A self-styled Nigerian prophet, Efe Ese, who claims he specialises in exorcising evil spirits with his penis, has found himself in the grips of the police after stealing from one of his victims. Efe, by his trade, hypnotised women he … read more
Members of the Ijaw Youth Council in Bayelsa State yesterday shut down the Niger Delta Development Commission (NDDC) Secretariat and blocked the Chief Melford Okilo road disrupting traffic for several hours. Spokesman of the council, Bolouokpo Subai said they were … read more
As experts have begun raising alarm over Nigeria’s depleting foreign reserve, it has become one area that the Goodluck Jonathan administration has a question to answer and this bothers on effective management of the reserve. According to the Central Bank … read more
After much controversy, indications are that the Nigerian government will finally remove fuel subsidy 1 April 2012, going by statements credited to the Group Managing Director of the state-run Nigerian National Petroleum Corporation (NNPC), Mr. Austin Oniwon. “I think what … read more
The Nigerian Content Development and Monitoring Board (NCDMB) Tuesday said Nigeria had recorded an estimated capital flight of about $380 billion between 1956 when oil was discovered and 2006 before the Nigerian content policy was initiated. The board also stated … read more
President Goodluck Jonathan has set out plans to stop the importation of cement by the first quarter of 2012 as Lafarge begins production of 2.5 million metric tons of cement per annum at its new Ewekoro plant in Ogun State. … read more
Nigeria has long subsidized fuel for its citizens. The cost of the subsidy is high, and economists and the international financial institutions have argued for many years that it significantly distorts the economy. Since the establishment of civilian government in … read more
Managing Director of International Monetary Fund (IMF) Christine Lagarde yesterday warned the Federal Government that Nigeria may be on the receiving end of the economic shock from Europe because of the volume of her trade all over the world. Lagarde … read more
The Nigeria Bar Association (NBA) yesterday said it will not support the planned removal of subsidy on petroleum by the federal government, which it said amounts to ₦1.3 trillion. This is as the association said revolution like what happened in … read more
Nigeria yesterday took another giant leap on space technology: It returned to space with the successful launch of the Nigeria Communication Satellite (Nigcomsat-1R) into the orbit. At exactly 5.40pm, Nigeria’s replacement communications satellite, Nigcomsat 1R, was successfully launched into space. … read more