Nigeria’s government recognizes and welcomes a cease-fire announced by the Islamist militant group Boko Haram and is considering how to respond to it, Vice President Namadi Sambo said today.
Nigerian President Goodluck Jonathan has chosen Namadi Sambo, the governor of Kaduna state, as his deputy, ThisDay reported, without citing anyone.
Nigeria and South Africa pledged to strengthen diplomatic ties and boost trade in oil and other products after patching up a diplomatic row over deportations.
Nigeria’s privatization of state- owned companies faced uncertainty after the head of the Bureau of Public Enterprises was fired with key sales yet to be concluded, analysts from Financial Derivatives Co. and Standard Bank Group Ltd. said.
Nigeria approved bids from companies including Siemens AG and Korea Electric Power Corp. for 10 state-owned power distribution companies, marking the end of a five-year privatization process.
International Business Machines Corp. , Samsung Electronics Co. and Microsoft Corp. led the winners of U.S. patents in 2010, when grants of a main safeguard of intellectual property jumped 31 percent.
Nigeria plans to sell 200 billion naira ($1.33 billion) worth of bonds to help revive the country’s automobile industry, BusinessDay reported, citing Vice President Namadi Sambo.
Former Nigerian leader Olusegun Obasanjo said President Goodluck Jonathan’s government is seeking dialogue with the militant Islamist group, Boko Haram.
Namadi Sambo was sworn in as Nigeria’s vice president following the approval of his nomination by parliament yesterday.
Nigeria’s economic council approved the creation of a sovereign wealth fund that will invest savings during periods of high oil revenue, Finance Minister Olusegun Aganga said.
"We welcome the cease-fire offer announced recently by the Boko Haram group and we will do everything as a government to see that we achieve a lasting peace in Nigeria."
- Namadi Sambo on Feb 02, 2013