Nigeria faces $110 oil windfall: fiscal opportunity or economic warning?
Published 2 d ago1 sourceEvidence: Reported
Bayelsa State government has suspended land acquisition by Nembe Exploration and Production Company Ltd (formerly Aiteo) for OML 29, following a fatal community dispute. The suspension halts operations tied to a key asset acquired from Shell in 2014, potentially disrupting local oil output and escalating community tensions. The specific nature of the dispute and casualty figures remain unconfirmed.
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