• 3 minutes China's aggression is changing the nature of sovereignty.
  • 8 minutes Will Variants and Ill-Health Continue to Plague Economic Outlooks?
  • 11 minutes Europe gas market -how it started how its going
  • 3 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 55 mins Russia, Ukraine and "2022: The Year Ahead"
  • 12 hours January 23rd - Washington D.C. and Brussels - Demonstrations Against Tyranny
  • 12 hours Energy Storage Could Emerge As The Hottest Market Of 2022
  • 3 days Following the Big Money
Editorial Dept

Editorial Dept

More Info

NIGERIA: Ansaru Evolves Strategy with Apparent Hostage Executions

Bottom Line: The kidnapping and apparent execution of 7 hostages (European nationals and Middle Eastern nationals) by Ansaru is a significant cause for concern for foreign companies operating in Northern Nigeria and elsewhere in Africa. This illustrates the transnational aspect of Ansaru (which is also cooperating with AQIM in Mali) and indicates that the modus operandi is not confined to Western companies, but is specifically targeting Western nationals. Local partnerships or “localized” companies are no defense in this targeting process.

Analysis: We do not yet have confirmation of Ansaru’s claim on 9 March that it executed 7 hostages in Bauchi, Northern Nigeria (British, Italian, Greek, Lebanese and Syrian nationals), though the claim is believed to be credible according to Western officials.

Ansaru is a new terrorist movement that emerged as a rival offshoot to Boko Haram, a largely Nigeria-focused Islamic militant group. Boko Haram has gained much attention for its emboldened activities over the past two years, but has now been overshadowed by Ansaru. Unlike Boko Haram, Ansaru represents a much broader threat to Western companies because it has more of a transnational bent. Its playing field is not limited to Nigeria. In fact, it has been operating together with al-Qaeda in the Islamic Maghreb (AQIM) and the Movement for Unity and Jihad in West Africa (MUJWA) in northern Mali. Its Nigeria operation represents only one faction of Ansaru.…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News