Reuters breaks news Nigeran cabinet dissolved

Reuters was 24 minutes ahead of its closest international competitor, Dow Jones, and 43 minutes ahead of Bloomberg on March 17 with the news that Nigeria’s acting president had dissolved the cabinet in an attempt to break a legislatory logjam. The first reports of the move by Goodluck Jonathan came on a local Nigerian TV channel. Reuters swiftly confirmed the report with its own reliable sources inside government and flashed the news worldwide. The political situation in Africa’s most populous nation is market-sensitive - paralysis in the presidency, with President Yar’Adua sidelined by illness, could destabilise a ceasefure in the oil producing Niger delta and stymie reform, including in the banking sector reform.