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Seoul - The Nigerian government on Thursday rescinded oil exploration rights at two fields off the Nigerian coast that were granted to South Korean firms four years ago.
Justifying the move, the Nigerian government said the Korea National Oil Corporation (KNOC) had not made payments as scheduled, according to the KNOC. Allegedly, the KNOC only paid 192 million dollars of the 323 million price that had been agreed upon.
The KNOC says the agreement had only been for 192 million dollars. KNOC says part of the deal called for it to help develop Nigeria's energy infrastructure.
New Delhi, Jan. 14: India and Nigeria have expressed keen desire to take forward the existing cooperation between the two countries in the hydro-carbon sector.
At a bilateral meeting held in New Delhi on Tuesday with Dr. Emmanuel O. Egbogah, Adviser to the President on Petroleum matters, Additional Secretary in the Petroleum and Natural Gas Ministry S. Sundareshan informed that in the two blocks awarded to ONGC Mittal Energy Ltd. (OMEL), the company has strived to fulfill its obligations.
Abuja - The number of babies who died after being administered a locally made teething mixture in Nigeria has risen from 25 to 34, the state-run food and drugs regulatory agency said Wednesday.
Dora Akunyili, Director-General of the National Food and Drugs Administration and Control, said the additional deaths were recorded at one of Nigeria's oldest medicine training institutes, the Ahmadu Bello University Teaching Hospital in Zaria, where eight had died earlier.
Lagos - The former head of Nigeria's anti-corruption watchdog has been facing death threats and should be given protection from the government, Human Rights Watch (HRW) said Wednesday.
Nuhu Ribadu was removed from his position as the head of Nigeria's Economic and Financial Crimes Commission (EFCC) in 2007 shortly after the commission indicted a politician close to Nigerian President Umaru Yar'Adua.
Ribadu told the New York-based HRW that he had received telephone death threats and had shots fired at him in late September.