Nigeria's Oil Production Ends in 41 Years - World Bank

Nigeria's oil reserve will be depleted in 41 years, according to a World Bank Group's twice-yearly analysis of the issues shaping Africa's economic prospects called Africa's pulse.

Nigeria: Ex-Minister Arrested Over Oil Theft

Former Minister of Interior and chairman of Integrated Oil and Gas Limited Captain Emmanuel Iheanacho has been arrested over allegations linking his company oil theft, according to Channels Television news monitored last night in Abuja. The former minister is said to be in the custody of the State Security Service (SSS), but this could not be confirmed last night as calls put through the SSS spokeswoman Marylin Ogar.