At half past six yesterday morning, Falmouth Coastguard received a distress call via Inmarsat satellite communications from the tanker Toledo Spirit. The Toledo Spirit made a mayday relay call reporting that they had sighted a vessel on fire in a … read more
Four American hostages taken from Nigeria’s oil-producing Niger Delta region were released on Wednesday after three weeks in captivity, authorities said. The four contractors were taken by gunmen from a barge operated by U.S. oil company Chevron off the coast … read more
Nigeria’s oil-producing Niger Delta region may well be the country’s biggest cash cow but it also looks set to provide new President Umaru Yar’Adua with one of his biggest headaches. “The biggest problem Nigeria faces today, in my humble opinion, … read more
Hostage takers released a Polish worker seized in Nigeria’s restive southern oil region, officials and traditional leaders said Monday. The Polish national, who was seized Thursday in the southern Niger Delta, was released late Sunday, said Tunde Smoth, an important … read more
The Economic and Financial Crimes Commission said on Thursday that Nigeria had lost over N60tn to corrupt practices since her independence in 1960. The commission said corruption was the greatest hindrance to the full maturity of the country as an … read more
Umaru Yar’Adua will be sworn in as Nigeria’s new president, hours after outgoing leader Olusegun Obasanjo made his final address to the nation. In a live broadcast on national television, Mr Obasanjo said Nigeria was a more stable and unified … read more
THE Nigeria Labour Congress (NLC) made good its threat to cripple activities in Nigeria yesterday as it recorded success in its sit-at-home protest against the inauguration of President Umaru Yar�Adua. NLC and its civil society allies under the aegis of … read more
A reclusive former governor hand-picked by departing president Olusegun Obasanjo was sworn in as Nigeria’s new leader Tuesday in the first transfer of power from one elected government to another in Africa’s most populous country. Mr. Umaru Yar’Adua, 56, took … read more
Nigeria’s justice minister has condemned as “unconstitutional” the early handover of power in Abia State between two men accused of corruption. Theodore Orji won last month’s elections for state governor, even though he was in police custody. He was freed … read more
The Federal government yesterday increased the price of Premium Motor Spirit (PMS) otherwise known as petrol from N65 to N75 per litre. The prices of other products such as the Automative Gas Oil (AGO) or diesel and household kerosene are … read more