Wednesday, June 22, 2016

First lady of Nigeria calls opposition governor a 'mad dog'

The wife of Nigerian President Muhammadu Buhari has become embroiled in a spat with an opposition governor over corruption allegations.

The spat began after the governor of Nigeria’s Ekiti state, Peter Ayodele Fayose, accused Aisha Buhari of involvement in a bribery scandal involving former U.S. Congressman William J. Jefferson. In 2009, Jefferson was found guilty of 11 counts of corruption and was sentenced to 13 years’ imprisonment. The court found that he took around $500,000 in bribes and an account in the name of Aisha Buhari in Nigeria was cited in the sentencing memorandum as one of the accounts from which transfers to Jefferson were made.

The Nigerian presidency has dismissed Fayose’s allegations, with presidential spokesman Garba Shehu characterizing them as those of a man “childishly obsessed with the desire to grab the headlines and insulting people at will because of his incurably boorish instincts.” Shehu said that the president’s wife had no connection to the Jefferson case and challenged Fayose to provide evidence to the contrary.

The former head of Nigeria’s Economic and Financial Crimes Commission (EFCC), Ibrahim Lamorde, told Nigeria’s Premium Times that the Aisha Buhari cited in the memorandum is not the same woman as the current president’s wife. Fayose made the allegations after the EFCC froze one of his personal accounts.

A tweet was sent from Aisha Buhari’s verified Twitter account on Tuesday evening apparently responding to Fayose’s allegations, Nigeria’s Vanguard newspaper reported . “Enough is enough Fayose. A mad dog that isn’t chained. I refuse to keep quiet,” the tweet said. It was subsequently deleted and the Nigerian government has not made any public statement on the affair nor confirmed whether the tweet was sent by the First Lady.

Fayose is a member of the opposition People’s Democratic Party (PDP), which was ousted from government when Buhari defeated former President Goodluck Jonathan in an election in March 2015. The PDP has accused the Buhari administration of focusing its anti-corruption crackdown on members of the opposition and not dealing with allegations of graft within the ruling All Progressives Congress (APC).

Aisha Buhari married the now-president in 1989 and the couple have five children. The First Lady oversees the Future Assured initiative, which aims to reduce the country’s maternal and infant mortality rates.

Niger Delta Avengers deny negotiating ceasefire agreement with Nigerian government

The Niger Delta Avengers, a militant group that has claimed responsibility for attacks on oil and gas facilities in Nigeria's southern energy hub, said on Tuesday it never agreed a ceasefire with the government.

Government officials told Reuters a one-month ceasefire had been agreed last week after talks between the oil minister, community groups and state governors in the Niger Delta, the source of most of Nigeria's crude oil.

Militants say they want a greater share of Nigeria's oil wealth to go to the impoverished Delta region. Crude sales make up about 70 percent of national income and the vast majority of that oil comes from the southern swampland.

A petroleum ministry official said the Avengers, who have claimed responsibility for most attacks in the last few weeks that have pushed Nigeria's crude output to 30-year lows, were among those who agreed to a truce.

"It was very difficult getting the Niger Delta Avengers to the negotiating table, but we eventually did through a proxy channel and achieved the truce," said the official, who asked not to be identified. A second government official also said a ceasefire was agreed.

But hours later the Avengers issued a statement on Twitter denying that it had an agreement with the government.

"The NDA High Command never remember having any agreement on ceasefire with the Nigeria government," said the group.

It would be difficult to achieve a ceasefire in the hard to access swamps where militants are divided into small groups that tap widespread anger over poverty and oil spills. Leaders have little sway over unemployed youths willing to work for anyone who pays them.

RIGHT PEOPLE?

A Nigeria-based security expert, who did not want to be named, said he did not believe the government had been holding talks with the right people.

Earlier this month, the government said the military campaign in the Delta would be scaled down as part of an attempt to pursue talks with militants, who laid down arms in 2009 in exchange for cash benefits under a government amnesty scheme.

Nigeria, an OPEC member, was Africa's top oil producer until the recent spate of attacks pushed it behind Angola. Oil production has fallen from 2.2 million barrels at the start of the year to around 1.6 million barrels. The impact has helped push up global oil prices.

Speaking after meeting President Muhammadu Buhari and Emmanuel Ibe Kachikwu, the oil minister, incoming OPEC Secretary-General Mohammed Barkindo said on Tuesday he had been told Nigeria's oil production was "beginning to rise again". He did not provide details.

Barkindo said the government was trying to resolve militancy in the Niger Delta through talks, but did not elaborate.

"Government is negotiating and we are seeing positive results. I remain confident that through this resolution a stable and permanent solution will be found," he said.

Neither the presidency nor the petroleum ministry have issued official statements on a truce. Buhari has said the government wanted to hold talks with Niger Delta leaders to address poverty and oil pollution.

But his administration angered former militants when it cut by two-thirds the budget allocated for the amnesty program set up in 2009. Ex-militants were paid stipends and given employment training from that program.

A number of new militant groups have sprung up in the last few weeks, each with their own set of demands, which has made the insurgency increasingly fractured. It is not yet clear how many groups took part in the talks.

In a sign of apparent discord among groups in the Delta, former militants who were known as the Movement for the Emancipation of the Niger Delta (MEND) have criticized the Avengers and urged them to negotiate with the government.

In a statement on the Avengers' website, dated June 18, the group said of the ex-militants: "If you and your criminals want to resurrect the defunct MEND and negotiate with the government that is your business".

"We, once again, restate that we are not going to be part of any dialogue."

Monday, June 20, 2016

Boko Haram kill at least 18 women at funeral in Adamawa state, Nigeria



Boko Haram militants are said to have rampaged through the village of Kuda in Adamawa state, killing at least 18 women at a funeral. During the attack, which took place Thursday, at about 5pm local time, houses were also set on fire amid the random shooting. Reports say some women, who were present at the funeral are still missing. The numbers of those killed have not been independently confirmed by the authorities. Kuda is close to the Sambisa Forest, which is known to harbor majority of the Boko Haram militants. The same village was last attacked by the militants in February.

Video - Football academy looking to get Nigeria back to its best



Nigeria once enjoyed a comfortable place among the top-rated football nations of the world, but lately its rankings have been in a free-fall. At its best, Nigeria was ranked 5th best football nation in the world...but that was back in 1994. It has since dropped to number 61 in the latest global FIFA ranking. In the following report, CCTV's Kelechi Emekalam takes a look at efforts to revive that past glory by one man who captained the national team in the 1980's.

Does Nigeria have a corrupt culture or a victim of a particular history?

Just before the anti-corruption summit in London, British Prime Minister David Cameron made his now infamous public gaffe in a rather a silly, schoolboyish way.

He boasted to the Queen:

We’ve got some leaders of some fantastically corrupt countries coming to Britain. Nigeria and Afghanistan, possibly the two most corrupt countries in the world.

The rudeness and stupidity of the remark apart, it was also inaccurate. Nigeria justifiably has a reputation for corruption and criminal networks. But it is by no means one of the two most corrupt countries in the world. Somalia and North Korea hold that distinction,according to Transparency International. Nigeria also ranks as less corrupt than Kenya which is ranked 139 out of 167 countries. Nigeria is ranked 136.

Nigeria has long had a reputation for corruption in politics, business and its military establishment. It also has reputation for being heavily involved in the infamous international 419 financial scams, in drug and sex worker trafficking.

Return assets stolen from Nigeria


The reaction of President Muhammadu Buhari of Nigeria was one of shock – rather a faux shock for the media. After all, Buhari is involved in cranking up an anti-corruption drive that has seen the arrest of major politicians and army officers. An investigation is ongoing into the corrupt diversion of funds that were to have purchased weapons to fight Boko Haram but ended up in the pockets of political, military and business insiders connected with the previous administration of Goodluck Jonathan.

Buhari said he didn’t want an apology from Cameron over the remarks but instead the return of assets stolen from Nigeria and banked in or via Britain. The latter is in reference to off-shore banks in British territories like Guernsey, Jersey and the Cayman Islands. These are the very offshore banking network revealed, to Cameron’s embarrassment, in the Panama Papers. The leaked papers detailed the vast international network of tax avoidance, money laundering and investment of stolen or criminally-obtained assets.

London as a corrupt financial capital

And Buhari has a point. The British are in no position to preach, according to the world famous expert on the mafia and other forms of organised crime, Roberto Saviano. The journalist and author told his audience at the Hay-on-Wye literary festival that British financial institutions enabled what he called “criminal capitalism” to operate through the network of offshore banks, investment funds and other holdings in British territories.

