Nigeria Oil Output Forecasts Drop Sharply

Nigeria’s oil output is set to decline sharply over the next decade, according to industry executives and analysts, because of uncertainty over promised reforms to the cash-strapped and debt-laden state oil company. President Muhammadu Buhari came to power a year ago partly on a vow to shake up Nigeria’s oil industry, where corruption and mismanagement have long held back production. […]

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Nigeria to Pay States’ Bondholders Despite Debt Deferral

Further states’ debt deferrals subject to restructuring plan Tumbling oil prices pushed revenue to five-year low in March Nigeria’s federal government said it will help pay states’ creditors, including bondholders, despite the finance ministry’s announcement last week that it will defer their debt obligations for the month of March as the regions struggle to pay civil servants. “Debt repayments due […]

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MTN Ex-CEO Paid $1.6 Million To Leave After Record Nigeria Fine

MTN Group Ltd. former Chief Executive Officer Sifiso Dabengwa was paid 23.7 million rand ($1.6 million) for loss of office after he resigned from Africa’s biggest wireless operator following a record $5.2 billion fine levied by Nigerian regulators. The payout took Dabengwa’s total 2015 remuneration to 40.6 million rand, Johannesburg-based MTN said in the company’s annual report published on Monday. […]

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Nigeria Army Kills Five Suspected Boko Haram Militants In Ambush

Nigeria’s army said it killed five suspected Boko Haram insurgents in an ambush in the northeastern Sambisa forest on Sunday. “The troops sprang a surprise ambush on the group of escaping terrorists from Sambisa forest crossing towards Alagarno mounted on motorcycles and bicycles,” army spokesman Colonel Sani Usman said in an e-mailed statement. While Nigeria says it’s making progress in […]

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Nigeria MP Mrakpor “Slapped By Prison Boss Aide”

Nigerian MP Onyemaechi MrakporImage copyrightFacebook Onyemaechi Mrakpor is a member of the House of Representatives from southern Delta state The head of Nigeria’s prisons service has been summoned to appear before parliament after his security guards allegedly slapped a female MP. Onyemaechi Mrakpor, 49, and a member of the lower house, told the BBC she was attacked for overtaking the […]

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Ibrahimovic Snubs Sweden’s Olympic Team, Won’t Face Nigeria

Sweden superstar Zlatan Ibrahimovic has rejected overtures made by the Olympic team coach Hakan Ericson to include him in the squad for the 2016 Rio Olympics, Completsportsnigeria.com reports. Sweden are in the same group as Nigeria. Japan and Colombia are the other teams in the group. According to Swedish tabloid Aftonbladet, the 34-year-old forward who will lead Sweden to the […]

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Amnesty Urges Nigeria to ‘Come Clean’ Over Shiite Killings

Satellite images and witness accounts offer damning new evidence that Nigeria’s military killed hundreds of minority Shiite Muslims late last year, Amnesty International said in a report Friday. The rights group urged Nigeria to “come clean” over the Dec. 12-14 massacre in the northern town of Zaria, which is currently the subject of a government inquiry. The confrontation began when […]

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