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Nigeria Discovers More Oil

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AFRICANGLOBE - Nigeria's commercial capital, LAGOS, is on the verge of joining the country's oil-producing states with the discovery of crude oil in commercial quantities in the coastal state.

Nigerian Consortium Buys Stake in Two Oil Blocks

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A Nigerian firm backed by Britain's Afren and a mainly local consortium have bought major stakes in onshore oil blocks from Shell, Total and Agip for more than $700 million, officials announced Thursday.
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