Saviano said his research showed that the City of London operated in a way that made possible the working of financial systems that eluded investigation, let alone taxation, and effectively made Britain the most corrupt country. He was quoted by the Guardian and Telegraph as saying:

If I asked what the most corrupt place on Earth is, you might say it’s Afghanistan, maybe Greece, Nigeria, the south of Italy. I would say it is the UK. It’s not UK bureaucracy, police, or politics, but what is corrupt is the financial capital. Ninety per cent of the owners of capital in London have their headquarters offshore.

The gap between law and reality

It is no coincidence that the late journalist, academic and expert on crime and corruption in West Africa, Professor Stephen Ellis, devoted an important part of his posthumously published book, This Present Darkness, to the role of British, American and Swedish companies among others in bribery, avoidance of the payment of royalties, false accounting and illegal capital flight in Nigeria and in aiding and abetting domestic corruption.

His superbly researched and incisive study details how British bankers saw the end of empire as both a threat and an opportunity and developed existing offshore banking networks. They used the “archaic jurisdictions” of British dependencies in the Channel Islands and the Caribbean to exploit "the disconnection between the physical location of a transaction and the legal space where it is recorded”. This enabled the cunning or corrupt to “exploit the gap between law and reality”.

British and other foreign companies took advantage of this in their looting of resources. They also used this in trading relationships with countries like Nigeria by concealing the real earnings from exports or inflating the costs of imports. So too did wealthy Nigerians, often through deals with foreign companies, who got their corruptly obtained riches out to offshore banks.

A tradition of gift-giving

But corruption in Nigeria is not something that can be blamed solely on multinationals. As Ellis painstakingly explains, it is much, much more complex. One major factor is the tradition of gift-giving to holders of public office. And then also the expectation that holders of office would use their position to distribute largesse to their followers.

These traditional systems of mutual benefit and patronage were not swept away by colonial rule but often distorted and developed by it. New classes of politicians, public servants and businessmen retained the exchange of gifts or distribution of wealth through social and political networks. These include the ubiquitous secret societies in some parts of Nigeria.

Old networks persisted in new contexts, creating informal or hidden patronage-client systems that were still important to the exercise of political power and formal state institutions. The weakness of Nigerian legal and formal political institutions – as evidenced by the repeated coups – meant that these informal networks became more rather than less powerful. This situation was reinforced by the very diverse and fragmented nature of Nigeria and the importance of local power bases for politicians.

The oil industry and sudden influx of substantial royalties also created opportunities for corruption, the expansion of networks of corruption and misuse of state funds or natural resources. Oil fuelled the rise of a new class of local middlemen, who acted as agents for the oil companies. Contracts for state-funded projects connected with the oil industry became a new form of patronage. At first this was through the military – whose officers benefited hugely from the political power that flowed from the barrel of a gun as well as from barrels of oil.

Is Nigeria innately corrupt?


What Ellis’s book amply demonstrates is the extent of corruption in Nigeria. It uncovers the networks of wealth accumulation and patronage that dominate politics, business and the oil industry. It traces the inextricable link with international financial networks used to launder or invest corrupt money. Finally, it exposes the plundering activities of multinational companies that avoid tax, under-report export volumes and inflate contracts.

Nigeria is part of a fantastically corrupt international network. But is Nigeria innately corrupt or has corruption developed and burgeoned there for specific reasons related to its complex past? I concur with Ellis when he concludes: “Nigerian organised crime is not created by culture, but it does arise from a particular history.”

Keith Somerville

Nigerian Boko Haram victim deported from Iceland

As Eze sat in the pews at a church where he goes most mornings to pray, his phone buzzed with a new message. His Icelandic teacher was checking in on him, giving him support.

A calm and composed man, Eze began to cry, the emotion intensifying as he continued to read. His friends in Iceland were standing with him, the message said, they would fight for him.

Eze Okafor, 32, had been living in Iceland for the last four years, working as a cook in a local restaurant, learning the Icelandic language, building a community.

"Iceland is my home now. I have contributed to the society here. Many people know me. My friends have become my family," he told Al Jazeera.

Eze fled Nigera after being targeted by Boko Haram. In 2010, he and his younger brother, Okwy, were attacked in retaliation for not joining the armed group. "They tried to recruit me, but I refused."

Members of Boko Haram stormed their house in Maiduguri, Borno State, in northeastern Nigeria. Eze was stabbed in the head and face. Okwy was killed.

Soon after, Eze fled Nigeria and made a long and dangerous boat journey to Europe, where in 2011 he sought asylum in Sweden. He told his story and showed his still fresh and infected wounds, including the gash over his eye, which he feared would cost him his eyesight. He was denied asylum and made his way to Iceland.

He applied for asylum in Iceland in 2012 but was denied.

He has been working with a lawyer, Katrin Theodorsdottir, who then applied for permission for Eze to stay in Iceland on humanitarian grounds, as his case has slowly made its way through the system. Eze said in October he was given temporary residency and could work.

His case in Iceland has hinged on what time limit is relevant to his asylum request, as defined by Article 19 of the Dublin Regulation, which determines which EU member state is responsible for asylum seekers.

Article 19 lays out a timeframe of six months within which an asylum seeker must be sent back to the country where they were originally asking for asylum, otherwise the current country is responsible for processing their asylum case.

After many rejections, appeals and back and forths between various immigration authorities, Theodorsdottir said there was a "twist". A special immigration committee reviewing Eze's case said the time limit to send Eze back to Sweden might have expired, and advised him to go to the immigration office and have his application for asylum processed.

Eze went to the immigration office as instructed to pick up the paperwork, and was told to wait 45 minutes, which he did. According to Theodorsdottir, unbeknownst to him, the police officer was calling the immigration office. And then another twist.

"The police said I should come to sign and all of a sudden they took me into custody. They arrested me. I spent the night in jail," Eze recalled.

"They next morning they said they were deporting me. I said I should go and get my stuff from my house. They said no. They took me to the airport and manhandled me.

"In Iceland, I have been integrated into society, with so many friends. A lot of people know me. So when the police was beating me, when I was arrested, there was a lot of reaction."

Early on May 26, Eze was put handcuffed onto a plane for deportation. Two members of the rights group No Borders Iceland boarded the plane and stood up in protest, asking other passengers to stand up as well to protest Eze's deportation. After about 10 minutes, they were arrested by Iceland's police.

He was taken to Stockholm. At the airport, he thought the Icelandic authorities would give him back the only ID he had - his Nigerian driver's license. They took it back to Iceland. He was handed papers by the Swedish immigration authorities, which gave him until June 1 to leave Sweden or be deported back to Nigeria.

He was also given a piece of paper saying he had no right to financial assistance. Without money or any identification, he was turned out onto the street where he spent the first night.

Boko Haram is an ongoing threat in Nigeria with members and supporters, Eze said, at all levels of government and the police. Several years ago, members of Boko Haram kidnapped his mother in what Eze said was a bid to force him to return to Nigeria. After brutalising her - including an attack to her face that compromised her eyesight - the kidnappers demanded a ransom.

"What I am facing in Nigeria is that this Islamic group is after my life. My life is in danger."

He said he believes that when he lands at the airport in Nigeria he fears he will be apprehended by the police. "Boko Haram has a network. They have been looking for me since then."

Today, Eze is uncertain about his future. His does know one thing for sure. If he were to return to Nigeria, he believes it would mean death for him.

With his friends, he is working hard to find a lawyer who could take his case in Sweden. His dream is to return to his home in Iceland.

Theodorsdottir said there is something the immigration office could do. She has requested that he be granted permission to live in Iceland on humanitarian grounds, a request that is still pending.

Eze said his mother, Celina, taught him how to cook at an early age and it is his passion. He loved working in the restaurant in Iceland and had a good relationship with his boss. He loves to cook Nigerian food. Maybe, he said, once he is back in Iceland, and his life has found balance again, he could pursue a dream. There is no Nigerian restaurant in Iceland.

"Maybe one day, when I am back in Iceland, I could open a restaurant", Eze said, smiling.

"When I was in handcuffs on my way to Sweden, I was pleading with them," Eze said. "I am not a criminal. I did not commit any crime. I am asking for refuge. They should treat me like a human."

5 ways floatation of the Naira will affect Nigeria

Nigeria is allowing its struggling currency, the naira, to trade freely in a move to tackle the financial crisis in Africa's most populous nation. Financial blogger Feyi Fawehinmi looks at how it will affect people's lives.

1. Petrol prices will remain stable

Refined petrol is Nigeria's single biggest import. The story of how an oil exporting nation has to import almost all of its refined products is well told.

According to the National Bureau of Statistics, refined petrol imports in the first three months of 2016 amounted to 226bn naira ($1.1bn, £791m) or 15.6% of the total imports.

Last month, petrol subsidies were removed and a new price band of 130 naira to 145 naira per litre was recommended by the government.

This new price assumed an exchange rate of 285 naira to $1, compared to the official rate of 199 naira to $1.

