the fight against Boko Haram sect.

“The U.S. will continue to work with the Nigerian military in putting an end to the continuous killings of innocent Nigerians and attack on communities.

“The U.S strongly condemns these attacks which have escalated in the last few weeks and it is gradually spreading to neighbouring countries.”

Mr. Kerry also refuted allegation that the U.S. would in future discriminate against Nigerians and other West Africans suspected to have contacted the Ebola Virus Disease, EVD.

Premium Times

Boko Haram attack in Maiduguri, Nigeria

Nigerian Islamist Boko Haram fighters have attacked the strategically important north-eastern city of Maiduguri, with dozens reported dead.

Earlier on Sunday they captured the north-eastern town of Monguno.

The BBC's Will Ross in Lagos says that with the insurgents gaining ground, Maiduguri is increasingly at risk.

US Secretary of State John Kerry meanwhile has arrived in Nigeria to call for peaceful elections next month which need to set "a new standard".

The vote looks set to be the closest since the end of military rule 15 years ago.

Our correspondent says that Mr Kerry is in Nigeria to show solidarity in the fight against Boko Haram, which has increased its attacks in recent days.

People in Maiduguri woke up to the sound of explosions and heavy gunfire as Boko Haram launched a pre-dawn attack on this strategic city.

Ground troops, air strikes and local vigilantes managed to stop the jihadists from penetrating the city. Much of the fighting was around a barracks.

In a separate attack the town of Monguno was captured - the latest to be seized by the group.

With the insurgents gaining more and more territory Maiduguri is increasingly vulnerable. It is home to tens of thousands of people who have fled their homes because of the conflict.

Fierce fighting has been reported on the outskirts of Maiduguri. A curfew remains in place and dozens of militants and soldiers are reported to have been killed.

Human rights group Amnesty International has warned that hundreds of thousands of civilians are now "at grave risk''.

Militants also attacked Monguno, 140km (86 miles) north of Maiduguri. The army there was reported to have been overwhelmed, with houses set on fire.

A journalist in Maiduguri told the BBC that fleeing soldiers from Monguno were now arriving at the barracks in in Maiduguri.

Boko Haram, which means "Western education is forbidden" in the Hausa language, launched guerrilla operations in 2009 to create an Islamic state.

Thousands of people have been killed throughout the insurgency, mostly in north-eastern Nigeria.

In his Lagos talks, Mr Kerry urged President Goodluck Jonathan and the main opposition's presidential candidate, former military ruler Muhammadu Buhari, not to condone violence during what is expected to be a tense election campaign,

"We are prepared to do more [to counter the Boko Haram threat] but our ability to do more will depend to some degree on the full measure of credibility, accountability, transparency and peacefulness of this election," Mr Kerry said.


BBC

Friday, January 23, 2015

Video - Nigeria reaching a landmark of 6 months without a single case of polio



Nigeria was earlier this week awarded 8.1 million US dollars in funding in a final push to eradicate polio. Africa's most populous nation has so far been polio-free for six months.

Thursday, January 22, 2015

Nigeria will start producing anti-retroviral drugs

Dr Bilali Camara, UNAIDS Country Director, said on Thursday that four companies will commence production of anti-retroviral drugs in Nigeria.

Camara, who is also the UNAIDS Focal Point for ECOWAS, disclosed in an interview with newsmen in Abuja. He said the local production of anti-retroviral drugs would enable people access treatment at a cheaper rate. He added that it will also help those on life treatment, stressing that people live on treatment for 15 to 30 years.

“We have commenced negotiations with four pharmaceutical companies; the companies have been certified by the World Health Organisation (WHO) for the general manufacturing practices,” he said. The official said WHO would assist to conduct the prequalification processes, “and as soon as that is concluded they will commence the production of the anti-retroviral drugs in Nigeria’’.

Camara said many West and Central African states would benefit from the production, because nobody is producing the drugs in this region. He added that beside Nigeria, seven million other people may need the drugs for treatment from West and Central Africa, which shows that there is good return of investment to the companies. In related development, Camara said UNAIDS would enter into partnership with telecommunication companies to ensure that basic information about HIV/AIDS was advertised.

