The Central Bank of Nigeria has banned oil firms, oil service companies, and govt agencies such as the Nigerian National Petroleum Corporation, the Nigerian Ports Authority, etc from selling foreign exchange directly to banks. This makes theCBN the only official … read more
The hide-out of the Niger Delta’s most notorious militant group headed by Woki Godswill Ibralayu has been raided by the Nigerian Army in what has been described as ’operation fire-for-fire.’ The raid left six rebels dead and Mr. Woki Godswill … read more
Following concerns expressed by Amnesty International over his decision to push for capital punishment for kidnappers, Rivers State governor, Hon. Chibuike Rotimi Amaechi, has again adduced reasons why kidnappers should be made to pay the ultimate price. Amaechi, who spoke … read more
As Governor Amaechi’s rampaging bulldozer had destroyed properties worth millions of naira in Njamenze and Abnormal Warf axis in Port Harcourt, there are fresh reports that an estimated seventeen (17) other waterfronts may be affected in the demolition policy of … read more
Following increase in cases of kidnapping and hostage taking in several parts of the country for ransom particularly in the Niger Delta and South East areas, and the difficulty in tracking the hoodlums, the Inspector General of Police, Mike Okiro … read more
Nigeria’s main militant group on Saturday threatened to sabotage a multi-billion dollar plan to pipe Nigerian gas to Europe across the Sahara desert, a scheme that has attracted EU and Russian energy majors. The project, with capital costs estimated at … read more
Five persons were feared dead in Yenogoa, the capital of Bayelsa State in the early hours of yesterday when two armed groups engaged themselves in a prolonged shootout. The incident, which occurred at Okaka-Epie community, came just a week after … read more
Delta state Governor, Dr Emmanuel Uduaghan, and Governors Timipreye Sylva of Bayelsa and Rotimi Amaechi of Rivers have censured the British Foreign office travel advisory to their nationals and investors against visiting the Niger Delta as hurting investment in the … read more
The strike embarked upon by Nigerian teachers mid-week and the decision of an appeal court to uphold the earlier ruling of an election tribunal, upturning the election of the governor of south-west Ondo state, filled the nation’s dailies. Earlier in … read more
Nigeria’s crude oil exports were expected to rise to about 1.88 million barrels per day (bpd) in April from 1.70 million bpd in March, trade sources said on Friday. The expected April export figures exceed the implied target of 1.67 … read more