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July 24, 2008 11:54:11 PM CDT


Stories related to: Nigeria

Stories

Stories 1 - 20 of 26

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  • June 2008
    • Nigerian Youths Blow Up Oil Pipeline

      Nigerian Youths Blow Up Oil Pipeline

      A youth gang blew up a Chevron pipeline in Nigeria yesterday, reducing output from the world's eighth-largest oil producer by 120,000 barrels a day. Such attacks are common in Nigeria, Reuters reports: Sparked by poverty and hatred of foreign companies, militants have cut oil production there by one-fifth over the past 2 years. More »

      Tags

      oil price   oil   Nigeria   Chevron   Niger Delta   pipelines

  • April 2008
    • AmEx Leads Dow Rally

      AmEx Leads Dow Rally

      Stocks were mixed today as financials rallied but Microsoft dragged down the tech sector.  Nevertheless, all three major indexes recorded back-to-back weekly gains for the first time since February, Bloomberg reports. The Dow closed up 42.91 at 12,891.86, the Nasdaq dipped 5.99 to 2,422.93, and the S&P 500 rose 9.02 to 1.397.84. More »

      Tags

      Microsoft   S&P 500   Nasdaq   Dow Jones Industrial Average   crude oil   Nigeria   Persian Gulf

  • January 2008
    • Shell Profits Spike to a Record $27.6B

      Shell Profits Spike to a Record $27.6B

      Soaring crude prices and new oil and gas projects drove Royal Dutch Shell to 2007 profits of $27.6 billion—a new record for a British corporation—despite declining production. While critics branded the results “obscene” and called for a windfall tax, Shell’s CEO called them “satisfactory” and warned that 2008 would be a tougher year for the company as production costs soar and reserves dwindle, reports the Guardian . More »

      Tags

      gas prices   corporate earnings   Nigeria   oil reserves   Royal Dutch Shell   Shell Oil

    • Nigerian Rebels Seek Help From Clooney

      Nigerian Rebels Seek Help From Clooney

      Nigeria’s top rebel group urged George Clooney to come heal their war-torn land today, the AP reports. The militants, who often pressure officials by blowing up oil pipelines, promised to work with Clooney “and other credible peace makers" to cool off fighting in Nigeria. Clooney gave no immediate response to the invitation. More »

      Tags

      United Nations   Nigeria   George Clooney   militant   peace   MEND   Rebel

    • Oil Hits Record $100 a Barrel

      Oil Hits Record $100 a Barrel

      Crude oil prices jumped $4.02 today to push past $100 a barrel for the first time as Nigerian violence, disrupted Mexican exports, and the specter of dipping US stockpiles stoked supply fears in the face of ever-rising energy demands, CNNMoney reports. The previous record was $99.29, set November 20. More »

      Tags

      oil price   oil   interest rate cut   Nigeria   exports   oil supply   $100 a barrel oil   Port Harcourt

  • December 2007
    • Inside the Siemens Bribery Scandal

      Inside the Siemens Bribery Scandal

      In one of the world's largest corporate bribery scandals in recent years, German industrial giant Siemens allegedly channeled millions of euros in bribes to customers in Nigeria, Russia, Libya, and other countries to win infrastructure contracts. The Wall Street Journal traces the unearthing of the Siemens case across four years of investigations in Switzerland,  Liechtenstein, and Germany. More »

      Tags

      Russia   Germany   Switzerland   Nigeria   Libya   bribery   bribe   Siemens   Liechtenstein

    • Africa Nations Move to Ban Plastic Bags

      Africa Nations Move to Ban Plastic Bags

      With garbage rotting in the streets and being burnt in toxic bonfires, many African countries are looking to ban plastic bags. Kenya produces 48 million every year, and is now trying to follow Rwanda, Tanzania, and Uganda by outlawing them. In Nairobi’s slums, bags even clog channels leading out of toilets, creating a “stomach churning mass,” the Christian Science Monitor reports. More »

      Tags

      Kenya   Nigeria   Tanzania   ban   plastic bags   Nairobi   Uganda

  • November 2007
    • Gates Aims $100M at Polio

      Gates Aims $100M at Polio

      The world stands at the brink of eradicating polio, Bill Gates says, and his foundation yesterday awarded $100 million toward that end. One of the foundation's largest challenge grants will fund programs in four countries where the disease is still epidemic, notably Nigeria. The Rotary Foundation received the grant and will match it over the next 3 years, reports the Chicago Tribune . More »

    • Nigeria Sues Big Tobacco on Kid Smokers

      Nigeria Sues Big Tobacco on Kid Smokers

      Nigeria has launched a $40 billion lawsuit against Philip Morris and two other major tobacco companies, claiming they deliberately market cigarettes to children. Its government is demanding punitive damages and compensation for current and future health care costs, reports the BBC. A spokesman for the largest of the three, British American Tobacco, said that the action was "flawed" and insisted that the firm does not target young smokers. More »

