Two U.K. citizens were accused by the U.S. of taking part in a scheme to bribe Nigerian officials to win contracts in a $6 billion natural gas joint venture that included KBR Inc. Jeffrey Tesler, 60, of London, and Wojciech … read more
Nigeria is drawing up plans to defend the country’s banking system amid fears that bad loans racked up during a frenzy of stock market speculation could put some lenders in danger. Chukwuma Soludo, the governor of the Central Bank of … read more
Persons suspected to be ritualists chopped off the private part of a three-month-old baby boy at the Adankolo area of Lokoja, capital of Kogi State. The 13-year-old mother of the boy, identified as Grace, said to be mentally-imbalanced, was put … read more
Three people appeared Thursday before a court in Nigeria on murder charges for producing an adulterated infant teething drug that has killed 84 children since last November, court officials said. “Three suspects were charged with intention to murder and cause … read more
Foreign exchange transaction is enjoying boom on the black market as it becomes the alternative source, following the Central Bank of Nigeria (CBN) posture on interbank transaction. A news agency said the CBN sold $202 million at N146.02 to $1 … read more
An oil pipeline operated by the Royal-Dutch oil giant Shell that feeds into the key export Escravos terminal in southern Nigeria has exploded, curtailing production, a company spokesman said Tuesday. “A 24-inch trunkline exploded over the weekend,” Shell spokesman in … read more
Minister of Defence, Dr Mustapha Shetima, has stated that the rising spate of militancy in the Niger Delta, despite Federal Govern-ment’s intervention and effort aimed at ensuring rapid development of the region, is giving President Umar Yar’Adua some concerns. Particularly … read more
The Federal Government has declared Monday, March 9, as public holiday to mark Id-el-Maulud. Minister of Interior, Major-General Godwin O. Abbe, in a statement in Abuja conveying the announcement on behalf of the Federal Government, urged Nigerians to pray for … read more
A member of the Ogun State House of Assembly, Oluseyi Moses, on Tuesday, declared that all the 26 lawmakers in the state are financially fraudulent and should be immediately arrested by the Economic and Financial Crimes Commission (EFCC). Mr. Moses … read more
Nigeria’s oil workers on Monday gave notice they will mount a three-day strike later this month, complaining that authorities have failed to prevent a wave of kidnappings in the restive Niger Delta. The powerful white-collar Petroleum and Natural Gas Senior … read more