Goodluck Jonathan News

Chukwuemeka Odumegwu Ojukwu, Leader of Biafra (1967 - 1970) and son of Nigeria's first billionaire, is perhaps Nnewi's most famous indigene.

What town has produced more billionaires than any town in Nigeria and possibly Africa? Here are 10 of its richest people

The small Nigerian town of Nnewi has more naira billionaires per capita than anywhere else in the country.

Remi Sonaiya, 2015 Presidential Candidate, KOWA Party

Is this leading lady Nigeria's next president?

Oluremi Sonaiya doesn’t mind being called a political outsider. In fact, she embraces the term.

Igho Sanomi, Founder & Chairman, Taleveras Group

How 42-year old Nigerian oilman Igho Sanomi built a commodities trading giant

Igho Sanomi, 41, is the founder of Taleveras, a $2 billion (revenues) international commodities trading company active over a wide spectrum of global energy markets including crude oil and refined petroleum products, natural gas and power.

Nigeria's President Muhammadu Buhari. Credit: Yahoo/Pius Utomi Ekpei/AFP/Getty Images

Fool Nigeria Once, Shame on You. Fool Nigeria Twice ...

It’s been a tough year for Nigerian President Muhammadu Buhari. The mood in Africa’s most populous nation is a far cry from the euphoria that greeted his historic 2015 election.

The IVM G5 by Innoson Vehicle Manufacturing (IVM)

Nigeria's automotive industry shifts into high gear

In late 2013, the administration of then-President Goodluck Jonathan made a bold bet: that it could jumpstart the country’s ailing automotive industry through a comprehensive—and controversial— industrial policy, known as the National Automotive Industry Development Plan (NAIDP).

Sanusi Lamido Sanusi (Muhammadu Sanusi II), Emir of Kano and former Governor of Nigeria's Central Bank

Nigeria's former Central Bank Governor Lamido Sanusi criticizes President Buhari's currency policy

Respected former head of Nigeria’s Central Bank Lamido Sanusi has said the government should end its policy of trying to maintain the value of the currency, the naira.

Goodluck Jonathan, former President of Nigeria; and Muhammadu Buhari, President of Nigeria

High life over for Nigeria's 'Big Men' as crackdown looms on big entourages and VIP travel

New president bans from politicians from first-class flights and employing crowds of hangers-on at public expense.

Aita Ighodaro, Director, Idaro

Dynamic Nigerian diaspora chases glittering ambitions

In her debut novel Sin Tropez, Aita Ighodaro drew on her experience as a fashion model to explore the complex consequences that await three young women lured aboard a playboy’s super yacht by the intoxicating promise of easy money and wild excess.

Kemi Adeosun, Nigeria's new finance minister, during the cabinet swearing-in ceremony in Abuja this month

Nigeria's finance minister makes non-oil revenues top priority

Nigeria’s new finance minister said raising non-oil revenues was her top priority, as the slump in oil prices continues to take its toll on Africa’s biggest crude exporter.

President Muhammadu Buhari of Nigeria

Nigerian cabinet hints at austere rule

For the best part of six months Nigerian President Muhammadu Buhari has kept everyone guessing about how he will run Africa’s most populous nation.

Kemi Adeosun, Nigeria's Minister of Finance

Nigeria's Buhari Picks Ex-Banker Adeosun as Finance Minister

Nigerian President Muhammadu Buhari appointed former investment banker Kemi Adeosun as finance minister as he swore in his cabinet on Wednesday, more than seven months after he won the election that ushered in the first democratic handover of power in Africa’s biggest economy.

Chinelo Anohu-Amazu, Director-General, Nigeria's National Pension Commission (PenCom)

Mend the gap: Fixing Nigeria's $300B infrastructure deficit: Chinelo Anohu-Amazu, Director-General, PenCom

In Nigeria, pensions and infrastructure development are not often mentioned in the same sentence, but this week as Africa’s finance and pension industry leaders gather in Nigeria for the second edition of the World Pension Summit: Africa Special, the focus will be on how the nation’s growing pool of pension funds can be mobilised to drive sustainable development.

Muhammadu Buhari, President of Nigeria

Nigeria's Senate confirms President Buhari's ministerial picks

Nigeria’s Senate approved the final list of 18 cabinet nominees submitted by President Muhammadu Buhari on Thursday, bringing to 36 the total number considered fit to be ministers.

Compelling investment markets in Africa. Credit: sc.com

Compelling investment markets in Africa - Inside Riscura's Bright Africa 2015 Report: Debbie O’Hanlon, Senior Analyst, RisCura (Infographics)

Africa is not a single investment destination with a single set of standardized risk factors and homogenous potential for reward.

