USD 63.7606

-0.19

EUR 71.1696

+0.04

BRENT 59.48

+0.43

AI-92 42.28

+0.01

AI-95 46.04

+0.01

AI-98 51.75

0

Diesel 46.25

-0.01

30

Nigeria Trades "Blood Oil" for Guns

Nigeria's President Umaru Yar'Adua said an international effort must be made to stop the trade

An international cartel of oil smugglers steals traded it for guns, earnign billions of dollars.

Nigeria's President Umaru Yar'Adua said an international effort must be made to stop the trade, which fuelled unrest in the Niger Delta.

The conflict means Nigeria is no longer Africa's largest oil exporter.