China has unfolded plans to commit between $40billion and $50billion in investment in the nation’;'[s oil and gas sector, Finance Minister, Shamsudeen Usman, has said. “The Chinese have been very clear and aggressive in terms of their commitment to Nigeria,” … read more
LEADERSHIP of the Nigeria Labour Congress (NLC) on Wednesday intervened in the crisis between Nigerian Telecommunications (NITEL) workers and Transnational Corporation (Transcorp), bringing to an end the nine-day industrial action over unpaid five months salary arrears. The NITEL workers, under … read more
An attempt to kidnap three children of former Operations Manager in Agip, Mr Morenikeji Aderibigbe, was yesterday foiled, when militants supposedly enlisted by his driver turned out to be police informants. This is as Chairman and Chief Executive Officer of … read more
Crude oil price at the international market rose to a record high of $119.74 a barrel yesterday, just as the Organisation of Petroleum Export Countries (OPEC) said it plans to increase production capacity by five million barrels per day by … read more
UNITED States (U.S,) Ambassador to Nigeria, Robin Renne Sanders, has described poverty as “perhaps the greatest challenge facing Nigeria today,” with more than half of the country’s population living on less than one dollar a day. Sanders made the submission … read more
THE embattled senator-daughter of former President Olusegun Obasanjo, Iyabo Obasanjo-Bello, recently played a fast one on the operatives of the Economic and Financial Crimes Commission (EFCC). The EFCC operatives laid an ambush for Senator Obasanjo-Bello at the Nnamdi Azikiwe Airport, … read more
Members of Nigeria’s parliament have launched an investigation into the country’s oil and gas business. The probe aims to shed light on the impenetrable corruption that dogs the industry in the country. It follows a similar probe into the power … read more
The daughter of Nigeria’s former leader has told the BBC she is the victim of a “witch hunt” led by the country’s anti-corruption police. Senator Iyabo Obasanjo Bello says she is being persecuted for being related to ex-president Olusegun Obasanjo. … read more
America has ruled out acting as a mediator between Abuja and the Movement for the Emancipation of the Niger Delta (MEND), a key demand by the militants to end their attacks on oil facilities and personnel in the volatile area. … read more
The abductors of Mrs. Margaret Idisi, wife of the oil magnate and chairman of Lonstar Drilling, Chief Humphrey Idisi, are now demanding a ransom of N1 billion for her release. Nigerian Tribune learnt from a family source yesterday that the … read more