Niger Delta News
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Goldman Sachs Group Inc., Wells Fargo & Co. and JPMorgan Chase & Co. are among banks warned by federal regulators that they may face civil claims tied to sales of mortgage-backed securities.
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Royal Dutch Shell Plc asked the U.S. Supreme Court to rule that the company can’t be sued by Nigerians seeking damages for torture and murders committed by their government in the early 1990s.
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Nigeria’s main militant group in the oil-rich Niger River delta said it’s planning more attacks after it damaged a pipeline belonging to a unit of Italy’s Eni SpA.
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The Movement for the Emancipation of the Niger Delta, the main armed group in Nigeria’s oil-rich southern region, attacked and damaged a pipeline belonging to a unit of Italy’s Eni SpA.
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South Africa’s Ministry of International Relations and Cooperation will investigate threats against South African companies with investments in Nigeria by the Movement for the Emancipation of the Niger Delta.
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Oil traded near the highest price in almost a week as investors speculated that a U.S. economic recovery will boost fuel demand. Brent’s premium to West Texas Intermediate crude widened an eighth day after militants attacked a pipeline in Nigeria.
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Oil fell from the highest price in three days in New York on speculation Greece’s steps to avert a financial collapse may fall short, threatening Europe’s economy and demand for fuel.
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Morgan Stanley bought a cargo of North Sea Forties crude at the highest price in a month. Gunvor Group Ltd. sought to buy Russian Urals in the Mediterranean without success.
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The Nigerian military raided a clandestine base in the Niger Delta region and arrested two militants, Maj. Gen. Charles Omoregie said in an e-mailed statement.
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A Nigerian government amnesty for militants in the oil-rich Niger River delta has ended, Vanguard newspaper reported, citing Kingsley Kuku, a presidential adviser on the region.
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