Labour stood firm last night against deregulation. Nigeria Labour Congress (NLC) leaders rose from a crucial meeting in Abuja, saying no to fuel price increases – the likely fallout of a deregulated downstream sector of the oil industry. They set … read more
The Nigerian company Allied Energy and Italian oil and gas major Eni (ENI.MI) have started pumping oil from Nigeria’s offshore Oyo oilfield with an initial output of about 25,000 barrels per day (bpd), Eni said on Tuesday. Eni, which has … read more
Nigeria’s military has destroyed about 600 illegal oil refineries in the Niger Delta and arrested seven oil thieves, the military said on Tuesday. Details of the refineries were not immediately available, but industry officials said they could be makeshift structures … read more
Despite claiming ignorance of the near air disaster of last Sunday, the Nigeria Airspace Management Agency (NAMA) has launched an investigation into what led to the temporary breakdown of the radar at the Murtala Muhammed International Airport, Lagos (MMIA). Many … read more
Ailing Nigeria’s President Umaru Yar’Adua may act this week to stem the worsening constitutional and governance crisis caused by his illness by moving to empower his deputy to act for him while he recuperates from his sickness, the local press … read more
ANOTHER round of fuel scarcity became apparent nationwide, Monday, 10 days to Christmas, leaving commuters stranded, businesses paralysed and Nigerians fleeced at the few filling stations where the product was available. Checks revealed that in view of the current realities, … read more
The new head of the International Atomic Energy Agency (IAEA) used his first official foreign trip on Monday to spotlight Nigeria’s nuclear energy ambitions, keeping quiet on other international issues. Yukiya Amano met Nigerian Vice President Goodluck Jonathan to discuss … read more
Nigeria have rejected the kit currently being marketed worldwide as their 2010 World Cup jerseys, saying a new design had yet to be signed off with kit makers adidas. The ‘new’ kit has been on sale in stores worldwide, and … read more
Plateau State Governor Jonah Jang on Sunday in Kaduna said the absence of President Umaru Yar’Adua had left the nation without a clear direction. Jang urged all Nigerians to embark on special prayers for peace and stability in the nation. … read more
Three of the world’s biggest oil companies are poised to pay hundreds of millions of dollars to hold on to prime concessions in Nigeria following keen Chinese interest in the planet’s 10th richest crude reserves. ExxonMobil, the largest US oil … read more