kidnappings and demand for ransom that has gained ground among the militants of the Niger Delta are gradually creeping into the South-West, particularly Lagos. For instance, two men are currently in the custody of the Lagos State Police Command over … read more
Kere-Ekiti was still groan ing yesterday under the weight of Saturday’s peaceful protest that turned violent. The government has imposed a dusk-to-dawn curfew on the town. The protest was against government’s bid to relocate the College of Education government to … read more
Value of equities trading on the Nigeria Stock Exchange dipped by N2.2 trillion in January alone, heightening fears of an imminent crash.The crash scare is coming as stock analysts say the loss of 14 per cent of the market value … read more
Nigeria plans to launch its first international Naira-denominated bond within six months, dismissing concerns that the global financial crisis and the country’s exposure to falling oil prices will starve the $500m offer of buyers. The government says the planned 10-year … read more
The Nigerian Army said it was not withdrawing troops deployed to Nigerian riot city of Jos to maintain peace, reported the News Agency of Nigeria on Saturday. Ufuoma Macaulay, Commander, 3rd Armored Division Internal Security Task Force, told reporters in … read more
Worried by the rising crime waves and growing public concerns, the Federal Government has approved community policing through a new security group, Vigilante Group of Nigeria, VGN. Officials of the group confirmed that thousands of responsible locals will be trained … read more
Most residents of the commercial town of Onitsha are presently living in fear following alleged witchcraft attack on residents. The affected residents complained of nightmare and a geometric decline in their fortunes and attendant ugly experiences in their lives. They … read more
Nigeria’s largest oil producer, Shell, which until a few years ago was producing about 1 million barrels of crude oil a day from its operations in the Niger Delta, saw its output decline drastically to some 360,000 b/d in 2008. … read more
The main militant group in Nigeria’s restive southern region called off a unilateral cease-fire Friday after its fighters clashed with government forces, threatening to sink the hub of Africa’s biggest oil industry further into chaos. The Movement for the Emancipation … read more
A strike by workers’ at Nigeria’s first national telephone carrier Nitel is playing havoc with the country’s main gateway for international calls and Internet connections, telecoms operators said on Friday. The South Atlantic Terminal III (SAT-3) key underwater cable has … read more