Nigeria needs between $5bn to $7bn per annum to achieve the UN’s Millennium Development Goals (MDGs) in 2015, a top Nigerian official has said. But Amina Ibrahim, poverty adviser to the ex-president, says she thinks her country has the potential … read more
Gunmen have released seven kidnapped oil industry workers � five foreigners seized from a rig a week ago and two senior Nigerian managers taken captive last weekend, police and company officials said Wednesday. Nigerian security forces helped negotiate the release … read more
President Umaru Yar�Adua on Wednesday dismissed insinuations that former President Olusegun Obasanjo was controlling his administration. Yar�Adua, who also named Mrs. Ebele Okeke as the new Head of the Civil Serviceof the Federation, said that Nigerians should not doubt that … read more
Mobil Producing Nigeria (MPN) has said Akwa Ibom State government received a total of N55.9 billion last year from oil companies operating in the state, as deductions for the 13 per cent derivation. MPN also said its operations account for … read more
Vehicle owners and commuters in Asaba , Warri , and adjourning towns were yesterday hit by the crippling effect of the scarcity of petroleum products following the total closure yesterday of all petrol stations by the Delta state chapter of … read more
Nigeria’s police chief Mike Okiro Tuesday ordered his staff to crack down on kidnappings in the troubled oil-rich south, where more than 200 expatriates have been seized since January last year. “In your commands, you should make it a policy…to … read more
Manufacturers Association of Nigeria (MAN), yesterday raised alarm over imminent collapse of the textile industry, saying about 30 textile industries will be closed down and 30,000 jobs lost by next week, if High Pour Fuel Oil (HPFO), commonly called black … read more
The UK Foreign and Commonwealth Office said it has extended its warning on travel to Nigeria after another kidnapping earlier this week. It now advises advised against all travel to the Niger Delta and to riverine areas of Cross River … read more
Four more people have been abducted in the Niger Delta, authorities said on Monday, underscoring insecurity in Nigeria’s oil-producing region hours after a 3-year-old British girl was freed by her kidnappers. Margaret Hill was released on Sunday night after four … read more
SIX days after five of its expatriate workers were abducted by unknown gunmen in Rivers State, an oil firm, Lonestar Drilling Company, has evacuated 120 of its employees from the Nembe area of Bayelsa State. The oil firm’s move followed … read more