He said this would assist to further increase access to treatment to 101 million people in Nigeria are targeted. “We want to give more people access to basic information on HIV/AIDS. We want our target to know how to prevent mother to child transmission of HIV where and how to get HIV/AIDS related services.So that in the next few years we have more people accessing the services which many result into many infants born HIV positive mothers and born infants without the disease,” he said.
Accoring to him, “if we do it correctly it will effect on the overall HIV transmission in the country’’. Camara said: “Things are going in the right direction, more people are on treatment, more people are accessing preventive measures and new infections are coming down. It is not as speedy as we want it but clearly things are on the right track.”

Vanguard

Wednesday, January 21, 2015

Nigeria pressured to reduce fuel prices further

Nigeria's government was under pressure Tuesday to cut petrol prices further, with unions saying people were being "short-changed" over the global crude price plunge.

The main opposition accused the government of "tokenism" before the February 14 elections, after Petroleum Minister Diezani Alison-Madueke announced 10-naira (five US cent, 4.5 euro cent) reduction on Sunday.

A litre of fuel at the pump in Africa's most populous nation and top oil producer now costs 87 naira.

But the opposition and unions said the price of petrol as well as diesel and kerosene should be slashed further.

The All Progressives Congress (APC) said in a statement on Monday that the new price of petrol was "mere tokenism at a time the price of crude oil has crashed by about 60 percent".

Party spokesman Lai Mohammed said the government should immediately cut the price of petrol to 70 naira a litre and diesel and kerosene to no more than 90 naira.

Mohammed charged that state corruption was to blame for the size of Sunday's reduction, saying the government was unwilling to reduce the price further as it would hit its so-called "commissions".

The plunge in crude prices to below $50 a barrel has slashed the Nigerian government's revenue, forcing it to revise its 2015 budget forecast.

Africa's leading economy based on gross domestic product derives 70 percent of government revenue and 90 percent of foreign exchange earnings from crude sales.

Nigeria currently produces 1.75 million barrels of crude a day, according to OPEC, but imports most of its refined petroleum products, which the government subsidises to keep prices low.

A devaluation of the currency against the US dollar has also hiked the cost of imports, with a knock-on effect on the price of imported goods and services to consumers.

Peter Ozo-Eson, general-secretary of the Nigeria Labour Congress workers' union, echoed calls for further reductions at the pump.

"If we consider all the variables in determining petrol prices, Nigerians are still being short-changed," he told AFP.

"The 10-naira drop is not enough. It should have been 30 percent or even more. If you check other oil-producing nations, you will notice that the drop is at least one-thirds."

AFP

Related story: Nigeria reduces fuel price

Tuesday, January 20, 2015

Naira falls to a new record low

Nigeria’s naira weakened to a record low a day before the central bank decides on interest and exchange rates and as Morgan Stanley and Renaissance Capital forecast further declines for the currency battered by low oil prices.

The naira fell 3 percent, the most in a week, to 190.45 against the dollar before paring losses to trade at 190.30 as of 12:03 p.m. in Lagos. It will probably drop to 220 by the end of 2015, according to Yvonne Mhango, a sub-Saharan Africa economist for Renaissance Capital.

“We see no respite over the short term,” Johannesburg-based Mhango said in a note to clients. The reversal of inflows and low foreign-exchange reserves imply “a sizable naira depreciation is coming,” she said.

Policy makers in Nigeria, which relies on crude for 90 percent of export earnings and 70 percent of revenue, have reacted to oil prices more than halving since June with spending cuts and an increase in interest rates to a record 13 percent. The naira has still depreciated 13 percent in the past three months, the most among 24 African currencies tracked by Bloomberg.

The currency may weaken beyond 200 per dollar in the interbank market this year, while the central bank may devalue the official rate in auctions by 5 percent to 10 percent, Johannesburg-based Morgan Stanley analysts Michael Kafe and Andrea Masia said in an e-mailed note.

The central bank will keep rates at 13 percent, according to nine out of 12 analysts surveyed by Bloomberg. Morgan Stanley and Renaissance Capital predict a 100 basis points increase to 14 percent, while HSBC Plc estimates rates will rise to 13.5 percent.

Bloomberg

Related story: Naira falls to record low