Remarkably, Nigerians took this price rise with no more than a shrug and the attempt by labour unions to force a price reversal with strikes flopped spectacularly.

In the short term, the Central Bank of Nigeria (CBN) is likely to continue to be the main supplier of dollars to the market until foreign investors return.

With one eye on the petrol price, it is likely to kick start the market at a rate that keeps petrol prices stable i.e. somewhere below 285 naira to $1.
2. Still no imported tomatoes, rice - or tooth picks

In June last year, the CBN came up with a now infamous list of 41 items that would no longer be eligible for foreign exchange from official sources.

Items on the list ranged from Indian incense to private jets. Importing those items were not actually banned so since the list came into effect, anyone who wanted to import them had to source foreign exchange from the black market.

The CBN said last week that those 41 items remain ineligible to access forex at the new interbank market.

You can still import toothpicks but you will have to source dollars from the black market to do so.

Based on this, prices of those items are unlikely to be affected. This is a shame because Nigeria could do with some tomato imports right now after the tuta absoluta pest devastated harvests in northern Nigeria.

Allowing rice imports wouldn't be a bad idea either given how rice prices have spiked in recent times.

Rice importation has always worked on a quota system - those with political connections usually getting the right to import it. The current policy restricting the imports is tied to goals of national pride in achieving self-sufficiency. Given this, it is unlikely to be lifted.

Not everyone is unhappy about this list, though.

The Nigerian palm oil producing company, Okomu Oil, posted a 98% increase in profits for 2015. Palm is of course on the list of 41 ineligible items.
3. Inflation should eventually fall

Latest figures from the National Bureau of Statistics show that inflation is rising steadily in Nigeria. Given how Nigeria is dependent on imports for a lot of basic items, a floating currency is likely to further increase prices, at least in the short-term.

In reality, however, the policy of rationing foreign exchange in the last one year meant that those who needed it the most hardly ever got it.

As such, even as the official rate remained stable at 199 naira to $1, prices of imported everyday goods have been reflecting black market exchange rates for a while now.

Nigerians have already endured the equivalent of a gut punch from soaring prices and are unlikely to be in the mood for any more.

Further price increases might just force consumers to eliminate demand for some products altogether. A more stable and open foreign exchange regime should also eliminate a lot of the uncertainty that has been pushing up prices.

Given what has already happened in the last year, a floating naira, somewhat counter-intuitively, can be expected to start bringing down inflation.
4. Bad news for banks and businesses with forex loans

The CBN says that 10.1% of all the loans in Nigeria's banking system have gone bad. A lot of these loans are foreign currency loans extended to local oil and gas companies when crude oil prices were $100 per barrel.

Between 2012 and 2014, an estimated $10bn was lent to local oil companies to purchase assets from foreign oil majors.

Once the naira starts to float, banks will have to adjust the value of these loans on their books. In turn, the increased burden on the borrowers is likely to push more of them into bad loan territory.

A couple of weeks ago, the Nigerian government bizarrely asked banks to stop sacking workers. More bad loans will almost certainly trigger more sackings.

It remains to be seen how the government will react to more sackings if and when they happen. Or perhaps the banks will use it as a bargaining tool to extract another round of bailouts from the government.
5. Foreign airlines will be back in business

Another effect of rationing foreign currency in the past year is that it has allowed a backlog of unmet demand for forex to steadily build up.

The CBN says this backlog is now at $4bn and will take four weeks to clear. Others say the backlog is at least double that amount.

Included in that backlog is the $600m owed to foreign airlines which has caused a number of them to either stop serving Nigeria entirely or put the route under review.

If nothing else, this has been embarrassing for Nigeria and has drawn unflattering comparisons with Venezuela. Once that backlog is cleared, foreign airlines should continue their business as normal.

Of course, trapped funds are not their only worry - the economic situation has done its bit to dampen demand for foreign travel by Nigerians. Still, solving one of two problems is not a bad deal.
The verdict?

Ultimately, Nigerians have reason to hope that the worst of the last year is now over.

With a floating exchange rate, foreign investors can have more confidence in the country and Nigeria should see an uptick in the foreign investments it so desperately needs.

Thursday, June 16, 2016

Niger Delta Avengers set tough conditions for negotiation with Nigerian government



Niger Delta Avenger militants have set stringent conditions for tripartite negotiations to begin contrary to claims by government that talks are already underway. Nigeria's crude oil exports are nearing 30 years low, as militants attacked more oil installations in the Niger Delta.

President Buhari returns from medical trip today

President Muhammadu Buhari is expected back to Nigeria today from London.

Buhari had two weeks ago embarked on a 10-day trip for medical treatment.

The Presidency had, in a statement, said the President would during the visit to the United Kingdom, see an Ear, Nose and Throat specialist for a persistent ear infection.

The 10-day holiday ended on Wednesday.

An insider hinted Punch that arrangements had been put in place to receive the President, who is due back in the country on Thursday.

“He is expected back on Thursday (today). We are in touch with him. As of today (Wednesday), we have not been told that there is any change in arrangement,” the source said.

Recall that the presidency had on Monday, released photographs of the visit of the Archbishop of Canterbury, Most Revd, Justin Welby, to Buhari in London.

Minister of Petroleum says Job creation will end pipeline vandalism in Nigeria

The Minister of Petroleum Resources, and Group Managing Director of Nigerian National Petroleum Corporation, NNPC, Dr. Ibe Kachikwu, has stated that Nigeria would not totally eradicate pipeline vandalism without creating an enabling environment that will empower militants in the Niger Delta.

Kachikwu, who made this disclosure in Uyon, the Akwa Ibom State capital, noted that with the array of pipeline bombings by the Nigerian Delta Avengers, NDA, it would take nothing less than 15 to 20 years to get infrastructure in the oil sector working.

According to him, “Modular refineries are going to be the answer to our problems in the future. We talk about the militants and their agitations; the reality is that until we begin to put things in place that would have these so called ‘militants’ find opportunities in the sector, the destruction is going to continue.

“I have appealed to those who are breaking oil pipelines for now, the Niger Delta Avengers and everybody else, and as you know, we are engaging in negotiations for us to find peace this week and be able to enter a truce that stops all the destruction.”

Kachikwu noted that Akwa Ibom would have an oil depot, as his ministry developed a document basically on relationship with oil producing states.

He said: “So we can find a direct link between what we do and the oil that we produce. Then the restiveness will go. More than just the depot, I think Akwa Ibom deserves more.”

Nigeria finally gives in and will float the troubled Naira

After months of dithering, Nigeria’s Central Bank will allow the national currency’s value be determined by market forces after removing pegs which tied it to a fixed figure. The new policy will take effect from June 20 and will effectively devalue the naira.

The naira was officially pegged at around 199 naira to $1 but as the economy tanked and foreign reserves dried up, the Central Bank allowed few local businesses or individuals access to dollars at that rate. On the more commonly used parallel markets it traded around 350 naira to $1, which many believe is a fairer reflection of its value. It is a departure from the Central Bank’s former position as the sole dealer and means the naira will now be traded through the Central Bank’s selected primary dealers.

The policy change has been largely welcomed. It follows months of fuel shortages, record inflation and investor withdrawal—occasioned by a stubborn refusal to devalue the currency in the face of dipping revenues as a result of the sharp drop in the price of oil, the country’s main resource. Manji Cheto, senior vice president at London-based Teneo Intelligence says the Central Bank’s change of tack “is a clear admission that its earlier policies had failed.”

The Central Bank’s refusal to devalue the naira reflected the position of Nigeria’s president, Muhammadu Buhari. He has said a devaluation was tantamount to ‘killing the naira’. Even though the Central Bank is supposed to operate independently of government the president’s stated position is believed to have influenced the Central Bank. The administration’s refusal to devalue, despite pleas from international and local economists, triggered investor caution in light of the country’s strict monetary policies.

The apex bank says it will periodically intervene in the market, stating conditions under which this could happen in its new guidelines on trading foreign exchange. But Cheto says the possibility of an intervention means the new policy can only be described as a “managed float.”

The Central Bank expects its new policy to close the gap in the current dual exchange rates possibly merging the pegged rate of the naira and its value on the parallel market where it has typically traded around 50% higher for most of the year. “We’re talking about an open, transparent two-way system,” Godwin Emefiele, Central Bank governor said at a press conference. “It’s intended we don’t have speculators and rent-seekers. I don’t expect that any other exchange rate will be recognized.”


Tuesday, June 14, 2016

President Buhari says Nigeria must 'radically' boost exports

Nigeria must “radically” increase its exports to ease shortages of foreign exchange in the oil-dependent West African nation, President Muhammadu Buhari said.

