practiced by the maritime workers in the plant. There was a lot of equipment failure including failure of proper risk management, staff management. Also, it was having very poor maintenance and inspection, and general health and safety assessments. The BP has encountered great loss of reputation including financial crises which can be avoided by following proper safety culture. [15] Bhopal Incident: The chemical disaster at Bhopal, India which occurred on 2nd Dec 1984was the one of the deadliest incident
BACKGROUND OF STUDY Nigeria, the most populous black nation in western Africa is popularly known for her dominant source of revenue, crude oil with oil revenue as the main stay of the Nigerian economy, volatility in the price of oil are to a large extent of prime interest to economist. According to Adeniyi et al (2004), exchange rate appreciate in response to rising oil prices and depreciates in response to falling oil prices in oil producing exporting countries while the reverse is the case in oil importing
BACKGROUND OF STUDY Nigeria, the most populous black nation in western Africa is popularly known for her dominant source of revenue, crude oil with oil revenue as the main stay of the Nigerian economy, volatility in the price of oil are to a large extent of prime interest to economist. According to Adeniyi et al (2004), exchange rate appreciate in response to rising oil prices and depreciates in response to falling oil prices in oil producing exporting countries while the reverse is the case in oil importing