The final steps towards increasing the retail price of refined petroleum products began yesterday as the Federal Government met with leaders of organised labour. The meeting, it was gathered, was aimed at convincing organised labour on the need to effect … read more
AN uneasy calm prevalent in the global aviation industry over the rising cost of fuel is creeping into domestic sector. Local airline operators are worried that unless the Federal Government acts promptly and appropriately, oil marketers may transfer the difference … read more
The Economic and Fina-ncial Crimes Commis-sion (EFCC) yesterday filed a 142- count charge against former Edo State governor, Chief Lucky Igbinedion, before a Federal High Court in Kaduna. This is coming on the heels of a warrant of arrest against … read more
There are indications that fresh international pressure is being mounted on the Federal Government to stop the tactical removal of the Chairman of the Economic and Financial Crimes Commission, Mr. Nuhu Ribadu. Ribadu is expected to resume at the National … read more
President Umaru Musa Yar�Adua will not stop any move to probe Chief Olusegun Obasanjo, his predecessor, the Attorney General of the Federation and Minister of Justice, Mr. Michael Aondoakaa, has said. Andoakaa said in Abuja yesterday that the government was … read more
The Attorney-General of the Federation and Minister of Justice, Mr. Michael Aondoakaa, on Monday told the House of Representatives Committee on Judiciary that the Federal Government paid $6m to a foreign oil firm for a non-existent court judgment. The sum, … read more
GUNMEN suspected to be Niger Delta militants, are demanding the sum of N100m as ransom for the release of the sister to the lawmaker representing Ikot Abasi/ Eastern Obolo State Constituency in Akwa Ibom State House of Assembly, Dr Charles … read more
Armed groups in Nigeria’s oil producing south are building up weapons and supplies for a major attack on an oil facility in the world’s eight largest exporter, militant and security sources said on Tuesday. The planned rebel offensive against Africa’s … read more
As the controversy over the one-year study leave for the Chairman of the Economic and Financial Crimes Commission (EFCC), Mallam Nuhu Ribadu, subsides, the United States government has counselled the Federal Government to fulfill its pledge to maintain the �composition … read more
The Organisation of Petroleum Exporting Countries (OPEC) has linked the Niger Delta crisis to rising crude oil prices, despite denials by Nigerian officials. The latest rise in price had coincided with renewed violence in the Niger Delta on New Year�s … read more