DIRS.INFO The most relevant business & tech news

☆ Mass visa cancellations at Saudi airport puts relations with Nigeria in spotlight
▼ + stars: | 2023-11-16 | by ( Nimi Princewill | ) edition.cnn.com time to read: +5 min

Abuja, Nigeria CNN —Diplomatic relations between Saudi Arabia and Nigeria have come under scrutiny after 177 Nigerians were refused entry to the country on Monday. The mass cancellation of visas occurred as Nigera’s President Bola Tinubu was still in Saudi Arabia after holding bilateral talks with the Saudi government. “There was a total lack of sensitivity (by Saudi officials) because the president (of Nigeria) was visiting that country,” Okhai said. Saudi Arabia is a popular pilgrimage destination for thousands of Nigerian Muslims. However, Monday’s deportation of Nigerian nationals is not the first time travelers have been refused entry to Saudi Arabia.

Persons: Bola Tinubu, It’s, ”, ” Victor Okhai, ” Okhai, Reno Omokiri, ” Omokri, Mohamed bin Zayed Al Nahyan Organizations: Nigeria CNN —, Air, country’s Ministry, Hajj, Saudi, Jeddah …, Africa Summit, Guinea Bissau, African Diaspora Foundation, CNN, United Arab Emirates, UAE, reoccurrence Locations: Abuja, Nigeria, Saudi Arabia, Jeddah, Mecca, Saudi, Guinea, Independence, Kingdom of Saudi Arabia

☆ Nigeria gets refineries investment, forex pledge from Saudi Arabia
▼ + stars: | 2023-11-10 | by ( Felix Onuah | ) www.reuters.com time to read: +3 min

REUTERS/Temilade Adelaja/File Photo Acquire Licensing RightsABUJA, Nov 10 (Reuters) - Nigeria and Saudi Arabia on Friday agreed to a series of investment and cooperation deals, including a pledge by the Saudi government to invest in the revamp of Nigeria's oil refineries and provide financial support to sustain the government's foreign-exchange reforms. Under Tinubu, Nigeria has embarked on the boldest reforms in decades, scrapping a popular petrol subsidy and unifying the country's multiple exchange rates as part of measures "aimed at improving the ease of doing business." Information Minister Mohammed Idris said the Saudi government pledged to make "a substantial deposit of foreign exchange to boost Nigeria's forex liquidity". "Nigeria and Saudi Arabia have always enjoyed a special relationship at both the bilateral and multilateral levels. The two leaders agreed to work together over the next six months to "develop a comprehensive road map and blueprint" to deliver on the investments, Idris said.

Persons: Bola Tinubu, Temilade, Saudi Crown Prince Mohammed bin Salman, Mohammed Idris, Idris, Tinubu, Ajuri Ngelale, Boko, Felix Onuah, Elisha Bala, Emelia Sithole, Matthew Lewis, David Evans Organizations: REUTERS, Rights, Saudi Crown, Saudi Aramco, Thomson Locations: Abuja, Nigeria, Rights ABUJA, Saudi Arabia, Saudi, Africa, Riyadh, Tinubu, Africa's

☆ Nigeria Opposition's Obi Slams Court Ruling Confirming Tinubu Election Win
▼ + stars: | 2023-11-06 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

The Supreme Court judgment followed a pattern seen in previous presidential elections that have been challenged in court. Speaking for the first time since the ruling, Obi, a former two-term governor who campaigned as an outsider, told reporters the judgment was a disappointment and contradicted overwhelming evidence of election rigging, false claims of technical glitches, and other irregularities. Obi's supporters, known as the "Obidients", have been vocal in their criticism of the Supreme Court ruling. They have accused the court of being biased and of protecting the interests of the ruling party. Obi's rejection of the Supreme Court ruling is likely to resonate with his supporters, mostly young Nigerians who were attracted by his message of hope and change and see him as a break from the old guard.

