Aero Contractors rotary wing, which carries out over 35 per cent of offshore shuttle services for oil and gas companies, has lost a major Shell contract to Caverton Helicopters and multibillion naira major services in the off-shore operations. THISDAY learnt … read more
President Goodluck Jonathan risks sectarian clashes when he announces whether he will seek election: in the Muslim north if he does, and in his native oil- rich Niger River delta in the south if he doesn’t. Unrest in the delta … read more
Aero Contractors has severed relationship with its helicopter supplier and oil and gas operations partner, Canadian Helicopters Corporation (CHC), over irreconcilable differences, BusinessDay has learnt. The details of what led to the severance of relationship between the two companies were … read more
SOME of the loans Nigeria is currently re-paying were obtained immediately after it attained independence in October, 1960, according to Dr Abraham Nwankwo, Director-General of the Debts Management Office (DMO). Nwanwko, speaking at a News Agency of Nigeria (NAN) forum … read more
Politicians from northern Nigeria on Friday accused President Goodluck Jonathan of ordering corruption investigations against those opposed to his candidacy in upcoming elections. The country’s anti-graft agency strongly disputed the accusation, which comes amid divisions in Jonathan’s ruling Peoples Democratic … read more
Nigerian police on Friday named three rival gang members as suspects in the murder of a notorious ex-militant, whose killing has sparked fears of fresh violence in the country’s oil-producing region. Pere Fiofori, Emmanuel Gladstone and Dobra Ogbe — aged … read more
A Nigerian man has been sentenced to more than 12 years in US prison for orchestrating an advance payment scam that bilked victims out of more than $1.3m. Okpako Mike Diamreyan, 31, was ordered to serve 151 months in federal … read more
Nigeria’s economy will hit double-digit growth by the end of 2011 or early 2012, the country’s finance minister has told the BBC. Olusegun Aganga’s prediction comes after the Nigerian economy grew by more than 7% in the first half of … read more
The federal government at the weekend filed two different sets of charges in two courts in Abuja, against some men alleged to have been implicated in the Halliburton bribery scandal. This may well put an end to speculations that the … read more
The ex-militants stood in line like school children waiting to enter a camp and learn to abandon violence, but the question of who killed one of their leaders threatened the uneasy arrangement. “If at the end of the investigation the … read more