Nigerian Oil Unions Suspend Industrial Action Over Pensions

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Nigeria’s oil unions called off a four-day strike, averting a threat to exports from a nation whose shipments equate to about 2 percent of global demand.

The Pengassan union that represents managers and blue-collar Nupeng oil union suspended industrial action after talks with Petroleum Minister Diezani Alison-Madueke and state-owned Nigeria National Petroleum Corp.