Welcome to the new website of the South Africa-Nigeria Chamber of Commerce, a resource for companies doing business in Nigeria or exploring the market and Nigerian companies looking at South Africa. The new site will now be a reservoir of useful information about the two countries that will be updated regularly. You will find contact details for our members and access to their goods and services under our Members link. Please note that some parts of the site are for members only.
Nigeria risks long-term oil decline
25 March 2012
ABUJA/LONDON, March 21 (Reuters) - Nigeria's oil production will begin falling soon unless the government can reduce political uncertainty, corruption and criminality. Rising output of Nigeria's high grade crude, highly prized by competing U.S. and Chinese buyers, could stall and even sharply reverse, shattering the ambitious development plans of Africa's most populous nation.
Oil output from ageing onshore fields in the Niger Delta is declining, data analysed by Reuters shows, and while deep offshore production has been steadily increasing over the last decade, it is set to plateau due to a lack of new projects.