Persons: Camillus, Peter Obi, Bola Tinubu's, Atiku Abubakar, Obi, Tinubu, Obi's, Camillus Eboh, Elisha Bala, Emelia Sithole Organizations: Reuters, Labour Party Locations: Camillus Eboh ABUJA, Nigeria

☆ Canada investigates fatal embassy explosion in Nigeria, issues travel alert
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

"We can confirm there was an explosion at our High Commission in Nigeria. Nigerian President Bola Tinubu's spokesperson said that there were deaths and injuries in a fire on Monday at the High Commission of Canada but did not give any figures. Canada's High Commission in Nigeria, without commenting on the explosion, said on social media that it had "temporarily suspended operations until further notice." The embassy issued a travel advisory, warning against non-essential travel to Nigeria, including capital Abuja, "due to the unpredictable security situation throughout the country and the significant risk of terrorism, crime, inter-communal clashes, armed attacks and kidnappings." Western countries routinely issue warning about travelling to Nigeria, which the Abuja government often dismisses as lacking merit.

Persons: Melanie Joly, " Joly, Bola Tinubu's, Tinubu, MacDonald Dzirutwe, Ismail Shakil, Cynthia Osterman, Sandra Maler Organizations: Ottawa, Washington, Commission, High Commission of, Thomson Locations: LAGOS, Canada, Nigeria, London, West African, High Commission of Canada, Canada's, Abuja, United States, Britain, Nigeria's, Lagos, Ottawa

☆ Suspected Boko Haram kills at least 40 in Nigeria's Yobe state, police say
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

MAIDUGURI, Nigeria, Nov 1 (Reuters) - At least 40 people were killed in Nigeria's Yobe state between Monday and Tuesday after suspected Boko Haram militants shot at villagers and set off a land mine, in the first major attack on the northern eastern state in 18 months, the police said on Wednesday. The attack happened at about 8:30 p.m. (1930 GMT) on Monday, at Gurokayeya village, Gaidam local government in Yobe State, the state's police spokesperson Abdulkarim Dungus said. He said gunmen opened fire on villagers, killing at least 17 people and that on Tuesday a land mine exploded, killing at least 20 villagers who were returning from burying victims of the previous attack. The last time a bomb exploded in Yobe state was in April 2022. Lawan Ahmed, a resident, told Reuters the militants shot at villagers sporadically from motorbikes, killing about 18 people on Monday.

Persons: Boko Haram, Abdulkarim Dungus, Bola Tinubu, Lawan Ahmed, Ahmed, Lanre Ola, Ahmed Kingimi, Chijioke Ohuocha, MacDonald Dzirutwe, Franklin Paul, Jonathan Oatis, David Gregorio Our Organizations: Reuters, Thomson Locations: MAIDUGURI, Nigeria, Yobe, Gurokayeya, Yobe State, Borno

☆ Germany's Scholz says his country willing to invest in Nigerian gas, minerals
▼ + stars: | 2023-10-29 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Johanna Geron Acquire Licensing RightsABUJA, Oct 29 (Reuters) - German Chancellor Olaf Scholz said on Sunday his country was willing to invest in gas and critical minerals in Nigeria, Africa's largest oil producer, as he started a two-nation visit to sub-Saharan Africa. "There is a willingness to invest, especially in critical minerals," Scholz told reporters at a joint briefing with Nigerian President Bola Tinubu in the capital Abuja. "If we are successful, if there is a better chance of exporting the produced gas ... it is then the question for German companies to do their private business," said Scholz. Tinubu said he had "a very deep discussion" on the issue of gas and encouraged German businesses to invest in pipelines in Nigeria. Without giving details, Scholz said there was also a willingness from German companies to build railways in Nigeria.

Persons: Olaf Scholz, Johanna Geron, Scholz, Bola Tinubu, Tinubu, Felix Onuah, Andreas Rinke, MacDonald Dzirutwe Organizations: European Union, REUTERS, Rights, West African, ECOWAS, Thomson Locations: Brussels, Belgium, Rights ABUJA, Nigeria, Saharan Africa, Berlin, Abuja, Niger, Gabon

☆ Explainer: What is pushing the Nigerian naira to record lows?
▼ + stars: | 2023-10-27 | by ( Chijioke Ohuocha | ) www.reuters.com time to read: +4 min

Investors cheered when Tinubu lifted the currency controls, hoping a unified exchange rate would make it easier to access foreign currency, but that is yet to happen. Banks then repaid foreign credit lines with their own funds when the central bank did not pay out. New central bank governor Yemi Cardoso said clearing the backlog was a priority but he gave no timeline for how long it would take. The country's forex reserves fell to $33.5 billion in September from $37 billion in January, central bank data shows. Banks use their open net positions on foreign currency to finance short-term trade lines without resorting to the central bank for bidding.

