NIGERIA

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Nigeria oil subsidy fraud

Nigerian Fuel Subsidy Fund 'Defrauded' Of $6 Billion

The fuel sector probe -- which will be discussed in a live televised parliamentary session -- uncovered a litany of abuses, including allegations that fifteen oil importers collected more than $300 million without delivering a single drop of oil.
Iran Oil

Iran Stops Oil Exports To Spain: Report

Iran has stopped oil exports to Spain in retaliation to the European Union ban on Iranian crude imports that comes into force in July, the Mehr News Agency has reported, citing sources familiar with the situation.
Iranian President Mahmoud Ahmadinejad

Iran Dismisses Sanctions Ahead Of Nuclear Talks

The United States is hoping that new sanctions targeting Iran's central bank and its oil industry will pressure the Islamic Republic to stop enriching uranium, but Iran is defiant, claiming that it can withstand any oil embargo for two or three years.
Nigeria Boko Haram

Nigeria: Boko Haram's Violence Moves South

Nigerian rebel group Boko Haram has established bomb-making factories in the southern state of Kogi, a sign that the group is spreading around the country and could be gaining strength.
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U.S. steps up its push to keep top World Bank role

The United States stepped up lobbying on Thursday for its pick to retain the top job at the World Bank as emerging markets pushed their view that the time has come for rich nations to share leadership of key institutions.
8. General Electric Co. (GE)

GE Signs Power Deal With Nigeria

General Electric Co. (NYSE: GE) and Nigeria signed an agreement for the U.S. company to build power plants as Africa's most populous nation continues to privatize and expand its power generation capacity, Reuters said Monday.

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