Shares in five Nigerian banks, which were bailed out by the government last week, have been suspended. Afribank, Intercontinental Bank, Finbank, Oceanic Bank and Union Bank shared in a 400bn naira ($2.6bn; £1.6bn) injection. The value of shares in the … read more
A new rebel group identified as the Urhobo Revolutionary Army, has sprung in the oil-rich Niger Delta region of Nigeria, claiming to fight for the rights of the Urhobo people for years of alleged injustices, exploitation and neglect. The new … read more
Tension overtook the re-run election in Ekiti North Senatorial, which was marred by violence and mal-practices as Ex-gov Adebayo was attacked and there were reports of sporadic shooting, especially in Ifaki Ekiti (around the palace of Olufaki, Oba Gabriel Agbaje), … read more
The Nigeria police, acting on orders from the presidency, Saturday raided the camp of suspected Islamic fundamentalist sect ‘Darullslam’ in Mokwa, northern Niger state, and dislodged its over 3,500 inhabitants without casualty, the private Punch newspaper reported Sunday. The raid, … read more
Boko Haram a militant group operating in Northern Nigeria whose activities led to the killings of over seven hundred Nigerians recently has issued a very frightening statement that they have declared jihad in the whole of Nigeria “which no force … read more
Polio, the dreaded paralysing disease stamped out in the industrialised world, is spreading in Nigeria. And health officials say in some cases, it’s caused by the vaccine used to fight it. In July, the World Health Organisation issued a warning … read more
Nigeria will be at the risk of plunging into crisis that could turn it into another Somalia if provisions of the laws are not respected in the 2011 elections, former Head of State General Muhammadu Buhari said yesterday. Buhari, who … read more
As there appears to be no seriousness in the submission of weapons by militants in the amnesty programme offered by President Umaru Musa Yar’Adua, leader of the Niger Delta Vigilante Movement, Mr. Ateke Tom , and the Joint Task Force(JTF) … read more
STRONG indications emerged yesterday that top politicians from the South South geo-political zone have started lobbying members of the leading militant group in the region, Movement for the Emancipation of the Niger Delta, MEND, for support ahead 2011 polls. Speaking … read more
Nigeria has mismanaged relations with Asian oil firms, failing to capitalise on deals which could have helped it develop infrastructure and leaving $20bn of investment at risk, think tank Chatham House said on Monday. Former Nigerian President Olusegun Obasanjo sought … read more