Nigeria’s main rebel group, the Movement for the Emancipation of the Niger Delta (Mend), is threatening to call off its ceasefire with the government if foreign oil companies do not leave their land. Henry Okah, the group’s leader, told Al … read more
November 1 came and went yesterday without the official take-off of the much-expected deregulation of fuel prices, but petroleum marketers in various parts of the country were selling Premium Motor Spirit (PMS) otherwise known as petrol at different rates. The … read more
The effort of the Federal Government to realise its target of 6, 000 megawatts of electricity before the end of the year received a major boost, weekend , when Lagos state government unveiled the first set of electric transformers made … read more
The N10 billion that vanished from the accounts of the National Automotive Council as well as the N4.9 billion that disappeared from the accounts of the National Sugar Development Council were both spirited away during the Obasanjo administration, Minister of … read more
The Nigeria Labour Congress (NLC) has threatened to embark on an industrial action, that would cripple economic activities nationwide if the Federal government dares to implement what it described as ‘anti-people policies.’ Over three thousand workers and civil society allies … read more
As part of its preparation towards the commencement of deregulation of the down stream sector, the federal government has banned the importation of finished petroleum products for one month. This was disclosed yesterday by the executive director of Petroleum Products … read more
Royal Dutch Shell Plc has said that it will fight any possible efforts by the Federal Government to hand over the control of its Nigerian oil fields to Chinese oil companies. This is coming as the Europe’s largest oil company … read more
Nigeria Wednesday approved massive infrastructure projects, worth a total of N179,133,700,684.11 (N179.13 billion or a little over US$ 1 billion), for the execution of 44 projects in the nine states in the Niger Delta region as part of the post-amnesty … read more
KIDNAPPERS of the 78-year-old father of embattled governorship candidate of the Peoples Democratic Party, PDP, in Anambra State, Professor Chukuma Soludo, yesterday, demanded N500 million ransom for the release of the septuagenarian. The kidnappers who made the demand through a … read more
A medical laboratory in Lagos has reported that the swine flu virus was detected in a Nigerian patient in July this year. Pamela Ajayi, the managing director of Pathcare Laboratory, reported that the girl, whose name she withheld for ethical … read more