Author Archives: Chief Oyibo

Country’s External Debt Now $2.6bn

Nigeria’s accumulated external debts now stand at $2.608 billion which comprises outstanding obligations by both Federal Government and the 36 states of the federation to multilateral institutions. The multilateral institutions include the World Bank and the African Development Bank (AfDB). … read more

unions end fuel strike

Nigeria’s trade unions have called off their general strike over a recent rise in petrol prices, after talks with government officials. Union leaders said they had accepted the government’s proposal to freeze petrol prices for at least a year. The … read more

Four foreign oil hostages freed

Four foreign hostages employed by oil services giant Schlumberger were released unharmed on Saturday after more than three weeks in captivity, security sources said. The men, from Britain, France, the Netherlands and Pakistan, were abducted on June 1 from the … read more

Witchcraft: Ebonyi Community Kill Eight

EIGHT persons were killed in Onicha community, Onicha Igboeze local government area of Ebonyi State during a ritual cleansing of the community after they were accused of practicing witchcraft by their kinsmen, the Assistant Inspector General of Police, (AIG) zone … read more

FG Threatens to Sanction Labour

The Federal Govern-ment has threatened to invoke the relevant labour laws if workers continue with their indefinite strike action, which has paralysed business activities in the country. The government, which appeared to have finally run out of patience in its … read more

unions dig in for a long strike

Nigerian unions dug in for a long battle with the government on Friday after the collapse of talks on the third day of a general strike over fuel prices. Unions threatened to extend the strike, which has already crippled most … read more