No fast forward for Nigeria's poor despite oil boom
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MARABA, Nigeria  - A short drive away from Nigeria's capital Abuja, with its air-conditioned villas and ministers in luxury cars, life for many in the town of Maraba is a daily struggle to eat.
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Nigeria will not pour more cash into power, having spent $10 billion in the last seven years with little to show for it, until it has a clear idea of how to revamp the sector, President Umaru Yar'Adua said on Monday.
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Its economy is growing fast, but Africa is struggling to shed its image problem
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WASHINGTON Oct. 3, 2004 - Finance officials failed to resolve their differences over debt relief for the world&#39;s poorest countries and Iraq while expressing concern about the impact high oil prices would have on a strengthening global economy.
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THERE is no doubt that Nigeria is blessed; her citizens, therefore, should not suffer. However, the reverse is presently the case.
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A nation-wide strike is under way in Nigeria to protest fuel price increases in the oil-rich west African nation. Reports from Abuja, the Nigerian capital, and Lagos, the country&#39;s commercial cenbter, say
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There are some signs of progress in resolving the Nigerian conflict that is riling global oil markets. The leader of militia fighters threatening to widen a battle for control of Nigeria&#39;s oil-rich south has
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LONDON, United Kingdom -- Oil prices fell back from record highs Monday, ducking below 50 dollars in New York as fears of disruption to supplies from Nigeria receded after a peace deal between rival gangs in the oil-rich Niger Delta.
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Oil vaulted to a record $100 a barrel on Wednesday as violence in Nigeria, tight energy stockpiles and a weaker dollar triggered a surge of speculative buying, dealers said.
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impoverished inhabitants of the Niger delta, which pumps all the nation&#39;s oil. The government says he. is just a bandit fighting for control of smuggling routes used by oil thieves.
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High-flying oil climbed back toward $50  a barrel on Thursday, with worries over the security of  Nigerian supply supporting prices despite a surprise build in  U.S. crude inventories.
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A short drive away from  Nigeria's capital Abuja, with its air-conditioned villas and  ministers in luxury cars, life for many in the town of Maraba  is a daily struggle to eat.
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LAGOS: A four-day general strike over rising fuel prices has begun in Nigeria, Africa&#39;s largest oil producer. The largest trade union grouping in the country, the Nigerian Labour Congress, said more strikes
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WARRI, Nigeria  - It was polling day in the  sweltering Nigerian oil city of Warri and at election  headquarters everything was quiet. Very quiet.
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Nigerian cities are quiet as trade unions strike saying concessions on fuel price rises are "too little, too late".
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Oil prices remained just below record  highs on Friday amid concern over possible conflict in  Nigeria's oil-producing delta region, where a two-day truce  between rebel militia and government forces is holding.
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Oil should continue to flow from Nigeria despite a rebel threat to attack foreign oil workers, which has sent world oil prices to record levels above $50 a barrel, multinational energy companies said.