A Week in Nigeria: 22 September

This week the Reuters bureau in Nigeria covered the latest twist in the MTN saga, reported on the army’s fight against Islamist insurgents, sat down with Coca-Cola’s regional president and wrote about the end of a planned national airline just two months after it was announced. Here’s a rundown of some of our stories.

  • The week began with Nigeria accusing HSBC of laundering money for one of the country’s former rulers, military dictator Sani Abacha. The accusation was part of a response to a research note by the global bank that suggested a second term for President Buhari risked prolonging economic stagnation.
  • The HSBC research note, dated July 18, said a second Buhari term “raises the risk of limited economic progress and further fiscal deterioration, prolonging the stagnation of his first term, particularly if there is no move towards completing reform of the exchange rate system or fiscal adjustments that diversify government revenues away from oil”. Some on social media expressed surprise at the response to the note.

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Nigeria bureau chief for Reuters. Ghanaian family, British accent. Ex-BBC, before that newspapers.

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