The oil and gas conglomerate and Fifa, the world governing body, sign major sponsorship agreement
With oil prices above $120 a barrel, Vice President Goodluck Jonathan said the lost oil costs Africa's most populous country 8 billion naira ($67.8 million) per day.
"It is very disturbing that a few weeks ago, for the first time, Nigeria's daily oil production dropped to below 1.8 million barrels per day," Oil Minister Odein Ajumogobia told reporters on behalf of the vice president.
"We all agree that the issue in the Niger Delta needs to be urgently addressed."
Kidnappings, pipeline bombings and oilfield raids in the delta, the heartland of Nigeria's oil production, have slashed a fifth of the OPEC member's production since early 2006 and helped push international oil prices to record highs.
The militants say they are fighting for a greater share of the region's oil wealth after decades of neglect, but the breakdown of law and order in the delta has allowed criminal gangs to thrive by kidnapping for ransom and stealing crude.
President Umaru Yar'Adua took office more than a year ago pledging to address the root causes of the instability, but plans for a long-delayed peace summit have fallen into disarray and criminality in the region appears to be increasing.
The Movement for the Emancipation of the Niger Delta (MEND), the country's most prominent militant group, threatened on Monday to attack foreign workers with construction firm Julius Berger JUBR.LG if it does not halt operations in the capital Abuja within a week. [nL4243777]
The oil and gas conglomerate and Fifa, the world governing body, sign major sponsorship agreement
Toomaj Salehi risks being hanged after the conviction on the Shariah charge of "corruption on Earth" by a Revolutionary Court
Aid groups warn any invasion would add to already-catastrophic conditions for Gaza's 2.4 million people
The American they will face Australia and Serbia on July 15 and July 17 as part of their preparation for the Paris Olympic Games
The leaders emphasise that the deal to release the hostages would bring an immediate and prolonged ceasefire in Gaza
Dubai-based Sumit Augustine has had a philosophical approach towards spending
The regional upswing also defies oil production cutbacks
It's a treatise that would determine the course of your life, not just academically, but as a person too