Workers in the oil and gas sector on Thursday, assured Nigerians that the proposed increase in petroleum products prices would not be effected without the approval of labour unions. Reacting to the proposal by the National Economic Management Team (NEMT) … read more
A British court has convicted two Nigerian woman of laundering 14 million pounds on behalf of a powerful politician who is wanted in both London and Abuja over allegations of corruption. The case complicates the affairs of James Ibori, a … read more
President Goodluck Jonathan on Tuesday asked the parliament to reduce the benchmark oil price of 67 dollars on which the 2010 budget was based, because of falling oil prices in the world market. In April, Jonathan signed into law a … read more
President Goodluck Jonathan’s grip on power has reduced uncertainty since he took office a month ago, but with fiercely contested elections just around the corner, this could be the calm before the storm. Some foreign investors have started returning to … read more
A U.K. jury has convicted the sister of a former Nigerian governor on charges of money laundering and mortgage fraud. Christine Ibori-Ibie, sister of politician James Ibori, was found guilty Tuesday of 12 charges stemming from allegations she helped her … read more
Everton have taken issue with Nigeria over the omission of Victor Anichebe from their World Cup squad through injury. The Everton striker was one of the most notable omissions when Swedish boss Lars Lagerback named his final 23-man party, particularly … read more
The southern Nigerian oil state of Bayelsa accused its deputy governor of misconduct on Tuesday, deepening a political standoff and heightening the risk of unrest ahead of elections next year. World Police bolstered security around Government House and the House … read more
Nigeria’s central bank is extending a 500bn naira ($3.3bn; £2.3bn) bail-out to its troubled airlines. The fund, first announced in March, was originally meant to stimulate credit to the power and manufacturing sectors. The country’s aviation industry, already hit by … read more
A spokesman for the Nigerian Federal Ministry of Environment has said a cloud of poisonous chlorine gas that swept over a densely-populated suburb of the northern city of Kaduna over the weekend has been brought under control. About 300 people, … read more
To stem the tide of extra judicial torture in the country, the Federal Government, has begun the probe allegations against security agencies in the country. Chairman of the National Committee on torture, Samson Sani Ameh, told the NEXT in a … read more