Nigerian oil services firms are set to gain the most from plans to increase local participation in the industry but funding their growth could prove a challenge, executives and government officials said on Thursday. Wide-ranging reform plans for Africa’s biggest … read more
Umaru Yar’Adua, Nigeria’s ailing president, returned home on Wednesday after a mysterious three-month absence, marking the latest twist in the political saga over who leads Africa’s most populous country The unexpected homecoming came just two weeks after a handover of … read more
“Nigeria is a child. Gifted, enormously talented, prodigiously endowed and incredibly wayward,” – these are the words of Chinua Achebe, in his newly published The Education of A British-Protected Child: a collection of essays which was excerpted in the Guardian … read more
South governors, Saturday, warned their colleagues in the north and other leaders to desist from making “inflammatory” and “divisive” statements over the decision of the National Assembly to empower Dr. Goodluck Jonathan as acting president. The governors said such statements … read more
The return of Nigeria’s ailing president after a three-month medical absence sets the stage for a showdown over who will ultimately call the shots in Africa’s most-populous nation. President Umaru Yar’Adua, who had been receiving treatment in Saudi Arabia, returned … read more
The United States said on Wednesday reports suggested Nigerian President Umaru Yar’Adua may be too ill to resume office and said it hoped his return was not a bid by those around him to trigger renewed uncertainty. “We hope that … read more
The Nigerian senate on Wednesday voted to amend the constitution setting a time limit of 14 days within which the president must formally notify the parliament of any inablity to perform his functions. The vote came as President Umaru Yar’Adua … read more
Anglo-Dutch oil group Shell pledged Wednesday to assist Nigeria to harness its vast natural gas resources to boost electricity in the power-starved west African country. Nigeria, rich in oil and gas resources, currently produces less than 3,000 megawatts of electricity … read more
AMIDST widespread doubts, fears and misgivings over the purported return yesterday of President Umaru Musa Yar’Adua to Nigeria, in the dead night, indications are that, at best, the country may have only graduated from absentee Presidency to a phantom alternative. … read more
A former Nigerian state governor who serves as ranking member of the nation’s ruling party was arrested for allegedly embezzling $100 million of government money meant for public projects, an anti-corruption official said Tuesday. Agents from the Economic and Financial … read more