Persons: Bola Tinubu, Tinubu, corporates, Banks, Yemi Cardoso, Chijioke Ohuocha, MacDonald Dzirutwe, Hugh Lawson Organizations: JPMorgan, FX, National Economic Council, BANK, Thomson Locations: ABUJA, Nigeria

☆ Nigeria's top court affirms Tinubu's election win
▼ + stars: | 2023-10-26 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsNigeria's top court affirms Tinubu's election winPostedNigeria's Supreme Court on Thursday (Oct. 26) upheld President Bola Tinubu's election win, bringing to an end a legal challenge brought by his two main rivals who argued that his victory was marred by irregularities. Trevor Koroll has more.

Persons: Bola Tinubu's, Trevor Koroll

☆ Microsoft jumped headfirst into the AI race. Now it's cashing in.
▼ + stars: | 2023-10-26 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Microsoft's early investment in AI may already be paying off. AdvertisementAdvertisementAfter heavily investing in OpenAI after the launch of ChatGPT, Microsoft sparked something of an AI arms race among its big tech rivals. Microsoft's success had a lot to do with the success of Copilot, Rotibi said. "Microsoft has captured the zeitgeist of kind of the AI and generative AI with copilot," she said. Despite Microsoft''s success, Rotibi said it was still too early to call a winner in the AI race or say whether Google was falling behind.

Persons: —, Satya Nadella, Dan Ives, Ives, Bola Rotibi, Rotibi, It's Organizations: Service, Microsoft, CNBC, Google, CCS Insight, OpenAI, Excel Locations: OpenAI, Refinitiv

☆ Nigerian Supreme Court upholds President Tinubu's election win
▼ + stars: | 2023-10-26 | by ( Camillus Eboh | ) www.reuters.com time to read: +2 min

Nigeria's President Bola Tinubu looks on after his swearing-in ceremony in Abuja, Nigeria May 29, 2023. REUTERS/Temilade Adelaja/File Photo Acquire Licensing RightsABUJA, Oct 26 (Reuters) - Nigeria's Supreme Court on Thursday upheld President Bola Tinubu's election win, bringing to an end a legal challenge brought by his two main rivals, who argued that his victory was marred by irregularities. The judgment by seven Supreme Court judges, which is final, follows a pattern seen in previous presidential elections that have been challenged in court. "There is no merit in this appeal, and it is hereby dismissed," said Supreme Court judge John Okoro. The court also rejected Atiku's bid to introduce new evidence that alleged Tinubu had submitted a forged university certificate to the electoral agency.

Persons: Bola Tinubu, Temilade, Bola Tinubu's, Atiku Abubakar, Peter Obi of, Tinubu's, Tinubu, John Okoro, Camillus Eboh, MacDonald Dzirutwe, Estelle Shirbon, Sharon Singleton Organizations: REUTERS, Rights, People's Democratic Party, Labour Party, Thomson Locations: Abuja, Nigeria, Rights ABUJA, Africa's

☆ Nigeria escapes $11 billion bill after UK court rules over failed gas project
▼ + stars: | 2023-10-24 | by ( Nimi Princewill | ) edition.cnn.com time to read: +2 min

CNN —Nigeria’s government is celebrating a “landmark victory” after a UK court ruled it was not liable for a multibillion-dollar payout earlier awarded to a private firm over a failed gas project. The company had sued for compensation over lost profits following the collapse of a 20-year deal with Nigerian authorities in 2010 to build a gas processing facility. The awarded sum and accumulated interest had now exceeded $11 billion, nearly half of Nigeria’s federal budget for this year. Disagreements after both parties blamed each other for defaulting on obligations led to the failed deal and sparked a lengthy legal battle. Lawyers for the Nigerian government had argued that P&ID induced the country’s officials with bribes for the contract to be awarded to the firm.

