Nigeria

General Sani Abacha is reckoned to have stolen over US$3 billion of Nigeria's public assets, of which at least $1 bn. and 900 million Deutsche Marks were deposited...

With national elections due by early 2011. The financial stakes are huge - control of some US$100 billion of annual oil and gas revenue. The last elections in...

No politician in Nigeria evokes reactions as intense and sharply divided as General Muhammadu Buhari. Many people think him incorruptible and a disciplinarian and accuse him of religious...

On 24 November, the Mega Summit Movement (MSM) disclosed plans to launch a Mega Party in 2010. Its three component groups had hitherto looked more like siblings squabbling...

The Petroleum Industry Bill (PIB), which President Umaru Musa Yar’Adua’s supporters are trying to steer through the National Assembly, is meeting massive opposition from the major oil companies,...

The differences seem to be narrowing between the presidency and the critical stakeholders: indigenous and international oil companies, the Nigerian National Petroleum Corporation (NNPC) and the Federal Inland...

China has expressed interest in buying 49% stakes in 23 soon-to-expire oil block licences. The London Financial Times reported in September that the China National Offshore Oil Corporation...

With an eye on the 2011 elections and with oil production now well under half of the installed capacity of 2.5 million barrels per day, President Umaru Musa...

The introduction by the Central Bank of Nigeria of polymer banknotes on 1 October has been blighted by accusations that millions of pounds in illegal commissions have been...

After six weeks of billion dollar bail-outs, high-level sackings and the arraigning in court of five top executives, Nigeria’s financial sector is still robust enough to prompt paeans...