The Vice-president Dr. Goodluck Jonathan yesterday called on well meaning Nigerians and companies especially those operating in the Niger-Delta region to give employment to youths of the area in order to discourage them from going back to the creeks and … read more
Royal Dutch Shell PLC (RDSB.LN) is unlikely to go back into Nigeria’s troubled Western Delta this year despite the area contributing around 500,000 barrels a day to the company’s crude oil production, a Shell executive said Tuesday. Speaking on the … read more
Ijaw warlord and leader of Niger Delta Peoples Volunteer Force, Alhaji Mujahid Asari-Dokubo, has asked the Federal Government to refund N137million, being cost of the arms surrendered to Rivers State government by various militia groups before his incarceration. Asari, however, … read more
Armed military personnel drafted to the General Aviation Terminal of the Murtala Muhammed Airport, Ikeja, last week, were yesterday withdrawn, following return of airline operators to normal business. The military personnel were drafted alongside policemen to beef up security at … read more
Three days after the Federal Government and Labour agreed to the pump price of petrol at N70 per litre leading to the call-off of the nationwide strike by labour, some marketers in Lagos, Abuja and other cities are yet to … read more
GlobalSantaFe Corporation today reported that the company, with the assistance of outside counsel, is conducting an internal investigation of its Nigerian operations, focusing on agents who handled customs matters with respect to a Nigerian affiliate of the company and whether … read more
THE Federal Government on Monday openly acknowledged the growing state of insecurity in the Niger-Delta and vowed to tackle the menace with all seriousness. Speaking at the handing over of the first batch of 354 various brands of vehicles donated … read more
US oil group Chevron has resumed operations at its facility in southern Nigeria that was shut down two weeks ago because of community unrest, a spokesman said Tuesday. “We have restored the output of 42,000 barrels of crude per day … read more
President Umaru Musa Yar�Adua yesterday regretted the hardship experienced by Nigerians as a result of the four-day antionwide strike over fuel price increase. The President, however, thanked the organised labour and Nigerians for their understanding and patience during the strike. … read more
INDUSTRY watchers have put what Nigeria lost to its four-day Nigeria Labour Congress (NLC) inspired nationwide strike at over N9 billion in the maritime sector alone. The experts also warned that unless the new terminal operators waived the demurrage that … read more