Persons: CNN —, Robin Knowles, “, …, ” Knowles, ”, General Lateef Fagbemi, Bola Tinubu, Knowles ’ Organizations: CNN, Developments Locations: British Virgin Islands, London, Nigeria

☆ Nigeria wins bid to overturn $11 bln damages for collapsed gas deal
▼ + stars: | 2023-10-23 | by ( Sam Tobin | ) www.reuters.com time to read: +4 min

Nigeria's President Bola Tinubu looks on after his swearing-in ceremony in Abuja, Nigeria May 29, 2023. The sum had since swelled with interest to over $11 billion, representing 10 times the country's 2019 health budget. The judge said a further hearing would take place to decide whether to send the case back to arbitration or ditch the $11 billion award without further delay. Both received confidential Nigerian documents during the arbitration that they knew they were not entitled to see, the judge found. Additional reporting by Felix Onuah in Abuja, Editing by Estelle Shirbon and David EvansOur Standards: The Thomson Reuters Trust Principles.

Persons: Bola Tinubu, Temilade, Tinubu, Robin Knowles, Knowles, Nigeria's, Trevor Burke, Seamus Andrew, Burke, Andrew, Felix Onuah, Estelle Shirbon, David Evans Organizations: REUTERS, Monday, London's, Africa's, ID's, Thomson, & $ Locations: Abuja, Nigeria, British Virgin Islands, Nigerian, Africa

☆ Nigeria Opposition Asks Supreme Court to Overturn President Tinubu's Victory
▼ + stars: | 2023-10-23 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +2 min

By Camillus EbohABUJA (Reuters) - Nigeria's two main opposition leaders on Monday asked the Supreme Court to quash last month's tribunal ruling upholding President Bola Tinubu's February election victory, in a last bid to reverse results of a vote widely accepted by the international community. No legal challenge to the outcome of a presidential election has succeeded in Nigeria, which returned to democracy in 1999 after three decades of almost uninterrupted military rule and has a history of electoral irregularities. On Sept. 6 the presidential tribunal rejected petitions by Atiku and Obi to cancel the election result over alleged irregularities. The provision has been interpreted differently by the opposition and Tinubu's lawyers. The Supreme Court, which has the final say in presidential election petitions, has 60 days to pass judgment from the day of the presidential tribunal ruling.

Persons: Camillus, Bola Tinubu's, Atiku Abubakar, Peter Obi of, Atiku, Obi, Tinubu, Camillus Eboh, MacDonald Dzirutwe, Deborah Kyvrikosaios Organizations: Reuters, Monday, People's Democratic Party, Labour Party, Atiku Locations: Camillus Eboh ABUJA, Nigeria, Abuja

☆ Nigeria expects $10 bln in forex inflows in weeks - finance minister
▼ + stars: | 2023-10-23 | by ( Chijioke Ohuocha | ) www.reuters.com time to read: +2 min

ABUJA, Oct 23 (Reuters) - Nigeria expects $10 billion in foreign currency inflows in the next few weeks to ease liquidity in a foreign exchange market that has cramped growth in Africa's biggest economy, finance minister Wale Edun said on Monday. The West African country has faced chronic dollar shortages after foreign investors exited local assets during a period of low oil prices. Since then, investors are yet to return and the central bank has not yet settled outstanding demand for dollars from foreign investors seeking to repatriate funds or airlines seeking to send money from ticket sales abroad. Edun said President Bola Tinubu on Thursday signed two executive orders to allow domestic issuance of instruments in foreign currency and also allow all cash outside the banking system to be brought into the banks. He added that liquidity would also come from state-oil firm crude sales and foreign investment firms willing to invest in Nigeria.

Persons: Wale Edun, Edun, Bola Tinubu, Tinubu, Chijioke, MacDonald Dzirutwe, Bernadette Baum, Mark Potter Organizations: Thomson Locations: ABUJA, Nigeria, Africa's

ABUJA, Nigeria (AP) — Nigerian government workers on Tuesday continued working after last-minute efforts by authorities averted a nationwide strike to protest growing hardship that could have shut down government services in Africa's most populous country. The indefinite strike by Nigerian labor unions scheduled to start Tuesday is being suspended for 30 days, while meetings and talks with the government will be held over the coming days, said Joe Ajaero, president of the Nigeria Labour Congress, or NLC, which is the umbrella body of the unions. Talks with the labor unions have stalled and a slow start to several intervention efforts resulted in last week’s announcement of the strike. One major source of concern has been intervention efforts, which the labor unions said have been slow. “But the adverse outcomes of the measures, the hardship, were much higher than what many of us expected.”

