Nigeria

The first half of December saw the town of Jos burn, as gangs of youths took to the streets for targeted killing, criminal bloodletting and wanton destruction. By the time the auth...

Oil Minister Rilwanu Lukman and Finance Minister Mansur Mukhtar are leading Nigeria's management of its worse economic crisis for two decades. The steep fall in world oil prices, f...

Oil Minister Rilwanu Lukman is preparing to present a 175-page bill to the National Assembly on the restructuring and management of the oil and gas sector. The contents will reflec...

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 Prospecti...

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 wor...

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...

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 for...

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 b...

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 increas...