InfoAnda - Nigerian strikes set to resume Monday |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Unveiled women stop traffic in Iraq election campaign | 5 March 2010
Videogame makers seek footing on shifting landscape | 1 March 2011
Microsoft proposes letting users in EU choose browser | 25 July 2009

South Korea parliament expected to approve budget on Monday | | 31 December 2012

Forum Views () Forum Replies ()

Read more with google mobile : Nigerian strikes set to resume Monday |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Davos 2012 Technology Media Small Business Legal Deals Earnings Summits Business Video Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh James Saft Lucy P. Marcus David Cay Johnston Bethany McLean Edward Hadas Hugo Dixon Ian Bremmer Mohamed El-Erian Lawrence Summers Susan Glasser The Great Debate Steven Brill Geraldine Fabrikant Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Money Money Home Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Life & Culture Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Article Comments (0) Full Focus Photos of the week Our top photos from the past week. Full Article Images of December Best photos of the year Follow Reuters Facebook Twitter RSS YouTube Read Romney opens 21-point lead in South Carolina: Reuters/Ipsos poll 14 Jan 2012 Billionaire Detroit bridge owner released from jail 14 Jan 2012 Survivors plucked from Italian shipwreck | 9:03am EST UPDATE 4-Survivors plucked from Italian shipwreck 5:26am EST Iran says it has evidence U.S. behind scientist's killing 14 Jan 2012 Discussed 142 Gay marriage a threat to humanity’s future-Pope 130 Buffett to GOP: You pay and so will I 86 Romney opens 21-point lead in South Carolina: Reuters/Ipsos poll Watched Italian cruise ship runs aground, three dead Sat, Jan 14 2012 Blazing Korean ship crew missing Wed, Jan 11 2012 Iranian military boats approach U.S. vessels: Pentagon Fri, Jan 13 2012 Nigerian strikes set to resume Monday Tweet Share this Email Print Related News Analysis: Nigeria: will it fall apart or can it hold? 10:26am EST Analysis & Opinion China will fudge Iran oil sanctions Leader of violent Nigerian Islamist group defends killing Christians in video Related Topics World » Members of the Niger Delta People Volunteers Force march in support of Nigeria's President Goodluck Jonathan on fuel subsidies removal in the oil hub city of Port Hacourt, January 13, 2012. Credit: Reuters/Austine Ekeinde By Felix Onuah and Camillus Eboh ABUJA | Sun Jan 15, 2012 10:27am EST ABUJA (Reuters) - Nigerian labor unions said they would resume nationwide strikes on Monday, crippling the second largest economy in Africa, after failing to reach a compromise with the government over scrapped fuel subsidies. However, the main oil union said it would maintain the output of Africa's No. 1 crude producer, not joining walkouts for the time being, and the government said more talks would be held on Sunday despite the unsuccessful round the day before. "There will be further negotiations today. The government is still open for dialogue. Further consultations will carry on today and by the evening something definite will have to come out," presidential spokesman Reuben Abati told Reuters. Tens of thousands took to the streets for strikes over five successive days last week in protest against the sudden removal of a fuel subsidy on January 1 that more than doubled the pump price of petrol to 150 naira ($0.93) per litre from 65 naira. "We are suffering," shouted Paul Edem, after queuing for 12 hours to buy petrol at the new higher price in Lagos, Nigeria's largest city. The only alternative to queuing is to buy at three times the new price from touts selling from jerry cans. "We are stocking up as they say the strike will resume tomorrow," said Zainab Aruna, a housewife at Sura market nearby. "Government should reinstate the subsidy so that the protests will end," she added to a chorus of approval from bystanders. The Nigeria Labour Congress (NLC) and Trade Union Congress said in a statement: "The indefinite strikes, rallies and protests continue nationwide from Monday," but added that they were ready for more talks without conditions. However, in a possible move to coax concessions from the government, NLC President Abdulwaheed Omar said PENGASSAN, the oil workers union, "will not shut down oil production, as earlier planned for Sunday." Previously, workers in Nigeria's 2 million barrel-per-day oil industry, which accounts for 8 percent