Tag Archives: Price of petroleum

Fixing the Unfixable Nigeria: Ngozi’s top job

November 22, 2012 by IndepthAfrica

NGOZI OKONJO-IWEALA is a woman who speaks her mind. Just over a year into her second stint as Nigeria’s finance minister, she has written a new book that she describes as a road map for low-income oil-exporting countries and poor … read more »

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Why $75 Benchmark Price for budget 2013 id right for Nigeria

October 15, 2012 by IndepthAfrica

Below explains how the $75 benchmark price was arrived at, the dangers of an overly high benchmark price, relevant examples from other countries and related issues. - Why $75 Benchmark Price for Budget 2013 Is Right for Nigeria   An overly … read more »

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Nigerian Labor Unions Suspend Fuel Price Protests for Two Days

January 13, 2012 by IndepthAfrica

Nigerian unions leading a nationwide strike against soaring fuel prices say they will halt their protests — but only for the weekend. The Nigerian Labor Congress said Friday that it wants members to take a break from demonstrations on Saturday … read more »

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Nigeria oil platforms on “red alert” for shutdown: union

January 11, 2012 by IndepthAfrica

Nigeria’s biggest oil workers’ union said it was putting oil platforms on red alert in preperation for shutting down output from Africa’s largest producer, as part of a nationwide protest against the axing of a popular petrol subsidy. Nigeria exports … read more »

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Anger Swells as Nigerians Strike Over Fuel Prices

January 10, 2012 by IndepthAfrica

Anger swept across Nigeria Tuesday as huge crowds gathered to protest soaring fuel prices and corruption during the second day of a nationwide strike. Police in the main commercial city of Lagos watched as thousands of people chanted anti-government slogans … read more »

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Oil, food prices main risk to S.Africa’s inflation: c.bank

July 1, 2011 by benim

The biggest risk to South Africa’s inflation outlook in the near future remains global food and oil prices, the Reserve Bank said on Friday. In its 2011 Annual Economic Report, the bank noted that the upward trend in international oil … read more »

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Mozambique to hike food, fuel prices

March 30, 2011 by benim

Mozambique will hike food and fuel prices but will offer other aid to the poor in the hope of averting a repeat of last year’s deadly riots, development minister Aiuba Cuereneia said on Wednesday. The government will phase out subsidies … read more »

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