Nigeria

In mid-August, Nigeria's Federal High Court overturned President Umaru Yar'Adua's revoking, in January, of Seoul-based Korea National Oil Company's rights to 60% of Oil Prospecting Licences 321 and 323 in a...

Almost all Nigeria's countertrade deals with Asia have been abandoned after investigations by President Umaru Musa Yar'Adua's officials into their viability.

South Korea: Nigeria is South Korea's third largest trading partner and the largest market in Africa for Korean construction companies. In January 2006, Korean companies were working on 60 projects valued...

The Korean National Oil Company may take legal action in response to Nigeria's revoking last month of two lucrative concessions awarded to the company in 2005. KNOC won operating rights to...

Global financial chaos and falling demand for oil and minerals are prompting recalculations on all sides. The IMF and World Bank have revised down their gross domestic product forecasts...

Worsening international economic conditions, tighter credit lines and Nigeria’s weak industrial policy have led to a sharp cutback in the US$3.3 billion cement manufacturing deal between China’s Sinoma...

The catastrophic failure in November of Nigeria’s US$340 million, Chinese-built satellite NIGCOMSAT-1, launched only a year ago, is the latest, most visible indication of increasing difficulties...

The Governor of the Central Bank of Nigeria says there is no need to panic, the country is adequately insulated from the global slowdown and will not suffer...

Calculated and recalculated according to the wild swings of the global oil market, the 2009 budget is almost up there with the election tribunal and the cabinet reshuffle...

Three groups of ambitious politicians stalk Abuja's corridors of power, hoping for events to unfold in their favour. There are the men who would be king: former Vice-President...