“In a world of lower oil prices and dollar revenues, the only sustainable path is to reduce Nigerians’ over-reliance on imports,” Buhari, 73, who came to power in May 2015, wrote in an opinion piece published in the Wall Street Journal on Monday. “We must rebalance our economy by empowering entrepreneurs and producers, big and small, to create more of what their fellow Nigerians demand.”

The government will help local businesses by encouraging more investment in infrastructure and lowering taxes on small companies, he said. It will also “eliminate bureaucracy to bring the informal economy out of the shadows.” The central bank will introduce a more flexible foreign-exchange policy, Buhari wrote, without giving any details of plans first announced by Governor Godwin Emefiele on May 24.

Africa’s largest economy has been battered by the fall in oil prices since mid-2014 and a drop in production this year to an almost three-decade low as militants bomb crude and gas pipelines. The economy contracted in the first quarter for the first time since 2004 and a recession is imminent, according to the central bank. Inflation accelerated to 15.6 percent in May, the highest rate since early 2010, the national statistics office said on Tuesday.

Nigeria sacks entire cricket team including coaches

In a bizarre, yet not unexpected move, the Nigeria Cricket Federation has sacked the entire men's cricket team and their Indian coach, Shriam Regananthian.

This was after the side failed in the ICC World Cricket League Division Five tournament held last month in UK, finishing bottom of the table.

The team had just one win over Tanzania and lost to Oman, Guernsey, Vanatu and Jersey. The team also lost to Tanzania again to claim the bottom spot. Jersey went on to become champions.

Federation president, Emeka Onyeama added that national chief coach Uthe Ogbimi has also been relieved of his duty with the team. He blamed Ogbimi and the team Captain Kunle Adegbola for the embarrassing campaign. He however refused to blame the Indian level A coach who joined the team on the eve of their departure to UK.

According to him, the team underperformed despite having intensive preparations and increment of their daily allowance to $100 per day from the old regiment of $25- $50 per day.

He declared that the federation would now undertake a rebuilding process where young players from the U-19 team would be upgraded to the national team.

He said a new national coaching crew will be announced in the wake of the proposed North West Africa Tournament and ICC/Africa T-20 tournament scheduled for September.

Niger Delta Avengers threaten more violence

The Niger Delta Avengers (NDA) has warned Nigerian authorities it may “review our earlier stance of not taking lives” if oil companies continue to operate in the country’s oil hub.

The militant group has launched a series of attacks on oil pipelines and facilities in the Niger Delta, where the majority of Nigeria’s oil reserves are concentrated. The NDA has so far rejected offers of dialogue from the Nigerian government and vowed to continue its Operation Red Economy, the purported goal of which is to reduce the West African country’s oil production to zero.

In a statement published on its website on Monday, the NDA said that the oil companies must not carry out any repair works on the affected pipelines and that buying of crude oil from the Niger Delta must be suspended “as we await the right atmosphere that will engender genuine dialogue.”

The NDA has claimed attacks on facilities belonging to several international oil companies, including Royal Dutch Shell, U.S. firm Chevron and Italian oil giant ENI. Some of their attacks have shown a high degree of sophistication and have taken down strategically-important pipelines—the first attack claimed by the group was on an underwater pipeline at Shell’s Forcados terminal and forced the company to temporarily shut down the 250,000 barrels per day (bpd) terminal.

Nigerian oil minister Emmanuel Ibe Kachikwu attempted to reach out to the militants earlier in June, saying that the Nigerian military would step back from pursuing the group in order to establish a platform for dialogue. In Monday’s statement, however, the NDA said it would only participate in dialogue with “independent mediators” appointed by the international oil companies working in the region.

Historically, the Niger Delta has been the site of previous uprisings by militant groups, who have claimed that the impoverished region does not benefit sufficiently from its oil wealth. In the mid-2000s, militants led by the Movement for the Emancipation of the Niger Delta (MEND) decimated the country’s oil production and kidnapped oil workers, with the insurgency only coming to an end in 2009 with the introduction of an amnesty program for the fighters. MEND has publicly called upon the NDA to engage in dialogue with the government, but the latter group has rejected the former and criticized its leaders for abandoning their cause.

Largely as a result of attacks by the NDA and other militants, Nigeria’s oil production has plummeted from 2.2 million bpd to a 20-year low of between 1.5 million and 1.6 million bpd.

Monday, June 13, 2016

Nigeria wants to close down banks that lay off staff due to bad economy

Nigeria’s government is taking an unconventional approach in a bid to stop its rising unemployment rate from spiraling out of control.

The country’s labour minister ordered financial institutions to stop sacking workers and threatened a possible license withdrawal of banks who flout the order. The order comes after a fortnight which has seen financial institutions in Nigeria lay off workers en masse.

While the banks describe the retrenchment as part of a “renewed drive for optimal performance” and “market re-positioning exercise”, it’s widely believed the layoffs are a stark reaction to unfavorable economic headwinds in Africa’s largest economy. With a high non-performing loan rate in the banking system as well as the institution of a Treasury Single Account which required banks to pay all government cash in their coffers to the Central Bank, local banks reported profit declines in the first quarter of the year.

The layoffs also compounds Nigeria’s unemployment woes, with half a million people said to have lost jobs in the first quarter of the year. The increasing lack of job security has heaped even more pressure on the president Muhammadu Buhari who is faced with fixing a shrinking economy. In reaction, Buhari’s party, the ruling All Progressives Congress described the layoffs by banks as “sabotage” to discredit its government under which unemployment has spiked.

For its part, the government is hoping ease the unemployment crisis by rolling out mass recruitment exercises. Earlier this week, it flagged the hiring of 500,000 unemployed graduates into teaching positions. Similarly, at the start of the year, the government kicked off a recruitment exercise into the police force but the response was likely chilling evidence of the scale of the problem at hand as nearly a million people applied for the recruitment exercise which only listed 10,000 positions.

Video - Media's obsession with Nigeria's rich kids



Nigeria’s ‘super-rich’—or rather, their children—have been a source of intrigue bordering on obsession within the British media for the best part of the last 18 months, as a ‘new’ breed of uber-consumer, jetting in from Lagos to live the high-life in London.

Along the way, they are apparently snapping up upscale property, private education and luxury consumer goods—in between jaunts to the city’s most exclusive nightclubs.

The latest hagiography of these Nigerian transatlantic trust fund babies, is a one-hour TV documentary featured on the UK’s Channel 4 last week (June 7).

“In London’s poshest neighborhoods, Nigeria’s super-rich are moving in,” the narrator breathlessly declares in the opening seconds of Lagos To London: Britain’s New Super-rich.

All against the backdrop of a dark blue Bentley Coupé parked next to a classic Georgian townhouse, a row of the ‘mansion block’ apartments found in many upscale corners of the city and a snippet of a 200-head banquet held at the Mandarin Oriental Hyde Park hotel, that turned out to be a graduation party and not a wedding.

“Hey, some people have graduation photos – we just happen to have magazines,” pipes up the celebrant Florence ‘Cuppy’ Otedola next. She’s the 23 year-old ‘DJ’ daughter of Nigerian oil magnate and Forbes-lister Femi Otedola, who likens herself to a latter-day Marie Antoinette—only with diamond-encrusted Beats headphones. And the bill for her party? Apparently the equivalent of “two nice cars.”

“We follow a new generation of Nigerian elite as they live, work and party—between Lagos and London,” the show’s narrator goes on to promise.

Except that we largely don’t. What we mostly see is the progeny of high-profile Nigerians working hard at spending easy money at places like Harrods. “I try to make it a point of duty to have a personal shopper in different states,“ Lagos ‘media personality’ Toke Makinwa earnestly informs us. That’s London and New York by the way.

Out of all of the characters featured in the program, only one—British-born Alex Amosu appears to be close to doing anything that resembles ‘work’ and being ‘self-made’ as the world mostly defines it.

Is he the creator of some disruptive technology that aims to change the way we live? Solar power perhaps, that will bring Nigerian industry and society literally into the light? No. He sticks 14-carat diamonds onto mobile phone sets—and sells them on to other wealthy Nigerians.

And then you have the 28 year-old Mbadiwe twins Ozee and OC, about whom it is never really clear what they do—other than bask in the light of their distinguished family name, in between selfies.

The show—and Twitter—provided the perfect sounding board for comment and opinion – a heady mix of admiration, aspiration and outrage – among Nigerians at home and in the diaspora.

But arguably the most cogent online commentary on the program could be found away from the twittersphere.

Fans of Lagos To London will argue that the show and the other media stories like it are sorely needed—as alternative narratives to Boko Haram, the Niger Delta Avengers and endless stories of mind-boggling corruption—precisely what Nigeria needs to counter the country’s long-held stereotypes.

But just how much of an alternative are these narratives? Do they seek to pursue a higher truth for a nation misconstrued? What is clear is that they are utterly at odds with the daily monetary experiences of most Nigerians at the moment.