of U.S. oil imports and is an important source of energy supply in Europe and Asia, said they would cut output if talks broke down, intensifying pressure on President Goodluck Jonathan and his team. Crude exports account for more than 90 percent of Nigeria's foreign exchange earnings and 80 percent of government revenues. Unions said they wanted the government to immediately bring the price back down to 65 naira, at which point they would cancel strikes and protests and negotiations could continue. The government has been quiet on the details of negotiations, but slashing the pump price to 65 naira without any guarantee of subsidies being removed in the future would be a major climbdown. Unions said the government appeared willing to reduce the petrol price but not to return it to old levels. Workers had suspended strike action for the weekend because of Saturday's talks and to allow protesters to rest. Unions intend to have internal strategy meetings on Sunday. Several people died in clashes with police last week and 600 were treated for injuries, according to the International Red Cross. CRISIS PUSHES UP OIL PRICES Global oil prices were boosted by Nigeria supply fears late last week and a serious production outage would push them sharply higher, according to traders and analysts. "All PENGASSAN branches and members at all the production platforms ... (will) execute immediately the systematic shutdown of oil production should the negotiation with the government break down," the main oil union said. Industry officials doubt unions can stop crude oil exports completely because production is largely automated and Nigeria has crude stored in reserves, but any outage could still have a significant dampening impact on the economy. Even with oil output unaffected, the strikes are costing Nigeria around $600 million a day, Central Bank Governor Lamido Sanusi told Reuters. The strikes have prevented tankers from delivering supplies to Nigeria, which, despite its oil riches, imports most of its refined petroleum products. Many economists have called the subsidies corrupt and wasteful, with billions of dollars of state funds going into the hands of a cartel of fuel importers while giving little benefit to millions of poor Nigerians. But the Nigerian public, who have witnessed decades of political corruption and worsening public services, view cheaper fuel as their most tangible welfare benefit. The strikes began with gripes over subsidies but in some areas have become protests at long-term government failures. Nigeria sells more than $200 million in crude oil a day and holds the world's seventh largest gas reserves. But infrastructure only provides enough power to support a medium-sized European city, meaning most of the country's 160 million people live without electricity. The confrontation is a serious setback for Jonathan, already under fire for failing to quell an increasingly violent Islamist insurgency in the north. (Additional reporting by Joe Brock in Abuja, James Jukwey, Chijioke Ohuocha and Tim Cocks in Lagos and Mike Oboh in Kano; writing by Joe Brock; editing by Andrew Roche) World Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Advertise With Us Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Sunday, 15 January 2012
Iran sends rare letter to U.S. over killed scientist |
Blast in home of Gaza militant leader kills one |
Greeks like their PM but unhappy with coalition government: poll |
Tunisians celebrate their revolution one year on |
Residents back in Yemen city after months of fighting |
Sudan and southern rebels clash in oil border state |
White House criticizes online piracy legislation |
Three dead, 40 missing in Italian ship disaster |
Iran sends rare letter to U.S. over killed scientist |
Qaeda militants seize town southeast of Yemen capital |
Bodies in Cambodian car may be Frenchman, family |
Somali pirates release Indian ship with 21 crew |
Kazakh vote tests stability after oil town unrest |
Michelle Obama stresses service at BET honors |
Wahlberg eyes potential Bulger meeting, project |
Stop the killing, U.N. chief tells Syria's Assad |
Nigerian strikes set to resume Monday |
Ten dead in militant attack in Iraq's Ramadi |
Pakistan PM won't retract criticism of military |
Insight: Dubbed Viktator, soccer-mad Hungary PM fights on |
Netanyahu deputy disappointed with Obama on Iran |
Libyan parties reject draft election law |
Bahrain king announces constitutional reforms |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01