The Chief of Army Staff, Lt.-Gen Luka Yusuf, has said there will no longer be any military coup in Nigeria because the military has been professionalised. Yusuf gave the assurance on Tuesday in a keynote address at the First Annual … read more
PROPOSALS for a new federal revenue sharing formula giving the Federal Government 53.69% are now before the Senate. Under the proposals, states are to receive 31.10% while local governments will get 15.21%. The current formula is: 52.68% for the Federal … read more
The Nigerian government announced an investigation Monday into how a series of oil exploration contracts were awarded in Africa’s biggest crude producer. Chinese and Indian-led consortia were the big winners in the 2007 auction for prospecting rights in 45 as-yet-untapped … read more
IN a bid to clear the air on speculations and counter speculations over the handling of investigations into the conduct of the 2007 oil and gas blocks licensing round, the Federal Government has ordered the Director of the Department of … read more
Former governor of Rivers State, Dr. Peter Odili, and former Minister of Transport, Dr. Abiye Sekibo, will today take the centre stage at the Justice Kayode Eso-led Rivers State Truth and Reconciliation Commission in Abuja. The commission relocates to Abuja, … read more
THERE was apprehension by oil companies in the Niger Delta on Monday, less than 48 hours after youths in the region withdrew from peace talks with the Federal Government Investigations by our correspondent showed that the oil operators were apprehensive … read more
IJAW militants from Egbema in Edo State, yesterday, said they bombed an NNPC pipeline, supplying crude oil to the Kaduna Refinery in Ovia North East Local Government Area of Edo State, weekend, because of the insistence of the Federal Government … read more
Russian oil giant, Gazprom, is among several foreign companies jostling to replace Royal Dutch Shell in Ogoniland following Federal Government�s decision to award the oil fields to another company. THISDAY was also informed that many Chinese companies have indicated interest … read more
ANGOLA, a resource-rich former Portugese colony was in the news recently as having taken over the reigns of leadership from Nigeria as the leading crude oil producer on the African continent. For a country which barely five years ago was … read more
The peace initiative of the Federal Government in the Niger Delta appears to be heading for the rocks as the Ijaw youth leaders on Saturday withdrew from further talks with Abuja. The youth leaders, under the aegis of Ijaw Youth … read more