NNPC

Nigerian Workers Construct Petrol Tankers

We featured it in today’s “News Roundup,” but the articulate and impassioned Financial Times editorial calling for reform of Nigeria’s national oil company – NNPC – is worth repeating. For a country so well endowed with natural resources, its overall energy situation is arguably in shambles. Despite ample refining capacity, the country is forced to… Keep reading →

Nigerian Workers Construct Petrol Tankers

The Nigerian National Petroleum Corporation – NNPC – allegedly withheld $49.8 billion of oil revenue from the Nigerian government and recently sought to explain what happened to $10.8 billion of that sum. Corruption has long plagued the Nigerian oil industry and the country ranked 144th out of 177 nations analyzed in Transparency International’s 2013 Corruption… Keep reading →