Nigeria may be Africa’s largest economy, but it’s an economy in a mess.

With more people living in poverty than in any other African country, Nigeria is on the brink of recession, the naira is in freefall against the dollar with imminent devaluation a real possibility, and inflation was at 13.6% in April, a six-year high.

Oil production is at its lowest in 20 years, due to poor infrastructure, spiraling global prices and sabotage from the latest iteration of militants in the Delta.

Nigeria also has acutely low foreign exchange reserves of around $27 million and high unemployment at 12.1% in the first quarter of this year.

Stories in western media of young Nigerian playboys and debutantes spending their inheritance via armies of personal shoppers stationed from London to New York via Dubai are a rather unsavory counterpoint to the life lived by Nigerians at home and their attempts to get a grip on an out-of-control economy.

The irony in last week’s documentary is that it featured the grandchildren of some of Nigeria’s late prominent statesmen—former Lagos State Governor Sir Michael Odetola and Kingsley Ozumba Mbadiwe, a minister of the First Republic. But there was a saddening lack of awareness of their own legacy and what their lives say about a country that could be so much more than it is. None of them had anything to say about their homeland, other than perfunctory references to the ‘family business.’

As obsessed with Instagram as they are with instant gratification, the Lagos-to-London super-rich are akin to a gaggle of Nigerian Neros—fiddling while home burns.

Nigerian elites presenting as shallow, luxury goods-obsessed dilettantes provides no more context to the story of Africa’s most populated country than the ubiquitous tales of economic crises, religious fundamentalism and corruption.

Friday, June 10, 2016

Video - Stephen Keshi was respected in Nigerian and African football




Stephen Keshi was a prominent figure not only in Nigerian football but across the continent too.

Video - Nigeria to spend $1.76 bln in capital projects




Nigeria's government will next week pump much of the 1.76 billion dollars earmarked for capital projects into its economy. The spending is part of efforts to stimulate activity after a 0.4 percent contraction in the first quarter of this year. Nigeria is going through its deepest crisis in decades, brought on by the fall in crude prices. Last month Nigeria's central bank governor said a recession appeared to be "imminent". President Muhammadu Buhari signed the delayed 2016 budget into law last month. The record $30.6 billion budget triples capital expenditure compared with the previous year. But with Nigeria's heavy reliance on oil sales, which comprise about 70 percent of national income, it is unclear how this will be achieved.


91.1% of tomato paste in Nigeria are fake

Tomato Pastes manufacturers in the country including Dangote Farms, Erisco Foods Limited and Savanna Farms Thursday told the House of Representatives Joint Committees on Health Care Services and Drugs and Narcotics that over 91.1 percent of tomato pastes in the country were fake and substandard.

This is just as the House has condemned the alleged importation of dangerous killer tomato pastes imported into the country and promised to carry out investigations into the matter. 

Meanwhile, the National Agency for Food and Drug Administration and Control, NAFDAC, has fined the Erisco Foods what it called administrative charge of N1 million for an alleged unauthorised advertisement of Erisco range of products without getting clearance and approval from the agency. 

The Speaker of the House, Yakubu Dogara in his address at the one day investigative public hearing stated that the House should not consider lightly allegations injurious to public health. 

The Speaker who was represented by the Minority Leader, Leo Ogor stated that the public hearing centred primarily on importation of fake substandard and cancer causing tomato paste into the country. He said what was “worrisome is the unpatriotic attitude of some companies and individuals importing fake, substandard and cancer causing tomato paste into the country at the expense of the health and wellbeing of Nigerians.”


Nigeria army 'killed Biafra protesters'

Nigeria's military has killed at least 17 supporters of Biafran independence, according to Amnesty International.

The rights group called on Nigeria's government to investigate the deaths in the south-eastern city of Onitsha last month.

The Nigerian military described the claims as unfounded and misleading.

At least one million people died in the 1967-70 civil war started by Biafran secessionists. Protests have resumed over the past year.

According to Amnesty, some of those who died were members of the Indigenous People of Biafra (Ipob), a group campaigning for Biafran independence.

Some had been shot in the back, an indication that they were fleeing the scene, Amnesty said.

Ipob says Nigeria's government is dominated by northerners and has not done enough to develop the mostly Igbo-speaking south-eastern parts of Nigeria.

MTN agrees to pay Nigeria $1.7 billion fine over three years

MTN Group Ltd. agreed to pay a 330 billion naira ($1.7 billion) fine to the Nigerian government over three years, ending an eight-month negotiation process.

MTN Nigeria also agreed to take immediate steps to ensure the listing of its shares on the Nigerian Stock Exchange, the Johannesburg-based company said in a statement on Friday.

MTN shares rose 10 percent, on track for their biggest gain since 2008, to 136.09 rand as of 12.36 p.m. in Johannesburg.


Thursday, June 9, 2016

Video - Ringback tones making big money in Nigeria



When you call a Nigerian number, there's a good chance you'll hear music playing. Ringback tones cost just 25 cents a month, but artists, record labels, and telecom companies are raking in millions.

Video - Africa pays tribute to Nigerian football legend Stephen Keshi




There were more tributes paid to the late Stephen Keshi on social media following the news of his death. Here's what his former teammates, colleagues and fans had to say on Twitter.

President Buhari sends list of new ambassadors to Senate

President Muhammadu Buhari has sent a list of 47 new ambassadors to the Nigerian Senate for confirmation.

This was announced by the president of the Senate, Bukola Saraki, during the sitting of the upper legislative chamber on Tuesday.

Mr. Saraki read a letter from Mr. Buhari containing the list.

Names of the nominees are yet to be made public.

Nigeria has had no ambassadors to UK, Germany, USA, China, U.N., Spain, Russia and France after previous envoys were removed by Mr. Buhari after taking office in May 2015.

Rihanna and Jay Z sued for cancelling show in Nigeria after receiving $160k advance

Rihanna and Jay Z, who runs her music label Roc Nation, are being sued for allegedly collecting money for a concert she never gave.

The Work singer, 28, was allegedly booked to perform a show in Nigeria by Chris Ubosi and his radio station Megalectrics back in May 2013, TMZ is reporting.

Ubosi claims he made a deal with two individuals who represented Rihanna, Roc Nation and Jay Z with the promise that she would be paid $425,000 for a 65-minute performance at the Eko Hotel in Lagos - but a rep for Rihanna's label says the promoter was the victim of a scam.

The promoter coughed up $160,000 in three installments but then he claims her people asked to push back the concert to July.

According to TMZ, Ubosi agreed on the condition that Rihanna alert her fans of the date switch on social media.

DailyMail.com has reached out to Rihanna's representative for comment.

In his lawsuit filed in Manhattan Supreme Court, Ubosi claims that Rihanna never did mention the change on social media and so he and Megalectrics 'demanded the full and prompt return of their money,' the lawsuit says.

Ubosi claims he never got the $160k advance back and so he's taking Rihanna to court.

Her label Roc Nation and founder Jay Z, 46, who is wed to Beyonce, have been named as defendants.

The Barbadian beauty and her camp, on the other hand, are saying Ubosi was the victim of a scam and that they had nothing to do with this deal.

'Rihanna, Roc Nation nor anyone associated personally or professionally with either party was in contact with this person,' a spokesperson for Roc Nation told TMZ.

'Unfortunately this person was scammed. Rihanna nor Roc Nation collected any money for this event.'

Rihanna is currently in the midst of her Anti World Tour to support her eighth studio album released on January 28 exclusively through Tidal.

In total, she will perform 74 shows across North America and Europe.

Video - Makoko floating school collapses



A floating school built to withstand storms and floods at a lagoon in Nigeria’s commercial capital Lagos and educate children from a nearby slum has collapsed only seven months after its official opening.

The aid-funded Makoko Floating School offered free education to children who lived in nearby huts on stilts. Most of their parents fish for a living and, like most of the megacity’s 23 million residents, lack a reliable electricity and water supply.

Heavy rains brought down the pyramid-shaped wooden school, built on a platform held afloat by hundreds of plastic barrels, on Tuesday. None of its nearly 50 pupils were in the building when it collapsed, officials said.

Classes had already been moved to another location in late March after heavy downpours at the start of the rainy season began to affect classes.

“It is not only the floating school that collapsed. It collapsed many houses surrounding the floating school,” said David Shemede, Makoko resident and brother of the school’s director.

Building collapses are a common problem in the west African nation, sometimes due to the use of poor materials and weak enforcement of regulations. At least 30 people died when a building collapsed in an upmarket Lagos district in March.

The school was built to adapt to changing water levels and withstand the storms and floods that lash Lagos in the four-month-long rainy season. Its Nigerian architect Kunle Adeyemi said in a statement that the Makoko community was considering upgrading the structure and rebuilding an improved version of the school.

