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History of the Nigerian Petroleum Industry

Oil was discovered in Nigeria in 1956 at Oloibiri in the Niger Delta after half a century of exploration. The discovery was made by Shell-BP, at the time the sole concessionaire. Nigeria joined the ranks of oil producers in 1958 when its first oil field came on stream producing 5,100 bpd. After 1960, exploration rights in onshore and offshore areas adjoining the Niger Delta were extended to other foreign companies. In 1965 the EA field was discovered by Shell in shallow water southeast of Warri. ​​ In 1970, the end of the Biafran war coincided with the rise in the world oil price, and Nigeria was able to reap instant riches from its oil production. Nigeria joined the Organisation of Petroleum Exporting Countries (OPEC) in 1971 and established the Nigerian National Petroleum Company (NNPC) in 1977, a state owned and controlled company which is a major player in both the upstream and downstream sectors. Following the discovery of crude oil by Shell D’Arcy Petroleum, pioneer production...
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What is BRICS?New Money, New World.

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You may wonder what is BRICS? BRICS stands for Brazil, Russia, India, China and South Africa.It wa formed in 2010 with an addition of South Africa.BRICS is growing thus become threat to US. They also claim 24% of global GDP. GDP or gross domestic product measures all the goods and services a country provides over a 12-month period. This coalition also holds 16% of the value of global trade. Argentina Needs access As the BRICS countries become more strong, participating on monetary issues that influence food and oil supplies, different nations are paying heed. Argentina, for example, has shown an interest in joining the BRICS alliance, and it isn't the one to focus on. Iran has likewise shown an interest in joining this combination of nations, and China is available to a few really joining a 'BRICS In addition to's participation. Among those referenced are Kazakhstan, Uzbekistan, Argentina, Egypt, Thailand, Indonesia, Nigeria, Senegal, and Saudi Arabia. Russian Pr...
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Henry Kwasi Prempeh

Legal scholar and governance expert Henry Kwasi Prempeh is executive director of the Ghana Center for Democratic Development (CDD-Ghana), where he has served as a board member since the center’s founding and was its first director of legal policy and governance and co-editor of its quarterly Democracy Watch from 2001 to 2003. Kwasi Prempeh taught at Seton Hall University School of Law (New Jersey, USA) from 2003 to 2015, securing tenure as a full professor in 2008. He was also a visiting professor at GIMPA Law School from 2010 to 2011 and has co-taught the “Constitution-Building in Africa” course at the Central European University, Budapest, Hungary, since 2014. In 2013-2014, he served as constitutional adviser to the UN Special Envoy to Yemen. A 2011 Reagan-Fascell Democracy Fellow at the National Endowment for Democracy, Kwasi Prempeh is a renowned expert on democratization, governance, and constitutionalism in Ghana and Africa and has published widely in the field, including articl...
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