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<p>The 43 Nigerian Ministers under President Muhammadu Buhari’s second administration have all been assigned their portfolios. For an analysis of the list and examining portfolios versus credentials of Nigeria&#8217;s new ministers –  Onyekachi Adekoya, Managing Director of PR24 Nigeria and Johnson Chukwu, CEO of Cowry Asset Management join CNBC Africa for more.</p>


The Nigerian cabinet administration saga continues: An analysis of portfolios so far

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<p>Work begins for Nigeria’s new cabinet after their much-anticipated inauguration on Wednesday. To discuss the task ahead for President Buhari&#8217;s new posse, Eze Onyekpere, Lead Director of the Centre for Social Justice (CSJ) joins CNBC Africa for more.</p>


Mixed reactions and high expectations from Nigerian government after cabinet reshuffle

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<p>Nigeria’s President Muhammadu Buhari is currently inaugurating the ministers-designate and will assign their respective portfolios today. Meanwhile Nigeria&#8217;s ruling party, the All Progressive Party (APP) and main opposition, Peoples Democratic Party (PDP) will adopt the final address at the Presidential election tribunal today. To discuss these developing stories are Tilewa Adebajo, CEO of CFG Advisory and from Abuja, Kyari Bukar, former Chairman of Nigerian Economic Summit Group (NESG) both join CNBC Africa for more.</p>


Nigeria inaugurates ministers-designate: What developments will these appointments bring?


<p>LAGOS, Aug 16 (Reuters) &#8211; A judge in London said on Friday he
would grant a firm called Process and Industrial Developments Ltd (P&amp;ID)
the right to seek to seize some $9 billion in assets from the Nigerian
government over an aborted gas project.</p>



<p>The
company was awarded $6.6 billion in an arbitration decision over a failed
project to build a gas processing plant in the southern Nigerian city of
Calabar. With interest payments, the sum now tops $9 billion &#8211; some 20% of
Nigeria’s foreign reserves</p>



<p>The
judge’s decision, issued on Friday, converts the arbitration award to a legal
judgement, which would allow P&amp;ID to try to seize international assets.</p>



<p>Lawyers
representing the Nigerian government argued the award should not be enforced
because England was not the correct place for the case, and even if it were,
the amount awarded was “manifestly excessive.”</p>



<p>Mr
Justice Butcher of the Commercial Court rejected these arguments and said he
would “receive submissions from the parties as to the precise form of order
appropriate.”</p>



<p>A
spokesman for Nigeria’s President Muhammadu Buhari directed requests for
comment to the Ministry of Justice, which did not immediately respond. A
spokeswoman for the law firm representing the Nigerian government in London did
not immediately provide a comment on the ruling.</p>



<p>“P&amp;ID
is committed to vigorously enforcing its rights, and we intend to begin the
process of seizing Nigerian assets in order to satisfy this award as soon as
possible,” said Andrew Stafford, Q.C. of Kobre &amp; Kim, which represents
P&amp;ID.</p>



<p>The
case involves a 2010 deal in which the Nigerian government agreed to supply gas
to a processing plant in Calabar that P&amp;ID – a firm founded by two Irish
businessmen specifically for the project &#8211; would build and run.</p>



<p>In
2012, P&amp;ID took the government to arbitration over the failure of the deal
and won the award, which was based on what it could have earned during the
20-year agreement.</p>



<p>Stafford
said that with accrued interest, the award now tops $9.6 billion.</p>



<p>Legal experts told Reuters previously that assets used for diplomatic purposes – such as the Nigerian High Commission building in central London – are not eligible for seizure, but commercial assets are. </p>



<p>(Reporting by Libby George, additional reporting by Felix Onuah and Camillus Eboh in Abuja; Editing by Mark Potter)</p>


UK judge will allow firm to try to seize $9 billion in Nigerian assets in gas dispute, what you need to know

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<p>Nigeria’s President Muhammadu Buhari has told the Central Bank to stop providing funding for food imports, a move that has raised questions about the bank’s independence. Bismarck Rewane, CEO of Financial Derivatives and Emmanuel Ijewere, Chairman of Best Food Farms (BFF) both join CNBC Africa for more.</p>


Buhari tells CBN to stop providing FX for food imports, how will this impact Nigeria’s food security?

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<p>The Director-General of the Nigerian Office for Trade Negotiations (NOTN), Chiedu Osakwe, says President Muhammadu Buhari has approved the move to expeditiously ratify the African Continental Free Trade Agreement (AfCFTA) which may be done in a couple of weeks. To discuss plans in place towards achieving this, he joins CNBC Africa’s Esther Awoniyi for more.</p>


Chiedu Osakwe: Nigeria to ratify AfCFTA in a couple of weeks

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<p>The list of Ministerial Nominees presented by Nigeria’s President Muhammadu Buhari has been welcomed with mixed reactions. Eze Onyekpere, Lead Director at the Centre for Social Justice joins CNBC Africa for more.</p>


Mixed reaction to Buhari’s ministerial list


<p>WASHINGTON (Reuters) &#8211; The U.S. State Department said on Tuesday it had imposed visa restrictions on Nigerians it said were involved in trying to undermine democracy in presidential and parliamentary elections this year.</p>



<p>The department did not name the individuals or say how many were affected by the visa restrictions. President Muhammadu Buhari won a second term in February in an election marred by delays, logistical glitches and violence.</p>



<p>“These individuals have operated with impunity at the expense of the Nigerian people and undermined democratic principles and human rights,” spokeswoman Morgan Ortagus said in a statement.</p>



<p>“The Department of State emphasizes that the actions announced today are specific to certain individuals and not directed at the Nigerian people or the newly elected government,” Ortagus added.</p>