      Tags

      lawsuit   smoking   Nigeria   tobacco companies

  • October 2007
  • August 2007
    • Americans Own 30% of World's Guns

      Americans Own 30% of World's Guns

      Americans form the biggest gun-toting posse on Earth, Reuters reports, boasting a high 90 firearms per 100 noncombatants. Other countries lag behind on a per capita basis: Yemen takes second with 61 per 100 and Finland places a surprising third with 56 for every 100 civilians. Many poor countries, like Nigeria, rank low on the list despite their reputation for gun violence. More »

      Tags

      gun   America   Nigeria   weapon   Yemen   gun violence

    • Gay Nigerians Face Death by Stoning

      Gay Nigerians Face Death by Stoning

      Eighteen Nigerian men arrested on suspicion of sodomy face death by stoning under the nation’s Sharia law. Police found the men, reportedly dressed as women, in a hotel in the northern state of Bauchi, where they were allegedly celebrating a “gay wedding.” More »

      Tags

      gay rights   homosexuality   Nigeria   Muslim   Sharia law   stoning

  • July 2007
    • Nigerian Kidnappers Free Toddler

      Nigerian Kidnappers Free Toddler

      Four days after her terrifying abduction, a 3-year-old girl is back with her parents in southern Nigeria, "covered in mosquito bites" but otherwise OK, her father tells the BBC. Margaret Hill, who was snatched from a car at gunpoint on her way to school Thursday, was freed today and was not ransomed, the Times of London reports. More »

      Tags

      kidnapping   Nigeria   Niger Delta   Port Harcourt   Margaret Hill

    • Kidnappers Threaten Toddler's Life

      Kidnappers Threaten Toddler's Life

      Kidnappers in Nigeria have threatened to kill a 3-year-old girl unless her father takes her place, and negotiations for her release have begun. Margaret Hill's mother interrupted an interview today to join officials in bargaining for her safe return, Reuters reports, after recounting a chilling conversation in which an abductor said he "doesn't care about killing and burying the baby." More »

      Tags

      oil   Nigeria   Niger Delta   Port Harcourt   MEND   Margaret Hill

    • UK Toddler Kidnapped in Nigeria

      UK Toddler Kidnapped in Nigeria

      A three-year-old British girl was kidnapped by gunmen in the Niger Delta today. The abduction comes after five oil workers were kidnapped yesterday. Militant groups who want a larger share of Nigeria's oil profits to go to the poor have taken more than 100 foreign hostages this year, the BBC reports. More »

      Tags

      oil   kidnapping   hostage   Nigeria   Niger Delta   MEND

    • 5 Kidnapped From Nigerian Oil Rig

      5 Kidnapped From Nigerian Oil Rig

      Five expat contractors were taken abducted yesterday during an attack on a Shell oil rig in the Niger Delta, just as a rebel group responsible for many similar attacks called off a one-month truce. The hostages include two New Zealanders, one Australian, one Lebanese and one Venezuelan; more than 200 expats have been kidnapped since the start of 2006. More »

      Tags

      Africa   kidnapping   Nigeria   Niger Delta   Umaru Yar'Adua

  • June 2007
    • Nigeria Sues Pfizer Over Deadly Tests

      Nigeria Sues Pfizer Over Deadly Tests

      Nigeria is suing pharma giant Pfizer for $7 billion, claiming the company carried out improper trials on children. 200 children in the state of Kano died, and others developed deformities, after Pfizer tested Trovan, an experimental antibiotic, during a 1996 meningitis outbreak. Nigeria claims the tests were unauthorized, but Pfizer insists the company had consent. More »

      Tags

      children   medicine   Nigeria   Pfizer   pharma   meningitis

  • May 2007
    • Nigerian Scams Hit Purebred Puppy Market

      Nigerian Scams Hit Purebred Puppy Market

      Nigerian scammers have a new ploy—this time giving away "free" purebred puppies that are worth upwards of $3,000, the LA Times reports. Racketeers advertise the pups using websites, MySpace postings, and even print ads, asking pet lovers to rescue the dogs or offering to sell them at heavily discounted prices. The only catch: The pets are stuck in Nigeria. More »

      Tags

      MySpace   animal   dog   pets   Nigeria   scam   puppy

    • China Helps Nigeria Into Space

      China Helps Nigeria Into Space

      China is launching its own space program, after years of getting a cold shoulder from NASA. Beijing is developing satellite technology for developing nations—the same nations it's looking to for resources to fuel its runaway economic growth, the New York Times notes. Last week saw the launch of a communications satellite for Nigeria, with another planned for Venezuela. More »

      Tags

      China   NASA   space exploration   Nigeria   satellite   aerospace

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