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Factbox: Nigeria's state-oil company NNPC

(Reuters) - Nigeria's government owes the state-owned oil firm for improper, informal loans used to cover a range of expenses, from a presidential helicopter to maritime security, a report of a partial audit will say. Here is a look at Nigeria, the largest oil producer in Africa, and its indebted oil company: OIL DISCOVERED: - Oil was discovered in Nigeria in 1956 at Oloibiri in the Niger Delta ...
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Added July 16, 2012
from Yahoo Nigerian News