Search results
Results from the WOW.Com Content Network
Petroleum industry in Nigeria. Nigeria is the second largest oil and gas producer in Africa (after Angola ). [1] Crude oil from the Niger Delta basin comes in two types: light, and comparatively heavy – the lighter has around 36 of API gravity while the heavier has 20–25 of API gravity. Both types are paraffinic and low in Sulphur. [2]
In 1971, the Nigerian National Oil Corporation (NNOC) was created to handle direct commercial operational activities in the oil industry on behalf of the Federal Government. However, the Department of Petroleum Resources in the Federal Ministry of Mines and Power continued to exercise statutory supervision and control of the industry. In 1975 ...
The economic history of Nigeria falls into three periods. They are the: pre-colonial, the colonial and the post-colonial or independence periods. [1] The pre-colonial period covers the longest the part of Nigerian history. The colonial period covers a period of 60 years, 1900-1960 while the independence period dates from October 1, 1960.
Ondo, 9. Rivers. The current conflict in the Niger Delta first arose in the early 1990s over tensions between foreign oil corporations and a number of the Niger Delta 's minority ethnic groups who feel they are being exploited, particularly the Ogoni and the Ijaw. Ethnic and political unrest continued throughout the 1990s despite the return to ...
Although Libya has more reserves, there were 37.2 billion barrels (5.91 × 109 m 3) of proven oil reserves in Nigeria as of 2011, ranking the country as the largest oil producer in Africa and the 11th largest in the world, averaging 2.28 million barrels per day (362 × 103 m 3 /d) in 2006. At current rates this would be 45 years of supply if no ...
The history of Nigeria can be traced to the earliest inhabitants whose remains date from at least 13,000 BC through early civilizations such as the Nok culture which began around 1500 BC. Numerous ancient African civilizations settled in the region that is known today as Nigeria, such as the Kingdom of Nri, [1] the Benin Empire, [2] and the Oyo ...
Nigeria held a Constitutional conference. 1959. Nigeria holds its first national election to set up an independent government. Northern politicians won a majority of seats in the Parliament. 1959 Petroleum Profits Tax Ordinance establishes 50–50 split of oil revenues between corporation and government.
The Nigerian Civil War (6 July 1967 – 15 January 1970), also known as the Biafran War, was a civil war fought between Nigeria and the Republic of Biafra, a secessionist state which had declared its independence from Nigeria in 1967. Nigeria was led by General Yakubu Gowon, and Biafra by Lieutenant Colonel Chukwuemeka "Emeka" Odumegwu Ojukwu.