Author Archives: Chief Oyibo

N�Delta Crisis: Shell Loses $10.6bn

Following the escalating crisis in the Niger Delta region in the past few months, Shell Petroleum Development Company of Nigeria (SPDC) disclosed yesterday that it lost about $10.6 billion to the protracted kidnappings, killings and vandalisation of oil facilities which … read more

Forces attack militant camp

(AP) _ Security forces on Thursday attacked the camp of a leading Nigerian oil-region gang member whose fighters were implicated by police in a recent gunbattle that left more than a dozen people dead. � The military and police attacked … read more

Violence continues

(Reuters) – Nigerian troops and gangsters fought gun battles in the oil city of Port Harcourt on Thursday, killing an undisclosed number of people, army and security sources said. The army launched a dawn raid on several criminal hide-outs after … read more

Gunmen seize Nigerian MP’s mother

Unknown gunmen have kidnapped the mother of a local MP in Nigeria’s oil-rich Niger Delta, authorities say. The woman was abducted on Monday night from her home in Brass, a coastal village in Bayelsa, one of Nigeria’s main oil-producing states. … read more

Outrage over nude video

A video showing a northern Nigerian film actress in a sex scene has caused a public outcry in the Muslim north. The outraged Kano State Filmmakers Association has expelled the actress and her lover, along with 17 others. The 17 … read more

Nigeria set to free its currency

Nigeria’s central bank has said it will make the country’s currency, the naira, convertible by 2009. Until now, the central bank has limited how much foreign currency can circulate by selling it through auctions. It has also set the exchange … read more

Task force names Tom, George in Rivers mayhem

MILITARY authorities in Rivers State have named suspected arrow-heads in last week’s mayhem in Port Harcourt, the state capital, as Ateke Tom and Soborno George. The duo head rival militia groups allegedly fighting for the control of “bunkering,” activities in … read more

�No improper deals with Panalpina�

The Comptroller-General of the Nigerian Customs Service, Mr. Jacob Gyang Buba, insisted on Tuesday, that the service had had no improper deals with the Nigerian subsidiary of Panalpina World Transport Holding Limited, a Swiss freight forwarder. Buba said this in … read more