Financial and Economic experts have been suggesting ways out of the continuing depreciation of the Naira, the Nigerian currency, saying reduction in importation of non-essential goods and excessive frivolous foreign trips by politicians and government officials have had a negative … read more
Ahead of the next official trading on Monday, the naira showed signs of response to policy reversal by the Monetary Policy Committee (MPC), appreciating N2.66 yesterday to close at N150.1625 at the inter-bank foreign exchange (forex) market. The MPC had … read more
The Joint Task Force (JTF) in Rivers State yesterday took the fight once more to the creeks, as they raided Ajakajak, Udungama and Okukpor in Andoni Local Government Area, Rivers State where one militant leader, Mr. George Adumu was feared … read more
Minister of Aviation, Babatunde Omotoba, has said the Lagos and Abja airports part of the Total Radar Coverage of Nigeria (TRACON) would be ready in April, while the rest that would cover the whole parts of the country would e … read more
A note from Chief: For full MEND Statement – see bottom of this page (AP) — Militants said Sunday that the Nigerian military botched a rescue mission aimed at liberating two British hostages held captive in Nigeria’s restive southern oil … read more
Police authorities in Nigeria have rescued 17 suspected victims of human trafficking, including a nine year old, from a bus which crossed the Nigerian border from Benin. Two suspects arrested by the police say the boys were being taken to … read more
Nigeria’s presidency declined to comment on a newspaper report on Friday that President Umaru Yar’Adua would spend eight weeks abroad having medical checks from January 26. The Business Day newspaper quoted a special assistant in the presidency as saying that … read more
The Nigerian Navy confirmed yesterday that it was making more deployments to the Niger Delta area in its bid to consolidate on the gains to curtailing to a large extent, the fight against illegal bunkering, kidnapping and hostage taking as … read more
STATES in the Niger Delta are mobilising resources to bring the menace of militants, especially kidnapping to an end. The Akwa Ibom State Commissioner for Women Affairs, Mrs. Eunice Thomas, who made this known yesterday in Uyo at the second … read more
The country may soon be thrown into another fuel crisis as Major Oil Marketers Association of Nigeria (MOMAN) and other importers of petroleum products said they could no longer participate in the importation of petroleum products with regulated pump prices … read more