Persons: Joe Ajaero, Bola, ”, Muda Yusuf Organizations: Nigeria Labour Congress, NLC, Lagos Chamber of Commerce, Industry, Private Enterprise Locations: ABUJA, Nigeria, Africa's, Lagos

ABUJA, Nigeria (AP) — Nigeria’s leader increased the wages of some government workers in last-minute efforts to appease labor unions whose planned strike this week could shut down government offices in all sectors of Africa’s largest economy. The increase expected to take effect this month takes the minimum wage to 55,000 naira ($71), still far below the 200,000 naira ($258) the unions had requested. The labor unions did not immediately comment on Tinubu’s announcement. The unions representing Nigeria’s government workers announced they will go on an indefinite strike starting Tuesday to protest the government's austerity measures. Talks with the labor unions have stalled and a slow start to several intervention efforts resulted in last week's announcement of the indefinite strike.

Persons: —, Bola Tinubu, Tinubu, ” Locations: ABUJA, Nigeria

☆ Nigeria's Tinubu offers wage increase ahead of labour strike
▼ + stars: | 2023-10-01 | by ( Felix Onuah | ) www.reuters.com time to read: +2 min

Bola Tinubu, President of Nigeria, arrives for the closing session of the New Global Financial Pact Summit, Friday, June 23, 2023 in Paris, France. Tinubu scrapped a decades-old subsidy during his inauguration in May and ended foreign exchange restrictions, which has led to soaring cost of living and angered unions. In a national broadcast marking 63 years of independence, Tinubu defended the reforms as necessary to put Africa's biggest economy on the path to recovery. That would take the minimum wage in Nigeria to 55,000 naira ($71) from 30,000 naira. But labour unions want Tinubu to reinstate the fuel subsidy and had previously demanded a minimum wage of 200,000 naira.

Persons: Bola Tinubu, Lewis Joly, Tinubu, Tinubu's, Felix Onuah, MacDonald Dzirutwe, Daniel Wallis Organizations: New Global Financial, Rights, Sunday, Thomson Locations: Nigeria, Paris, France, Rights ABUJA

☆ Gunmen Kill 14, Kidnap 60 in Attacks in Northern Nigeria
▼ + stars: | 2023-09-24 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +2 min

By Ahmed KingimiMAIDUGURI, Nigeria (Reuters) -Gunmen in Nigeria killed eight people on Sunday and abducted at least 60 others in two communities of northwest Zamfara state, residents and a local traditional leader said, two days after armed men kidnapped dozens from a university in the state. The attackers set fire to five vehicles and drove off with one truck, the witness said. Residents said gunmen early on Sunday tried to attack a forward army base in a rural Magami community of Zamfara, but were repelled. Zamfara is one of the states worst affected by kidnappings for ransom by armed gangs known locally as bandits. Attacks in the northwest are part of widespread insecurity in Nigeria.

Persons: Ahmed Kingimi MAIDUGURI, Bola Tinubu, Shuaibu Haruna, Haruna, Isa Mohd, Ahmed Kingimi, MacDonald Dzirutwe, David Holmes Organizations: Reuters, Gunmen, Residents, Sunday, Police Locations: Nigeria, Zamfara, Magami, Kabasa, Maiduguri

ABUJA, Nigeria (AP) — If you listen to the African leaders addressing the U.N. General Assembly this year, the message is emphatic and unanimous: The continent is done being a victim of a post-World War II order. It is a global power in itself and must be partnered with — not sidelined. There’s also a new boldness that comes with the African Union’s G20 seat. With the largest bloc of countries at the United Nations, it is understandable that African leaders increasingly demand a bigger voice in multilateral institutions, said Murithi Mutiga, program director for Africa at the Crisis Group. As African leaders spoke glowingly about the continent as a force on the global stage, some at home said the leaders must begin by delivering the dividends of democracy to their people.

