NIGERIA

Risks for Nigerian oil go beyond elections

Clashes between political gangs rather than attacks on oil facilities are the greatest threat to Nigeria's Niger Delta ahead of April elections and the long-term security of its oil output depends on much more than who wins.

Shell to auction 4 more onshore oil blocks in Nigeria

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Shell is putting up four Nigerian onshore oil blocks for auction as the oil major focuses on transferring some assets in Nigeria to local companies, Platts reported on Thursday, quoting sources close to the process.
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Nigeria hit by new wave of religious violence

Nigeria hit by fresh wave of religious violence after Christmas eve blasts killed 32

Fresh religious clashes that broke out in the city of Jos in Central Nigeria on Sunday reportedly killed at least one person while several other have been injured. Many buildings and cars were set ablaze in the violence between Muslim and Christian groups. Police and military units have been deployed to prevent further hostilities by the mobs. The clashes came just a day after three blasts rocked the city killing 32 people. Tensions are escalating as unconfirmed reports are also suggesting that ...
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World Bank cuts Ivorian financing as crisis deepens

France asked its citizens to leave Ivory Coast and the World Bank froze funding to the West African state on Wednesday, as a violent power struggle deepened between incumbent Laurent Gbagbo and his rival presidential claimant Alassane Ouattara.
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Chevron shuts Nigeria oil pipeline after attack

U.S. energy firm Chevron said on Monday it had suspended production from an oil pipeline in Nigeria's Delta state, which was breached on Friday. Chevron said it was investigating the damage to the Dibi-Abiteye pipeline, which feeds the Escravos oil stream, but did not comment on how much production would be lost.
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Wall Street futures point to gains for stocks

Stock index futures pointed to modest gains for Wall Street on Monday, with futures for the S&P 500, Dow Jones Industrials and Nasdaq indexes all up by around 0.1 percent by 0933 GMT (4:33 a.m. EDT).
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Nigeria drops charges against Halliburton, Cheney

Nigeria's anti-corruption agency said on Friday it had dropped bribery charges against former U.S. Vice President Dick Cheney and oil services company Halliburton after the company agreed to pay a fine.
Fiddausi Abdullahi Madaki, a victim of Pfizer's 1996 test, sits at her home in Kano

Pfizer sought dirt on Nigerian official to drop legal action: Wikileaks

U.S. drug giant Pfizer (NYSE: PFE) hired investigators to dig up dirt on Nigeria’s former attorney general in order to stop an investigation over a controversial drug trial the company conducted which led to the deaths of eleven children, according to cables released by WikiLeaks.
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WikiLeaks cables: Pfizer took aim at Nigeria AG

Drugmaker Pfizer hired investigators to find evidence of corruption against the Nigerian attorney general to convince him to drop legal action against the company over a drug trial involving children, the Guardian newspaper reported, citing U.S. diplomatic cables made public by WikiLeaks.
OPEC

OPEC crude output drops in Nov. despite demand staying same

Crude production from the Organization of the Petroleum Exporting Countries (OPEC) dropped in November by around 70,000 barrels per day (bpd) to 29.1 million bpd, a Platts survey of oil industry officials and analysts showed on Monday.
Rolex awards young laureates in Switzerland.

Rolex awards young laureates in Switzerland

In a ceremony held at the prestigious Ecole Fédérale Polytechnique de Lausanne in Switzerland on October 11, watch-brand Rolex awarded five young entrepreneurs, aged between 18 and 30 years, the first Rolex Awards for Enterprise: Young Laureates Programme.
Security officials stand around illegal ammunition at Nigeria's main seaport in Lagos

Nigeria could 'report' Iran to UN on illegal arms shipment

Nigeria could report Iran to the UN Security Council on illegal arms shipment, if any sanctions were breached. Speaking to reporters in the capital Abuja, Nigerian foreign minister stated that the consignment originated from Iran, a detail also confirmed by the Iranian government. Iran is forbidden from exporting any weapons from its territory. However, Nigeria is yet to notify the UN on the incident.
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Angola polio outbreak threatens neighbors: WHO

A persistent outbreak of polio in Angola is now a matter of international concern and health authorities there must step up their efforts to stamp it out, the World Health Organization (WHO) said Friday.
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More aid needed to fight child hunger in Chad: U.N

Up to a quarter of children in parts of Chad are facing acute hunger despite an easing of the overall famine threat across the Sahel region of Africa, UNICEF warned on Friday, calling on donors to provide more funds.
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J&J launches 5-year aid program for women, children

Johnson & Johnson has pledged grant money, drugs and research funding for new HIV and tuberculosis medications as part of a five-year, private sector effort to improve the health up to 120 million women and children in developing nations each year.
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Scam artists target victims of Gulf oil spill

An e-mail scam featuring someone purporting to be BP Plc's Chief Executive Tony Hayward is targeting victims of the company's massive Gulf of Mexico oil spill, Florida's attorney general said on Thursday.

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