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Questions Lie Ahead as Nigeria Reforms State Oil Company

The state-owned Nigerian National Petroleum Corporation is in for a massive overhaul, its director announced this month, but analysts are divided over whether that will be enough to bring meaningful reform to Nigeria’s chaotic petroleum sector. The restructuring of the NNPC into five businesses and two service companies has been widely anticipated since President Muhammadu Buhari took office last year. He courted voters with promises to crack down on corruption, and there are few targets...

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