Persons: —, There’s, William Ruto, Nana Akufo, Addo, Africa’s, Cyril Ramaphosa of, ”, Bola Tinubu, Tinubu, Murithi Mutiga, Rashid Abdi, Horn of, ” Abdi, Felix, Antoine Tshisekedi, Filipe Nyusi, Nyusi, Ibrahim Mayaki, Mayaki, Grace Agbu, Mamadi Doumbouya Organizations: General Assembly, Kenyan, United Nations, Crisis, African Development Bank, Gulf, Slave Trade, SEAT, Economic Cooperation, Development, Democratic, Africa Center, ” Locations: ABUJA, Nigeria, Africa, Russia, Ukraine, Cyril Ramaphosa of South Africa, Horn of Africa, Nairobi, Europe, United States, Paris, Democratic Republic of, Congo, New York, Nigeria’s, Abuja, “, ”

☆ Nigeria's Tinubu Urges UN to Help Curb Exploitation of Africa's Resources
▼ + stars: | 2023-09-21 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +2 min

UNITED NATIONS (Reuters) - Nigerian President Bola Tinubu urged the United Nations to become more proactive in addressing his African nation's poverty and security issues and helping to fight illicit resource extraction, his spokesman said on Thursday. Tinubu raised the issues when he met U.N. Secretary-General Antonio Guterres on Wednesday on the sidelines of the U.N. General Assembly in New York, his spokesman Ajuri Ngelale said in a statement. The Nigerian leader said malign actors who engage in illicit activities, including resource and weapons smuggling, exploit Africa's vast mineral wealth and undermine its stability. "We now recognize the need to reform the institution to represent the world as it is today," Guterres was quoted as saying. (Reporting by Felix Onuah in Abuja; Writing by Elisha Bala-Gbogbo; Editing by Howard Goller)

Persons: Bola Tinubu, Tinubu, U.N, Antonio Guterres, Ajuri Ngelale, Guterres, Felix Onuah, Elisha Bala, Howard Goller Organizations: UNITED NATIONS, Reuters, United Nations, General Assembly, United, General, West African, ECOWAS Locations: New York, United Nations, West Africa, Niger, Abuja

☆ Nigerian state declares curfew after election tribunal sacks governor
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +1 min

Nigeria's newly declared winner of 2023 presidential election, Bola Tinubu speaks at the National Collation Centre in Abuja, Nigeria, March 1, 2023. REUTERS/Esa Alexander/File Photo Acquire Licensing RightsKANO, Nigeria, Sept 20 (Reuters) - Nigeria's northern Kano state declared a 24-hour curfew on Wednesday after a tribunal overturned the election of an opposition candidate as governor and declared a member of President Bola Tinubu's party the rightful winner. Ahead of the election tribunal ruling, security forces occupied major roads in the capital of Kano, which shares the same name. The March gubernatorial vote had seen Abba Yusuf of the New Nigerian Peoples Party, a regional party, defeating ruling All Progressives Congress party candidate Nasiru Gawuna, who alleged fraud. It is not unusual for governorship election results to be overturned in Nigeria, which has 36 states that are presided over by state governments.

Persons: Nigeria's, Bola Tinubu, Esa Alexander, Bola Tinubu's, Wednesday's, Abba Yusuf, Nasiru Gawuna, Yusuf, Hamza Ibrahim, MacDonald Dzirutwe, Sandra Maler Organizations: REUTERS, Rights, Police, New Nigerian Peoples Party, Progressives Congress, Supreme, Thomson Locations: Abuja, Nigeria, Rights KANO, Kano

☆ Nigeria's Tinubu tells UN he seeks to restore democratic order in Niger
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +1 min

Nigeria's President Bola Tinubu looks on after his swearing-in ceremony in Abuja, Nigeria May 29, 2023. Tinubu is chairman of the main West African bloc ECOWAS, which has been trying to negotiate with the Niger military junta. ECOWAS has said it is ready to deploy troops to restore constitutional order if diplomatic efforts fail. It is a demand for solutions to perennial problems," Tinubu said. The junta in Niger last month ordered its armed forces to go on highest alert, citing an increased threat of attack.

