European donors may cut funding for Nigeria’s anti-corruption police next year if the government does not show clearer results in its fight against graft, Western diplomats say. The European Union is by far the biggest foreign donor to Nigeria’s Economic … read more
KBR Inc. and its former parent, Halliburton Co., agreed to pay $579 million to resolve U.S. criminal and regulatory charges that the engineering company bribed Nigerian officials to win more than $6 billion in contracts to build a liquefied natural-gas … read more
Nigerian drug regulators have announced they have arrested 12 people in connection with the poisoning of 111 babies with a tainted medicine. The National Agency for Food and Drug Administration and Control (Nafdac) said the accused faced 15 years in … read more
President Umaru Yar’Adua has proposed a pay slash for political office holders nationwide due to the global financial meltdown, local media reported on Wednesday. Addressing his ministers, Special Advisers, Senior Special Assistants and Special Assistants on Tuesday at the Presidential … read more
Royal Dutch Shell Plc, Europe’s largest oil company, said it may miss deliveries of Bonny Light crude oil from Nigeria through March because of security concerns. Shell issued a force majeure declaration, allowing it to suspend contractual sales obligations for … read more
Citing the heightened insecurity, coupled with the threat by the militant Movement for the Emancipation of the Niger Delta (MEND) to declare “sweeping assault” on the Nigerian oil and gas industry, companies operating in the region may have suspended further … read more
Leaders of Nigeria’s two oil unions will meet to decide on a strike planned to protest rising insecurity in the Niger Delta, a union official said. Babatunde Ogun, president of the white-collar Petroleum and Natural Gas Senior Staff Association of … read more
Nigeria’s central bank further tightened its currency controls on Tuesday, effectively shutting down the interbank foreign exchange market and cutting the amount of U.S. dollars commercial banks can hold. The move is the latest effort by the central bank to … read more
The management of Shell Petroleum Development Company is set to evacuate its staff from the volatile oil locations in the Niger Delta ahead of the February 14 deadline given by a militant group in the region to the Anglo-Dutch oil … read more
The 3 day warning strike threatened by workers under the aegis of Petroleum and Naural Gas Senior Staff Association of Nigeria (PENGASSAN) and National Union of Petroleum and Natural Gas Workers (NUPENG) to drive home their point over insecurity in … read more