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The top executive at a state-owned energy company in Nigeria said the European market is a good one for its abundant natural gas reserves. Members of the European Union are looking for new sources of natural gas in an effort to add diversity to an
Nigeria Experts say Nigeria's new central bank governor will keep a low public profile as he takes over the country's Central Bank following the end of the suspended governor's term. President Goodluck Jonathan had suspended Lamido Sanusi in
Nigeria (AP) The man in the large SUV forces his way to the front of the line at the gas station, ignoring the blaring horns and threats of fisticuffs from drivers who have slept in their cars and waited for more than 12 hours for the scarce fuel.
Nigeria's currency is at risk of being devalued after President Goodluck Jonathan suspended the central bank governor last week, eroding confidence in monetary policy and sending the naira to a record low. The naira, which rose for the first time in
Nigeria (AP) Nigeria's Senate is ordering a forensic audit to track down billions of missing petrodollars. The Central Bank last year reported nearly $50 billion worth of oil sold by the state oil corporation had not been paid to the government. In
Nearly 3,000 people have died and thousands wounded in at least 30 pipeline accidents in Nigeria in the last 15 years, says a petroleum industry official. Bafred Enjugu, acting managing director of a subsidiary of the Nigerian National Petroleum Corp.
Nigeria (AP) Rebels are claiming responsibility for a fire at Nigeria's Warri oil refinery that officials call a minor incident.'' Spokeswoman Tumini Green of the Nigerian National Petroleum Corp. said Tuesday morning's fire caused no injuries and
Nigerian energy group Oando PLC said it would take a stake in a liquified natural gas project in the Niger Delta from ConocoPhillips for nearly $105 million. Oando said in a statement published Tuesday it would take on Conoco's 17 percent stake in
Potential presidential contender Kalu touts a free-market approach The media's attention in Nigeria is focused on its attempt to subdue Boko Haram , an Islamic jihadist militant terrorist organization that operates in that country's Muslim provinces
Nigeria should revoke oil rights for which Royal Dutch Shell Plc and Eni SpA paid $1.1 billion, a parliamentary committee said, alleging that the acquisition process was "highly flawed." Shell and Eni jointly bought Oil Prospecting License 245 from