07/31/2008

Militant youths in the Bakassi Peninsula, Friday, July 25, declared the oil rich area independent. According to a Nigerian newspaper, the "Sunday VANGUARD", a group calling itself the Bakassi Movement for Self-Determination, BAMOSD, said it had joined forces with the Movement for the Emancipation of the Niger Delta, MEND, in carrying out the secession.

07/30/2008

Leadership (Abuja) The Anglo-Dutch oil giant Royal Dutch Shell said yesterday it may not be able to meet some supply contracts at its major Bonny terminal in Nigeria after militants attacked its pipeline on Monday.

07/30/2008

Oil prices climbed further yersterday, trading above $126 in London, as energy giant, Royal Dutch Shell, suspended about 136,000 per day Nigeria output owing to unrest in Nigeria's Niger Delta. OPEC President Chakib Khelil, meanwhile, described crude oil prices above $120 a barrel as "abnormal," saying they could fall to $78 should the US currency strengthen and tensions ease over Iran's nuclear programme.

07/30/2008

There are strong indications that Nigeria, the sixth biggest oil producer in the world and Africa's biggest oil producer, can no longer meet the Organisation of Petroleum Exporting Countries (OPEC) production quota. The country's current production level has dropped below 1 million barrels per day (mbpd) owing to frequent shut-ins due to renewed attacks on oil facilities in the Niger Delta region.

07/30/2008

Lagos — There are strong indications that Nigeria, the sixth biggest oil producer in the world and Africa's biggest oil producer, can no longer meet the Organisation of Petroleum Exporting Countries (OPEC) production quota.

07/30/2008

Lagos — NIGERIA's daily crude oil output yesterday suffered yet further cuts as militant attack on major trunk-lines by militants in the Niger Delta forced operating companies to shut in some 130, 000 barrels of crude oil per day.

07/29/2008

THE Nigerian Army ruled out, yesterday, the use of force by it in dealing with the militancy in the Niger Delta, on a day militants bombed two Shell Petroleum oil pipeline in Rivers State. The Chief of Operations of the Army, Major-General Sani Saleh, said in Kontagora, Niger State that what the current situation in the Niger Delta required were all elements of national power which he listed as diplomacy, military and economy to resolve.

07/29/2008

Lagos — Nigeria's crude oil production which currently hovers between 1.8 million and 2 million barrel per day has dropped further, as Shell Petroleum Development Company (SPDC) yesterday shut in production of 130,000 barrels per day owing to an attack on its Nembe Creek trunk line.

07/29/2008

THE Ijaw Youth Leadership Forum (IYLF) has set up a five-man committee to probe the claim and counter-claim by the Nigerian National Petroleum Corporation (NNPC) and the Movement for the Emancipation of the Niger-Delta (MEND) over the payment of $12 million as protection fee to a militant group or otherwise, during the repairs, last year, of the Chanomi Creek crude oil pipeline, which was blown up by militants in 2006.

07/29/2008

opinion Barack Obama has had a powerful, some would say magnetic, influence upon communities, even those which are located very far from the USA. How has the Obama phenomenon impacted upon the Nigerian society?

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