Makoko was established as a fishing village hundreds of years ago but climate change and rapid urbanisation are now threatening its way of life.

The school was officially opened in November 2015 after being in use for more than a year beforehand. It took three years to build and catered to children coming from the only English-speaking school in the area. Pupils travelled to it by canoe.



ECOWAS fines Nigeria $3.3m over extra-judicial killings

The Economic Community of West African States, ECOWAS, court has imposed a fine of $3.3 million on Nigeria over the extra-judicial killing of eight citizens in the Apo District of Abuja, Federal Capital Territory.

The regional court ordered the country to pay compensatory damages of $200,000 to each of the family of the deceased killed and $150,000 to each of the injured by a combined team of soldiers and operatives of the Department of State Service, DSS, during a raid of an uncompleted building at Apo Area of Abuja.

The eight Nigerians killed when the security personnel opened fire on them were later found to be commercial motorcycle (Okada) riders who were taking refuge in the uncompleted building as a result of skyrocketing cost of house rent in the capital city. 

Those killed are Nura Abdullahi, Ashiru Musa, Abdullahi Manmman, Buhari Ibrahim, Suleiman Ibrahim, Ahmadu Musa, Nasir Adamu and Musa Yobe, while the 11 injured include Muttaka Abubakar, Sani Abdulrahman, Nuhu Ibrahim, Ibrahim Mohammed, Ibrahim Aliyu, Yahaya Bello, Abubakar Auwal, Yusuf Abubakar, Ibrahim Bala, Murtala Salihu and Sanni Usman. 

A Non-Governmental Organization, NGO, The Incorporated Trustees of Fiscal and Civil Right Enlightment Foundation, had on behalf of the deceased, dragged Nigeria, the Army and Department of State Service, before regional court to challenge the legality of the killing of the eight commercial motorcyclists and the injuring of others when the securitymen invaded their apartment. 

In the judgment of ECOWAS Court delivered by presiding Justice, FridayChijioke Nwoke, Nigeria was found liable of brutal killing of defenseless citizens, contrary to the provision of local and international law on the fundamental rights of citizens to life. The panel of three justices, headed by Justice Nwoke, condemned the killing as barbaric, illegal and unconstitutional and a breach of the fundamental rights of the deceased to life.

Niger Delta Avengers don't want to negotiate with government

A militant group in Nigeria’s oil-producing Niger Delta region says it will not negotiate with the government and has continued to blow up oil pipelines.

Nigeria’s Petroleum Minister Emmanuel Ibe Kachikwu said on Monday that the government was ready to begin a dialogue with stakeholders in the Niger Delta, a region which suffered an insurgency during the mid-2000s by militants who claimed that the country’s oil wealth was not being fairly distributed. “I want to call on the militants to sheath their weapons and embrace dialogue with the government,” said Kachikwu, who also indicated that the Nigerian military would suspend its operations in the Niger Delta.

The Niger Delta Avengers (NDA), which has carried out a spate of attacks on oil infrastructure since February, announced early on Wednesday that it was not involved in any negotiations. “We’re not negotiating with any committee. If [the federal government] is discussing with any group they’re doing that on their own,” said the group via its Twitter feed.

The group continued its campaign of attacking oil pipelines, claiming to have blown up an oil platform run by U.S. company Chevron early on Wednesday in Warri, Delta state, southern Nigeria. The attack was confirmed to Reuters by a local community chief, although Chevron declined to comment.

A senior officer in the Nigerian Army confirmed on Wednesday that it was observing a two-week ceasefire in the Niger Delta, though warned that military operations could resume if the militants did not respond to requests for dialogue. “The two-week ceasefire was such that all military operations in the region were supposed to stop to enable government to apply the non-kinetic means of reaching out to the militants,” said Ibrahim Attahiru, a major-general in the Nigerian Army, according to Nigeria’s Premium Times. “Now the militants have resorted to continue with the attacks on pipelines, we will tarry for a while and if this does not stop, we will decisively act wherever it is necessary.”

The NDA launched its first attack in February, blowing up an underwater pipeline at the Forcados terminal operated by Shell. The group appears to have links with the pro-Biafran movement, which is campaigning for the secession of Biafra in southeast Nigeria. Biafra existed as an independent republic between 1967 and 1970 before being reintegrated into Nigeria. The NDA has also disavowed links with the Movement for the Emancipation of the Niger Delta (MEND), a militant group that led the mid-2000s insurgency in the Niger Delta. The insurgency only came to an end following the introduction of a presidential amnesty program in 2009.

Nigeria’s oil output has dropped from 2.2 million barrels per day (bpd) at the start of 2016 to between 1.5 million and 1.6 million bpd, Kachikwu said. Nigeria’s economy is heavily dependent on the oil and gas sector and the country has now fallen behind Angola as Africa’s biggest oil producer.

Wednesday, June 8, 2016

Video - Tomato disease leads to factories closing in Nigeria




Nigeria is still battling to control a tomato disease that is ravaging farms. The illness called Tuta Absoluta, has led to severe shortages of the much loved vegetable. Processing plants have been shut down and tomato prices have soared. CCTV's Deji Badmus travelled to the North-western Kaduna state to see how deep the crisis runs.

Video - Nigeria to become a nuclear power




Hadassah Egbedi for Ventures Africa reports The ATOMEXPO 2016 International Forum in Moscow, the largest meeting of world leaders and experts on nuclear power, three African countries, Nigeria, Kenya and Zambia signed a Memorandum of Understanding with Russia on nuclear energy.

Nigeria to scale down military offensive in the Niger Delta

Nigeria will scale down a military campaign in the oil-producing Niger Delta and talk to the Niger Delta Avengers militant group which has claimed a string of attacks there that sharply cut crude output, officials said.

But the militant group said in a statement, without mentioning the government initiative, its mandate was "to liberate the Niger Delta people."

The government has also decided that the military presence in the region, which had been increased in the last few weeks, should be scaled down, a statement issued by the vice president's office said on Tuesday.

The southern Delta swamps, where many complain of poverty and oil spills, have been hit by militant attacks on oil and gas pipelines which have brought Nigeria's oil output to a 20-year low, and helped push oil prices to 2016 highs on Tuesday. [O/R]

President Muhammadu Buhari had appointed a team led by the national security adviser "to begin the process of a very intensive dialogue with those caught in the middle of this," Oil Minister Emmanuel Ibe Kachikwu said late on Monday.

"I want to call on the militants to sheath their weapons and embrace dialogue with government," he said. "We are making contacts with everybody who is involved, the ones that we can identify, through them, the ones that we can't identify so that there is a lot more inclusiveness in this dialogue."

"Probably we will suspend the operations of the military in the region for a week or two for individuals in the creeks to converge for the dialogue," he said.

Vice President Yemi Osinbajo, who had been expected to travel to London to meet investors on Tuesday, instead met Niger Delta state governors and military chiefs to discuss ways to end the militancy.

A statement from Osinbajo's office said it had been decided at the meeting that the military presence in the region should be "de-escalated," although forces would be kept to provide security for the talks.

Adding to the problems of authorities trying to stem the violence, a group in the southeast calling for secession declared support for the Avengers.

"We support the Niger Delta Avengers," said Uche Madu, a spokesman for the Movement for the Actualization of the Sovereign State of Biafra (Massob) which wants secession for the region which fought a civil war from 1967-70.

A former militant group, the Movement for the Emancipation of the Niger Delta, which laid down arms in 2009 under a government amnesty, accused the army of a "disproportionate use of force."

MEND, which was one of the largest militant groups, also said the Delta Avengers had attracted some of its former fighters. So far it has been unclear who is behind the Avengers.

There was no immediate direct response from the Avengers on the dialogue initiative. On its Twitter account it only issued a statement framing MEND leaders as criminals.

"Our struggle is focused on the liberation of the People of Niger Delta from decades of divisive rule and exclusion," it said.

Kachikwu also said Nigeria's oil output was between 1.5 million and 1.6 million barrels a day, down from 2.2 million barrels at the start of the year.

"Over the last two months, we have probably lost about 600,000 barrels from various attacks of militants in the area," he said.


President Buhari 'broke promise to end medical tourism'

A leading Nigerian doctor has accused President Muhammadu Buhari of reneging on a promise to end "medical tourism" by seeking treatment in the UK.

Nigerians spent $1bn (Ј690m) on foreign medical trips in 2013, most of which was unnecessary, said Dr Osahon Enabulele.

Nigerian politicians were mostly treated by Nigerian doctors in the UK, he added.

Mr Buhari flew to London on Monday to be treated for an ear infection.

It is unclear where the 73-year-old would be treated for what his office described as a "persistent" infection.

