Nigeria

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...

After months of speculation, President Umaru Musa Yar'Adua has sacked half his cabinet but retained several of his old associates and surprisingly kept on a few of the...

Watching oil prices fall from US$147 a barrel to $57 over the past month and listening to endless media speculation about his health must have been disconcerting for...

Nigerian visitors to London’s Heathrow Airport are pleasantly surprised to see billboards publicising one or another of their country’s biggest banks. Many of the taxis operating out of...