Tuesday, 31st January 2023
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Nigeria faces a tough time diversifying from oil

Nigeria's dependence on crude oil makes its economy vulnerable. But the transition to an economy not based on oil won't be easy.

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London's Horniman Museum signed over ownership of 72 artefacts, looted by British soldiers in 1897, to the Nigerian government on Monday.
6 Dec
The World Bank says the level and quality of Nigeria’s infrastructure quality is low, ranked at 132 out of 137 countries, stressing that the country's physical infrastructure gap would likely reach 3 trillion dollars in the next 30 years.
11 Dec
The European Union approved a plan to cap prices of Russian oil at $60 a barrel, with the deal coming into effect December 5. Ukrainian President Volodymr Zelenskyy thinks it may not be enough. Follow DW for the latest.
5 Dec
The price cap could make it difficult for Moscow to sell its oil for a higher price. Meanwhile, a senior US intelligence official said the war was at a ''reduced tempo.'' DW has the latest.
11 Dec
The EU has stopped buying Russian seaborne crude oil as it seeks to deprive Moscow of a key revenue source fueling its war in Ukraine. The move will hurt Russia but not as much as the bloc would have liked.
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