Dr Enabulele, vice-president of the Commonwealth Medical Association, said it was a "national shame" that Mr Buhari went to the UK for treatment when Nigeria had more than 250 ear, nose and throat (ENT) specialists, as well as a National Ear Centre.

Mr Buhari should lead by example by using Nigerian doctors and facilities, and ensure government officials do not go abroad on "frivolous" medical trips, he added.

The UK had more than 3,000 Nigerian-trained doctors, and the US more than 5,000, Dr Enabule said, accusing the government of failing to address the brain drain by improving working conditions and health centres.

Mr Buhari, in a speech delivered on his behalf to the Nigeria Medical Association in April, said the government's hard-earned cash would not be spent on treating officials overseas, especially when Nigeria had the expertise.

Nigeria is one of Africa's biggest oil producers but most of its citizens live in poverty.

Mr Buhari took office last year on a promise to tackle corruption and waste.

President Buhari branded "national shame" for seeking medical treatment overseas

Nigerian President Muhammadu Buhari has broken his promise to end medical tourism by seeking treatment for an ear infection in the U.K., according to a senior doctor.

Dr Osahon Enabulele, a former president of the Nigerian Medical Association (NMA), said in an open letter to the president that about $1 billion was spent funding foreign medical trips in 2013, mostly for Nigerian public officials.

Buhari traveled to London on Monday for a 10-day holiday, during which he will see an ear, nose and throat (ENT) specialist for treatment of a persistent ear infection. The president has canceled several high-profile engagements in recent months, including a planned trip to the restive Niger Delta region to launch a clean-up operation in Ogoniland, a community affected by multiple oil spills in recent years.

The 73-year-old leader, who was elected in March 2015 on an anti-corruption ticket, said in a speech to the NMA in April that the government would cut back spending on sending public officials abroad for treatment when there was evidence of expertize in Nigeria. The office of the Nigerian presidency said Buhari traveled to London after being evaluated by his personal physician and an ENT specialist in the capital Abuja.

Enabulele, who is also the vice-president of the Commonwealth Medical Association, said it was a “national shame” that Buhari was seeking treatment in London, despite the presence of more than 250 ENT specialists in Nigeria and a National Ear Center in Kaduna state, northern Nigeria. Enabulele stated that the U.K. had some 3,000 Nigerian-trained doctors, most of whom had emigrated due to the Nigerian government’s failure to address problems in the West African country’s health service.

Enabulele even stated that he himself had received treatment from an ENT specialist in Nigeria in April “in line with my patriotic commitment to the Nigerian dream” and said he believed that Nigerian physicians “are skilled enough, and with the right equipment in place can handle any complicated ENT problem in Nigeria.”

Nigeria football legend Stephen Keshi dies at age 54

One of African football's best-known figures, Stephen Keshi, has died at the age of 54, the Nigeria Football Federation has said.

A former captain of the Nigeria national team, Keshi was one of only two men to win the Africa Cup of Nations both as a player and a coach.

He also managed Togo and Mali, and his playing career included a spell for Belgian club side Anderlecht.

He is thought to have suffered a heart attack, local media reported.

As a player, Keshi was part of the Super Eagles team that won the Nations Cup in 1994 and narrowly missed out on a World Cup quarter-final place the same year.

He coached the national side over three spells, leading Nigeria to the 2013 Nations Cup title in South Africa and the last 16 at the 2014 World Cup in Brazil.

His contract was not renewed after the World Cup but he later returned on a match-by-match deal following the team's failure to reach the 2015 Nations Cup finals.

He was then sacked as caretaker coach but reinstated after intervention from then Nigeria president Goodluck Jonathan. He was sacked for a final time last July.

Tuesday, June 7, 2016

Video - Impact of Nigeria's oil pollution




Take a look at the effects of decades-long oil spills in the Niger delta region on farming. Although a program to mop up the oil spills was launched recently-it could take another three decades before the environment in the area is fully restored. CCTV's Kelechi Emekalam spent a day with a farmer in the Ogoni land and filed the following report.

Tomato crisis in Nigeria might be coming to an end

Nigerian scientists believe they have found a cure to a pest that has ravaged the country’s tomato crop and seen the price of the fruit increase more than 30-fold.

The tomato leaf miner moth, also known as Tuta Absoluta, has destroyed around 80 percent of the tomato farms in the northern state of Kaduna, leading the local government to declare a state of emergency. Prices have skyrocketed and a basket of tomatoes that cost $1.20 less than three months ago now sells for more than $40.

Nigerians have been desperately searching for a solution to the crisis, which has even been blamed on the Boko Haram insurgency by Nigerian Information Minister Lai Mohammed. The minister said that the lack of tomato farming in the northeast was a direct result of the armed group’s campaign, which began in 2009 and has displaced more than 2 million people.

The shortage of what is a common ingredient in many Nigerian dishes has also forced many to close their farms, including business mogul Aliko Dangote, Africa’s richest man, whose Dangote Tomato Processing Factory suspended operations in May due to the shortage.

Now Nigeria’s National Research Institute for Chemical Technology says it has come up with a pesticide that can be used to tackle the moth. The institute’s public relations officer, Alhaji Bala Aliyu, told the News Agency of Nigeria that the vaccine had proven to be “very effective” during testing and that the institute was working with regulatory agencies to getting the pesticide certified and distributed to farmers.

As well as depriving Nigerians of a favored food stuff, the scarcity has also seen citizens of the West African country casting envious eyes at Spain, where residents of the eastern town of Bunol celebrate the festival of La Tomatina each August by throwing tonnes of near-rotten tomatoes at each other. Nigerians took to social media to poke fun at the disparity in the amounts of the red fruits available in the two countries.

Nigeria says it has recovered $9.1 billion in looted funds


The Nigerian government says it has recovered assets and funds totaling $9.1 billion as part of its anti-corruption drive. The recovered assets “include monies withheld by past government officials, monies kept in private accounts, monies diverted to private pockets and monies in possession of government officials not disclosed after leaving government,” a spokesman said. The funds were recovered during president Buhari’s first year in office.

The news of the recovered funds signals gains made by president Buhari’s anti-corruption drive as he remains intent on ensuring transparency in state institutions and agencies previously known for being opaque and corrupt.

The recovery will also likely enhance Buhari’s reputation internationally as being intolerant of corruption despite aspersions cast inadvertently last month by David Cameron, prime minister of Britain. Cameron had described Nigeria as “fantastically corrupt” in the run-up to an anti-corruption summit in London but Buhari responded strongly asking Britain to return Nigeria’s stolen assets kept in the country.

But while the news of recovered funds has been hailed as a major win by the government, it has been received with a healthy dose of skepticism from many Nigerians. The skepticism is because the government did not release any names of persons and officials the assets were recovered from. This was despite an earlier promise by president Buhari to “make a comprehensive report” on “what has been recovered in whatever currency from each ministry, department and individual.” The report was expected to come during the president’s democracy day address on May 29.

The government says it cannot release names of looters for legal reasons but various groups within the country have questioned and criticized the government’s decision to withhold the names. Critics say by not naming the looters, there is little deterrent to prevent others from looting funds as they suffer no reputational damage. “These people will do it again and again,” said a comment on one of the country’s biggest newspapers. “Because all you have to do in the eventuality that a government changes, is that you simply return the money and you wait until you can do it again.”

The timing of the recovery of the funds is crucial for Nigeria’s stumbling economy. The recovered funds are set to come in at a time when the government is doubling down on efforts to diversify its oil-dependent economy and fund a record $30.6 billion national budget. With oil prices falling and state revenue dwindling as a result, Nigeria’s economy has had a rough year typified by job losses, investor reticence and slowed GDP growth.

Germany to supply Nigeria with military hardware

The German Government on Monday confirmed that it would commence supply of military hardware to support Nigeria’s effort to address security challenges in the Northeast and Niger Delta, before the end of 2016.

The Permanent Secretary, German Foreign Office, Mr. Markus Elderer, said this in a chat with the News Agency of Nigeria (NAN) on the sideline of the defence session of the Nigeria-Germany Bi-National Commission meeting in Abuja.

He said the decision to support Nigerian security forces in their counter-insurgency operations was the German government’s response to a request made by President Muhammadu Buhari at the last G-7 summit hosted by the European nation.

Elderer said the equipment to be supplied to Nigeria are ground surveillance equipment, anti-mine equipment and gun boats, among others.

Monday, June 6, 2016

Video - Nigerian writers find creative ways to sell their books



In Nigeria, there's a growing number of authors, but not enough publishers.
Some companies are taking Nigerian books abroad to help boost writing in the country.

