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Nigeria

Nigeria

Population: 227.71m
GDP: $252.74bn
Debt: 46.6% of GDP (2024)

news from Nigeria

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Found 776 articles.

Displaying 501-510 out of 776 results.

Why Jos burned

A vicious mix of ethnic and religious politics set the Middle Belt capital alight and has now caused a row with the presidency

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...


A gathering storm

Plummeting oil prices, rising inflation and a chaotic foreign exchange market challenge the new economic team

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...


New rules for the oil business

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...


Abuja's Asian connections

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...


What's yours is mine and...

India's gain may prove to be South Korea's loss as local political shifts hit Nigeria's oil business

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...


Contract shuffles

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...


Crumbling cement

China's biggest deal yet with a commercial African manufacturer is scaled back

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 honeymoon is over

The once thriving Abuja-Beijing relationship has hit problems

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...


Displaying 501-510 out of 776 results.