For the first time in 48 years, the United States is no longer Nigeria’s biggest trading partner, being overtaken in the first quarter of 2012 by India. The jump was largely due to India becoming more interested in increasing its import of crude oil from the Nigerian National Petroleum Corporation. Since 1964, the U.S. has [...]
$6 Billion Lost Yearly To Crude Oil Theft In Nigeria, While Fiscal Crisis Looms
May 15, 2012 | Posted by
Lagos — Nigeria is on the verge of a major fiscal crisis following unabated massive theft of crude oil in the Niger Delta, THISDAY has learnt. While all attention has been focused on the activities of Boko Haram in Northern Nigeria, an unprecedented theft of crude oil is being perpetrated in the Niger Delta on [...]
