A unit controlled by Eni SpA said Monday it reached a settlement worth $32.5 million with Nigerian authorities to end an investigation into corruption. Snamprogetti Netherlands BV said it agreed to pay a criminal penalty worth $30 million and $2.5 … read more
The oil spill incidents in Nigeria have hit 3,700 in mid-December 2010 even as the federal government at the weekend commenced the review of national action plan for oil spill preparedness and response. Director, Department of Oil Spill Detection and … read more
Netherlands is worried over the constant kidnapping of oil workers and bombing of pipelines by militants in the Niger Delta region of Nigeria. In order to get balanced and unbiased reports on the current situation in the region and put … read more
Thousands of intending passengers to European countries got stranded in the Murtala Muhammed International Airport, Lagos on Sunday as severe winter in Europe led to flights cancellations and shut down of many airports. The passengers who had thronged to the … read more
The United States has begun evacuating dependents and non-emergency personnel from its embassy in Abidjan, the capital of Cote d’Ivoire. U.S. State department spokesperson Philip Crowley told newsmen on Friday that Under Secretary for Management, Pat Kennedy, approved the authorised … read more
Action Congress of Nigeria (ACN) has described the lingering intra-party acrimony within the ruling Peoples Democratic Party (PDP) as capable of undermining the very existence of the country, if it was not put in check.The party, in a statement issued … read more
The Nigerian naira could weaken to its lowest level this year next week with no more central bank forex auctions scheduled, but other African currencies are seen stable or stronger as the holiday season approaches. NIGERIA The naira NGN=D1 is … read more
Militants on Saturday claimed to have attacked three pipelines operated by the US oil giant Chevron and Italian firm Agip in Nigeria’s oil hub. The Niger Delta Liberation Force (NDLF) said it staged the attacks on Friday in the key … read more
In the dusty streets of northeastern Nigeria, far from the battlegrounds of Afghanistan, a group known as the Nigerian Taliban is waging war against a government it refuses to recognize. The radical Muslim sect called Boko Haram was thought to … read more
The Nigerian man accused of attempting to bomb a Northwest flight bound for Detroit on Christmas Day last year is moving toward trial and hasn’t been in plea negotiations with prosecutors, his standby lawyer said Thursday. Umar Farouk Abdulmutallab appeared … read more