Royal Dutch Shell yesterday suspended plans to cut the costs of running its Nigerian operations, a move prompted by the government’s desire to discuss ways to pay its share of investment in oil and gas joint ventures. Shell last year … read more
JUSTICE Ibrahim Auta of the Federal High Court in Lagos on Thursday fixed March 24 for his ruling on whether or not to vacate the interim injunction granted to Virgin Nigeria over dispute on Federal Government�s directive on domestic flights. … read more
AP) _ Angola has extradited to Nigeria a man believed to be a leader of a Nigerian militant group that has attacked foreign oil installations, officials said Friday. Henry Okah, long rumored to be behind the Movement for the Emancipation … read more
No fewer than 6 persons were feared dead, yesterday, in Imeko, Imeko Afon Council Area of Ogun state, when men of the Nigerian Customs Service stationed in the area engaged smugglers of fairly used cars , popularly called Tokunbo, in … read more
Nigeria received $6,084,364,075 (about N720bn) assistance from foreign countries, international agencies and non-governmental organisations during the administration of former of former President Olusegun Obasanjo, the Minister in charge of National Planning Commission, Senator Sanusi Dagash, has said. Daggash, who appeared … read more
Four people, including a nine-day-old baby, were feared dead and others still trapped late on Wednesday when a two-storey building on 6 Okepopo Street on Lagos Island collapsed. The Senior Special Adviser to the Governor of Lagos State, Mr. Hakeem … read more
Nigeria said Monday that oil companies should be obliged to pay compensation for degradation resulting from their exploration and production activities particularly in the oil-rich Niger Delta region. “The companies have an obligation beyond their exploration and production to restore … read more
About two months after he was arrested and detained in Kaduna Prisons, a respite of sort came yesterday for the former governor of Delta State, Chief James Ibori. The Federal High Court sitting in Kaduna and trying him for alleged … read more
The Nigerian National Petroleum Corporation (NNPC) has instructed Shell Petroleum Development Company (SPDC) to stop the present downsizing of its staff. The NNPC said transparency would not be followed if SPDC was allowed to continue with the exercise. Appearing before … read more
Nigerian leaders have embezzled about $400 billion between 1960 and now and most of them are still not being challenged. This was disclosed by the acting chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Lamorde, at the … read more