Nigeria’s interbank foreign exchange market remained frozen yesterday as dealers waited to see how the central bank would act to stabilise the local naira after it fell sharply against the dollar. Bank governor Chukwuma Soludo said on Wednesday the central … read more
The Lagos State Government has said that the Eko Bridge will be shut from Friday for three days to allow for repair works on a section of the bridge. The rehabilitation will be done in collaboration with the Federal Ministry … read more
The challenges facing the economy in the coming year in the face of dwindling oil prices was underscored yesterday as the naira lost 962 kobo to the dollar at the Nigerian Inter-Bank Foreign Exchange Market (NIFEX), the highest single loss … read more
Rivers State Commissioner of Police, Mr. Bala Hassan has said that hostage taking is on the decline in the state. According to Mr Hassan who gave figures to support his assertion, in the last six months, recorded only thirty nine … read more
A Bulgarian worker kidnapped in Nigeria and held for 10 days before being freed on November 30 described his ordeal in an interview with the daily Trud published Wednesday. “I spent 10 days between life and death,” engineer Emil Tsvetkov, … read more
THE Nigerian Navy is currently entangled in a potentially dangerous land dispute with a rustic local family in the Rivers State axis of the Niger Delta, Nigeria’s main oil and gas region that is home to rampaging insurgents galvanised by … read more
The 46-member Technical Committee on the Niger Delta yesterday submitted its report, recommending open trial or bail for a leader of the Movement for the Emancipation of Niger Delta (MEND), Mr. Henry Okah, as one of the keys to quelling … read more
Authorities in a Nigerian state rocked by sectarian clashes that left hundreds dead at the weekend announced the arrest on Tuesday of 16 “mercenaries” from neighbouring Niger. Nuhu Gagara, commissioner of information in the central Plateau state, accused those arrested … read more
Kidnappers have freed a Bulgarian engineer who was abducted last month in Nigeria’s oil-rich Niger Delta, the Bulgarian Foreign Ministry said on Tuesday. Eight gunmen seized the man in the southeastern state of Abia two weeks ago, demanding 500 million … read more
THE Federal Government, yesterday, deployed 140 armed troops in the troubled city of Jos, capital of Plateau State, to stem the riots which the state government said had claimed about 200 lives as at yesterday. The Assistant Inspector-General of Police … read more