Vol 50 No 3 | NIGERIA Why Jos burned 6th February 2009 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...
Vol 50 No 2 | NIGERIA A gathering storm 23rd January 2009 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...
Vol 50 No 2 | NIGERIA New rules for the oil business 23rd January 2009 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...
Vol 2 (AAC) No 10 | NIGERIASOUTH KOREABRIEFING KNOC, KNOC, who is there? 27th August 2009 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...
Vol 2 (AAC) No 6 | NIGERIACHINAINDIASOUTH KOREA From win-win to lose-lose 16th April 2009 Asia's barter deals for Nigerian oil were politically charged and have been economically disastrous Almost all Nigeria's countertrade deals with Asia have been abandoned after investigations by President Umaru Musa Yar'Adua's officials into their viability.
Vol 2 (AAC) No 6 | NIGERIACHINAINDIASOUTH KOREA Abuja's Asian connections 16th April 2009 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...
Vol 2 (AAC) No 4 | NIGERIAINDIASOUTH KOREA What's yours is mine and... 20th February 2009 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...
Vol 2 (AAC) No 4 | NIGERIACHINA Contract shuffles 20th February 2009 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...
Vol 2 (AAC) No 2 | NIGERIACHINA Crumbling cement 18th December 2008 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...
Vol 2 (AAC) No 1 | NIGERIACHINA The honeymoon is over 27th November 2008 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...
