The Federal Government on Friday accused Shell Petroleum Development Company of Nigeria of using the tactics of intimidation to scare away investors from oil blocks where it had interest in. Shell had obtained an order of a Federal High Court … read more
Rivers State Governor, Dr. Peter Odili, has revoked a multi-million contract for the construction of an access road to the Rivers State Polytechnic at Bori in Khana Local Government Area of the state. The governor announced the termination of the … read more
President Olusegun Obasanjo is due in Bayelsa State on Monday (today) for the ground breaking of the Brass Liquefied Natural Gas project at the coastal Brass Local Government Area of the state. The event is not being publicised in view … read more
Six gunmen wearing military fatigues seized a Nigerian staff member of the Italian oil company Agip on Monday in the Nigeria’s southern petroleum region, police said. The assailants grabbed the human resources manager for Agip, a subsidiary of Italian oil … read more
President-elect, Alhaji Umaru Musa Yar’Adua has intimated of his administration�s plan to introduce a new development plan to solve the problems of underdevelopment facing the Niger Delta states in Nigeria. He also stated that henceforth the Niger Delta problem should … read more
Only around half of 45 oil exploration blocks Nigeria put up for auction Friday attracted bids, with foreigners wary of political uncertainy ahead of a government change, officials said. The vast majority of those who submitted bids Friday were domestic … read more
Nigeria borrowed $3.1billion between 1999 and 2007 from multilateral agencies like the World Bank, African Development Bank and other international lenders, the Debt Management Office (DMO) said in Abuja yesterday. Out of this amount, $2.9billion was collected from multilateral agencies … read more
U.S. oil company Chevron said on Friday it was evacuating hundreds of nonessential personnel from offshore operations in Nigeria due to security concerns. Chevron spokesman Michael Barrett said the evacuation would not further impact the company’s production in Nigeria. “We … read more
Nigerian Islamic police have demolished four theatres in the north-western state of Kano in a campaign to stamp out anti-social and immoral behaviour. The demolitions come after a reported lesbian marriage between a woman and four partners in one of … read more
The sudden upsurge in militant activities in the oil-rich Niger Delta region of the country just before and after the April general election has been described as a reflection of the deep sense of dissatisfaction with government�s efforts, especially at … read more