Nigeria’s Oil Industry Overhaul

Although Nigeria is Africa’s largest oil and gas producer, its
petroleum sector has long suffered from frequent scandals, severe
mismanagement and a lack of coherent guidelines and regulations.
Furthermore, Nigeria’s state oil company, the Nigerian National
Petroleum Corporation (NNPC), has become synonymous with corruption
in Nigeria. Widely accepted as being one of the world’s most opaque
national oil companies, the NNPC has gained a reputation for its
hazy finances and its penchant for engaging in non-transparent
business dealings…

Although Nigeria is Africa’s largest oil and gas producer, its
petroleum sector has long suffered from frequent scandals, severe
mismanagement and a lack of coherent guidelines and regulations.
Furthermore, Nigeria’s state oil company, the Nigerian National
Petroleum Corporation (NNPC), has become synonymous with corruption
in Nigeria. Widely accepted as being one of the world’s most opaque
national oil companies, the NNPC has gained a reputation for its
hazy finances and its penchant for engaging in non-transparent
business dealings…