The African country plans to license more than a dozen oil exploration areas and attract major international oil companies.
Nigerian police have banned protests in support of the more than 200 girls that were abducted by Boko Haram in April.
Gunmen opened fire on a church service in a remote village in northeastern Nigeria, killing nine people as worshippers fled into the bush, police and a witness said on Monday.
Boko Haram suspected in fatal bombing in northeast Nigeria as fans watched a soccer match.
Four of the 12 stadiums Brazil needs for the 2014 World Cup are still unfinished with first match just two weeks away.
Earlier this week, the Nigerian government reportedly called off a deal to swap the kidnapped schoolgirls for the militants in custody.
President Obama addressed the U.S. Military Academy's class of 2014 Wednesday.
Boko Haram militants attacked a military base and adjacent police barracks, killing 54 people.
"We don't have independent information from the United States to support these reports you referenced."
The attack occurred not far from where the Islamist insurgents shot or burned to death 59 pupils at a boarding school in February.
After months of searching for the kidnapped girls, Nigerian officials withdrew from negotiations with Boko Haram at the last minute.
The venue was "not far" from the site of two Boko Haram car bombs that killed 130 people on Tuesday.
The source said around 10 more people had been wounded in Wednesday's attack on Chukku Nguddoa.
Officials from the Obama administration told a panel last week that Boko Haram had become a top US national security priority.
15-year-old Deborah Peter spoke during Wednesday's House Foreign Affairs Committee meeting.
US military personnel will support intelligence, surveillance, and reconnaissance efforts over northern Nigeria and the surrounding area.
Despite Boko Haram, foreign direct investment is still driving economic growth in Nigeria -- now the continent’s biggest economy.
The village of Alagarno is close to Chibok where over 200 schoolgirls were abducted by Boko Haram militants last month.
While no group has claimed responsibility, the region is known to be a hotbed for clashes between Christian and Muslim groups.
The sanctions would include an international asset freeze, travel ban and arms embargo.
The oil giant follows competitors Chevron and Exxon in acknowledging climate change risk to its business.
Two attacks were reported on Friday night, leaving a village torched and at least 41 people dead.