Despite Federal Government’s position on decongestion of prisons across the country, about 97 under-aged persons are said to be under detention at the Port Harcourt Maximum Security Prisons. This revelation was made by the Committee for the Defence of Human … read more
The management of NigComSat Limited has appealed to the House of Representatives Commi-ttee on Science and Technology to prevail on the Federal Executive Council (FEC) to approve the utilisation of $500 million (N59 billion) concessionary loan for the construction of … read more
Gunmen in Nigeria have released a cargo ship and its crew, a day after hijacking it in the restive Niger Delta, a senior military official said on Tuesday. The attackers intercepted the MV Thou Galaxy on Sunday as it sailed … read more
A Chevron Corp. (CVX) unit said late Tuesday it was declaring force majeure on 90,000 barrels a day of its Nigeria gross production after a pipeline was breached in the western part of the Niger Delta. In an e-mailed statement, … read more
The freefall of crude oil prices in the international market in the last few weeks has brought down the landing cost of petrol to below N50 per litre or N20 less than the current pump price of petrol in Nigeria, … read more
Inflation which has maintained an upward trend since the beginning of the year accelerated to 14.7 percent in October as against 13 percent recorded in September, the National Bureau of Statistics (NBS) confirmed Tuesday. The NBS in Abuja yesterday indicated … read more
UPDATE 14:30hrs This vessel has now been freed with all crewmembers on board. Gunmen have hijacked a cargo ship in the Niger Delta and kidnapped at least ten people on board, a Nigerian military spokesman said on Monday. The attackers … read more
Year-end issues has created stalemate for Nigerian crude Free On Board (FOB) market as more than 20 crude cargoes (about 950,000 barrels) still remained unsold from Nigeria’s December loading programme as a result of lack of demand, a trader said. … read more
The United States (U.S.) pledged on Monday to assist Nigeria achieve the required standards in aviation safety and infrastructure. U.S. Ambassador to Nigeria, Robin Renee Sanders, made the promise in Abuja at a workshop jointly organised by the U.S. Federal … read more
After what seemed like an indefinite wait, President Umaru Yar’Adua yesterday handed over the list of new ministerial nominees to the Senate President, David Mark, who in turn is expected to table it before the Senate today. Daily Independent gathered … read more