OPEC

Countertrade for Food and Consumer Goods to Be Halted in Nigeria 

On the eve of the OPEC conference in Vienna, the new Nigerian head of state, Major General Ibrahim Babangida, has announced that Nigeria is to put an end to some of the countertrade deals concluded by the previous regime. Speaking in a television address on 1 October, Gen. Babangida said that a "state of economic emergency" would be in force for the next 15 months in order for the government to "lay...