Shell on Thursday announced it had lifted force majeure on the export of Nigeria’s benchmark Bonny Light crude oil, almost two months after militant attacks on a pipeline. Such attacks targeting the oil industry in the Niger Delta in recent months have caused Nigeria to lose its position as Africa’s largest oil producer. Oil provides 70 percent of the federal government’s revenue. Late last month, Finance Minister Kemi Adeosun said the recent attacks on facilities of U.S.-based Chevron, Dutch-British Shell and Italian Agip cost the government nearly $60 million in May alone. Militants have said they want a bigger share of Nigeria’s oil wealth for residents of the Niger Delta. They also are angry about cuts to an amnesty program that paid militants to guard the installations they had attacked in the past. The recent attacks have stopped production at two of Nigeria’s five oil […]