Buhari Targets Crime: Nigeria Police To Recruit 10,000 New Officers Amid Critical Crime Problem

Nigerian police officers stand in line as part of the country’s independence anniversary celebrations in Lagos, Oct. 1, 2015. Nigerian police launched a nationwide recruitment drive Friday to enlist 10,000 officers into service, according to local media reports. The mass recruitment is part of Nigerian President Muhammadu Buhari’s efforts to curb crime and address a major shortfall in the police […]

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Forte Oil Of Nigeria To Raise $500 Million To Fund Expansion

Forte Oil, West Africa’s largest petroleum marketing company which is controlled by Nigerian billionaire Femi Otedola, plans to raise up more than $500 million to expand its business across Nigeria.   Akinleye Olagbende, the company’s Chief compliance officer, said in a statement issued to journalists on Thursday that the oil marketing giant may raise funds through a rights issue, bond […]

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Buhari Will Go Over Budget “Ministry By Ministry” Before Signing

Nigerian President Muhammadu Buhari, left, meets with U.S. Secretary of State John Kerry at a nuclear summit in Washington, D.C., March 31. Buhari has asked for U.S. assistance in reclaiming billions of dollars of Nigerian public funds lost to corruption.   Nigerian President Muhammadu Buhari says he needs to conduct a close review of the country’s budget before approving it. […]

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Nigeria Launches Restructuring Of Oil Sector

Far-reaching and long-awaited plans aimed at reforming Nigeria’s oil industry are gathering pace, though they have met with resistance from some stakeholders.   Nigeria’s flagship hydrocarbons industry – which produces an average of 1.95m barrels per day as of January, accounting for two-thirds of government revenue and 90% of export earnings – has been targeted for reform for several years, […]

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Nigerian Senate Summons Minister To Explain Fuel Shortages

Nigeria’s petroleum minister Emmanuel Ibe Kachikwu, pictured addressing the media in the capital Abuja, December 14, 2015, has been asked by the Senate to explain ongoing fuel shortages in the country.     Nigeria’s petroleum minister is appearing before the Senate to explain how he intends to solve a fuel shortage that has Nigerians standing in long queues outside gas […]

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Nigeria Apologizes For Fuel Woes As Frustration Mounts

Fuel lines stretched for more than a kilometer (half-mile) on Friday in Nigeria’s capital because of a fuel shortage in sub-Saharan Africa’s top oil-producing country.   Drivers in Abuja groaned and shouted in frustration when one station closed because it was apparently out of fuel.   Smaller lines formed outside private gas stations charging higher than the government rate, and […]

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