Persons: Bola Tinubu, Temilade, Tinubu, Felix Onuah, MacDonald Dzirutwe, Howard Goller, Stephen Coates Organizations: REUTERS, UNITED NATIONS, West, ECOWAS, Niger, United Nations General Assembly, Thomson Locations: Abuja, Nigeria, Niger, New York, West Africa, Africa

☆ Nigeria's presidential election result challenged at Supreme Court
▼ + stars: | 2023-09-19 | by ( Camillus Eboh | ) www.reuters.com time to read: +1 min

REUTERS/Temilade Adelaja/File Photo Acquire Licensing RightsABUJA, Sept 19 (Reuters) - Nigeria's two main opposition leaders on Tuesday filed separate appeals at the Supreme Court challenging a tribunal ruling that earlier this month upheld President Bola Tinubu's victory in a disputed February election. Atiku, from the People's Democratic Party who came second in the election, said in a court filing that the tribunal erred in law "when it failed to nullify the presidential election ... on the ground of non compliance" with the electoral law. The two had up to Wednesday to challenge the Sept. 6 tribunal ruling. The Supreme Court, the highest in Nigeria, has 60 days to rule on the appeals. A five-member tribunal had rejected the challenge by Atiku, and Obi, who asked the tribunal to cancel the election, alleging irregularities.

Persons: Bola Tinubu, Temilade, Bola Tinubu's, Peter Obi, Atiku, Obi, Camillus Eboh, MacDonald Dzirutwe, William Maclean, Alexandra Hudson Organizations: Nigeria's, REUTERS, Rights, People's Democratic Party, Labour, Reuters, United Nations, Alexandra Hudson Our, Thomson Locations: Abuja, Nigeria, Rights ABUJA, New York

☆ Nigeria seeks to deepen economic ties with South Africa
▼ + stars: | 2023-09-18 | by ( Felix Onuah | ) www.reuters.com time to read: +2 min

[1/2] Nigeria's President Bola Tinubu speaks after his swearing-in ceremony in Abuja, Nigeria May 29, 2023. President Ramaphosa hailed Tinubu's "brave" economic reforms and pledged that South Africa will explore greater partnership with Nigeria. "We are two major economies on our continent, and it is important that we deepen economic ties, particularly in light of the African Continental Free Trade Agreement," Ramaphosa said . "We would love to see Nigeria and South Africa working closely together on a number of issues because whenever we join hands, we have made an impact globally through those joint positions," he said. Tinubu also urged South Africa to join Nigeria in a call for reforms of global finance institutions to help Africa combat rising poverty and economic woes.

Persons: Bola Tinubu, Temilade, Cyril Ramaphosa, Tinubu, Ramaphosa, Tinubu's, Joe Biden, Felix Onuah, Elisha Bala, Sonali Paul Organizations: Nigeria's, REUTERS, Rights, South, United Nations General Assembly, African Continental Free Trade, Finance, General Assembly, U.S, Microsoft, Meta, Exxon Mobil, Thomson Locations: Abuja, Nigeria, Rights ABUJA, New York, Africa, South Africa

☆ Nigeria's Tinubu picks banker Cardoso as next central bank governor
▼ + stars: | 2023-09-15 | by ( Felix Onuah | ) www.reuters.com time to read: +2 min

ABUJA, Sept 15 (Reuters) - President Bola Tinubu has nominated the former head of Citibank in Nigeria, Olayemi Cardoso, to serve as the country's new central bank governor, days before its next interest rate meeting, a presidential spokesperson said on Friday. The central bank did not respond to a request for comment on whether Emefiele and his deputy governors had resigned. The central bank raised rates by a smaller-than-expected 25 basis points in July, contrary to analysts' expectations, under acting Governor Folashondun Shonubi, one of Emefiele's deputies. The central bank pursued unorthodox policies under Emefiele who kept the currency artificially strong, a policy backed by former President Muhammadu Buhari, which supported government borrowings on the international markets. He was a former commissioner for economic planning and budget in Lagos state when Tinubu was governor between 1999-2007.

Persons: Bola Tinubu, Olayemi Cardoso, Godwin Emefiele, Tinubu, Cardoso, Ajuri Ngelale, Ngelale, Folashondun Shonubi, Emefiele, Muhammadu Buhari, Camillus Eboh, Chijioke Ohuocha, MacDonald Dzirutwe, Richard Chang, Jane Merriman, Hugh Lawson Organizations: Citibank, Central Bank of Nigeria, Thomson Locations: ABUJA, Nigeria, Lagos

Search resuls for: "Bola"

25 mentions found