Nigeria

After winning a court battle over the Nigerian government's attempt to cancel its oil production licences, South Korea's Korea National Oil Corporation is offering to finance billions of dollars of new...

South Korea's state-run Land and Housing Corporation is offering investments and technical cooperation in the oil-rich Niger Delta, a move that might help the ambitions of Seoul's energy companies and appeal...

Every day Nigeria's feistier newspapers remind their readers how long - more than three weeks so far - that President Umaru Musa Yar'Adua has been out of Nigeria...

Should President Umaru Musa Yar'Adua's health problems cause him to withdraw from office, a number of People's Democratic Party (PDP) notables are poised to ascend.

The conviction in a Swiss Court on 19 November of Abba Abacha, son of former military leader General Sani Abacha, for participating in a criminal organisation together with...

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...

The targets of Central Bank of Nigeria Governor Lamido Sanusi's banking purge are beginning to fight back. Four bank chief executives have been arraigned on criminal charges and...

Like a family of latter day Medicis, Nigeria's top bankers have been prospering thanks to their acute political instincts and abilities to exploit their dominance in a tightly...

The surrender of about 1,000 militants in the Niger Delta was superbly choreographed. With hundreds of guns behind him, Ebikabowei Victor Ben - better known as 'General Boyloaf...

Within days of a truce being declared between militants in the Niger Delta and the government, serious fighting broke out in Nigeria's poverty-ridden north (AC Vol 50 No...

The late Ustaz Mohammed Yusuf's Boko Haram group had about 2,000 members, some of whom had first attacked police stations in 2003. The group's rhetoric grew increasingly violent,...

The Niger Delta militants take an unorthodox approach to public relations. In the morning of 12 July they launched 'Operation Moses', detonating a bomb which devastated part of...

After two years of drift, President Umaru Musa Yar'Adua and his government seem to be trying to arrest the slide. Recent appointments have bolstered the administration's competence. The...

National Assembly politicians are investigating reports that tens of billions of dollars in revenue from the state-owned Nigerian National Petroleum Corporation's (NNPC) foreign subsidiaries, which have accrued over...

The rebel commander High Chief Government Ekpemupolo, alias Tompolo, is on the run from government forces, and the war in the Niger Delta is intensifying (AC Vol 50...

The latest government offensive in the Niger Delta is the heaviest for several years, with 3,000 troops, two warships, 14 boats and at least four helicopter gunships moving...

In the two years since it was elected, the National Assembly has approved just five bills, including two budget appropriations covering members' salaries.Yet representatives of constituencies outside the...

The political stand-off continued this week in Ekiti State after the Independent National Election Commission (INEC) announced the results of the governorship election on 5 May, which had...

Chief Anthony Anenih is Nigeria's ultimate political survivor. In March, 30 years after entering national politics, he was appointed Chairman of the Nigeria Port Authority, the government's second-biggest...

'Politics is a do or die affair,' according to a founder of the ruling People's Democratic Party and former head of state Olusegun Obasanjo. Some of his party...

Weeks after Information Minister Dora Akunyili announced a campaign to rehabilitate Nigeria’s international image, President Umaru Musa Yar’Adua’s government faces the strongest test of its corruption-fighting credentials in...

The uncertainty about the future of Central Bank Governor Charles Chukwuma Soludo reflects the drift in Nigeria’s policy over the past 18 months. Soludu, who was appointed in...

Officers from Britain’s Serious Fraud Office arrested lawyer Jeffrey Tesler, 60, at his offices in Tottenham in London on 5 March in a move that will widen the...

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...

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,...

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...

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...