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Analysts: Nigerian Oil Shake-Up Shows Buhari Serious About Reform

On the campaign trail, newly-elected Nigerian President Muhammadu Buhari vowed to stamp out corruption in Nigeria. To do that, analysts say he must reform the state-owned Nigerian National Petroleum Corporation or NNPC, which has long been dogged by allegations of waste and graft. Buhari showed he was serious late last month by firing the NNPC’s board. Dolapo Oni, head of energy research at Ecobank, said that move effectively put him in control of the company. “I...

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