THE Joint Task Force (JTF) on the Niger-Delta, yesterday, arrested five Americans and two Nigerians, including a Nigerian-American civil worker, Mr. Joel Bisina on their way to the country home of Mr. Bisina in a creek community in Delta State. … read more
DETAILS of a failed multi-million dollar oil business partnership between three oil firms in Nigeria, US and UK have emerged in the United States. The fallout of the deal is being linked with the ongoing US presidential campaign of former … read more
The International Mon-etary Fund (IMF) yesterday forecast nine per cent economic growth and single digit inflation for Nigeria in its newly released Regional Econ-omic Outlook for sub-Saharan Africa. Deputy Director, African Department of the IMF, Mr. Saul Lizondo at a … read more
Royal Dutch Shell is facing pressure from the Nigerian government and increasingly violent opposition in the Niger Delta oil-producing region, raising questions over its long-term future in the country. Sources in the Delta say the Nigerian government has withheld up … read more
It has been five years since the Nigerian government set up a new anti-corruption unit aimed at ending the country’s reputation as one of the most corrupt on earth. The Economic and Financial Crimes Commission (EFCC) has been both hailed … read more
Aggrieved community youths from Gbarain clan yesterday laid siege to the Etelebou flow station owned by the Anglo-Dutch oil, Shell Petroleum Development Company, disrupting operations in protest over alleged non implementation of memorandum of understanding by the oil company. The … read more
Nigeria is ready to work with Equatorial Guinea to improve security in the oil-producing Gulf of Guinea, where militants, pirates and smugglers threaten offshore and coastal facilities, the Nigerian presidency said. Equatorial Guinea President Teodoro Obiang Nguema Mbasogo held talks … read more
Russia’s Gazprom is making sure it keeps its dominance of the European gas market, observers say, by trying to influence a potential alternative supplier to Europe — Nigeria. Europe’s dependence on Russian gas has worried officials in Brussels ever since … read more
A delegation from BSM Group, a petroleum refining and petrochemical conglomerate based in Romania, yesterday expressed its desire to establish a petroleum refinery in Nigeria. The group, led by its President, Alhaji Lateef Ogungbadero disclosed this at the formal presentation … read more
Nigerian President Umaru Yar’Adua Thursday renewed his call for the speedy setting up of a Gulf of Guinea Guard Force tasked with ensuring the security of offshore oil facilities in the region, a statement said. The Nigerian presidency said Yar’Adua … read more