Word: nigerias
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...many oilmen suspected that the missing petroleum would soon enough turn up for sale on the spot market. Meanwhile, Saudi Arabia was hinting strongly that early next year it will cut as much as 1 million bbl. a day from its production of 9.5 million bbl., and Kuwait and Nigeria were also considering reductions. These moves will keep supplies scarce and prices high...
Lieut. General Olusegun Obasanjo, former Nigeria strongman, after handing over the government to civilians and retiring to his farm: "I went, I served, I accomplished and I returned. Thanks...
...must ensure that the money of the people of Cambridge is not invested in the blood-money of the banks in South Africa," Ampin Blankson, deputy permanent representative of Nigeria at the U.N. said at the meeting...
That becomes more urgent with every boost in OPEC prices, and the increases now occur with taunting frequency. Since last December the cartel has increased prices by 61%. Now Nigeria, Algeria and Libya appear to be preparing to raise their price of oil by as much as $5 per bbl. If they do, the $23.50 "ceiling" that OPEC set only last June will be shattered, and the cost of all petroleum products, including heating oil, will move up yet another notch...
Shagari's pragmatism could spell success for Nigeria's reborn democracy, if he can curb the excesses of his party followers, who finished strongly in races for the federal senate and state assemblies. But it might also spell disaster if he permits the country to fall back into the fractiousness of the past. Says a Western diplomat in Lagos: "A lot of people have their fingers crossed on this...