After the victory of federal forces in 1970, the country began a period of economic boom fueled by increasing oil production and rising oil prices. The Nigerian ...

Nigeria's Second Republic was born amid great expectations. Oil prices were high and revenues were on the increase. It appeared that unlimited development was ...

Average operational costs in Nigeria are around US$2.50 a barrel, higher than the Persian Gulf, but lower than the Gulf of Mexico and the North Sea.

Nigeria is the second largest oil and gas producer in Africa (after Angola). Crude oil from the Niger Delta basin comes in two types: light, ...

28 In 1983 Nigeria cut its oil price $5.50 per barrel to stay ... Given the reality of politics in a petroleum state like Nigeria, where the elites distribute.

selling price of Nigerian oil could no longer suffice, as it had in August, 1981. Instead, in April, 1982, the Shagari government was forced to declare an ...

The official selling price of Nigerian marker crude rose from $20.95 per barrel in 1979 through. $35.41 in 1980 to $38.75 in 1981 but dropped to $35.67 in. 1982 ...

Foreign exchange earnings and government revenues increased spectacularly with the oil price rises of 1973-74. On July 29, 1975, Gen. Murtala Muhammed and a ...

Between 1978 and 2007, the various Nigerian regimes increased fuel prices a total of 18 times. Most of the increase occurred in the 1990-2007 period when prices ...

government expenditures. Nigeria's petro-political fluctuation of 1973-79 began with the great leap in oil prices in 1973-74 and the resultant ...