Word: nigerias
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...When the leaders of Arab nations found themselves virtually buried by Western oil money they initially had almost nothing to buy. Although in the last few years increasing expenditures and decreasing revenues have narrowed this surplus (in some OPEC cases eliminating and even reversing it, as in Venezuela and Nigeria), at first the leaders of Arab nations had little to do with their wealth other than send it right back to Western banks...
...January a rancorous OPEC session in Geneva broke up before agreement could be reached on a pricing strategy, and the group seemed on the verge of disintegration. Within three weeks, a price war erupted, led by Britain and Norway, two non-OPEC producers, and Nigeria, an OPEC member. Finally in March, after a twelve-day session in London, the bickering band of OPEC ministers agreed to slash their bench-mark oil price from $34 per bbl. to $29, the first cut in the group's 23-year history...
...certainly a leading figure among African historians in the U.S. and worldwide," said Wonmack. "It was a serious loss to the department when he decided to go back to Nigeria," he recalled...
Born in Awka, Nigeria in 1917, Dike received his B.A. from the University of Durham, England in 1943, his M.A. from the University of Aberdeen, Scotland in 1947, and his Ph.D. from the University of London...
Dike served as senior research fellow at the West African Institute of Social and Economic Research at Nigeria's Ibadan University from...