Thu Jul 16, 2009 16:38 GMT |
Nigeria’s main militant group, the Movement for the Emancipation of the Niger Delta, has announced a 60-day ceasefire in a bid to kick start talks with the government. Albeit a fragile truce, the news should provide a boost for the government’s bolder stance on a host of political and economic policies, not least on the… [Read more]
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Tags: banking sector, MEND, naira, Niger Delta, Nigeria, oil
Posted in: Africa, Commodities, Currencies, Equities, Financials, Geopolitics, Podcast, Political Risk
Mon Jul 13, 2009 15:33 GMT |
It seems like every other little hiccup in the price of oil is blamed on sabotage in the Niger Delta. The region produces 1.5-2.5mn barrels of oil per day, depending on how active the militant activity in the region is at any given time. At the end of June however, Nigerian President Umaru Yar’Adua (local… [Read more]
Tags: Agip, Chevron, MEND, Militants, Niger Delta, Nigeria, oil, Shell, Yar'Adua
Posted in: Africa, Commodities, General, Political Risk