Conflict in the Niger Delta Jonathan’s defeat in the March 2015 elections, the amnesty program seems likely to end in December 2015 and with patronage to former militant leaders terminated, local discontent is deepening. A February 2016 explosion in a pipeline operated by Shell Petroleum Development Corporation, a Royal Dutch Shell subsidiary to the Shell Forcados export terminal halted both production and imports. Speculation centered on militants using divers. Emmanuel Ibe Kachikwu, the minister of state for petroleum and the head of Nigeria’s oil company, said Nigerian production was down 300,000 barrels a day as a result. On May 11 Shell closed its Bonny oil
Nigerian Export-Import Bank after Robert Orya was sacked by the President Muhammadu Buhari Administration. Nigerian Export-Import Bank The Nigerian Export-Import Bank (NEXIM) is an export credit agency in Nigeria, established in 1991. The bank was established by the Federal Government of Nigeria with Act 38 of 1991 to replace the Nigerian Export Credit Guarantee & Insurance Corporation. It provides export credit guarantees and export credit insurance for exports of Nigerian commodities and services within and outside West Africa. In 2014 it had a capacity of $39.5 billion in credit and securities for Nigeria's non-oil exports. Bashir Mahe Wali is the Acting. Managing Director/Chief