News Desk (Late Edition) Tuesday, August 19, 2008

Nigeria, Germany sign deal to boost power supply

Analysts have identified power shortage as one of the main impediments to growth in the world's eighth top oil exporter which is grappling with its worst electricity crisis in decades. MORE>>>

Virgin set to sell Nigerian airline stake

Virgin Atlantic is in discussions to sell its stake in Virgin Nigeria as its dispute with the government of the oil-rich West African state escalates. The deal is also likely to see Virgin, chaired by Sir Richard Branson, remove its branding from the airline once it finds a buyer for its 49pc stake. MORE>>>

Britain wants strong regulations for Nigeria’s oil sector

Nigeria will get better rewards from the oil and gas sector if the government is able to come up with strong regulatory frameworks, the British Secretary of Energy, Mr. Malcom Wicks, advised on Tuesday. MORE>>>

Nigeria militants kill 3 in battle over oil turf

PORT HARCOURT, Nigeria, Aug 19 (Reuters) - At least three people were killed in a turf dispute between rival armed gangs in Nigeria's oil-producing Niger Delta, one resident and a security source said on Tuesday. MORE>>>