Thieves steal $250m of Nigerian oil from one pipeline
Friday, November 27, 2015
The Nigerian National Petroleum Corporation (NNPC) said half a billion litres were taken from the pipeline that runs north-east from Lagos.
Long queues have formed at petrol stations across Nigeria in recent days.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...