The militant group behind some of the worst attacks on Nigeria’s oil infrastructure and the kidnap of oil workers has announced a ceasefire. The group, the Emancipation of the Niger Delta (Mend) said it followed an appeal made by elders … read more
There are mounting concerns in the country over attacks by Niger Delta militants on oil flow lines and installations particularly on Nigeria�s deep offshore platforms. Most analysts now see the attack on offshore platforms as not just an attack on … read more
The Niger Delta Development Commission (NDDC) is to receive $405.774 million from oil companies operating in the Niger Delta region this year. This fact emerged yesterday during the presentation of NDDC’s 2008 budget to the National Assembly. Of the amount, … read more
To check the unending rise in crude oil prices, the United States has asked countries to �reduce untargeted subsidies� in a �reasonable and timely way�. But the one-day summit of oil producers and consumers held in Jeddah, Saudi Arabia, yesterday, … read more
The spate of kidnappings, which had hitherto abated for sometime resurfaced yesterday as gunmen in Elelenwo, Rivers State, abducted Mr. Alawari Ndu, the younger brother to the state�s Chief Judge, Justice Iche Ndu. The incident, which was said to have … read more
Nigerian President Umaru Yar’Adua has ordered a military offensive to curb the rising mayhem in the oil-rich Niger Delta. The action comes days after oil rebels attacked a key petroleum facility in the region. Gilbert da Costa has more for … read more
Security operatives in the Niger Delta may have begun a manhunt for the militants behind the unending spate of attacks on oil installations in the region. It was gathered that the efforts were being coordinated by the Joint Task Force … read more
See below for TWO press releases issued today by Jomo Gbomo. I have posted them in the order in which they were received yesterday. Chief From: Jomo Gbomo Sent: Saturday, June 21, 2008 4:25 PM Subject: Chevron Pipeline Attack Heeding … read more
The General Manager, Nigerian Agip Oil Exploration, Mr. Richard Ogunde, on Friday in Ijebu Ode, Ogun State said Nigeria�s oil reserve had only 43 years to dry up. The News Agency of Nigeria reports that Ogunde made the disclosure in … read more
2007, a BusinessDay investigation has revealed reveal. Business leaders who spoke to BusinessDay attributed the rise in diesel consumption to the to booming sale of high capacity and diesel consuming generators in the face of the worsening power situation in … read more