Video - Ramadan attack plot uncovered by Nigerian military




The Nigerian army says it's uncovered a plot by Boko Haram militants to attack the country during Ramadan. Apparently the group's been planning to set off several bombs. That's according to the Nigerian Defence Headquarters. Sunday's statement comes after at least 32 Nigerian soldiers were killed in a clash with suspected fighters from Boko Haram along the Niger Nigerian border.

Nigeria stalling in signing EU-ECOWAS trade agreement

Nigeria will continue consultations within the country regarding its stance on the Economic Partnership Agreement, EPA, between ECOWAS and the European Union, Vice President Yemi Osinbajo said at the just concluded Dakar meeting of West African leaders.

According to him “there are ongoing negotiations on it. We are discussing with the Manufacturing Association of Nigeria (MAN) and some other key economic players about it.”

In addition, the VP noted that “we understand some of the terms of this agreement are capable of restricting their-manufacturers-trading activities and we would not want this to happen.”

Prof. Osinbajo explained that in the consultation process “it is equally important that as we make the decision, we take into consideration the concerns of these critical stakeholders and tread cautiously.”

He noted at the meeting which ended later on Saturday that Nigeria is yet to fully endorse the agreement because of these concerns.

He stated that for now the federal government will continue to engage in wide consultations with relevant stakeholders before coming to a conclusion on the Economic Partnership Agreement.

While a number of West African nations have endorsed the deal, a few including Nigeria have raised issues regarding the implications of the deal, being championed by the European Union.

The EPA is a free trade deal that had been initialled by EU and ECOWAS negotiators covering trade in goods and development cooperation.

Speaking at the end of the 49th Ordinary Session of the Economic Community of West African States (ECOWAS) which took place in Dakar, Senegal this weekend where he represented President Muhammadu Buhari, Mr. Osinbajo stated that Nigeria cannot be committed to such an agreement without wide consultations.

Meanwhile, the Vice President also restated Nigeria’s constant commitment and obligations to the regional body having recently paid its dues. This is coming against the background of worries that some of the members of the body are not up-to-date in their financial obligations, with a call raised at the Dakar summit for such nations to do so.

Indeed Nigeria was openly commended at the summit for fulfilling its obligations by paying the community levies.

“We are also very committed to ECOWAS . As the largest economy in the region, we have constantly fulfilled our obligations and we intend to continue to do this, ” the Vice President declared.

Presidents, Prime Ministers and very top officials from the 16 ECOWAS members gathered in Dakar over the weekend to deliberate on important issues. The summit also witnessed the swearing-in of the new ECOWAS commission President, Marcel A. de Souza.

The meeting also featured commendations from ECOWAS leaders to the Nigerian President Muhammadu Buhari and the nation on the progress recorded by the country against terrorists.

At the end of the summit, Liberian President Ellen Sirleaf Johnson was chosen as the Chairperson of the ECOWAS Authority of Heads of State and Government taking over from her Senegalese counterpart, Macky Sall.

Nigeria sabotage push up oil prices

Brent crude oil prices rose on Monday, lifted by a plunge in the dollar that could spur demand just as attacks on Nigerian oil infrastructure tighten supplies, but signs of recovering U.S. output capped gains.

Brent crude futures LCOc1 were up 63 cents at $50.27 a barrel at 0941 GMT (05:41 a.m. EDT). U.S. crude futures CLc1 were up 60 cents at $49.22 a barrel.

Traders said oil prices rose on a sharp fall in the dollar .DXY on Friday after weak U.S. jobs data sparked concerns over the state of the world's biggest economy, cutting expectations of a near-term cut in U.S. interest rates.

A weaker dollar supports fuel demand in the rest of the world as it makes dollar-traded oil imports cheaper.

Traders will be watching Fed Chair Janet Yellen's speech at 1630 GMT (12:30 p.m EDT) on Monday for hints of a potential rate move.

"Futures have been trading in a small range for the last 10 days. If we want to see any more upward movement then we need to see strength from products...but so far the gasoline crack has been capped," said Olivier Jakob, oil analyst at Petromatrix in Switzerland.

The Muslim holy month of Ramadan starts on Monday and is seen as supportive of prices as driving demand picks up in most Muslim-dominated countries.

Traders said prices were also propped up by attacks on oil infrastructure in Nigeria, which has already sent the country's output to more than 20-year lows.

So far, supply cuts like those in Nigeria or Libya, have been met by rising output in the Middle East, especially Iran, which has ramped up output since the end of international sanctions against it in January.

But Iran is returning to international oil markets more quickly than expected and is quickly returning to its maximum capacity.

This means that further disruptions in global supplies might not be compensated by rising Iranian output.

Oil's price rally, however, was capped on signs of increased output in the United States where energy firms this week added rigs drilling for oil for the second time this year, energy services company Baker Hughes Inc (BHI.N) said on Friday.

Rising prices have encouraged producers to cautiously increase activity. Drillers added nine oil rigs in the week to June 3, raising the rig count to 325 but still well below the 642 at work a year earlier, Baker Hughes said.

"While not enough to materially change the outlook for U.S. production ... there are some early signs that rigs may be returning in the best acreage, namely the Permian Basin," Morgan Stanley said.

U.S. crude oil production has fallen by 5.4 percent since January and by almost 10 percent since mid-2015 to 8.74 million barrels per day.

Video - Aliko Dangote building world's largest oil refinery in Nigeria




Nigeria is Africa's top oil producer, yet it's in the middle of a fuel crisis. The missing link: oil refineries. To address this massive disconnect, billionaire businessman Aliko Dangote is building an oil refinery right outside Lagos.


Friday, June 3, 2016

Video - Nigeria's revenue dip on low global oil prices




CCTV's Sophia Adengo now tells us how Nigeria's heavy dependence on petroleum exports for revenue has seen a ripple effect in the economy.

Video - President Buhari cancels visit to troubled oil producing Niger Delta




Nigeria has begun cleaning up decades of oil pollution in the Niger Delta region despite a last minute cancellation by the president to launch the exercise. No reasons were given for the cancellation. The Avengers militant group had however threatened oil companies with bloody attacks ahead of the planned visit by the President. He was represented by Vice President, Yemi Osinbajo.

Nigerian Mohammed Barkindo appointed Opec secretary-general

The Opec oil cartel said on Thursday that it had appointed Nigeria’s Mohammed Barkindo as its new secretary-general.

Barkindo, former head of Nigerian National Petroleum, will replace Libyan Abdalla El-Badri who has held the position since 2007.

El-Badri was due to step down in 2012, but has stayed in place because Opec has been unable to agree on a successor. Other candidates were Ali Rodriguez Araque, previously secretary-general in 2001-2002, and Mahendra Siregar of Indonesia.

"We’ve finally selected the secretary-general, which is good. He’s highly respected and qualified," said Saudi Arabian Energy Minister Khaled al-Falih.

Mohammed Barkindo, who was acting head of Opec in 2006, met ministers from Algeria, the United Arab Emirates (UAE), Kuwait, Venezuela, and Saudi Arabia in Vienna this week to garner support for his candidacy, according to a person familiar with the matter, who asked not to be identified because the talks were private.

Indonesia’s Siregar — a former deputy finance minister described by UAE Oil MinisterSuhail Al Mazrouei as the only other credible candidate for the post — did not make a public appearance in Vienna on Wednesday.

Angola, the only other member of Opec in sub-Saharan African, supported Barkindo, Minister of Petroleum José Maria Botelho de Vasconcelos told reporters on Wednesday.

The Nigerian candidate also met with Iraq and Iran prior to Thursday’s Opec meeting, according to a person familiar with the matter.

El-Badri was originally due to step down in 2012, after serving the maximum two terms permitted by Opec’s regulations.

Squabbling members were not able to agree on a replacement, as political rivals Saudi Arabia, Iran and Iraq blocked each other’s applicants, and El-Badri’s tenure was extended at successive meetings.

At Opec’s last meeting in December, the feud over the group’s role in managing oil markets spilled over into the selection of its most senior official.

Venezuela, Algeria, Iran and Ecuador — frustrated at their inability to press Saudi Arabia into cutting production — insisted that El-Badri’s term should not be extended another year. A compromise was reached, with the extension limited to July, and his title modified to acting secretary-general.

If no unanimous decision is reached to choose a new secretary-general, the position "shall be appointed on a rotational basis for a term of two years", according to article 28 of Opec’s statute.

This is what happened for much of the decade before El-Badri’s appointment, with the position filled by representatives from countries holding Opec’s presidency — a largely ceremonial role that is transferred alphabetically between members.

Barkindo spent more than 23 years at Nigerian National Petroleum, where he served in various capacities including deputy MD of Nigeria LNG, head of the international trading unit and manager of the state-run company’s London office. He also served for 15 years as Nigeria’s national representative to Opec. In January 2009, he was appointed group MD of Nigerian National Petroleum, only to be removed from the post a little more than a year later by then-president Goodluck Jonathan.