Nigerian President Goodluck Jonathan’s concession of defeat in presidential elections has mitigated the risk of an armed uprising in the main oil-producing region by militants who were intent on keeping him in power.
Barclays Plc energy analyst Miswin Mahesh sees a “huge risk” of oil production in Nigeria being disrupted by political instability arising from elections scheduled for March 28.
As Nigerians prepare for presidential elections, the armed group Boko Haram, corruption and falling oil prices are some of the issues worrying Africa's most populous nation.
Goodluck Jonathan, the Nigerian president, has received a long awaited audit into billions of dollars of allegedly “missing” oil revenues just 11 days before a closely fought presidential election.
Nigerian President Goodluck Jonathan said on Monday petrol prices would be reduced to 97 naira ($0.60) a litre and labour unions agreed to suspend mass protests to allow further negotiations with the government.
Nigerian President Goodluck Jonathan and labor unions failed to reach a compromise over government-subsidized fuel prices, but the unions said oil workers would not shut down crude output while the two sides kept tal ...
Nigerian unions were to meet President Goodluck Jonathan on Saturday to try to defuse a row over the removal of fuel subsidies that has paralysed the economy and raised fears of a shutdown of its oil industry.