Despite paying off its Paris Club debt in 2006, Nigeria still owes an external debt of US$3.97 billion, according to Finance Minister Mansur Mukhtar. Addressing a House of Representatives Committee hearing, the Minister said the debt comprised US$2.093 billion owed … read more
Nigeria’s power supply dropped again to 2500mw yesterday and may drop even further as oil giant Shell, the major gas supplying company in the country, has given the Power and Petroleum Resources Ministries up to this weekend to evacuate the … read more
Soldiers have moved in to halt a confrontation between Christians and Muslims at a cemetery near the city of Jos, where religious tensions are high. Christians were trying to stop Muslims from burying a dead child in the Naraguta area. … read more
Acting President Goodluck Jonathan appealed to Nigerians on Monday to stop putting adverts in newspapers to congratulate him on his new role. World Such adverts are a common way for Nigerians to try to curry favor with new administrations in … read more
Nigerians may go to the polls to elect their next president and governors in November 2010 instead of April 2011 if signals emanating from the Senate and House Committees on the review of the constitution are anything to go by. … read more
Nigeria’s leadership of Economic Community of West African States (ECOWAS) was extended for another year last night as Acting President Goodluck Jonathan was elected the new chairman of the sub-regional body. Ailing President Umaru Musa Yar’Adua had steered the ship … read more
The controversial and highly wasteful petroleum subsidy regime in Nigeria will come to a quick end soon following Monday’s crucial meeting between Acting President Goodluck Jonathan and his economic management team (NEMT), government sources told BusinessDay last night. It was … read more
Shell should link relevant executives’ pay to progress on environmental issues in the Niger Delta, a highly critical report published yesterday recommends. The benefits of the oil industry’s operations in the region are outweighed by the environmental and social costs, … read more
Nigerian MPs who travelled to Saudi Arabia to meet President Umaru Yar’Adua returned home after a week without being able to see the ailing leader, reports said today. The delegation from the lower house of parliament was able only to … read more
Acting President, Goodluck Jonathan, has had his elevation backed by “force of law”, according to the Guardian on Sunday. The paper said that the new development followed a letter that was sent to the Secretary to the Government of the … read more