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Nigeria News Journal
Nigeria's AMCON to retire 2 trln naira of bonds in 2013 and 2014
LAGOS (Reuters) - Nigeria's state-owned AMCON plans to retire 2 trillion naira worth of its 5.7 trillion naira of bonds this year and next from bad loan recoveries and refinance what's left with the central bank, the "bad bank" said on Monday. Asset Management Company of Nigeria (AMCON) said it had made "great progress" on recovering bad loans and that after the refinancing, the central bank ...
Nigeria says switching to foreign debt to lower costs
By Chijioke Ohuocha LAGOS (Reuters) - Nigeria will increase the amount it borrows overseas to around 40 percent of all debt over the next three to five years, from 12 percent currently, to lower its cost of funds, the head of the debt office said on Monday. DMO Director General, Abraham Nwankwo, said he expected Nigeria's debt to GDP ratio to fall to 17 percent over the same period from 21 ...
Nigeria: The State of Emergency and the Rights of Citizens
[Premium Times]Nigeria's President, Goodluck Jonathan, on the 14th May 2013 declared a state of emergency in Borno, Yobe and Adamawa States. He was responding to the incessant terrorist attacks and other security challenges that have recently plagued Nigeria, The declaration is in accordance with the provisions of section 305(3 (c) (d) (f) Constitution of the Federal Republic of Nigeria 1999 as ...
Nigeria’s Poverty Should Be Lower Given Growth, IMF Says
Nigeria’s poverty rate should be falling faster given its economic growth this decade, an official of the International Monetary Fund said.
Nigeria offers amnesty to insurgents who surrender
By Joe Brock MAIDUGURI, Nigeria (Reuters) - Nigeria offered an amnesty on Sunday to Islamist militants who surrender and said 17 people had been killed on the fifth day of a military operation to try to crush the Boko Haram insurgency in the northeast. In their biggest offensive since the insurgency began in 2009, Nigerian forces are trying to chase well-armed militants out of territory they ...
Nigeria offensive on Islamists escalates in key city
MAIDUGURI, Nigeria (AFP) - A key city in northeast Nigeria was on lockdown Sunday as the military enforced a 24-hour curfew and blocked supply routes in its sweeping campaign against Islamist insurgents.
Nigeria military: 17 killed during offensive
ABUJA, Nigeria (AP) — Nigeria's military says its offensive against insurgents in the country's restive northeast has killed at least 14 suspected Islamic extremists and three soldiers.
Nigeria offers amnesty to insurgents who surrender
By Joe Brock MAIDUGURI, Nigeria (Reuters) - Nigeria offered an amnesty on Sunday to Islamist militants who surrender and said 17 people had been killed on the fifth day of a military operation to try to crush the Boko Haram insurgency in the country's northeast. In their biggest offensive since the insurgency began in 2009, Nigerian forces are trying to chase well-armed militants out of ...
Nigeria says 10 rebels killed in northeast, 65 arrested
By Tim Cocks LAGOS (Reuters) - Nigeria's military said on Saturday it had killed 10 insurgents and arrested 65 more as part of an offensive meant to wrest back control of parts of its remote northeast from an Islamist group seen as the main security threat to Africa's top oil producer. President Goodluck Jonathan, a Christian southerner, had been accused of not taking seriously enough the ...
Nigeria army says crackdown to go on
Nigeria's army vows to continue its offensive against militants in the north-east "as long as it takes", as a 24-hour curfew is imposed in Maiduguri.
Nigeria imposes curfew in campaign against Islamists
Nigeria's military on Saturday imposed a 24-hour curfew in parts of a northeastern city as soldiers pressed on with a campaign against Boko Haram Islamists that has sent people fleeing from their homes.
Nigeria says 10 rebels killed in northeast, 65 arrested
By Tim Cocks LAGOS (Reuters) - Nigeria's military said on Saturday it had killed 10 insurgents and arrested 65 more as part of an offensive meant to wrest back control of parts of its remote northeast from an Islamist group seen as the main security threat to Africa's top oil producer. President Goodluck Jonathan, a Christian southerner, had been accused of not taking seriously enough the ...
Nigeria army imposes curfew on city
Nigeria's military announces a 24-hour curfew in parts of the city of Maiduguri and says it has arrested 65 militants as it fights Boko Haram rebels.
Nigeria imposes curfew in campaign against Islamists
Nigeria's military on Saturday imposed a 24-hour curfew in parts of a northeastern city as it pressed on with a campaign against Boko Haram Islamists that has sent residents fleeing the region.
Nigeria military declares 24-hour curfew in city
MAIDUGURI, Nigeria (AP) — Nigeria's military declared a 24-hour curfew Saturday on neighborhoods in a northeastern city that's the spiritual home of an Islamic extremist network as soldiers continued the government's emergency campaign against insurgents in the region.