<p>Reporting by Lesley Wroughton, Editing by Rosalba O&#8217;Brien</p>


U.S. imposes visa restrictions on Nigerians involved in this…


<p>ABUJA (Reuters) &#8211; Nigeria and German company Siemens have agreed a roadmap to increase Nigeria’s “reliable” power supply to 11,000 megawatts by 2023, President Muhammadu Buhari said on Monday.</p>



<p>The president of the West African country said that at present, “only an average of 4,000 megawatts reliably reaches consumers”. He said Nigeria would work with Siemens to achieve “7,000 megawatts of reliable power supply by 2021 and 11,000 megawatts by 2023”.</p>



<p>Reporting by Felix Onuah; writing by Alexis Akwagyiram; editing by Jason Neely</p>


What you need to  know about Nigeria’s roadmap agreement with Siemens to increase power

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<p>Some auto-industry experts have welcomed President Muhammadu Buhari&#8217;s rejection of the Auto Policy Bill, as they believe, the bill was not in the best interest of the country.  Bambo Adebowale, Chairman Auto &#038; Allied Sector at the Lagos Chambers of Commerce and Industry joins CNBC Africa for more.</p>


Auto Policy Bill rejected: What next for Nigeria?

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<p>Nigeria&#8217;s National Bureau of Statistics (NNBS) is expected to release the country&#8217;s June Inflation figures later today. Meanwhile, Nigeria&#8217;s President Muhammadu Buhari says he is under pressure to release his cabinet list. Tilewa Adebajo the CEO of CFG Advisory joins CNBC Africa for more.</p>


Markets await Nigeria’s June inflation figures

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<p>President of the Senate of Nigeria, Ahmed Lawan says President Muhammadu Buhari could name his cabinet nominees as soon as this week. Chamberlain Peterside, CEO of Xcellon Capital Advisors joins CNBC Africa for more.</p>


Nigeria’s new cabinet: Who should make the cut?

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<p>In what Nigeria&#8217;s presidency describes as a special interview, Nigeria’s President Muhammadu Buhari on Monday answered some questions regarding his first term in office and his plans for the future. Zeal Akaraiwe, CEO of Graeme Blaque Group joins CNBC Africa to discuss some points raised by President Buhari.</p>


Key takeaways from President Buhari’s special interview

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<p>Ahead of his inauguration for the second term of office, Nigerian President Muhammadu Buhari has signed the 2019 Appropriation bill and is set to meet the northern governors over the prevailing insecurity in the region. Sam Chidoka, Managing Director and CEO of Kairos Capital joins CNBC Africa to discuss this story and other headlines making the rounds.</p>


President Buhari signs 2019 budget

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<p>Nigerian President Muhammadu Buhari says the U.N. Secretary-General Antonio Guterres has agreed to help raise $50 billion for a project to help revive Lake Chad. Desmond Majekodunmi, Environmentalist and Founder of Lufasi Urban Forest Park joins CNBC Africa discuss this and climate change effect on West Africa.</p>


The impact of climate change effect on West Africa

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<p>Nigeria’s President Muhammadu Buhari asked ministers and heads of agencies to turn in their handover notes by Wednesday next week. He also asked them to submit a comprehensive status report on the policies, programmes and projects from their respective ministries, departments and agencies. Sam Chidoka, MD and CEO of Kairos Capital joins CNBC Africa to discuss this development.</p>


Buhari gives ministers deadline to submit handover notes

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<p>President Muhammadu Buhari has set up an audit committee to review the policies, programmes and projects of the Federal Government under his administration. Femi Oladehin, Partner, Investment Banking at Argentil Capital Partners joins CNBC Africa to discuss this development.</p>


Muhammadu Buhari

The Nigerian cabinet administration saga continues: An analysis of portfolios so far

Mixed reactions and high expectations from Nigerian government after cabinet reshuffle

Nigeria inaugurates ministers-designate: What developments will these appointments bring?

UK judge will allow firm to try to seize $9 billion in Nigerian assets in gas dispute, what you need to know

Buhari tells CBN to stop providing FX for food imports, how will this impact Nigeria’s food security?

Chiedu Osakwe: Nigeria to ratify AfCFTA in a couple of weeks

Mixed reaction to Buhari’s ministerial list

U.S. imposes visa restrictions on Nigerians involved in this…

What you need to know about Nigeria’s roadmap agreement with Siemens to increase power

Auto Policy Bill rejected: What next for Nigeria?

Markets await Nigeria’s June inflation figures

Nigeria’s new cabinet: Who should make the cut?

Key takeaways from President Buhari’s special interview

President Buhari signs 2019 budget

The impact of climate change effect on West Africa

Buhari gives ministers deadline to submit handover notes

Expectations from President Buhari’s audit committee

News Tips

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Muhammadu Buhari

The Nigerian cabinet administration saga continues: An analysis of portfolios so far

Mixed reactions and high expectations from Nigerian government after cabinet reshuffle

Nigeria inaugurates ministers-designate: What developments will these appointments bring?

UK judge will allow firm to try to seize $9 billion in Nigerian assets in gas dispute, what you need to know

Buhari tells CBN to stop providing FX for food imports, how will this impact Nigeria’s food security?

Chiedu Osakwe: Nigeria to ratify AfCFTA in a couple of weeks

Mixed reaction to Buhari’s ministerial list

U.S. imposes visa restrictions on Nigerians involved in this…

What you need to know about Nigeria’s roadmap agreement with Siemens to increase power

Auto Policy Bill rejected: What next for Nigeria?

Markets await Nigeria’s June inflation figures

Nigeria’s new cabinet: Who should make the cut?

Key takeaways from President Buhari’s special interview

President Buhari signs 2019 budget

The impact of climate change effect on West Africa

Buhari gives ministers deadline to submit handover notes

Expectations from President Buhari’s audit committee

News Tips

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