Muhammadu Buhari, President of Nigeria

Will President Buhari win the "War Against Indiscipline" the second time around? By Amaka Anku, Director, Dilikam Advisors

When he began his first stint as Nigeria’s Head of State after a coup in 1983, General Muhammadu Buhari promised not to allow the “the nonsenses of litigation” interfere with his fight against corruption.

Chibuike Rotimi Amaechi (L), former Governor of Rivers State; Muhammadu Buhari (C), President of Nigeria; & Babatunde Fashola (R), former Governor of Lagos State

Nigeria's Buhari nominates Fashola, Amaechi as ministers

Nigerian President Muhammadu Buhari nominated four former state governors and the current head of the national oil company as ministers in his administration, according to a list presented to lawmakers in the capital, Abuja.

Ngozi Okonjo-Iweala, Nigeria’s former Finance Minister, joins Lazard as Senior Advisor

Nigeria's former Finance Minister Ngozi Okonjo-Iweala joins US investment bank Lazard as Senior Advisor

Ngozi Okonjo-Iweala, Nigeria‘s former Minister of Finance, has announced that she will be joining US-based investment bank Lazard as a Senior Advisor, as part of the firm’s sovereign advisory group.

Muhammadu Buhari, President of Nigeria

Putting Nigeria to the test: Will democracy stick?

If American politics are brutal, then those in Nigeria are a blood sport. Since 1963, there have been 14 Nigerian heads of state.

Mustafa Chike-Obi, CEO, Asset Management Corporation of Nigeria (AMCON)

Nigeria’s president replaces "bad bank" AMCON CEO Mustafa Chike-Obi with Ahmed Lawan Kuru

Nigeria’s President Muhammadu Buhari has replaced the CEO of the government-owned “bad bank” set up to resolve a financial crisis five years ago. This is Buhari’s second change of leadership of a key state company in a month.

Clock ticking for Nigeria's Buhari

Clock ticking for Nigeria's Buhari

Apart from three appointments – two spokesmen and a chief of protocol – there were no new hirings. It was a puzzling departure from tradition. Since 1999, every new president makes a cluster of top appointments – including national security adviser, chief of staff and military chiefs – within the first 24 hours in office.

Muhammadu Buhari, President of Nigeria

Nigeria's President Buhari announces weapons production plan

President Muhammadu Buhari said on Friday Nigeria planned to ramp up the domestic production of weapons for its armed forces, in an effort to cut the country’s dependence on imported arms.

Nigerian billionaire business man Aliko Dangote. Credit: Benedicte Kurzen/NOOR/theafricareport.com

Billionaire Aliko Dangote's smooth landing

With a new government in power, the business magnate is betting on his huge refinery and agriculture projects taking off. Meanwhile, Dangote Cement continues an expansion plan that has left others scrambling to catch up.

Nigeria's President Muhammadu Buhari

Nigeria's president to take 50% pay cut

Nigeria’s President Muhammadu Buhari will take only half of the salary paid to former head of state Goodluck Jonathan, his office announced on Friday.

Femi Otedola. Credit: AFP/Getty Images

Nigerian billionaire Femi Otedola's Forte Oil signs $83M contract with Siemens

Forte Oil, Nigeria’s largest petroleum marketing company which is majority-owned by billionaire Femi Otedola, has signed an $83 million contract with Siemens to upgrade its 414-megawatt gas-fired power plant situated in Kogi State in Nigeria’s central region.

Bryant (ABC) Orjiako, Chairman, Seplat. Credit: Oil & Gas Council

Nigeria's Buhari should sell stakes in oil and gas joint ventures, says Seplat Chairman ABC Orjiako

Nigeria’s new government should sell its stakes in joint ventures in the country’s energy industry, the chairman of Seplat Petroleum said on Monday, adding his company would be interested in buying, especially in the gas sector.

Muhammadu Buhari, President of Nigeria

Buhari advised to end fuel subsidy

Nigeria’s new president, Muhammadu Buhari, has been advised by his transition committee to end a fuel subsidy program and privatize Nigeria’s four refineries, senior sources in his party told Reuters on Sunday.

Traditional Nigerian dances have been joined by new music and attitudes

I've seen Nigeria's old power at work. I know change is coming: Ken Saro-Wiwa, Jr., Partner, Dragon Africa

When President Muhammadu Buhari was sworn in as Nigeria’s 15th head of state last month, it was, as the saying goes, the beginning of an end and the end of a beginning.

Aliko Dangote, Africa's richest man, is investing $11 billion to build a 500,000 barrel/day refinery in Nigeria, scheduled to come online by mid-2018.

Is Nigeria poised for a massive refining boom?

President Obama was not among the heads of state at the inauguration of incoming President Muhammadu Buhari on May 29, 2015. However, in his private conversations with Nigeria’s new president, he might offer Mr. Buhari some encouragement that, beyond the friendship between their nations, they share something else in common.

