Energy Correspondent, London
Julia's Feed
Jun 15, 2015

New Nigerian leaders to meet anti-corruption watchdog head

ABUJA, June 15 (Reuters) – Nigeria’s new leaders will meet
the head of a leading global watchdog on corruption to see how
billions of dollars in oil revenue leakage can be curbed.

The head of Oslo-based the Extractive Industries
Transparency Initiative (EITI) is expected to meet Nigeria’s
president or vice president this week, its local arm said on
Monday.

Jun 13, 2015

Nigeria starts investigating crude oil swap contracts

ABUJA (Reuters) – Nigerian authorities have launched an investigation to determine whether the government has been short-changed by a state oil company scheme to swap crude for refined products, the company, three oil traders and a security source said.   

    The Nigerian government may be losing money through opaque contracts in which crude oil worth billions of dollars is given to traders in exchange for refined imports, mainly gasoline, international and domestic watchdogs have said.

Jun 11, 2015

Nigeria, neighbours forge anti-Boko Haram force

ABUJA (Reuters) – Nigeria and its neighbours agreed on Thursday to set up a joint military force to counter Boko Haram, a sign of President Muhammadu Buhari’s intent to crush the Islamist militant group early in his tenure.

At a one-day summit at Abuja airport, the 72-year-old former military ruler, who was inaugurated just two weeks ago, welcomed the leaders of Chad and Niger, and the defence minister of Cameroon.

Jun 11, 2015

Nigeria’s Buhari meets peers to hammer out Boko Haram force

ABUJA (Reuters) – New Nigerian President Muhammadu Buhari met his regional counterparts in Abuja on Thursday to set up a joint military force against Boko Haram, the latest sign of his intent to crush the Islamist militant group early in his tenure.

The 72-year-old former military ruler, who was inaugurated just two weeks ago, welcomed the leaders of neighboring Chad, Niger and Benin for the impromptu one-day summit at Abuja airport. Cameroon sent its defense minister.

Jun 2, 2015

Buhari expected to keep oil portfolio for himself in new Nigeria cabinet

ABUJA, June 2 (Reuters) – President Muhammadu Buhari is
likely to keep the oil portfolio for himself in the new Nigerian
cabinet, rather than trust anyone else with the source of most
of Nigeria’s revenue and traditional fount of corruption,
associates say.

Nigeria’s oil sector is so dirty that nobody’s hands are
clean enough to do the “surgical changes” needed, one
long-standing associate told Reuters on condition of anonymity
because the cabinet decision is still under wraps.

May 30, 2015

New Nigerian president seeks to crush ‘godless’ Boko Haram

ABUJA (Reuters) – New Nigerian President Muhammadu Buhari promised on Friday to eradicate the “mindless, godless” militants of Boko Haram and rescue hundreds of women and children held captive, including 200 girls taken from the town of Chibok a year ago.

In his inaugural address as elected leader of Africa’s most populous nation and biggest oil producer, Buhari also painted a picture of an economy in crisis after a collapse in the price of crude, which accounts for the bulk of state revenue.

May 29, 2015

New Nigerian president vows to crush “godless” Boko Haram

ABUJA, May 29 (Reuters) – New Nigerian President Muhammadu
Buhari vowed on Friday to eradicate the “mindless, godless”
militant group Boko Haram and rescue hundreds of women and
children held captive, including 200 girls taken from the town
of Chibok a year ago.

In his inaugural address as elected leader of Africa’s most
populous nation and biggest oil producer, Buhari also painted a
picture of an economy in crisis after a collapse in the price of
crude, which accounts for the bulk of state revenue.

May 29, 2015

Nigeria starts new chapter as Buhari sworn in

ABUJA, May 29 (Reuters) – Three decades after he first came
to power in a military coup, Muhammadu Buhari was sworn in on
Friday as elected President of Nigeria, giving him control of an
African giant struggling with slowing economic growth and a
raging Islamist insurgency.

Dressed in traditional Muslim attire, the 72-year-old
general stood on the stage clutching a Koran in his right hand
as he pledged to “preserve, protect and defend” the constitution
of Africa’s most populous nation.

May 29, 2015

Buhari to be sworn in as Nigerian president

ABUJA (Reuters) – Three decades after he first came to power in a military coup, Muhammadu Buhari will be sworn in on Friday as elected President of Nigeria, giving him control of an African giant struggling with slowing economic growth and a raging Islamist insurgency.

Despite the problems facing Africa’s most populous nation and biggest oil producer, Buhari’s historic election victory – Nigeria’s first democratic transfer of power – has inspired hope for a new sense of direction and purpose after five years of scandal and drift under outgoing President Goodluck Jonathan.

May 26, 2015

Exclusive: Captured video appears to show foreign fighters in Nigeria’s Boko Haram

ABUJA (Reuters) – Video footage found in captured Boko Haram camps by Nigeria’s military and seen by Reuters seems to give some of the clearest indication that foreign fighters hold positions of power within the Nigerian Islamist militant group.

The military says it is analyzing the footage to identify fighters and study the group’s internal dynamics.