Monthly Archives: April 2011

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The south-west zone of Independent Petroleum Marketers Association of Nigeria (IPMAN) will soon acquire a storage facility to ease distribution, Olumide Ogunmade, the south-west chairman of the group, said. He told the News Agency of Nigeria (NAN) in Lagos on Monday that the aim of IPMAN owning a facility was to reduce difficulties often encountered by members in times of…

The naira and its $500 million Eurobond could come under pressure in the coming days as the postponement of national elections unnerves investors, traders and analysts said on Monday. Africa's most populous nation postponed parliamentary and presidential elections by a week on Sunday, after failing to get logistics prepared in time, a major embarrassment for a nation hoping to break…

Nigeria may have foreclosed any plans to explore nuclear energy as an alternative source of electricity power generation. Minister of state for power, Nuhu Wya, who gave this hint in Lagos, said the country would explore other means of power generation in which it has comparative advantage. Responding to a question at the power conference held in Lagos last week,…

Cote d'Ivoire's weather last week was ideal for the development of the April-to-September mid-crop with both rain and sunshine, but political instability has disrupted the harvest, farmers and analysts said on Monday. This year's mid-crop cocoa was expected to be larger compared with last season. But a violent political standoff in the world's top cocoa producing nation after a disputed…

Eni's chief executive has contacted rebels in Benghazi about energy cooperation, as the Italian oil and gas group moved to protect its role as the leading foreign oil operator in Libya. Eni's efforts were supported on Monday by Italy giving Libyan rebels its full backing. CEO Paolo Scaroni had phone contact with representatives of the rebels' National Transitional Council in…

The presidential candidate of the Action Congress of Nigeria (ACN), Nuhu Ribadu, has stated that he will focus on nine major policy themes that would enable the nation address and effectively manage the difficulties that its citizens are presently grappling with. Spelling out his vision in his manifestoes, he listed the policy themes as human capital development, the economy, infrastructure,…