David McIlroy, Head of Africa Investments, Alquity

Nigeria in political sweet spot after election: David McIlroy, Alquity's Head of Africa Investments

Muhammadu Buhari faces a catalogue of challenges after winning Nigeria’s presidential race, but his victory has put the frontier market on its strongest political footing in years.

Nigeria's new president, Muhammadu Buhari. Photo: Rahima Gambo/qz.com

Muhammadu Buhari sworn in as Nigeria's President (Video)

Nigeria’s new President was sworn in Friday at a boisterous ceremony that marked the first peaceful transfer of power between rival parties in the nation.

Akinwumi Adesina, President-Elect of the African Development Bank

President Adesina and the Years Ahead for the African Development Bank

After six rounds of voting that saw off seven candidates from across the region, Nigeria’s outgoing Minister of Agriculture and Rural Development Dr. Akinwumi Adesina has been elected to serve as the next president of the African Development Bank (AfDB).

The PDP’s lack of faith in biometric registration played into the hands of the tech-savvy APC. Credit: Pius Utomi Ekpei/AFP

How the Nigerian electoral race was won

With less money than its rivals, the APC poached ruling party dissidents and used technology and social media to get its message out and monitor the vote.

Muhammadu Buhari is sworn in as Nigeria’s President in historic transfer of power.

Muhammadu Buhari is sworn in as Nigeria’s President in historic transfer of power

Muhammadu Buhari, a 72-year-old retired general, took Nigeria’s oath of office on Friday, assuming the presidency of Africa’s most populous nation. The ceremony, rich with military pomp and cultural tradition, marked a historic transfer of power on the continent.

The fuel search continues(Reuters/Afolabi Sotunde)

Nigeria's Goodluck Jonathan just did incoming Buhari a big favor with the fuel crisis

As Nigeria gradually pulls back from the brink of the ‘Petrocalypse‘, it is just the latest example of why the petroleum sector of one of the world’s biggest exporters needs urgent reform.

Nigeria’s President-elect Muhammadu Buhari

Buhari will release full audit on Nigerian National Petroleum Corporation (NNPC)

Nigerian President-elect Muhammadu Buhari’s administration will publish the full audit of the state oil company and expects it will need to repay the government more than previously recommended, his party’s policy director said.

'Jagaban' Bola Tinubu, former Governor of Lagos State

'Jagaban' Bola Tinubu: How the 'Godfather of Lagos' could shape Nigeria's government

“I am a talent hunter. I put talents in office, I help them,” says former Lagos state governor and opposition alliance leader Bola Tinubu, being quite open about his role as one of Nigeria’s most powerful political godfathers.

Mark Mobius, Executive Chairman, Templeton Emerging Markets Group

A new way forward for Nigeria: Mark Mobius, Executive Chairman, Templeton Emerging Markets Group

A couple of years ago, many investors were optimistic about Nigeria and the stock market was booming, buoyed by strong economic growth and government reforms to improve the country.

Central Bank of Nigeria sees pressure on Naira easing after vote

Central Bank of Nigeria sees pressure on Naira easing after vote

Portfolio inflows to Nigeria jumped since last month’s presidential elections, easing pressure on the currency of Africa’s biggest oil producer, according to the central bank.

Aisha Buhari, wife of Nigeria's President-Elect Muhamadu Buhari. Credit: lindaikeji.blogspot.com/George Okoro

Aisha Buhari: a new style of First Lady in Nigeria?

“Few would have believed that the taciturn, austere General Buhari had a soft, smiling and sweet woman at home,” the Vanguard daily said after the former military ruler was elected Nigeria’s next president.

Muhammadu Buhari, Nigeria's President-Elect

Nigeria's APC wins landslide over PDP in state polls (Infographic)

The party of Nigeria‘s incoming president has won a landslide in elections for powerful state governors, ending the former ruling party’s dominance. The All Progressives Congress (APC) won 19 of the 28 governor posts in results declared from Saturday’s elections.

Nigeria's President-Elect Muhammadu Buhari casting his vote for the Governorship and House of Assembly election in Daura, Katsina State, on April 11, 2015 (AFP Photo/Sunday Aghaeze)

Nigeria's incoming ruling party APC makes gains in state governorship elections

Nigeria’s All Progressives Congress on Sunday made key gains in regional elections and kept power in the economic capital Lagos, strengthening its position nationwide after a historic win in the presidential vote last month.

APC's Governorship Candidate for Taraba state and Taraba Senator Aisha Jummai Al-Hassan: Could she become Nigeria's first elected female governor?

Results expected in Nigeria's governorship elections

Results were expected to be announced from Sunday in Nigeria‘s state governorship and local assembly polls, after voting wrapped up across the country. A total of 29 governorship and deputy governorship positions from Nigeria’s 36 states are up for grabs and seats in all of the states’ legislatures.