FORMER governor of Bayelsa State, Chief Diepreye Alamieyeseigha yesterday returned to the country from Dubai, United Arab Emirate (UAE) where he had undergone treatment. Alamieyeseigha who arrived the Murtala Muhammed International Airport (MMIA) Ikeja aboard Emirate airline flight about 3.30pm … read more
Nigeria loses $14 billion a year to the highly lucrative and illegal business of oil bunkering, the President of the Corporate Council on Africa, Stephen Hayes has said. Hayes who spoke to THISDAY in Washington DC arrived at the figure … read more
The management board of the Central Bank of Nigeria (CBN) will meet today to decide the next line of action on the suspended naira policy announced last Friday by the Federal Government. According to a top source in the apex … read more
The Nigerian National Petroleum Corporation (NNPC) has terminated the multi-million dollar crude oil contract it signed with Kenya Ministry of Energy over �ripples� which the lucrative deal was causing between the state-owned National Oil Corporation of Kenya (NOCK) and the … read more
Nobel laureate, Prof. Wole Soyinka, has denied involvement in any move to intervene in the crisis currently engulfing the Niger Delta region. The Publicity Secretary of the Pro-National Conference Organisations, Mr. Wale Okuniyi, had in a statement on Wednesday claimed … read more
The military on Sunday announced that it has uncovered fresh plots by three cult groups in Rivers State to blackmail it and raise public sentiment against its men in the on-going hunt for cultists involved in the recent mayhem in … read more
Operating in oil-rich Nigeria has always been a challenge for energy-service companies, but new bribery probes by U.S. authorities are raising legal and financial risks that may force them to leave the country. GlobalSantaFe Corp , Transocean Inc and Pride … read more
Nigeria removed the commander of a military force sent to protect its oil industry from separatist guerrillas yesterday as three Western hostages marked their 18th day in the Niger Delta swamps. In recent weeks, rebels have attacked oil export facilities … read more
Angry demonstrators have injured a prison official in northern Nigerian Bauchi state in an attempt to lynch suspected homosexuals being held in custody, official news agency NAN said Saturday. The prison chief, Mohammed Nata’ala, was quoted by NAN as saying … read more
President Umaru Musa Yar’Adua yesterday said he ordered the suspension of the Naira redenomination policy announed two weeks ago by the Central Bank of Nigeria (CBN)’s Governor, Prof. Chukwuma Soludo because he was not convinced of the merits of the … read more