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Nigeria Audit: State Oil Company 'Unsustainable'

The Nigerian government has released a long-awaited audit on the behemoth state oil company NNPC. The audit states that Nigeria, Africa’s biggest oil producer, needs to urgently overhaul the way it manages the company. Nigeria’s President Goodluck Jonathan commissioned PricewaterhouseCooper to audit the Nigerian National Petroleum Corporation (NNPC) last year. He acted after firebrand Central Bank Governor Lamido Sanusi alleged that the state oil company failed to remit...

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